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In DC, Musk’s Twitter deal is either a free speech victory or fuel to tax the rich
Depending who you ask in Washington, D.C., Monday’s news that Twitter’s board has accepted Elon Musk’s $44 billion offer to buy the company and take it private either marks the return of free speech online or proof that billionaires like Musk must pay higher taxes. “Free speech is making a comeback,” tweeted Rep. Jim Jordan, […]
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Twitter accepts Elon Musk’s buyout deal
Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The cash deal at $54.20 per share is valued around $44 billion, according to the press release. Twitter will become a private company once the deal is complete. The announcement ends […]
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Netflix and Facebook have given up most of the last few years’ gains since tech’s November peak
Zoom In IconArrows pointing outwards Meta and Netflix five-year performance CNBC Two members of the FAANG group have been defanged. In the five months since the Nasdaq’s peak late last year, Netflix and Facebook (now Meta) have gotten crushed, giving up most of the gains they’d accumulated over the prior half-decade. Netflix is down nearly […]
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House Republicans demand Twitter’s board preserve all records about Musk’s bid to buy the company
Rep. Jim Jordan, R-Ohio, attends a news conference with members of the GOP Doctors Caucus after a meeting of the House Republican Conference in the U.S. Capitol on Wednesday, January 19, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images A group of 18 House Republicans is asking Twitter’s board to preserve all records […]
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Obama calls for tech regulation to combat disinformation on social media
Former US President Barack Obama gestures as he speaks at the 2021 climate summit in Glasgow on November 08, 2021. NBC News reports Obama will return to the White House on Tuesday for the first time since he left office to promote the Affordable Care Act in an event alongside President Joe Biden. Jeff J […]
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Snap stock falls after ‘challenging’ quarter that missed sales and profit estimates
CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter, when it reported first-quarter results […]
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Meta COO Sandberg reportedly tried to block news story about Activision CEO Kotick
Sheryl Sandberg, chief operating officer of Facebook Inc. David Paul Morris | Bloomberg | Getty Images Meta Chief Operating Officer Sheryl Sandberg was reportedly part of a pressure campaign to prevent the Daily Mail from publishing an unfavorable report about Activision Blizzard CEO Bobby Kotick, according to a Wall Street Journal article published Thursday. Facebook […]
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Apple spent more than it ever has on lobbying as antitrust threats loom
Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. Brendan McDermid | REUTERS Apple spent a record $2.5 million lobbying Congress in the first quarter of 2022, more than a 34% increase from the previous quarter, according to its disclosure made […]
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HBO grows to nearly 77 million total subscribers as Netflix reports a decline
HBO and HBO Max had 76.8 million subscribers at the end of the first quarter of 2022, former parent company AT&T reported Thursday. That marks a 3 million subscriber increase from the previous quarter and a 12.8 million year-over-year increase. Domestic average revenue per user (ARPU) reached $11.24, up from $11.15 last quarter. The news […]
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Why GM is getting into electric boats
Everything is going electric. Cars, delivery vans, buses, garbage trucks and more are rapidly moving to a battery-powered future. With the technology going mainstream, the EV revolution is also making waves in the world of boating. General Motors recently invested $150 million in Seattle-based start-up Pure Watercraft, taking a 25% stake in the company. And […]
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