U.S. stock indexes bounced on Tuesday after data showed consumer prices rose largely in line with estimates, taking pressure off megacap growth and technology stocks that were hammered by expectations of aggressive U.S. interest rate hikes. The Dow Jones Industrial Average rose 104.4 points, or 0.30 percent, at the open to 34412.51. The S&P 500…
Musk Proposes Twitter Blue Subscription Shake-Up
Elon Musk, Twitter Inc.’s biggest shareholder, on Saturday suggested a raft of changes to the social media giant’s Twitter Blue premium subscription service, including slashing its price, banning advertising, and giving an option to pay in the cryptocurrency dogecoin. Twitter Blue, launched in June 2021, is Twitter’s first subscription service and offers “exclusive access to…
Analysis: The Twitter Board Rule That Could Explain Why Elon Musk Isn’t Joining
A week after his addition to the Twitter board became a major market story, Elon Musk is once again back in the spotlight. What Happened On Sunday night, Twitter Inc CEO Parag Agrawal announced the Tesla Inc CEO would not be joining the social media platform’s board of directors. The announcement comes after it was revealed Musk had…
German Newspaper Hires Russian Anti-War Protestor
April 11, 2022
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Business & EconomyCompaniesDie WeltEuropeGermanyMarina OvsyannikovaMedia & Big TechRussiaRussia-Ukraine WarWorld
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The German newspaper Die Welt has hired a new reporter: the Russian journalist Marina Ovsyannikova, who drew the world’s attention after a surprising stunt on Russian state television in protest of her native country’s recent and continuing invasion of Ukraine. Ovsyannikova “is now a freelance correspondent for Die Welt, reporting from Ukraine and Russia, among other places,”…
Twitter Bans Clinton Accuser Juanita Broaddrick: Company
April 11, 2022
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Big Tech, Censorship, and SocialismBill ClintonBusiness & EconomyCompaniesFeatured TopicsMedia & Big TechPoliticsRepublicansTwitterUSUS News
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Juanita Broaddrick, a woman who accused former President Bill Clinton of sexual assault, was blocked from using Twitter over the weekend after making a post about a COVID-19 vaccine, according to the company. Broaddrick had amassed hundreds of thousands of followers on the social media website after she again made headlines in 2016 for criticizing…
Nasdaq Slides 1 Percent as Surging Yields Hit Growth Stocks
The Nasdaq fell more than 1 percent on Monday, leading Wall Street’s main indexes lower, as rising bond yields weighed on megacap stocks such as Microsoft and Apple with investors on edge ahead of Tuesday’s inflation data. Shares of Microsoft Corp., Apple Inc., and Nvidia Corp. fell between 1.9 percent and 4.1 percent as the…
Twitter Shares Fall After Musk’s Board Membership Reversal
April 11, 2022
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Business & EconomyCompanieseconomyElon MuskInvestmentMedia & Big TechSocial MediaTechTech NewsTwitter sharesUSUS News
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Twitter shares fell nearly 4 percent in pre-market trading on April 11 after a surprise announcement by the company’s CEO that Elon Musk would not, in fact, become a member of the social media giant’s board of directors. “Elon has decided not to join our board,” Twitter CEO Parag Agrawal announced in a tweet late…
Elon Musk Turns Down Twitter Board Seat, CEO Tweets ‘This Is for the Best’
April 11, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured Topicsfree speech concernsMedia & Big TechTechTech NewsTwitterUSUS News
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In a surprise announcement, Elon Musk turned down a seat on Twitter’s board of directors, according to a recent post by the company CEO, while speculations abound on the rejection as Musk was increasingly vocal about bringing about changes on the platform. After buying up enough stock that made him the biggest shareholder in the…
Elon Musk Turns Down Twitter Board Seat, CEO Says ‘This Is for the Best’
April 11, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured Topicsfree speech concernsMedia & Big TechTechTech NewsTwitterUSUS News
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In a surprise announcement, Elon Musk turned down a seat on Twitter’s board of directors, according to a recent post by the company CEO, while speculations abound on the rejection as Musk was increasingly vocal about bringing about changes on the platform. After buying up enough stock that made him the biggest shareholder in the…
Microsoft Says It Disrupted Attempted Hacks by Russian Spies
Microsoft Corp. said on Thursday it had disrupted hacking attempts by Russian military spies aimed at breaking into Ukrainian, European Union, and American targets. In a blog post, the tech firm said a group it nicknamed “Strontium” was using seven internet domains as part of an effort to spy on government bodies and think tanks…
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