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Daily News Brief for Monday, July 11th, 2022

Daily News Brief for Monday, July 11th, 2022

FromDaily News Brief


Daily News Brief for Monday, July 11th, 2022

FromDaily News Brief

ratings:
Length:
12 minutes
Released:
Jul 11, 2022
Format:
Podcast episode

Description

Happy Monday everyone, this is Garrison Hardie with your CrossPolitic Daily News Brief for Monday, July 11th, 2022. Before we get into what you may have missed over the weekend, this is just a reminder that our conference is just 4 months away!
 
FLF Conference Plug:
This year it’s happening in Knoxville TN, October 6-8! Don't miss beer & psalms, our amazing lineup of speakers which includes George Gilder, Jared Longshore, Pastor Wilson, Dr. Ben Merkle, Pastor Toby, and we can’t say yet…also dont miss our awesome vendors, meeting new friends, and stuff for the kids too…like jumpy castles and accidental infant baptisms! Also, did you know, you can save money, by signing up for a Club Membership. So, go to FightLaughFeast.com and sign up for a club membership and then register for the conference with that club discount. We can’t wait to fellowship, sing Psalms, and celebrate God’s goodness in Knoxville October 6-8. 
 
So, here’s what you may have missed over the weekend: 
 
https://www.foxbusiness.com/business-leaders/twitter-lawyers-sue-elon-musk-broken-deal-report
 
Twitter lawyers up to sue Elon Musk over broken buyout deal:
 
Twitter has retained the services of a heavyweight merger law firm to sue Tesla CEO Elon Musk for moving to drop his $44 billion takeover of the company, according to a report.
 
The company has hired Wachtell, Lipton, Rosen & Katz LLP to represent it in a forthcoming suit, Bloomberg reported Sunday. Bloomberg cited sources who declined to be identified due to the private nature of the matter.
 
A law firm representing the Tesla CEO sent a letter to Twitter on Friday, alleging that it appears "to have made false and misleading representations" when Musk agreed to buy the company on April 25 and has "breached" multiple provisions of the initial agreement.
 
Musk's team has raised concerns with "spam bots" on the platform, and the Tesla CEO has threatened to walk away from the deal if the company fails to show that less than 5% of its daily active users are automated spam accounts. 
 
Musk has argued that Twitter significantly underestimated the number of these "spam bots" on its service. Last month, Twitter offered Musk access to its "firehose" of raw data on hundreds of millions of daily tweets, according to multiple reports at the time, though neither the company nor Musk confirmed this.
 
Twitter said it removes 1 million spam accounts each day in a call with executives Thursday during a briefing that aimed to shed more light on the company's fake and bot accounts.
 
Twitter said on the call that the spam accounts represent well below 5% of its active user base each quarter. Private data, which isn't available publicly and thus not in the data "firehose" that was given to Musk, includes IP addresses, phone numbers and location. Twitter said such private data helps avoid misidentifying real accounts as spam.
 
Neither SpaceX nor Tesla nor Twitter immediately responded to FOX Business' request for comment Sunday.
 
A receptionist for Wachtell, Lipton, Rosen & Katz declined to confirm or deny the report.
 
More from our booming economy:
 
https://www.foxbusiness.com/lifestyle/us-postal-service-rate-increases-takes-effect-sunday
 
US Postal Service rate increases takes effect Sunday
 
The next time you mail through the United States Postal Service (USPS), it's going to cost you extra.
 
The USPS' rate hike, upping First-Class Mail prices by 6.5%, took effect Sunday, according to the agency. When the USPS made its announcement in April it noted that the 6.5% increase would still be below inflation, which is sitting at a rate of 8.6%. 
 
However, this likely won't be the last increase from the USPS.
 
In May, Postmaster General Louis DeJoy said Americans should get used to "uncomfortable" postage rate increases in coming years as the U.S. Postal Service seeks to become self-sufficient.
 
The Postal Service Board of Governors sets postage rates, but DeJoy said he’ll advocate for raising prices until "we have
Released:
Jul 11, 2022
Format:
Podcast episode

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Daily News Brief