After six months of trying wriggle out of his $44-billion agreement to take over Twitter, Elon Musk says he’ll buy the social media platform after all. On Oct. 4, Musk told the social media company that the deal is back on. In a letter to Twitter, first reported by Bloomberg, Musk said he is willing to go ahead with the deal at $54.20 per share, the original agreed-upon price. It’s unclear what changed Musk’s mind. Perhaps it was the prospect of a high-profile trial against Twitter, which was due to start in two weeks, or it may be that his latest overture is just a negotiating tactic. ...…After six months of trying wriggle out of his $44-billion agreement to take over Twitter, Elon Musk says he’ll buy the social media platform after all. On Oct. 4, Musk told the social media company that the deal is back on. In a letter to Twitter, first reported by Bloomberg, Musk said he is willing to go ahead with the deal at $54.20 per share, the original agreed-upon price. It’s unclear what changed Musk’s mind. Perhaps it was the prospect of a high-profile trial against Twitter, which was due to start in two weeks, or it may be that his latest overture is just a negotiating tactic. ...WW…

By &All eyes in the digital media sector are fixed on Google, given the breadth of its online advertising capabilities, but its dominance has also drawn the gaze of regulators who could be weeks away from filing legal action.To Read the Full Story Become an Adweek+ SubscriberAlready a member?…By &All eyes in the digital media sector are fixed on Google, given the breadth of its online advertising capabilities, but its dominance has also drawn the gaze of regulators who could be weeks away from filing legal action.To Read the Full Story Become an Adweek+ SubscriberAlready a member?WW…

By Published November 19, 2021On Nov. 18, a group of cryptocurrency investors banded together to buy one of 13 rare copies of the US Constitution on sale at the auction house Sotheby’s. A group of 17,000 donors, set up as a decentralized autonomous organization, or DAO, organized itself entirely online to bid at the auction.ConstitutionDAO was established by a core team of 35 people to “put the Constitution in the hands of the people,” as the group states on its . It planned to publicly display the Constitution, one of 500 copies in a first printing, for free at an institution willing to...…By Published November 19, 2021On Nov. 18, a group of cryptocurrency investors banded together to buy one of 13 rare copies of the US Constitution on sale at the auction house Sotheby’s. A group of 17,000 donors, set up as a decentralized autonomous organization, or DAO, organized itself entirely online to bid at the auction.ConstitutionDAO was established by a core team of 35 people to “put the Constitution in the hands of the people,” as the group states on its . It planned to publicly display the Constitution, one of 500 copies in a first printing, for free at an institution willing to...WW…

By Published October 20, 2021The US government is cracking down on stablecoins, taking its first major shot on Oct. 15 against Tether. The US Commodities Futures Trading Commission fined the popular stablecoin operator $41 million for allegedly misstating its reserves.Stablecoins are cryptocurrencies pegged to certain government-backed currencies or precious metals, like silver or gold. While an odd fixture in the crypto community, which largely avoids governments and major financial institutions, : They are mostly used by crypto businesses to transfer cash, or by investors that want to...…By Published October 20, 2021The US government is cracking down on stablecoins, taking its first major shot on Oct. 15 against Tether. The US Commodities Futures Trading Commission fined the popular stablecoin operator $41 million for allegedly misstating its reserves.Stablecoins are cryptocurrencies pegged to certain government-backed currencies or precious metals, like silver or gold. While an odd fixture in the crypto community, which largely avoids governments and major financial institutions, : They are mostly used by crypto businesses to transfer cash, or by investors that want to...WW…

By Published October 22, 2021Scrolling and shopping are largely two different functions online. A new deal could change that in the US. PayPal, the online payments giant, is in talks to acquire Pinterest for $45 billion, which would be the company’s largest-ever acquisition.It’s a deal that would help Pinterest realize its goal of becoming a shopping powerhouse while PayPal would get one step closer to becoming the “” of its aspirations, an analog of China’s WeChat app allowing users to communicate and transact in the same space. Social media firms have succeeded in capturing eyeballs and...…By Published October 22, 2021Scrolling and shopping are largely two different functions online. A new deal could change that in the US. PayPal, the online payments giant, is in talks to acquire Pinterest for $45 billion, which would be the company’s largest-ever acquisition.It’s a deal that would help Pinterest realize its goal of becoming a shopping powerhouse while PayPal would get one step closer to becoming the “” of its aspirations, an analog of China’s WeChat app allowing users to communicate and transact in the same space. Social media firms have succeeded in capturing eyeballs and...WW…

By Published May 27, 2021The viral YouTube video Charlie Bit Me as a (NFT) for about $761,000, with the creators offering to remove the original clip from the video platform forever.But the internet needs not fear. Charlie Bit Me will remain on YouTube, says Howard Davies-Carr, the father of the now-famous children featured in the video. The video has racked up 884 million views since it was first uploaded in 2007.“After the auction we connected with the buyer, who ended up deciding to keep the video on YouTube,” Davies-Carr told Quartz. “The buyer felt that the video is an important...…By Published May 27, 2021The viral YouTube video Charlie Bit Me as a (NFT) for about $761,000, with the creators offering to remove the original clip from the video platform forever.But the internet needs not fear. Charlie Bit Me will remain on YouTube, says Howard Davies-Carr, the father of the now-famous children featured in the video. The video has racked up 884 million views since it was first uploaded in 2007.“After the auction we connected with the buyer, who ended up deciding to keep the video on YouTube,” Davies-Carr told Quartz. “The buyer felt that the video is an important...WW…

ByMedia and tech leaders from the New York Times, NBCUniversal and more will discuss digital advertising trends at .The Federal Trade Commission and 48 state attorneys general filed separate lawsuits against Facebook Wednesday, calling it an illegal monopoly that needs to be broken up.To Read the Full Story Become an Adweek+ SubscriberAlready a member?…ByMedia and tech leaders from the New York Times, NBCUniversal and more will discuss digital advertising trends at .The Federal Trade Commission and 48 state attorneys general filed separate lawsuits against Facebook Wednesday, calling it an illegal monopoly that needs to be broken up.To Read the Full Story Become an Adweek+ SubscriberAlready a member?WW…

ByDon’t miss . Join us in Miami for an unforgettable five-day experience featuring leaders from Shake Shack, Journey, the NFL, El Pollo Loco, Hyundai and more. .To Read the Full Story Become an Adweek+ SubscriberAlready a member?…ByDon’t miss . Join us in Miami for an unforgettable five-day experience featuring leaders from Shake Shack, Journey, the NFL, El Pollo Loco, Hyundai and more. .To Read the Full Story Become an Adweek+ SubscriberAlready a member?WW…

ByTo Read the Full Story Become an Adweek+ SubscriberAlready a member?…ByTo Read the Full Story Become an Adweek+ SubscriberAlready a member?WW…