Elon Musk recently questioned whether short video app TikTok is leading to the collapse of civilization, following a new report that alleged the China-owned platform had obtained private U.S. user data. “Is TikTok destroying civilization?” the billionaire said on June 17 via Twitter. “Some people think so,” his post reads, offering no further explanation. The…
Elon Musk Calls out TikTok Over ‘Civilization’ Risk
June 19, 2022
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2 Analysts Share Insights Into Elon Musk’s All-Hands Meeting
Elon Musk met with Twitter Inc. employees on Thursday for the first time since he launched an offer for the social media platform, wherein he discussed a host of issues. Musk Wants to Move Forward, Munster Says The fact that Musk is finding time to talk with Twitter employees is evidence that he does want to move forward,…
Elon Musk Mulls Spacex-Like Pay Structure for Twitter Staff
Tesla Inc CEO Elon Musk clarified how Twitter Inc employees would receive compensation and benefits after his takeover of the social media platform. What Happened Musk interacted with Twitter employees on Thursday. He was asked how he compensates employees at privately held SpaceX and what approach he plans to take at Twitter after he closes his deal, according to a transcript of the interaction published by…
Google’s Russian Subsidiary Submits Bankruptcy Declaration: Ifax
The Russian subsidiary of Alphabet’s Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. “The Russian authorities’ seizure of Google Russia’s bank account has made…
Apple to Offer ‘Buy Now, Pay Later’ Service
Apple Inc. is planning to offer buy now, pay later (BNPL) services in the United States despite concerns of a potential market squeeze as more providers have a crack at the sector amid growing consumer borrowing and spending. Apple intends to launch its BNPL offering later in 2022 through its Apple Pay mobile payment and digital wallet service….
Elon Musk Addresses Crypto Scams and Payments in Twitter Staff Meeting
Tesla Inc. CEO Elon Musk addressed cryptocurrency scams and payments in his interaction with Twitter Inc. employees Thursday. What Happened The entrepreneur said, “There’s quite a lot of crypto scams on Twitter. It’s gotten better, but there’s still a fair bit of that,” according to a transcript of the interaction published by Vox. Musk said…
Elon Musk Hit With $258 Billion Lawsuit Over Alleged Dogecoin Pyramid Scheme
A Dogecoin investor sued Elon Musk in a class-action lawsuit for $258 billion on June 17 for allegedly running a pyramid scheme to support the cryptocurrency. The plaintiff, Keith Johnson, accused the billionaire CEO of Tesla Inc and SpaceX in a complaint filed in U.S. District Court in Manhattan of using “his pedestal as World’s Richest man…
Russian Court Fines Google $260,000 for Breaching Data Rules
June 17, 2022
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A Moscow court on Thursday said it had fined Alphabet’s Google 15 million rubles ($260,000) for repeatedly failing to comply with a Russian law requiring technology companies to localize user data. Russia has issued multiple fines to foreign technology companies in recent years over a range of infringements, in what critics say is Moscow’s attempt…
Musk Appeals Ruling That Upheld Securities Fraud Settlement
DETROIT—Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk’s tweets claiming that he had the funding to take Tesla private in 2018. Musk’s lawyer Alex Spiro filed a notice of appeal Wednesday with the federal appeals court in Manhattan. No grounds were stated, and a full…
Elon Musk Tells Twitter Staff He’ll Allow ‘Pretty Outrageous’ Tweets in Leaked Video
A portion of billionaire tech entrepreneur Elon Musk’s call with Twitter employees was released Thursday, with the Tesla CEO saying that he believes “people should be allowed to say pretty outrageous things” as long as it’s legal. “So I think people should be allowed to say pretty outrageous things that are in the bounds of…
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