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. The tech billionaire’s legal team alleged in a July 15 filing (pdf) in a Delaware court that Twitter…
Elon Musk Seeks to Block Twitter Request for Expedited Trial
July 16, 2022
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Business & MarketsCompaniesElon MuskExpeditedMedia & Big TechmergerSocial MediaTechtrialTwitterUSUS News
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Elon Musk filed a motion on Friday opposing Twitter Inc.’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial in two months should be…
Judge in Twitter v. Musk Once Made Rare Ruling: Ordering a Deal to Close
The judge overseeing Twitter Inc.’s $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor or chief judge of the Court of…
Twitter Reinstates Doctor It Suspended for Sharing Study That Shows Pfizer Vaccine Impacts Semen
Twitter reinstated a doctor it recently suspended for sharing a study that showed Pfizer’s COVID-19 vaccine impacts semen. Dr. Andrew Bostom was informed late July 14 that access to his account was restored. “After further review, we have unsuspended your account as it does not appear to be in violation of the Twitter Rules,” the…
US Online Sales During Amazon’s Prime Day Jump to $12 Billion: Report
U.S. online sales during Amazon.com Inc.’s Prime Day shopping event jumped 8.5 percent from last year to nearly $12 billion, as inflation-hit Americans pounced on discounted essentials and electronics, showed data from Adobe’s Digital Economy Index. Amazon said on Thursday the two-day shopping event, on July 12 and 13, was its biggest ever globally, with…
Twitter Suspends Pro-Abortion Group Publicizing Justices’ Home Addresses
July 15, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesCrime and IncidentsFeatured TopicsJudiciaryjusticesMedia & Big TechRuth Sent UsSupreme CourtUSUS News
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After two months of protests outside the homes of conservative justices, Twitter suspended on Thursday the activist group that had leaked their residential addresses. Ruth Sent Us, a pro-abortion group named after the late liberal Justice Ruth Bader Ginsburg, publicized in May a map containing the locations of the six GOP-appointed Supreme Court justice’s residences…
House GOP Lawmakers Launch Investigation Into TikTok’s Data Sharing Practice in China
July 15, 2022
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Business & MarketsBytedanceCathy McMorris RodgersChinaCompaniesInfiltrating the WestJames ComerMedia & Big TechSpecial TopicstechnologyThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Two senior GOP House lawmakers are probing popular Chinese video-sharing app TikTok over concerns that its non-public user data could be accessed by its China-based parent company ByteDance, which has ties to the Chinese Communist Party (CCP). “TikTok has gone on record numerous times claiming that they do not share Americans’ user data with the…
Twitter Says It Is Not Planning Big Layoffs
Twitter Inc. is not looking at company-wide layoffs but could likely continue to restructure the business, the social media company said in a filing on Wednesday. The filing comes a day after Twitter sued Tesla Inc. Chief Executive Elon Musk for violating his $44 billion deal to buy the company and asked a Delaware court…
Groundbreaking Judge Will Oversee Twitter’s Lawsuit Against Musk
WILMINGTON, Del.—The first female chief judge on Delaware’s nationally known business court will oversee Twitter Inc’s lawsuit that seeks to hold Elon Musk to his agreement to buy the social media platform for $44 billion, according to court records. Kathaleen McCormick took over the role of chancellor, or chief judge, last year after the retirement…
US Lawmakers Look to Carve Off Chips Funding to Speed Passage: Raimondo
July 15, 2022
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WASHINGTON—U.S. Secretary of Commerce Gina Raimondo said on Wednesday that lawmakers appear to be moving to carve off $52 billion in semiconductor chips manufacturing subsidies from a larger bill on boosting U.S. competitiveness with China. “Things seem to be coalescing around the path of chips, or maybe chips plus a thing or two, and getting…
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