The confidence of U.S. citizens in American newspaper and television news has fallen to all-time lows, according to a survey conducted by Gallup, between June 1 and 20. Only 16 percent of respondents have “quite a lot” or “a great deal” of confidence in newspapers, according to the poll. When it comes to television news,…
Americans’ Trust in Media Falls to Record Low: Gallup Survey
July 20, 2022
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Netflix Continues Subscriber Losses but Beats Expectations
Netflix’s second-quarter financial results on July 19 revealed a continued loss in subscribers, albeit less than anticipated by both the streaming giant and investors. Netflix lost 970,000 subscribers (pdf) in the second quarter amid increased competition from other streaming services, account sharing, sluggish economic growth and other factors such as the impacts of Russia’s war in Ukraine, the…
4 Reasons Why This Analyst Says Twitter Has a Legal Edge Over Elon Musk
The Twitter Inc. vs. Elon Musk legal showdown has begun after the social media platform’s filed a lawsuit against Musk in the Delaware court of Chancery. Twitter has a 60 percent chance of winning a court order to enforce a take-private deal by Musk, according to Bloomberg Intelligence Litigation analyst Matthew Schettenhelm, who said he expects the…
Judge Sets Trial Date for Elon Musk Legal Battle With Twitter
July 19, 2022
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Business & MarketsCompaniesElon MuskElon Musk Twitter DealJudiciaryMedia & Big TechSocial MediaTechTwitterUSUS News
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Elon Musk suffered a defeat in the first legal square-off between the world’s richest man and Twitter. Kathaleen McCormick, the chancellor of the Court of Chancery in Delaware who presided over the hearing, ordered that a 5-day trial take place in October 2022. The date is about a month later than the September 2022 expedited…
Judge in Elon Musk’s Twitter Lawsuit Gets COVID-19 as Trial Set to Kick Off
The judge overseeing Twitter’s lawsuit against Elon Musk said in a letter that she has tested positive for COVID-19 but that a hearing in the case will proceed virtually. Judge Kathaleen McCormick said that the July 19 hearing in Delaware’s Court of Chancery on Twitter’s request to expedite its case against Musk will not be…
Twitter Lawsuit Against Elon Musk Set for Tense First Hearing as Sides Clash Over Trial Timetable
Twitter and Elon Musk are set to square off in a Delaware court for the first time on Tuesday in a hearing that will likely see the two sides wrangle over the trial timetable. The judge overseeing Twitter’s lawsuit against Musk said in a letter that she has tested positive for COVID-19 and that a…
Twitter, Musk Square Off in Court Over Bid for Fast-Track Trial
WILMINGTON, Del.—Twitter Inc.’s showdown with Elon Musk over his $44 billion takeover faces its first test on Tuesday, when a judge will weigh the company’s bid for a fast-tracked trial which it says it needs to ensure deal financing doesn’t come unraveled. The San Francisco-based company is seeking to resolve months of uncertainty for its…
Twitter Claims Elon Musk’s Case for Delaying Trial ‘Fails at Every Level’
July 19, 2022
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Business & MarketsCompaniesElon MuskElon Musk TwitterElon Musk Twitter DealJudiciaryMedia & Big TechTechTech NewsUSUS News
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In the latest episode of the Elon Musk Twitter saga, Twitter has pushed back on the electric car head’s request for a trial held in February 2023, claiming the billionaire’s request “fails at every level,” according to a Monday court filing. “Musk offers no reason to think discovery must be so expansive that a trial…
What’s Going on Between Elon Musk and Dish Network CEO? ‘Ergen Is Trying to Steal the 12GHz Band’
Tesla, Inc. CEO Elon Musk has locked horns with Dish Network Corporation’s Charlie Ergen. What Happened Ergen is trying to steal the 12 Gigahertz bandwidth spectrum meant for space internet, Musk said in a late Friday tweet. “Not cool,” he added For the unversed, the Federal Communications Commission recently granted SpaceX’s request for the 12…
Elon Musk Fires Back at Twitter’s ‘Warp Speed’ Trial Request
Billionaire tech mogul Elon Musk has fired back at Twitter’s request for an expedited trial in a lawsuit that seeks to force the Tesla CEO to follow through with his bid to buy the social media giant for $44 billion. Musk’s legal team alleged in a July 15 filing (pdf) in a Delaware court that…
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