Business

Twitter, Elon Musk Set for Unprecedented Legal Battle Over Deal Collapse

Two sides expected to battle over $44 billion deal in Delaware court

By Editors Desk

Twitter says it will sue Elon Musk after he sends letter seeking to end $44B acquisition deal

Tesla CEO's lawyer cites not enough data from Twitter on 'fake or spam accounts'

By Editors Desk
Pinterest CEO steps down, Google executive to take over in e-commerce push

Social-media company hopes a new CEO will inspire users to spend and investors to buy

By Editors Desk
CAA Acquires ICM Partners in $750 Million Deal

The top assets ICM is bringing to the table are its books and sports divisions as well as a few top showrunners such as Shonda Rhimes, Vince Gilligan and Bill Lawrence.

By Editors Desk

Latest Business

Tesla is laying off workers who only just started and withdrawing employment offers as Elon Musk's job cuts begin

One manager said Tesla threatened to cut off health insurance if he refused the severance package.

3 years ago

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Editors Desk

Elon Musk announced in June Tesla's headcount would increase. Patrick Pleul/Getty Images

Apple store workers vote to form first US union

Workers at an Apple store in Maryland have voted to unionise, forming the tech giant's first retail union in the United States.

3 years ago

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Editors Desk

Panic as bitcoin falls off a cliff

It’s dark times for bitcoin traders as the token continues to slip to levels so low two crypto exchanges paused all transactions in a scramble to survive.

3 years ago

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Editors Desk

Bitcoin is in free fall, prompting drastic measures from crypto exchanges.

Meta Scrutinizing Sheryl Sandberg’s Use of Facebook Resources Over Several Years

Review focuses on the extent to which staffers worked on her personal projects

3 years ago

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Editors Desk

Sheryl Sandberg announced last week she would be leaving her role as chief operating officer of Facebook parent Meta Platforms. PHOTO: PHILIPPE WOJAZER/REUTERS

Twitter set to comply with Elon Musk demand for data on fake accounts

Network ready to provide stream of daily data after world’s richest man threatened to pull out of $44bn purchase if Twitter refused

3 years ago

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Editors Desk

Elon Musk warned he might walk away from Twitter if it fails to provide the data on spam and fake accounts he seeks. Photograph: Dado Ruvić/Reuters

‘RESISTING AND THWARTING’: Elon Musk drops $61b bombshell

Elon Musk’s lawyer has published a letter that threatens to derail a massive deal – and it all comes down to fake bots.

3 years ago

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Editors Desk

Elon Musk’s deal to buy Twitter is hanging in the balance (Photo by Ryan Lash / TED Conferences, LLC / AFP)

Biogen CEO Michel Vounatsos to Step Aside After Alzheimer’s Drug Struggles

Company says it will eliminate the sales infrastructure for Aduhelm, saving $500 million annually

3 years ago

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Editors Desk

Biogen said CEO Michel Vounatsos would continue to lead the company and remain on its board while it searches for a new CEO. PHOTO: HANDOUT/REUTERS

Elon Musk sells $5.6 billion in Tesla shares after Twitter deal

Elon Musk has undertaken a mass sell-off in the days after making headlines for the approval of his $60 billion takeover of Twitter.

3 years ago

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Editors Desk

Tesla chief executive Elon Musk has sold about $5.6 billion in shares in the electric car company in the days after his Twitter takeover was approved. Picture: Christian Marquardt – Pool/Getty Images

Angry Netflix staff flood social media after being laid off amid streamer’s financial woes

Disgruntled former Netflix employees have taken to social media to lash out at the streaming giant after they were laid off amid the company’s financial problems.