Month: October 2022

“Mischief and delay”: How Musk and Twitter finally sealed the deal

Takeover drama drew in a cast of Wall Street powerhouses—and a few “meme-splainers.”

“Mischief and delay”: How Musk and Twitter finally sealed the deal

Enlarge (credit: Financial Times)

Even as his $44 billion buyout came down to the wire, Elon Musk kept Twitter guessing.

Normally, lawyers and advisers on each side of a corporate transaction work closely together to ensure a smooth closing. But as the clock ticked down towards a court-imposed October 28 deadline for the takeover to close, Musk’s camp mostly worked in isolation, leaving Twitter on the sidelines with their fingers crossed.

“We didn’t know when we would close on Thursday night until 15 minutes before it happened,” said one Twitter adviser.

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Massive pandemic relief fraud has Congress eyeing digital IDs

Fintech platforms help US regulators weigh security benefits of digital IDs.

Massive pandemic relief fraud has Congress eyeing digital IDs

Enlarge (credit: Aurich Lawson | Getty Images)

When the US government began offering financial aid to Americans struggling to cope with a pandemic-fueled economic collapse in 2020, the Department of Treasury and the Federal Bureau of Investigation urged Americans to be ever more vigilant about their personal information. COVID-19 scams seemed to be everywhere, and for government agencies, it became difficult to ensure that all the money it was sending out actually made it to the citizens most in need of aid—and not into the hands of bad actors.

It’s now estimated that hundreds of billions in COVID relief funds were stolen, Bloomberg reported, with no way of knowing the true cost of the losses.

It has perhaps never been clearer to the federal government how impactful it could be during times of emergency to already have trusted nationwide digital identification verification systems in place.

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Modern Warfare 2 im Test: Ghost in großartiger Form

Elitesoldat Ghost und Kollegen legen sich im neuen Call of Duty mit Drogenkartellen an – und sorgen für eine der besten Kampagnen der Serie. Von Peter Steinlechner (Call of Duty, Spieletest)

Elitesoldat Ghost und Kollegen legen sich im neuen Call of Duty mit Drogenkartellen an - und sorgen für eine der besten Kampagnen der Serie. Von Peter Steinlechner (Call of Duty, Spieletest)

Rekordverlust: Französischer Atomkonzern macht Dutzende Milliarden Miese

Weil im Sommer fast die Hälfte der maroden Atommeiler ausfiel, verlor der Energiekonzern EDF mindestens 32 Milliarden Euro. Er steht kurz vor der vollen Wiederverstaatlichung. Für “billigen” Strom zahlen Steuerpflichtige drauf.

Weil im Sommer fast die Hälfte der maroden Atommeiler ausfiel, verlor der Energiekonzern EDF mindestens 32 Milliarden Euro. Er steht kurz vor der vollen Wiederverstaatlichung. Für "billigen" Strom zahlen Steuerpflichtige drauf.

Gablingen: Telekom überbaut neues Netz von Deutsche Glasfaser

Während viele Gemeinden in Deutschland auf die Versorgung warten, wird in Gablingen von der Telekom doppelt ausgebaut. Doch zuvor überbaute Deutsche Glasfaser das Vectoringnetz der Telekom. (Open Access, Telekom)

Während viele Gemeinden in Deutschland auf die Versorgung warten, wird in Gablingen von der Telekom doppelt ausgebaut. Doch zuvor überbaute Deutsche Glasfaser das Vectoringnetz der Telekom. (Open Access, Telekom)