Elon Musk said he would "need to reconsider" his position as a Twitter shareholder if the company rejects his proposed $43B takeover offer. Musk has offered to buy Twitter outright for $54.20 per share, according to an SEC filing made public Thursday. In the past year, the stock has traded anywhere from $31.30 to $73.34. More: - Musk, who recently bought a 9.2% stake in the company, making him the largest shareholder, is expected to sell all his shares if the offer is declined.
- After acquiring the stake, Musk accepted a seat on Twitter's board of directors but later turned down the position. The move fueled speculation that Musk could offer to buy the entire company.
- In the SEC filing made public on Thursday, Musk wrote that he invested in Twitter because he believes "in its potential to be the platform for free speech around the globe," adding that "free speech is a societal imperative for a functioning democracy."
- The filing cites a letter in which Musk told Twitter's chairman: "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder."
- Twitter shares rose 9% to $49.90 in premarket trading Thursday.
- On Tuesday, a Twitter shareholder sued Musk in a federal securities class action lawsuit, saying he failed to disclose he had a stake greater than 5% within the appropriate time period, as required by the SEC.
BUSINESS INSIDER 
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Chipmaker Taiwan Semiconductor Manufacturing Co. said production capacity will remain tight this year and the company can't keep up with demand. The Apple supplier and the world’s largest contract chipmaker said supply chain disruptions triggered by the pandemic have put constraints on its suppliers. It still expects its second-quarter revenue to be 37% higher than the same time last year. More: - On Thursday, the company reported Q1 net profit of 202.73 billion Taiwan dollars ($7B), a 45% increase from the same period last year. Its revenue grew 36% YoY to $17.5B.
- TSMC expects revenue in the range of $17.6B to $18.2B in Q2, a 37% jump from the same period a year before.
- The company forecasts continued growth, particularly in the high-performance computing (HPC) segment, which is expected to be its main revenue driver. Its chips for HPC are used in CPUs, GPUs, and self-driving vehicles.
- TSMC, which supplies chips to Apple, Nvidia, and AMD, among others, said the worldwide chip shortage will likely continue.
- The company said it's now working alongside chip equipment suppliers to address delivery constraints. It's planning to beef up production from next year.
REUTERS
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Amazon will impose its first fuel and inflation surcharge on third-party sellers that use its fulfillment services. The average 5% surcharge, which is not permanent, is expected to be passed down to consumers amid soaring gas prices and inflation. More: - Close to 90% of Amazon's third-party sellers use Fulfillment by Amazon to warehouse and ship their products.
- Starting April 28, Amazon will begin charging an average of 24 cents more for every unit it stores and ships through the service in the U.S.
- In a message to merchants, Amazon said it has absorbed significant cost increases, whenever possible, to lower the impact on selling partners.
- The company expected a return to normalcy in 2022, "but fuel and inflation have presented further challenges," it said.
- On Tuesday, the Labor Department said that the U.S. consumer price index, a measure of inflation, reached 8.5% in March, its highest increase since December 1981. Gasoline prices are up 48% from the prior year.
BLOOMBERG
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 An NFT of Twitter founder Jack Dorsey’s first-ever tweet has failed to garner high offers at an auction on OpenSea. Crypto entrepreneur Sina Estavi bought the NFT for $2.9M in 2021. He hoped to sell it for roughly $48M, but his highest offer as of Thursday was around $10,000. More: - Dorsey sold the NFT, or non-fungible token, in March 2021 for 1630.5825601 ETH (Ether), worth roughly $2.9M at the time.
- It was one of the highest prices paid for an NFT at the time. Dorsey pledged to donate his cut, or 95% of the proceeds, to nonprofit GiveDirectly's Africa response
- The buyer, Estavi, announced in a tweet last week that he intended to re-sell the NFT and donate half the proceeds ($25M or more) also to GiveDirectly.
- He initially sought $48M, but removed that price after initial offers were only in the low hundreds of dollars.
- As of Thursday, the highest offer was 3.3 ETH, worth about $10,048. That offer expires on April 21.
- Estavi, who lives in Malaysia and is CEO of blockchain company Bridge Oracle, was recently released from prison in Iran, where he was arrested during a trip last May on charges of “disrupting the economic system.”
COINDESK
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 TikTok said it's testing a private "dislike" button that would allow users to flag comments they consider "irrelevant or inappropriate." The dislike would only be visible to the person who registered it, and won't be shared with the person who posted the comment. More: - In a blog post on safety and community guidelines enforcement, TikTok said it designed the button to help users maintain control of their interactions.
- The feedback will add to other TikTok features to "help keep the comment section consistently relevant and a place for genuine engagement," it said.
- A screenshot of the button was posted on Twitter. It shows a thumbs down icon directly to the right of the heart "like" button.
- The testing is in select regions outside the U.S. TikTok said it will decide whether to roll out the feature on a wider basis "in the coming weeks."
Zoom-out: - On a related note, TikTok users can already dislike videos to signal to the app what content they're not interested in, improving their algorithmic feed results.
- In November, YouTube made its public dislike counts private in an effort to combat "dislike mobs." Creators can still view the metric privately.
TECHCRUNCH
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Meta wants to release its first full augmented reality glasses in 2024, according to a product roadmap detailed by The Verge. The glasses are considered part of Mark Zuckerberg's pivot toward the metaverse and related hardware as the company moves away from its beginnings as a social media platform. More: - Meta first announced the AR glasses project, called "Nazare," at the Connect 2021 conference in October. It did not reveal a working prototype, but showed off the concept in a short “simulated” clip.
- The glasses, which would impose digital images onto views of the real world, would be followed up by a lighter design in 2026 and a third-generation version in 2028.
- Per The Verge, the initial glasses would resemble thick black frames and weigh 100 grams, about 4x more than traditional glasses.
- A wireless puck would power the glasses, which are expected to have a battery life of around 4 hours.
- In addition, Meta wants to bundle the glasses with a planned neural wristband that would control them and other hardware.
- Given the high price of components, the first release is geared more toward developers and early adopters, according to The Verge.
THE VERGE
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 |  | Beth is a writer and analyst at Inside.com covering artificial intelligence and daily tech news. Since starting work at Inside, she has covered various topics including virtual reality, drones, and e-commerce. Prior to that she was a public policy and investigative reporter for The Arizona Republic, where she won a Pulitzer Prize nomination and First Amendment Award for reporting on the rising costs of pensions. Reach her at Beth.Duckett@inside.com. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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