Fri. 05/13 – Elon Puts Twitter Bid On “Hold,” But Is “Still Committed”

Ok. Are you sitting down? Would you believe me if I told you Elon Musk is giving signals that the Twitter deal might be off? Could we fix the whole stablecoin mess if we just turn it off and turn it back on again? The refugees from Meta’s failed crypto project have a new startup to call home. And, of course, the Weekend Longreads Suggestions™.

Sponsors:

• Superside.com/techmeme
• Masterworks.io/ride

Sponsors:

• Elon Musk says Twitter deal ‘on hold’ after spam / fake account report (The Verge)
• Terraform Again Halts Blockchain Behind UST Stablecoin, Luna (Bloomberg)
• Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm (TechCrunch)

Weekend Longreads Suggestions™:

• Terra: To the Moon and Back (Not Boring)
• Why financial engineering has gone full circle with Terra (The Blind Spot)
• Tech workers in Latin America want to make Spanish the primary language of programming (Rest of World)
• The Thing That Makes It Work Means It Doesn’t (Garbage Day)