🤖 How Elon Musk Won Twitter

Today’s pick

How Elon Musk Won Twitter. Elon Musk became the new owner of Twitter on Monday, after completing a stunning $44 billion takeover of the social media platform, ending a process that has vacillated between a done deal and dead in the water in the last three weeks. (Chris Stokel-Walker / WIRED)

Chris Stokel-Walker @stokel

Three stories on the big news of the day: first, for @WIRED, a tick tock on how we got to Elon Musk buying Twitter - and how the next days and weeks could play out

wired.comHow Elon Musk Won TwitterHis weeks-long pursuit of the company has resulted in a $44 billion deal. But how did it happen, and what the hell comes next?

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Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts. Fidelity Investments plans to allow investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to do so. Employees won't be able to start adding cryptocurrencies to their nest eggs right away, but later this year… (Anne Tergesen / Wall Street Journal)

Adam Nash @adamnash

This is surprisingly aggressive for @Fidelity, but an incredible endorsement for Bitcoin $BTC. Up to 20% allocation in 401k plans! 🤯 marketwatch.com/story/fidelity…

marketwatch.comFidelity to allow investors to put bitcoin in their 401(k) accountsFidelity’s move comes a month after the Labor Department expressed concerns about including cryptocurrencies in retirement plans.

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Are America's Biggest Cities Shrinking or Booming? Pop quiz: What do the metros of New York City, Los Angeles, Chicago, Miami, Boston, Seattle, San Francisco, San Diego, Minneapolis–St. Paul, Philadelphia, and Washington, D.C., have in common? They are all among the 20 largest metropolitan… (Derek Thompson / The Atlantic)

Derek Thompson @DKThomp

America’s largest, densest, and richest places are suddenly shrinking, according to the Census. Since 2018: - In every urban county within NYC, LA, DC, and SF, immigration declined by at least 50% - Net moves out of Manhattan have increased 10x theatlantic.com/newsletters/ar…

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New York judge holds Donald Trump in contempt for failing to comply with subpoena of business documents. A New York judge held former President Donald Trump in contempt of court on Monday for failing to comply with a subpoena for business documents related to an investigation by the state attorney general's… (Dan Mangan / CNBC)

Scott McGrew @ScottMcGrew

New York judge holds Donald Trump in contempt for failing to comply with subpoena of business documents

cnb.cxNew York judge holds Donald Trump in contempt for failing to comply with subpoena for business documentsDonald Trump will have to pay $10,000 a day as a result of the contempt order, until he produces documents sought by New York Attorney General Letitia James.

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Inflation Got You Down? At Least You Don't Live in Argentina. Shopkeeper Jonathan Faez has a word of advice to people around the world obsessing about inflation: Chill out. “I have friends in the United States and Spain and they're telling me they're going crazy with their annual… (Silvina Frydlewsky / Wall Street Journal)

Juan Forero @WSJForero

Argentines have developed strategies to cope with rising prices and the falling value of the peso. It’s a bit like the old “Dr. Strangelove” classic about nuclear war, with a twist: “How I Learned to Stop Worrying and Love Hyperinflationary Policies.” wsj.com/articles/infla…

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— Jose Montes de Oca

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