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  • Trending on the Ticker

  • Twitter ($22.8B market cap) acquires adtech firm CrossInstall; terms undisclosed; CrossInstall offers interactive mobile ad services; it will continue to operate as a standalone unit - Link

  • Telegram cancels plans for its blockchain network TON; follows claims by the SEC that Telegram’s $1.7B ICO in 2018 was illegal; the agency had secured multiple injunctions against the project; under the terms of its ICO, Telegram had to offer refunds to those who purchased its GRAM tokens if the network did not launch by April 30 - Link

  • Alameda County, CA, says Tesla can reopen its Fremont factory as soon as next week if it implements additional safety measures; officials note they have been in contact with the company to discuss a plan for reopening; follows legal action by Tesla and complaints by Elon Musk - Link

    Tesla is fully resuming operations at its Gigafactory in NV, reports The Verge; the company previously told staff that activity would be limited during the state’s initial phase of reopening; its HR team has since told employees they will be notified of a return-to-work date imminently - Link

    TX Governor Greg Abbott says he has spoken with Musk about moving Tesla’s HQ to the state; Abbott notes Musk voiced his dissatisfaction with CA during their conversation; Musk suggested over the weekend Tesla could transfer its operations to TX - Link

  • Some Apple staff will return to their offices soon, according to Bloomberg sources; the company will bring workers back in phases with the first batch said to be individuals who cannot work from home, or those facing challenges doing so; the report indicates employees may not have to be at offices full time - Link

  • This Week in Startups: AMA with Cameron Teitelman

    StartX and Nexus Events Founder Cameron Teitelman answers live questions from the This Week in Startups founder community on Slack; topics include how universities with no entrepreneurial culture can mimic Stanford, building flexible and sustainable culture during the lockdown, scaling Nexus Events, more - Link