The Vergecast Twitter accepts Elon Musks' buyout / Snap Pixy drone hands-on / Apple releases fix for Studio Display
Apr 29, 2022
In a lively discussion, Liz Lopatto, Senior reporter at The Verge, shares insights on Elon Musk's controversial Twitter buyout and the potential chaos it may unleash. Alex Heath gives a glimpse of his hands-on experience with Snap’s whimsical selfie drone, the Pixy, while Alex Cranz brings the latest on E Ink technology and Apple's new fixes for their Studio Display. The trio explores the implications of Musk's vision for free speech and critiques the evolving landscape of social media, updating listeners on the tech world’s latest happenings.
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Employee Concerns
- Elon Musk's acquisition of Twitter raises concerns about job security and compensation for employees.
- Stock options and RSUs are affected by Twitter's shift from public to private.
X Marks the Spot
- Elon Musk's new company, X.com, will merge with Twitter after receiving funding from banks.
- The name "X" holds significance for Musk, previously desired for PayPal.
Leveraged Buyout and Debt
- Twitter's leveraged buyout involves significant debt, potentially costing $1 billion annually in servicing fees.
- This raises concerns about cost-cutting measures, including layoffs.