Elon Musk is purchasing Twitter. After months of publicly toying with the idea, the world’s richest man successfully negotiated a deal to buy the social media platform for $44 billion.
On Monday, Musk gave a statement with a short list of goals for the platform, many of which he has recently floated to his 83 million followers on Twitter. “Free speech is the bedrock of…
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Alibaba Group Holding Ltd. unveiled a new server chip that’s based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency.
The Chinese tech giant’s newest chip is based on micro-architecture provided by the SoftBank Group Corp.-owned Arm Ltd., according to a statement Tuesday. Alibaba, which is holding its annual clou…
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Amazon.com Inc. wants Federal Trade Commission Chair Lina Khan recused from any matters involving the company because of her history criticizing the online retailer as a threat to competition.
Amazon filed a request with the agency on Wednesday, arguing that Khan should be barred from handling enforcement decisions involving the company, according to documents obtained by Bloomberg News.<…
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It took exactly one year for Sam Bankman-Fried to transform from beloved billionaire entrepreneur to convicted felon.
On Nov. 2, a New York jury found Bankman-Fried guilty on all seven counts he was charged with by the Department of Justice, including defrauding customers and investors of his crypto exchange FTX. Bankman-Fried, the jurors decided, was part of a conspiracy to extract more …
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Elon Musk’s vision of taking the guardrails off Twitter Inc.’s content moderation is lauded by free speech absolutists, but it risks creating a free-for-all that alienates advertisers and leaves regular users subject to abuse.
Musk lobbed his $43 billion takeover offer for Twitter with the intent of unlocking its potential to be the “platform for free speech around the g…
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How much your burger costs you might soon depend on when you’re hungry.
In a recent earnings call, Wendy’s, the second-la…
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Meta Platforms Inc., the owner of Facebook and Instagram, said it will freeze hiring and restructure some teams in an effort to cut costs and shift priorities, putting an end to the social media giant’s years of rapid growth and expansion.
Chief Executive Officer Mark Zuckerberg announced the company’s freeze on Thursday during a weekly Q&A session with employees, accordin…
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In one sense, Seoul Mayor Oh Se-hoon has got it easy. The international boom of South Korean “K-culture” exports like pop groups BTS and Blackpink, and even dystopian hits like Squid Game and Parasite, have done more to market his beguiling city of 10 million than any Madison Avenue publicity campaign could.
But that doesn’t mean Oh is sitting back. The 62-year-old…
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JPMorgan Chase & Co. and Deutsche Bank AG were accused of enabling the sexual abuse of Jeffrey Epstein in a New York class action lawsuit.The two lawsuits, filed separately in a New York court, said the banks had “knowingly benefited and received things of value for assisting, supporting, facilitating, and otherwise providing the most critical service for the Jeffrey Epstein sex traff…
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YouTube Chief Executive Officer Susan Wojcicki is stepping down from the role after nine years running the Google video division, handing the reins to top lieutenant Neal Mohan.
Wojcicki said in a blog post that she planned to “start a new chapter” focused on her family, health and personal projects. She’ll also take an advisory role, working across Google and parent Alp…
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