Musk-ization of Twitter; Owning in Metaverse; Pixel Watch Coming; iPhone AND Apple Watch May Get Emergency Sat ConnectivityPosted: April 25, 2022
Things could still fall apart, but on the other hand, by the time you read this, Elon Musk’s deal could be set to buy Twitter for $43 billion. Reuters.com reports that the board started working with him on the deal Sunday morning, and apparently they worked through the night. The board may already have recommended the $54.20 per share deal to shareholders…again, by the time you read this. Although the deal doesn’t contain a ‘go-shop’ allowing Twitter to fish for a better deal, if one came along, they could take it and pay Musk a break-up fee. Twitter was up 5.4% as these words are written. Musk, a prolific Twitter user, has said it needs to be taken private to grow and become a genuine platform for free speech. Critics believe he is more concerned with HIS free speech than that of any other users.
UPDATE (Well, that didn’t take long): https://www.bloomberg.com/news/articles/2022-04-25/elon-musk-clinches-deal-to-take-twitter-private-for-44-billion?sref=HQB7G2wY&utm_source=twitter&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business
In an interesting piece from thenextweb.com, some thoughts for those purchasing items in the ‘metaverse.’ The article notes that you have to agree to the end user license agreement of the platform you are purchasing through. (Like anyone reads those purposefully impenetrable documents!) Unlike the blockchain itself, the terms of service for each metaverse platform are centralized and are under the complete control of a single company. This is extremely problematic for legal ownership.
The problem for buyers is that under the terms of service, the NFTs purchased and the digital goods received are almost never one and the same. NFTs exist on the blockchain. The land, goods and characters in the metaverse, on the other hand, exist on private servers running proprietary code with secured, inaccessible databases. Here’s an example from thenextweb article: ‘…one day you might own a $200,000 digital painting for your apartment in the metaverse, and the next day you may find yourself banned from the metaverse platform, and your painting, which was originally stored in its proprietary databases, deleted.
Strictly speaking, you would still own the NFT on the blockchain with its original identification code, but it is now functionally useless and financially worthless.’ In other words, caveat emptor….buyer beware!
Not just a leak…someone left what is apparently a prototype Pixel Watch in a restaurant in the US (the location of which is being withheld for now. Androidcentral.com says the watch has a minimalist design, with just a crown and one hidden button. It also sported proprietary Google bands. No charger was found, but it appears it may have Qi wireless charging. Rumors have Google announcing a watch at Google I/O next month. The watch didn’t fully boot up, but did get to a ‘G’ logo screen. The Pixel Watch will reportedly use and Exynos chipset when it drops.
According to Mark Gurman at Bloomberg, the rumor that iPhone may be getting emergency satellite connectivity may be true, and could be in the phones this fall. Not only that, but the Apple WATCH might also get it…either this fall or in 2023. We have reported on this before, and need to stress that is isn’t making either into a satellite phone. The feature is for reporting emergencies or sending a short emergency text to emergency contacts when you are out of cellular range. It looks like the deal will be with Satellite operator Globalstar. In February, Globalstar said it reached an agreement to buy 17 new satellites to help power “continuous satellite services” for a “potential”—and unnamed—customer that had paid it hundreds of millions of dollars. Is that customer Apple? We’re probably less than six months from finding out.