Washington Post:
A profile of Alex Spiro, a celebrity lawyer and central figure in Elon Musk’s bid to overhaul Twitter, who has done much of the legal heavy lifting so far — Alex Spiro went from representing Jay-Z to participating in one of the biggest technology company overhauls in years.
Kathryn Tewson / Techdirt:
Hands-on with DoNotPay, a service claiming to be the first robot lawyer: slow, drafted a terrible defamation demand letter, missed legal issues, and more — Note: This post is an adaptation of what started initially as a Twitter thread. — I’ve been going pretty hard on DoNotPay …
Washington Post:
Source: Elon Musk plans to lay off 25% of Twitter’s workforce in the coming days, focusing on sales, product, engineering, legal, and trust and safety — The first round of layoffs, led by his lawyer Alex Spiro, will target 25 percent of the workforce — SAN FRANCISCO …
Amitoj Singh / CoinDesk:
The Reserve Bank of India plans to begin testing its CBDC on November 1, with nine banks participating, and a retail version by the end of November — A pilot for a retail version will start within a month. — India’s central bank will introduce a pilot wholesale central bank digital currency …
Manish Singh / TechCrunch:
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points — European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
Malathi Nayak / Bloomberg:
Donald Trump’s lawyer says a lawsuit against Twitter over banning his account is ongoing and Trump does not plan to withdraw the appeal, complicating his return — Elon Musk has tweeted that Donald Trump will be reinstated on Twitter, but the former president isn’t backing down in his legal fight …
Axios:
Elon Musk’s proposal to proceed with his Twitter bid for $54.20/share hinges on receiving debt financing and the end of all legal actions related to the deal — Elon Musk has offered to proceed with a $44 billion buyout of Twitter, according to a letter his lawyer sent to Twitter’s legal team that was submitted to regulators Tuesday.
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