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Without restaurants, bars or festivals, Austin's cottage industry of influencers gets creative

A laid-off service industry worker gets a free meal at Old Thousand thanks to Hundred For Hospitality, a local fund created by influencer Jane Ko. (Jane Ko)

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Last month, in an attempt to limit the spread of COVID-19, Austin Mayor Steve Adler canceled South by Southwest and ordered the closure of all restaurants and bars in the city. While generally praised for his decision, Adler essentially shut down the city's hospitality industry at a time when it usually sees its highest sales.

Since then, many restaurants have pivoted to curbside delivery and selling bulk staples. But others have laid off staff or closed permanently. Cottage industries built around the city's dining scene have also been deeply impacted.

"I'm not making income," said Jane Ko, who runs the Austin food and travel blog A Taste of Koko. "I lost all of my projects, too."

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.