SEC filing: Elon Musk notified Twitter he wants to end the merger agreement, claiming it didn’t provide him the info he requested; stock is down 6%+ after hours (Lauren Feiner/CNBC)

Lauren Feiner / CNBC: SEC filing: Elon Musk notified Twitter he wants to end the merger agreement, claiming it didn’t provide him the info he requested; stock is down 6%+ after hours  —  Billionaire Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf […]

Summer 2022 recommended reading from MIT

It is summertime once again, which means that many of us will find ourselves with new opportunities to dive into books. The following titles represent a selection of offerings published in the past year from MIT faculty and staff. Links are provided to each book from its publisher, and the MIT Libraries has compiled a […]

Five with MIT ties win 2022 Hertz Foundation Fellowships

Five current graduate students and recent alumni have been awarded 2022 Hertz Fellowships in applied science, engineering, and mathematics. They are among 13 doctoral-level scholars chosen by the Fannie and John Hertz Foundation who demonstrate “deep, interconnecting knowledge and the extraordinary creativity to tackle problems that others can’t solve,” according to the foundation’s announcement. This […]

Tech companies’ offer to help employees sidestep abortion bans does not cover gig workers, temporary workers, and subcontractors, deepening the workplace divide (Caitlin Harrington/Wired)

Caitlin Harrington / Wired: Tech companies’ offer to help employees sidestep abortion bans does not cover gig workers, temporary workers, and subcontractors, deepening the workplace divide  —  Google, Amazon, and others will help permanent staff seek out-of-state care.  But their many contractors remain shut out.

Secret Service Director James Murray steps down and will join Snap as chief security officer, reporting directly to Evan Spiegel (Matt Berg/Politico)

Matt Berg / Politico: Secret Service Director James Murray steps down and will join Snap as chief security officer, reporting directly to Evan Spiegel  —  U.S. Secret Service Director James Murray will retire after serving in the high-ranking post for three years, President Joe Biden and first lady Jill Biden said in a statement on […]

A former manager sues Celsius for fraud, saying that the crypto lender ran a Ponzi scheme by using customer deposits to rig the price of its own crypto token (Jonathan Stempel/Reuters)

Jonathan Stempel / Reuters: A former manager sues Celsius for fraud, saying that the crypto lender ran a Ponzi scheme by using customer deposits to rig the price of its own crypto token  —  A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the […]

Glassnode: bitcoin blockchain activity has dropped 13% from November 2021 to July 2022; balances at exchanges are down 20%+ from a January 20 peak (Immanual John Milton/Bloomberg)

Immanual John Milton / Bloomberg: Glassnode: bitcoin blockchain activity has dropped 13% from November 2021 to July 2022; balances at exchanges are down 20%+ from a January 20 peak  —  As the crypto winter deepens, only the staunchest Bitcoin investors are still holding onto their tokens — but not on the exchanges.

CertiK: Web3 projects lost $2B+ to hacks and exploits in H1 2022, more than all of 2021 combined; $308M was lost across 27 flash loan attacks in Q2 2022 (Corin Faife/The Verge)

Corin Faife / The Verge: CertiK: Web3 projects lost $2B+ to hacks and exploits in H1 2022, more than all of 2021 combined; $308M was lost across 27 flash loan attacks in Q2 2022  —  A new report from CertiK flags major losses and a growing threat from flash loan attacks  —  In the first […]

Reddit launches an NFT-based avatar marketplace with 90 profile pictures available for purchase at a fixed rate, expanding on support for Ethereum-based NFTs (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: Reddit launches an NFT-based avatar marketplace with 90 profile pictures available for purchase at a fixed rate, expanding on support for Ethereum-based NFTs  —  Reddit is launching a new NFT-based avatar marketplace today that allows you to purchase blockchain-based profile pictures for a fixed rate.

A look at Amazon’s plans to crack livestream shopping, including hosting four events to attract influencers, offering generous bonuses, and more (Dave Lee/Financial Times)

Dave Lee / Financial Times: A look at Amazon’s plans to crack livestream shopping, including hosting four events to attract influencers, offering generous bonuses, and more  —  Amazon has stepped up plans to crack the QVC-style livestream shopping market as the $1tn ecommerce giant aims to replicate the success …

Smart textiles sense how their users are moving

Using a novel fabrication process, MIT researchers have produced smart textiles that snugly conform to the body so they can sense the wearer’s posture and motions. By incorporating a special type of plastic yarn and using heat to slightly melt it — a process called thermoforming — the researchers were able to greatly improve the […]

Seattle-based Flexe, which provides software that allows retailers to optimize their supply chains, raised a $119M Series D at a $1B+ valuation (Taylor Soper/GeekWire)

Taylor Soper / GeekWire: Seattle-based Flexe, which provides software that allows retailers to optimize their supply chains, raised a $119M Series D at a $1B+ valuation  —  The news: Flexe is the latest to join Seattle’s unicorn club.  The 9-year-old company just raised a $119 million Series D round to push its valuation past $1 […]

Cybersecurity and privacy firms, many of which raised hundreds of millions, have laid off ~1,400 workers since May; OneTrust axed 950, Lacework laid off 200 (David Uberti/Wall Street Journal)

David Uberti / Wall Street Journal: Cybersecurity and privacy firms, many of which raised hundreds of millions, have laid off ~1,400 workers since May; OneTrust axed 950, Lacework laid off 200  —  Security startups hunker down and stockpile cash as they prepare for a bear market  —  Companies that help businesses battle hackers …

A look at Intel’s plan to spend €17B building a chipmaking factory in Magdeburg, Germany, and what it means to the city, which has struggled after reunification (Jillian Deutsch/Bloomberg)

Jillian Deutsch / Bloomberg: A look at Intel’s plan to spend €17B building a chipmaking factory in Magdeburg, Germany, and what it means to the city, which has struggled after reunification  —  This article is the fourth in an occasional series about the New Geography of Technology.

Physicists see electron whirlpools for the first time

Though they are discrete particles, water molecules flow collectively as liquids, producing streams, waves, whirlpools, and other classic fluid phenomena. Not so with electricity. While an electric current is also a construct of distinct particles — in this case, electrons — the particles are so small that any collective behavior among them is drowned out […]

Charting the landscape at MIT

Norman Magnuson’s MIT career — culminating in his role as manager of grounds services in the Department of Facilities for the past 20 years — started in 1974 with a summer job. Fresh out of high school and unsure of his next step, Magnuson’s father, Norman Sr., a housing manager at MIT, encouraged him to […]

As crypto markets tumbled, strict US regulatory rules on risky bank assets largely insulated Wall Street from the chaos, while retail investors were hit hard (Emily Flitter/New York Times)

Emily Flitter / New York Times: As crypto markets tumbled, strict US regulatory rules on risky bank assets largely insulated Wall Street from the chaos, while retail investors were hit hard  —  As cryptocurrency prices plunged and funds failed, strict rules on risky assets helped Wall Street companies sidestep the worst.

The UK’s CMA launches an antitrust investigation into Microsoft’s Activision Blizzard acquisition, setting a September 1 deadline for its initial decision (Ryan Browne/CNBC)

Ryan Browne / CNBC: The UK’s CMA launches an antitrust investigation into Microsoft’s Activision Blizzard acquisition, setting a September 1 deadline for its initial decision  —  – It marks one of the first probes by a major antitrust enforcer into the $68.7 billion deal, which was announced in January.