Hey Waivly Crew! 🌊 Elon Musk has withdrawn his $44 billion bid to acquire Twitter due to “false and misleading representations.” Revuto is offering lifetime subscriptions to Netflix and Spotify via NFTs.
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Elon Musk pulls out of $44B deal to buy Twitter
Elon Musk is attempting to walk away from his agreed $44 billion deal to acquire Twitter.
In a Friday afternoon filing with the Securities and Exchange Commission (SEC), Musk’s lawyers said he is terminating the deal because of “false and misleading representations” by Twitter.
“For nearly two months, Mr. Musk has sought the data and information necessary to ‘make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform,’” his legal team wrote. “Twitter has failed or refused to provide this information.”
Despite his attempted termination, Twitter still intends to close the deal. Twitter board chairman Bret Taylor wrote that the company would “pursue legal action to enforce the merger agreement” and feels “confident we will prevail” in court.
This news doesn’t come as a surprise, as in May, Musk said the deal was "temporarily on hold" after the social media platform reported that spam accounts comprised less than 5 percent of its 226 million daily active users.
The billionaire asked for evidence to prove this claim, but in the letter filed with the SEC, Musk’s lawyer stated Twitter instead refused to give any information and misled Musk about the genuine numbers.
Revuto offers lifetime Netflix and Spotify membership via NFTs
Croatian startup Revuto has announced a new subscription model for Netflix and Spotify, using an NFT solution.
Revuto plans to offer a lifetime digital subscription for Netflix and Spotify via “Revolution NFTs”. Starting today, a total of 10,000 interested users will get the chance to purchase the unique subscription model.
Revulution NFTs will also be available on exchanges, creating a unique secondary market where anyone can purchase NFTs with unused subscription periods for specific services at a discount.
Holders of Revulution NFTs will receive a Revuto Virtual Debit Card to subscribe to either Netflix or Spotify. Revuto will then top up the card to pay for that subscription as long as there’s a subscription period left.
Once the user sells their NFT, Revuto will deactivate their virtual debit card and provide the new owner with a virtual debit card to use with the account for the same service.
Vedran Vukman, CEO and cofounder of Revuto, said: “Based on the feedback we received from our 350,000 active and verified users, we have decided to give the community exactly what they have asked for – a solution that guarantees a stable subscription fee, that they can share with their friends or family members in a simple and straightforward way. Moreover, in case they are not using the service, the users can simply get their money back or even profit from selling the NFTs. We wish to enable everyone to efficiently manage their subscriptions and, eventually, to make the digital subscription market fairer and more equitable.”
The sale will kick off on Revuto’s website at 12 pm CET on July 11. NFTs will be listed for $349 and be available to buy with either fiat (credit, debit cards) or cryptocurrency.
The Waves
😨 Celsius Network lost $350M of client funds
💵 Aave proposes to launch a USD-pegged stablecoin
🚫 Yam Finance safeguards $3.1M treasury from governance attack
📅 Grayscale legal officer says Bitcoin ETF litigation could take two years
NFT Special
My Jewish perspective is a handmade rare collection that shows the beauty of the Jewish religion. With each NFT, there is a thought-out description with deep, meaningful inspiration. The goal of this project is to expand and build a strong community.
EWOKAI TEMITA, which started in 2021, is a project that has begun to move with hope in the possibilities of art. Pursuing a wide range of genres and various art styles, EWOKAI TEMITA aims to bring the joy of art to the world.
Sidney Roffe is a series of artworks based on a passage from a novel written by the artist. The NFT collection explores and endeavours to perceive how we, as a society, are blindsided to the more important issues of modern-day life, whether this is by design, accident, or imposition.
Own and secure your crypto with Ledger
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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.
The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
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