Daily Crunch: Musk wants out of his $44 billion Twitter deal

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Jet lag and post-COVID fatigue, Haje is back, joining Christine in bringing you some great bits of tech news in this same newsletter. Plus, hearsay (and the timeline) suggests it could be Friday. If this almost unverifiable rumor is in fact true, then have a delightful weekend. — Christine and Haje

Top TechCrunch… 4 Friday Musk News Discharge: We had the newsletter ready to go, but as it happens late on a Friday, there is breaking news. And again, it's about Elon Musk. The CEO of numerous companies, and the apparent father of a new set of twins with an executive from one of those companies, has decided to terminate his agreement to buy Twitter. But Twitter didn't really have it and said as much in its one-paragraph, two-sentence response to the news. This is a developing story, so keep your eyes here for the latest. Please check: This is such a well-done story by Kyle that details the downfall of Butler Hospitality, which raised $50 million last year. Then it ran into several challenges that ended with the company essentially renting the hotel kitchen space to others to operate as a ghost kitchen, laying off hundreds of people and not unable to meet its commitments. Well, isn't that a jolt to the senses: there can be many reasons why someone doesn't invest in an electric car, but Tim's story today suggests that a big reason is not enough trust in the public charging infrastructure. It's a legitimate fear, really, because that 600-mile journey is going to end badly if there isn't a reliable, fast place to hook up along the way. The hunt for EV charging is on: where Tim's story was about EV chargers in general, another featured story for today was Jaclyn, who wrote that the White House wants to expand charging capabilities and that Elon Musk is on the case, working to expand Tesla's Supercharger network. Startups and VCs

Coalition, a San Francisco-based startup that combines cyber insurance and proactive cybersecurity tools, is preparing to expand outside the United States for the first time after a $250 million Series F mega round that brings its valuation to $5 billion, Carly reports.

We also particularly enjoyed Connie's interview with Sequoia Capital's Jess Lee, regarding his new Arc program, and whether or not he is a Y Combinator competitor. “We are really looking for founders who want to build long-term, transformational, category-defining businesses…that are carving out a new market for themselves. There's no one we would exclude, but it's more about ambition," Lee shares.

Our money doesn't shake, it bends:

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