Breaking Archives - Science and Nerds https://scienceandnerds.com/tag/breaking/ My WordPress Blog Mon, 13 Jun 2022 14:47:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 203433050 Squid Game season two is finally, officially announced for Netflix https://scienceandnerds.com/2022/06/13/squid-game-season-two-is-finally-officially-announced-for-netflix/ https://scienceandnerds.com/2022/06/13/squid-game-season-two-is-finally-officially-announced-for-netflix/#respond Mon, 13 Jun 2022 14:47:17 +0000 https://scienceandnerds.com/2022/06/13/squid-game-season-two-is-finally-officially-announced-for-netflix/ Source: Squid Game is officially coming back to Netflix for season two. According to a message from director Hwang Dong-hyuk, the second season will see the return of Gi-hun and the mysterious Front Man. The note also states “the man in the suit with ddakji might be back,” and that we’ll also get introduced to […]

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Source: https://www.theverge.com/2022/6/12/23164831/netflix-squid-game-s2-hwang-dong-hyuk


Squid Game is officially coming back to Netflix for season two. According to a message from director Hwang Dong-hyuk, the second season will see the return of Gi-hun and the mysterious Front Man. The note also states “the man in the suit with ddakji might be back,” and that we’ll also get introduced to Cheol-su, Young-hee’s boyfriend.

“It took 12 years to bring the first season of ‘Squid Game’ to life last year. But it took 12 days for ‘Squid Game’ to become the most popular Netflix series ever,” Hwang writes. “As the writer, director, and producer of ‘Squid Game,’ a huge shout out to fans around the world. Thank you for watching and loving our show… Join us once more for a whole new round.”

The renewal occurs despite the shift in Netflix’s fortunes since the show originally debuted. While Squid Game has been a massive worldwide hit, in April Netflix reported its first drop in subscribers in 10 years. That was quickly followed by layoffs and a reported tightening of production budgets practically across the board. Netflix is also focused on limiting password sharing, and has told employees it will launch ad-supported streaming by the end of this year.

The Korean series became Netflix’s biggest series ever at launch. Last year, Hwang said that he was in the “planning process” of developing season two, while Netflix co-CEO Ted Sarandos said, “the Squid Game universe has just begun.” In other words, we all pretty much knew season two was coming, but now it’s official.

It’s unclear when exactly season two will make its debut — or if it’s even finished yet. In an interview with Vanity Fair, Hwang told the outlet he could see the next season of Squid Game coming out by the end of 2023 or 2024, and will feature more diabolical games. So if you were hoping to see what sort of trouble Gi-hun gets wrapped up in next, you might have to wait a year or two.



Source: https://www.theverge.com/2022/6/12/23164831/netflix-squid-game-s2-hwang-dong-hyuk

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Twitter will appoint Elon Musk to its board of directors https://scienceandnerds.com/2022/04/05/twitter-will-appoint-elon-musk-to-its-board-of-directors/ https://scienceandnerds.com/2022/04/05/twitter-will-appoint-elon-musk-to-its-board-of-directors/#respond Tue, 05 Apr 2022 15:12:36 +0000 https://scienceandnerds.com/2022/04/05/twitter-will-appoint-elon-musk-to-its-board-of-directors/ Source: Twitter is appointing Tesla CEO Elon Musk to its board of directors, according to a filing with the US Securities and Exchange Commission. Musk will serve as a class II director until 2024. This is a type of position that can be used as an anti-takeover measure. In a pair of tweets, Twitter CEO […]

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Source: https://www.theverge.com/2022/4/5/23011256/elon-musk-twitter-board-of-directors-ownership


Twitter is appointing Tesla CEO Elon Musk to its board of directors, according to a filing with the US Securities and Exchange Commission. Musk will serve as a class II director until 2024. This is a type of position that can be used as an anti-takeover measure.

In a pair of tweets, Twitter CEO Parag Agrawal confirmed Musk’s new role on the board. He called Musk “both a passionate believer and intense critic of the service” and said he would “bring great value to our Board.” Musk responded via Twitter saying he looks forward “to making significant improvements to Twitter in coming months!”

“The Company will appoint Mr. Musk to the Company’s Board of Directors (the “Board”) to serve as a Class II director with a term expiring at the Company’s 2024 Annual Meeting of Stockholders,” the filing says. “For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.”

On Monday, Musk announced via an SEC filing that he’d purchased a 9.2 percent stake in Twitter, despite his complaints about free speech on the platform. Musk’s acquisition makes him the largest individual shareholder in the company. Shortly after making that disclosure, Musk polled followers about creating an “edit” button. Agrawal replied by tweeting “the consequences of this poll will be important,” and he warned users to “vote carefully.”

Jack Dorsey, the former CEO of Twitter, expressed that he’s “happy” that Musk is joining the Twitter board, citing that “he cares deeply about our world and Twitter’s role in it.” Dorsey stepped down as CEO in November 2021 but will still remain on the board until sometime in May.

