Technology
Twitter says Musk’s request to terminate the deal is invalid
Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Twitter said Monday in a letter that Elon Musk’s bid to terminate his proposed $44 billion acquisition of the social media company is “invalid and wrongful.” The letter, addressed to Musk’s lawyers, followed the Tesla CEO’s […]
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From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it
As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its […]
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You can test Apple’s big new iPhone update now, here’s how
Apple iOS 16 Source: Apple Apple released the first public beta version for iOS 16 on Monday. That means anyone with an iPhone 8 or newer can try an early version of the next big update for the iPhone, which is expected sometime this fall alongside new iPhone models. IOS 16 will let users customize iPhone’s […]
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Uber lobbied, used ‘stealth’ tech to block scrutiny, report says
A driver uses the Uber app to drop off a passenger. Chris J. Ratcliffe | Bloomberg via Getty Images As Uber aggressively pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws, used a “kill switch″ to thwart regulators and law enforcement, channeled money through Bermuda and […]
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Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” […]
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8 ways the Elon Musk-Twitter saga could end
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, May 2, 2022. Andrew Kelly | Reuters In the latest twist in the Elon Musk-Twitter saga, the world’s richest man told the social media company he no longer intends […]
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Twitter shares sink 7% in premarket trading after Elon Musk terminates $44 billion deal
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares sank sharply in early premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the company. Shares of […]
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U.S. health laws don’t always protect abortion information, but new bills could fill the gaps
A journalist reports near a crowd of abortion-rights activists in front of the U.S. Supreme Court after the Court announced a ruling in the Dobbs v Jackson Women’s Health Organization case on June 24, 2022 in Washington, DC. Nathan Howard | Getty Images The Supreme Court’s decision to overturn Roe v. Wade last month raised […]
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Elon Musk faces long legal war with Twitter, which has the upper hand, as he abandons deal
Billionaire Elon Musk on Friday moved to back out of his $44 billion deal to buy Twitter, citing continued disagreements over the number of spam accounts on the platform. While Musk may want to end his bid for Twitter, it’s not as easy as just walking away, according to legal experts. Instead, Musk likely faces […]
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U.S. agency to open probe into fatal Florida Tesla crash
A Tesla that rear-ended a tractor-trailer at a rest area off Interstate 75 killing both the driver and passenger, is seen at the crash site near Gainesville, Florida, July 6, 2022. Florida Highway Patrol | via Reuters The National Highway Traffic Safety Administration said on Friday it will open a special investigation into a Florida […]
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