Twitter feels like I could wake up any morning now and find the whole site burned to ground, with Elon Mush standing in the smoking rubble, in a pair of yellowed Y-fronts, dribbling bathtub gin through broken teeth, laughing at me. — John Birmingham (@JohnBirmingham) October 31, 2022 It doesn’t seem that many people are… Read more »
Elon Musk has finally completed his US$44 billion deal to acquire Twitter and take it private. The world’s richest man has already begun putting his imprint on the social network by firing four of its top executives. While most people are likely familiar with the idea of taking a private company public – the process… Read more »
The battle of the billionaires has become the stuff of headlines. The world’s richest man, Elon Musk, has gone head-to-head with Australia’s richest man, billionaire Andrew “Twiggy” Forrest. Musk, founding investor in battery-powered car giant Tesla, has famously mocked hydrogen fuel-cell vehicles as “mind-bogglingly stupid”. Forrest has just placed a very large bet on green… Read more »
• Elon Musk spies a burrito cart -> Elon Musk wants a burrito. • He doesn’t want to pay for it. • Suggests via tweet that the burrito cart guy, sixty-eight-year-old Miguel Chumacero, should just let him have the burrito. Specifically, the ‘Giga-Chad’ Trinidad Scorpion Chilli Breakfast Burrito. • Burrito cart guy unimpressed with early… Read more »
Twitter pugilist Elon Musk has a new war to fight on the micro-blogging site he’s buying. After ordering his executives back into the office for a “minimum” of 40 hours a week via email, Musk followed up with an all staff email saying “If you don’t show up, we’ll assume you’ve resigned”. Taking a dig… Read more »
Tesla CEO Elon Musk has ordered his company’s executives back to the office for at least 40 hours a week or they should leave the business. In a leaked email titled “Remote work is no longer acceptble” [sic], Musk began: “Anyone who wishes to do remote work must be in the office for a minimum… Read more »
Imagine there is a public speaking square in your city, much like the ancient Greek agora. Here you can freely share your ideas without censorship. But there’s one key difference. Someone decides, for their own economic benefit, who gets to listen to what speech or which speaker. And this isn’t disclosed when you enter, either.… Read more »
The human brain is said to be the most complex biological structure ever to have existed. And while science doesn’t fully understand the brain yet, researchers in the expanding field of neuroscience have been making progress. Neuroscientists have made substantial inroads towards mapping the complex functions of the brain’s 85 billion or so neurons and… Read more »
In a surprise capitulation, the board of Twitter has announced it will support a takeover bid by Elon Musk, the world’s richest person. But is it in the public interest? Musk is offering US$54.20 a share. This values the company at US$44 billion (or A$61 billion) – making it one of the largest leveraged buyouts… Read more »
Elon Musk’s US$44 billion offer to buy Twitter and turn the social media platform into a private company is almost a done deal. But not quite. While Twitter’s board has endorsed his offer, Musk now needs the nod from a majority of Twitter’s shareholders and US corporate regulators. Before we get on to the details… Read more »
Elon Musk has bought influential social media company Twitter for $61.5 billion (US$44 billion) after a month-long siege that saw Twitter on the brink of diluting its shares to keep Musk away. Current Twitter shareholders will be paid $75.80 (US$54.20) per share in an agreement that Musk has framed as a win for free speech.… Read more »
Over the weekend, Tesla chief executive Elon Musk suggested his company could sell off its Bitcoin holdings, sending the cryptocurrency plummeting. It followed Musk’s announcement earlier this month that his company would no longer accept Bitcoin in payment for its electric cars, due to the fossil fuels needed to create the digital currency. Bitcoin is… Read more »
Elon Musk’s satellite internet service, Starlink, will roll out in Sydney later this year.Startup Daily received an email from Starlink on Friday offering us the chance to sign up for the beta phase of the broadband roll out “on a first-come, first-served basis” in 2021. “Starlink is now available for order to a limited number… Read more »
The world’s richest man, Elon Musk and his charitable arm, the Musk Foundation, is backing a US$100 million (A$130m) prize to deal with carbon removal to tackle climate change. Non-profit XPRIZE, which is running a range of cash prize competitions to tackle global challenges, is launching the $100 million XPRIZE Carbon Removal, a four-year global… Read more »
Welcome to Tuesday and some big news globally. 1. SoftBank posts record loss Japan’s SoftBank has posted a shocker in its annual results for the fiscal year to March 31, revealing its first annual loss in 15 years in a A$49 billion turnaround. Alibaba co-founder Jack Ma resigned from the board, just ahead… Read more »
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
Here are the finalists in Fintech Australia’s 2024 Finnies awards 
Atlassian cofounder Scott Farquhar steps down as co-CEO 
Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership 
Daily startup news and insights, delivered to your inbox.
