The U.S. Securities and Exchange Commission asked Tesla CEO Elon Musk for more details related to his Twitter deal, regarding the $44 billion purchase that he recently attempted to pull out of, according to a new regulatory filing issued Thursday. On May 13, Musk wrote that the Twitter deal was “temporarily on hold” after the…
Federal Agency’s Letter to Elon Musk Questions Tweet About Twitter Deal
Twitter Back Up for Many Users After Global Outage
Twitter was coming back online on Thursday after an hour-long outage kept thousands of users across the globe from accessing the social media website. The outage affected nearly 2,000 users as of 9 a.m. ET, down from the peak of 50,000 incidents an hour earlier, according to outage tracking website Downdetector.com. The incident comes days…
Twitter Staff Attrition Rises as Elon Musk Refuses to Back Golden Handcuffs Scheme to Retain ‘Tweeps’
Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent. “Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers…
Twitter Exodus Continues Amid Buyout Battle with Elon Musk
Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent. “Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers…
Rivian to Address Layoffs at Friday Meeting, Tesla to Cut 229 Jobs
Electric truck maker Rivian Automotive will brief employees on Friday on potential layoffs and plans to suspend some programs as part of a broader restructuring, Chief Executive R.J. Scaringe said in an email sent to employees on Monday evening. Separately, electric-car maker Tesla Inc will permanently shut its office in San Mateo, California, and will…
Troops’ Use of Beijing-Based TikTok Poses Security Risk, Regulator Testifies
July 14, 2022
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Business & MarketsCCPChinaCompaniesMedia & Big TechmilitaryNational SecuritytechnologyTikTokUSUS News
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The use of the Beijing-based TikTok app by U.S. military service members on their personal phones poses a risk to U.S. national security, a Federal Communications Commission (FCC) official has said. Most American service members fail to see TikTok as a national security threat, Commissioner Brendan Carr told a House hearing on protecting service members and…
Military’s Use of Beijing-Based TikTok Poses Security Risk, FCC Commisssioner Testifies
July 14, 2022
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Business & MarketsCCPChinaCompaniesMedia & Big TechmilitaryNational SecuritytechnologyTikTokUSUS News
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The use of the Beijing-based TikTok app by U.S. military service members on their personal phones poses a risk to U.S. national security, a Federal Communications Commission (FCC) official has said. Most American service members fail to see TikTok as a national security threat, Commissioner Brendan Carr told a House hearing on protecting service members and…
Semiconductor Crunch Becomes a Glut Amid Slowdown in Demand, Hoarding
July 14, 2022
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Business & MarketsCompanieseconomyMarketsMedia & Big Techsemiconductor stockssupply chain issuesTechTech NewsUS
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The semiconductor crunch, which has haunted the electronics and car industry since the start of the pandemic, has now become a glut, as demand for chips slows and companies start to horde chips. The two-year pandemic had caused a severe supply chain shortage of computer chips for manufacturers of computers, smartphones, and cars. In three…
Semiconductor Crunch Becomes a Glut In Some Sectors Amid Slowdown in Demand, Hoarding
July 14, 2022
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Business & MarketsCompanieseconomyMarketsMedia & Big Techsemiconductor stockssupply chain issuesTechTech NewsUS
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The semiconductor crunch, which has haunted the electronics and car industry since the start of the pandemic, has now become a glut in some sectors, as demand for chips slows and companies start to hoard chips. The two-year pandemic had caused a severe supply chain shortage of computer chips for manufacturers of computers, smartphones, and…
Federal Judge Orders Biden Administration to Cooperate in Social Media Collusion Lawsuit
July 13, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesEric SchmittFeatured TopicsFirst AmendmentHunter BidenHunter Biden's laptopJudiciaryMedia & Big TechSocial Issuessocial media censorshipUSUS News
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A federal judge ordered the Biden administration on July 12 to comply with information requests in a lawsuit brought by Missouri and Louisiana officials about alleged federal government collusion with social media companies to suppress important news stories in the name of fighting so-called misinformation. The lawsuit could help bring to light the Biden administration’s…
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