As noted by CNBC, Musk’s investment could set off more issues with the SEC. The SEC requires anyone with more than a 5 percent stake in the company to disclose their purchase within 10 days. Musk first acquired the shares on March 14th, 2022, and didn’t reveal that information until April 4th, 2022 — 21 days after the fact. According to CNBC, the SEC’s fines for this kind of violation typically aren’t exorbitant (for the world’s richest man at least), and tend to waver around the $100,000 mark.

Another issue could relate to the way he announced the stock purchase, with a Schedule 13G filing instead of selecting the more complicated 13D. The difference is that anyone acquiring more than 5 percent of a company’s shares is required to register it, and according to Investopedia, the 13D form includes asking about plans “involving a merger, reorganization, or liquidation of the issuer or any of its subsidiaries.” The simpler 13G form does not ask those questions, however. It’s intended for use when investors “have no intention of influencing control of the issuer,” and taking a board seat suggests that isn’t the case. Improperly filing the forms could result in a fine from the SEC.

Musk has butted heads with the SEC several times over the content in his tweets. In 2018, the SEC sued Musk for tweeting he had “funding secured” to take Tesla private. A judge later ordered an attorney to approve Musk’s tweets before he publishes them. The SEC is currently investigating Musk for his tweet polling users whether to sell 10 percent of his Tesla shares.

Update April 5th, 10:17AM ET: Added information regarding Musk’s SEC filing.



Source: https://www.theverge.com/2022/4/5/23011256/elon-musk-twitter-board-of-directors-ownership

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Twitter will appoint Elon Musk to its board of directors https://scienceandnerds.com/2022/04/05/twitter-will-appoint-elon-musk-to-its-board-of-directors-2/ https://scienceandnerds.com/2022/04/05/twitter-will-appoint-elon-musk-to-its-board-of-directors-2/#respond Tue, 05 Apr 2022 15:12:36 +0000 https://scienceandnerds.com/2022/04/05/twitter-will-appoint-elon-musk-to-its-board-of-directors-2/ Source: Twitter is appointing Tesla CEO Elon Musk to its board of directors, according to a filing with the US Securities and Exchange Commission. Musk will serve as a class II director until 2024. This is a type of position that can be used as an anti-takeover measure. In a pair of tweets, Twitter CEO […]

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Source: https://www.theverge.com/2022/4/5/23011256/elon-musk-twitter-board-of-directors-ownership


Twitter is appointing Tesla CEO Elon Musk to its board of directors, according to a filing with the US Securities and Exchange Commission. Musk will serve as a class II director until 2024. This is a type of position that can be used as an anti-takeover measure.

In a pair of tweets, Twitter CEO Parag Agrawal confirmed Musk’s new role on the board. He called Musk “both a passionate believer and intense critic of the service” and said he would “bring great value to our Board.” Musk responded via Twitter saying he looks forward “to making significant improvements to Twitter in coming months!”

“The Company will appoint Mr. Musk to the Company’s Board of Directors (the “Board”) to serve as a Class II director with a term expiring at the Company’s 2024 Annual Meeting of Stockholders,” the filing says. “For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.”

On Monday, Musk announced via an SEC filing that he’d purchased a 9.2 percent stake in Twitter, despite his complaints about free speech on the platform. Musk’s acquisition makes him the largest individual shareholder in the company. Shortly after making that disclosure, Musk polled followers about creating an “edit” button. Agrawal replied by tweeting “the consequences of this poll will be important,” and he warned users to “vote carefully.”

Jack Dorsey, the former CEO of Twitter, expressed that he’s “happy” that Musk is joining the Twitter board, citing that “he cares deeply about our world and Twitter’s role in it.” Dorsey stepped down as CEO in November 2021 but will still remain on the board until sometime in May.

As noted by CNBC, Musk’s investment could set off more issues with the SEC. The SEC requires anyone with more than a 5 percent stake in the company to disclose their purchase within 10 days. Musk first acquired the shares on March 14th, 2022, and didn’t reveal that information until April 4th, 2022 — 21 days after the fact. According to CNBC, the SEC’s fines for this kind of violation typically aren’t exorbitant (for the world’s richest man at least), and tend to waver around the $100,000 mark.

Another issue could relate to the way he announced the stock purchase, with a Schedule 13G filing instead of selecting the more complicated 13D. The difference is that anyone acquiring more than 5 percent of a company’s shares is required to register it, and according to Investopedia, the 13D form includes asking about plans “involving a merger, reorganization, or liquidation of the issuer or any of its subsidiaries.” The simpler 13G form does not ask those questions, however. It’s intended for use when investors “have no intention of influencing control of the issuer,” and taking a board seat suggests that isn’t the case. Improperly filing the forms could result in a fine from the SEC.

Musk has butted heads with the SEC several times over the content in his tweets. In 2018, the SEC sued Musk for tweeting he had “funding secured” to take Tesla private. A judge later ordered an attorney to approve Musk’s tweets before he publishes them. The SEC is currently investigating Musk for his tweet polling users whether to sell 10 percent of his Tesla shares.

Update April 5th, 10:17AM ET: Added information regarding Musk’s SEC filing.



Source: https://www.theverge.com/2022/4/5/23011256/elon-musk-twitter-board-of-directors-ownership

The post Twitter will appoint Elon Musk to its board of directors appeared first on Science and Nerds.

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