Tech Brew Ride Home Thu. 09/08 – Why Disney Also Had 2nd Thoughts About Buying Twitter
Sep 8, 2022
Disney's former CEO reveals why the company hesitated to buy Twitter due to concerns about user authenticity. Legal battles loom over cryptocurrency sanctions, raising questions about privacy rights. Investor sentiment shifts in Chinese tech as major players adapt their strategies, while interest in crypto startups grows. The crypto landscape features notable innovations, including a $300 million raise for a new blockchain. Meanwhile, Apple's iPhone 14 Pro introduces the dynamic island, transforming the way users interact with their devices.
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Disney's Twitter Acquisition
- Bob Iger, former Disney CEO, considered buying Twitter in 2016 for content distribution.
- He abandoned the deal due to concerns about bots and platform complexities.
Crypto Lawsuit
- Crypto users, including Coinbase employees, are suing the U.S. Treasury over Tornado Cash sanctions.
- They argue the sanctions exceed government authority and violate constitutional rights.
Chinese Tech Sell-Off
- Early investors in Chinese tech giants, like SoftBank and Berkshire Hathaway, are selling holdings.
- This represents a retreat from the Chinese market due to government intervention and perceived peak returns.