Twitter Rescinded Job Offer Points to Turmoil as Musk Deal Nears

The “current situation” at Twitter is not good. But first...

Today’s must-reads:

• Embattled payments startup Bolt is cutting one-third of staff, or 250 people
• A new crypto fund from Andreessen Horowitz is the industry’s largest ever
• Jack Dorsey has officially exited Twitter’s board

The saga of a Twitter almost-employee

Last Thursday, a tech worker in Palo Alto woke up in the morning thinking that in just four days, he’d start his dream job. The man had recently accepted an offer from Twitter Inc. for a media partnerships position based out of an office in Mexico.

In preparation for the new gig, he ...