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Twitter shareholders approve $44bn Musk deal

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Elon Musk Vows Not To Take COVID-19 Vaccine

Elon Musk’s offer to buy Twitter for $44 billion (£38 billion) was approved by a majority of Twitter’s shareholders.

The choice was taken during a brief conference call that the company’s San Francisco headquarters held with investors.

This indicates that Twitter will now pursue legal action to compel Elon Musk to acquire the business.

The conference came after Peiter Zatko, the former chief of security at Twitter, gave shocking testimony before the US Senate.

Twitter and Elon Musk, the richest man in the world, reached an agreement in April to sell the firm.

The agreement soured, however, because Mr. Musk claimed Twitter misled him about the volume of spam and bot accounts using the service.

In May, he stated that he no longer desired to buy the company, but Twitter claims that Mr. Musk cannot cancel the agreement.

Less than 5% of the social media platform’s monetizable daily active users (those who can view advertisements) are bots, according to the company. According to Mr. Musk, it might even be much higher.

Twitter is presently valued at $32 billion, which is far less than Mr. Musk’s $44 billion offer.

The outcome of today’s vote might have put an end to Twitter’s legal action, but now that shareholders have approved it, the corporation is free to sue Elon Musk.

In October, the two are scheduled to appear before a Delaware state court. During the hearing a judge will decide whether or not Mr Musk has to buy the company.

Pieter Zatko, a Twitter whistleblower, appeared before the Senate Judiciary Committee in Washington just before the shareholder decision to testify about purported security issues.

He said the company was “misleading the public” about how secure the platform is. He was addressing US senators.

Twitter was “a decade behind” security standards, according to the company’s former chief of security. Twitter argues that the charges are false and that Mr. Zatko was sacked from his position.

Although he didn’t go into detail on Tuesday, Mr. Zatko has previously backed Elon Musk’s assertion that the network has more spam and false accounts than it has acknowledged.

A judge ruled last week that the Twitter whistle-evidence blower’s might be used in court by Mr. Musk’s attorneys.

It was mostly concerned with matters of national security and had little to do with Elon Musk’s attempt to back out of the acquisition of Twitter.

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Vendease, closes $30 million Series A round to expand services to more restaurants

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In order to link food businesses with suppliers, Wale Oyepeju, Gatumi Aliyu, Olumide Fayankin, and Tunde Kara launched Vendease in 2019.

However, the business quickly encountered other hurdles, such as slow delivery times and problems with quality control.

To handle the flow of food supplies from one point of production to the point of consumption, the business started working on a full payment, logistics, storage, and inventory management system.

By utilizing data, lowering waste, and boosting profitability, Vendease enhances business operations throughout the value chain.

According to the business, their “digital procurement engine” makes it simpler for restaurants in eight locations across Nigeria and Ghana to purchase food supplies at rates markedly lower than those found on the open market, with a 12-hour delivery guarantee.

Additionally, Vendease’s clients can obtain working cash through its Buy Now, Pay Later program, maximizing their chances for expansion.

According to the business, its platform has witnessed a threefold increase in users and a fivefold increase in revenue over the past year.

Through its incorporated finance offering, users have also gotten access to approximately $12 million in inventory.

The funding will make it possible for the company to serve more establishments. Additionally, it will expand its food companies throughout Africa and develop fresh products and services to spur development along the entire food value chain.

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Ted Lasso and Richmond FC Make FIFA23

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The upcoming Fifa 23 will allow gamers to play as characters from the popular TV sitcom Ted Lasso.

The newest iteration of the game will feature several fictional AFC Richmond players as well as their manager, who sports a moustache.

Jason Sudeikis, the creator and star of the Apple TV show, called the decision a “dream come true.”

In a brand-new, external trailer that EA Sports released, the characters were introduced.

Additionally, Fifa 23 will be the first version of the game to include female club teams.

Since the release of its first complete season on Apple TV in 2020, Ted Lasso has been one of the platform’s major success stories.

