Elon Musk's decision to try to terminate his deal to buy Twitter has set up a massive court fight in Delaware, and has significantly reduced the range of possible outcomes.
Why it matters: At stake is the future of one of the most powerful social networks in the world.
Ahead of Amazon Prime Day this year, I recently visited an Amazon fulfillment center in Carteret, New Jersey, which handles 3.5 million packages a week.
My main takeaway: The ease with which we buy our things online masks the labor and logistics required to fulfill those orders.
Elon Musk will try to bail on his $44 billion agreement to buy Twitter, claiming that the social media company hasn't met its contractual obligations, according to a statement filed with the U.S. Securities & Exchange Commission.
Why it matters: This could set up a massive legal fight between Musk and Twitter, with a Delaware court as the deal's ultimate arbiter.
Tether, the world's biggest stablecoin issuer, liquidated a $900 million loan made to troubled crypto lender Celsius, a Tether spokesperson confirms for Axios.
Why it matters: This crypto market downward spiral has been marked by a buildup of debt that big-time players couldn't pay at exactly the wrong time — to what degree these firms were connected with each other is being revealed in drips and drabs as some file for bankruptcy proceedings and others, sue.
Aave, the #2 protocol in decentralized finance (DeFi), has set its sites on blowing up the spot of MakerDAO, the #1.
Why it matters: Crypto has been a speculator's game, but if it can make it easier for real world enterprises to get off the ground, that starts to look like tangible wealth creation.
The known total of Elon Musk's kids rose to nine when Insider reported he had twins in November with Shivon Zilis, a director at Neuralink, the brain-interface company where Musk is a founder and co-CEO.
Driving the news: Neither has spoken publicly about the twins. Insider obtained Austin court documents approving a name change for the babies.
This summer I excitedly joined the ranks of parents who tote their children to day care and elsewhere via electric bike.
Why it matters: Electric bicycling is exploding in popularity — with notable uptake in urban areas like Washington, D.C., where I live.
It's an attractive option for those who like biking but don't want to be constantly sweating up hills, or for people who need another means of transport but can't afford or don't want another vehicle.
Elon Musk's team and Twitter management both took to the media Thursday to plead their cases in an ongoing argument over fake accounts, bots and spam that might scuttle Musk's deal to acquire the social media platform.
Driving the news: Sources close to Musk told the Washington Post Musk's team has "concluded that Twitter’s figures on spam accounts are not verifiable" and that the deal is "in serious jeopardy."
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