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Twitter shareholders sue Elon Musk and Twitter over chaotic deal

Getty Images| Lightrocket | Getty Images TwitterElon Musk and Twitter are being sued by shareholders for their handling of the chaotic acquisition process. This has led to volatility in Twitter’s stock prices. The Tesla and SpaceX CEO revealed a significant stake in Twitter on April 4, and ten days later proposed a buyout for $44 billion, or $54.20 […]

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Twitter settles after feds claim it used 2FA info to target ads

Musk had been expected to join Twitter’s board, however, Musk informed Twitter on Saturday that the richest man in the world would not be joining the board. Andrew Burton | Getty Images News | Getty Images TwitterA $150 million settlement was reached with the Department of Justice & Federal Trade Commission regarding alleged misrepresentations of […]

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Ukraine takes over former party hub Russia House

A picture exhibit illustrating alleged Ukrainian war crimes is on display at the “Russian Warcrimes House”. The organizers hope that this exhibition will assist the Davos elite in making future war-related decisions. Fabrice Coffrini | AFP | Getty Images DAVOS, Switzerland — The war in Ukraine is top of the agenda at the World Economic […]

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Snap warning shocks digital media stocks; Facebook, Pinterest drop

Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media corporations have been already having a tough yr from the cutback in digital advert spending brought on by rising inflation, provide chain challenges and the battle in Ukraine. Forecasts for the second quarter referred to as for meager development at finest, […]

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Snap dives 32% and it’s dragging other stocks down with it

Snap Inc.’s co-founder, Evan Spiegel is the chief executive officer. He spoke at the Virtual Google Pixel Fall Launch Event in New York Tuesday, October 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plummeted 32% in pre-market. It set Snap up for its worst ever day, and was a drag on other […]

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Nokia CEO says 6G will arrive by 2030 and AR glasses will overtake phone

Mehdi Bennis, an associate professor at University of Oulu (Finland), is a researcher on 6G. CNBC| CNBC Nokia CEO Pekka Linmark anticipates that mobile 6G networks will be up and running by the end if the decade. However, he isn’t optimistic about the smartphone being the “most common interface” at the time. Lundmark spoke on […]

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IMF head says stablecoins not backed by assets are a pyramid, hinting at UST

DAVOS, Switzerland — Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSDAnd lunaThat sent shockwaves through cryptocurrency markets. A stablecoin is a cryptocurrency which aims to track an asset. The case for TerraUSD or UST, […]

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Meta CEO Zuckerberg sued over Cambridge Analytica privacy scandal

District of Columbia Attorney General Karl Racine announced a civil suit against extremist groups, the Proud Boys, and Oath Keepers over the Jan. 6 attack at the U.S. Capitol. The attack occurred in Washington on December 14, 2021. Jonathan Ernst | Reuters District of Columbia Attorney General Karl Racine is representing the plaintiffs MetaMark Zuckerberg, […]

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Bitcoin (BTC) could fall to $8,000, a 70% drop: Guggenheim’s Minerd

Scott Minerd is Chairman Investments and Global Chief Investment officer, Guggenheim Partners. He spoke at the Milken Institute Global Conference, Beverly Hills, California on May 2, 2022. AFP – Getty Images| AFP | Getty Images BitcoinGuggenheim chief Investment Officer Scott Minerd said Monday that it could plunge further to $8,000 and then fall again from […]

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How Musk’s Twitter takeover plans shook Wall Street and social media

Elon Musk has many hats TeslaSpaceX CEO CEO, CEO of Boring Company, founder of Neuralink and Neuralink. A prolific writer, he is also. Twitter user. Wall Street and social media were shocked to hear that Musk offered $44 billion for Twitter in order to purchase the company and become its CEO. In an interview with […]