It follows a foolish US sports coach as he tries to save a fictitious English team’s season.

Sudeikis expressed his enthusiasm for the partnership between his program and Fifa in a statement.

“Our cast and crew work tremendously hard on this show, and we are flattered that it resonates with so many folks,” he said.

“We look forward to our fans having the opportunity to play with, play as, and even play against their favourite AFC Richmond characters.”

Two-time Emmy winner Brett Goldstein, who plays AFC Richmond player Roy Kent, jokingly said it would be a chance to extend his character’s on-screen fight with Jamie Tartt into the online world.

“I look forward to beating my nephew in a game with me as Roy Kent and him as Jamie Tartt. He’s gonna be furious,” the actor said.

The titular character played by Sudeikis can be chosen to manage AFC Richmond as well as other teams.

Similar to that, supporters will be able to select or invent a new manager to take charge of AFC Richmond.

Nelson Road, the home field of AFC Richmond, as well as well-known series characters Kent, Tartt, Sam Obisanya, and Dani Rojas will all appear in the game.

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Report: Over $2 billion Raised by 383 Nigerian Tech Firms in the Past Seven Years

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According to a report, 383 Nigerian tech startups raised a total of $2 billion in funding between January 2015 and August 2022, more than any other nation in Africa during that time.

This information was revealed in a recent report by Disrupt Africa, a research platform that covers news on African digital companies, titled “The Nigerian Startup Ecosystem Report 2022.”

Based on information gleaned from a list of 481 Nigerian digital firms, the report charts the expansion and growth of that country’s startup ecosystem from 2015 through August 2022.

According to the survey, South Africa, Egypt, Kenya, and Nigeria make up the “big four” startup ecosystems in Africa.

“Between 2015 and 2022, 383 tech startups raised a combined $2,068,709,445 a higher total than any other country,” the report said.

According to the report, as of August 2022, 107 Nigerian firms have raised money, making up about one-third of all funded startups on the continent this year.

According to the report, the nation’s running total for 2022 is $747.9 million, which is very close to the previous year’s yearly record total of $793.8 million.

It said that earlier this year, the largest round in history was also held in Nigeria.

“Fintech Flutterwave netted a $250 million Series D round, reflecting both the enhancing maturity of the Nigerian ecosystem and its prowess in the fintech space,” it said.

With at least 481 startups active across the country as of August 2022, Lagos leads the way with no fewer than 425 – 88.4 per cent of the startups tracked by the report based out of the city.

“Capital city Abuja comes a poor second with just 23 ventures, while activity is also in evidence in 13 other locations,” the report said.

According to the report, a total of 173 of the startups tracked (36 per cent) are fintech ventures, almost three times more than its nearest challenger.

“That is e-commerce and retail tech, which account for 12.1 per cent of Nigerian tech startups, with e-health and ed-tech coming in third and fourth respectively.

“There is, however, an extremely diverse range of activity across the ecosystem, with ventures active across areas as diverse as recruitment, mobility, logistics, agri-tech, entertainment, marketing, prop-tech, legal-tech, waste management and auto-tech,” it said.

The report said only 75 – 15.6 per cent of Nigerian tech startups have at least one woman within their founding team which means the country is more diverse in this regard than Egypt and South Africa.

However, the report said this figure is still far too low for a leading ecosystem such as this.

It said out of 481 startups tracked, 217 companies have taken part in either a local or an international accelerator or incubator, with this 45.1 per cent figure better than the 38.6 per cent witnessed in Egypt and far outstripping the 25.7 per cent rate seen in South Africa.

“Nigerian startups employ a combined total of 19,334 people, dwarfing the 11,340 employed by their counterparts in South Africa.

“The average headcount per startup stands at 40. The fintech sector accounts for almost half of Nigerian startup employment, with 8,653 jobs, while between them the fintech, e-commerce, mobility and logistics, and e-health spaces account for 74.9 per cent of all jobs,” it said.

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