Tesla and SpaceX CEO Elon Musk made a bid on Thursday to take Twitter private for $54.20 per share, or around $43 billion in cash, after rejecting a proposal of a board seat. Musk’s offer, which is 18 percent higher than the last closing price, is under consideration, the board said. Adam Candeub, law professor…
Twitter Shareholders Face Tough Choice After Elon Musk’s Takeover Bid
April 14, 2022
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Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitter shareholdersTwitter shares
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S&P 500, Nasdaq Set for Muted Open After Mixed Bank Earnings; Twitter Jumps
The S&P 500 and the Nasdaq were set to open lower on Thursday, following mixed earnings from a slew of Wall Street lenders on the last day of a holiday-shortened week, while Twitter shares jumped after billionaire Elon Musk’s takeover offer. Twitter Inc jumped 6.4 percent in premarket trading after Tesla Inc. CEO Elon Musk…
Amazon Adding 5 Percent ‘Fuel and Inflation Surcharge’ to US Seller Fees as Inflation Soars
Amazon announced on April 13 that it will add a five percent “fuel and inflation surcharge” to seller fees in the United States in an effort to offset its rising costs as inflation levels soar across the country. The e-commerce giant said the new surcharge will go into effect on April 28 and will apply to sellers…
Elon Musk Offers to Buy Twitter and ‘Unlock’ Its Potential for Free Speech
April 14, 2022
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Business & EconomyCompanieseconomyElon MuskInvestmentMedia & Big TechSocial MediatakeoverTechTech NewsTwitterUSUS News
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Elon Musk has made an offer to buy “100 percent of Twitter” for around $43 billion, according to a regulatory filing, with the tech mogul saying he wants to actualize the company’s “extraordinary potential” to become a true platform for free speech. Musk offered to buy out Twitter for $54.20 per share in cash, according…
MSNBC’s ‘Rachel Maddow Show’ to Air on Mondays Only Starting in May
MSNBC anchor Rachel Maddow announced this week that she will begin appearing on air on Monday nights only beginning in May as she scales back her duties on the channel. The anchor returned to “The Rachel Maddow Show” on April 11 following a two-month-long hiatus where she announced the newly updated schedule to viewers. “I…
Google to Invest $9.5 Billion in US Offices, Data Centers This Year
Alphabet Inc.’s Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska, and Virginia. The…
Ark’s Wood Remains Bullish on Tesla as US Recession Fears Rise
NEW YORK—Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S. recession and shutdowns of the car maker’s Shanghai factory due to spiking coronavirus cases. “What we said during COVID about innovation solving problems will move into overdrive,” she told a webinar,…
Meta to Start Testing Money-Making Tools for Its Metaverse
Facebook owner Meta Platforms is beginning to test tools for selling digital assets and experiences within its virtual reality platform Horizon Worlds, a key part of its plan for creating a metaverse, it said on Monday. The tools will be available initially to a handpicked set of users who are creating virtual classes, games, and…
Israeli Spyware Maker NSO Group Asks SCOTUS for Sovereign Immunity
April 12, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesFacebookFeatured TopicsJudiciaryMedia & Big TechMiddle EastNSO GroupSupreme CourtTechTech NewsUSWhatsappWorld
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Israeli spyware developer NSO Group is urging the Supreme Court to recognize it as a foreign government agent, a move it says would give it immunity under U.S. laws restricting lawsuits against foreign countries. NSO’s leading software product, Pegasus, allows operators to clandestinely surveil a suspect’s mobile phone—access contacts and messages, as well as the…
BBC Guide Says Parents Should Check If White Children Have Black or Brown Friends Over For Playdates
According to a BBC’s early-years guidance on race, white mums or dads are being asked to “examine their biases” if their toddler only has white friends over. The BBC’s Tiny Happy People website was launched in 2020 as a resource aimed at developing children’s communication and language skills. However, its section on talking about race…
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