Social media
Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud
Elon Musk’s Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022. Jakub Porzycki | Nurphoto | Getty Images A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, […]
Read More
Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism
CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty Images It wasn’t supposed to go down like this. The Trump presidency was set to usher in a rush of money to the markets, spurred by a […]
Read More
AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro
Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin CEO Adam Foroughi hit back at new short-selling allegations from Muddy Waters Research after the ad-tech company’s stock suffered its steepest drop on record on Thursday. Foroughi penned a new blog post that asked investors to “dig deeper” on the allegations, saying the report’s […]
Read More
Meta debuts Friends tab, Mark Zuckerberg pushes ‘throwback to OG Facebook’
In this photo illustration, the Facebook logo is displayed on the screen of an iPhone in front of a Meta logo on October 28, 2021 in Paris, France. Chesnot | Getty Images Meta on Thursday debuted the Facebook Friends tab, a new feature that’s part of CEO Mark Zuckerberg’s pitch to revive the original spirit […]
Read More
Trump says he may reduce China tariffs to help close a TikTok deal
Muhammed Selim Korkutata | Anadolu | Getty Images President Donald Trump said he may reduce tariffs on China to facilitate a deal that would result in ByteDance selling the U.S. operations of TikTok. China “is going to have to play a role” in approving a TikTok-related divestiture, Trump said in a press conference Wednesday. “Maybe […]
Read More
Utah governor signs online child safety law requiring Apple, Google to verify user ages
Utah Gov. Spencer Cox on Wednesday signed a bill that requires Apple and Google’s mobile app stores to verify user ages and require parental permission for those under 18 to use certain apps, the governor’s spokesperson told CNBC. The law is the first of its kind in the nation and represents a significant shift in […]
Read More
Italy hands VAT bill to Meta, X and LinkedIn in landmark tax case
Visitors take pictures by a sign posted in front of Meta headquarters in Menlo Park, California, on Jan. 29, 2025. Justin Sullivan | Getty Images Italy has handed tax demands to Meta, X and LinkedIn in the formal and final step in an unprecedented official VAT claim against the three U.S. web giants that could […]
Read More
Waymo will launch Washington, D.C., robotaxi service in 2026
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images Waymo’s officially on its way to the nation’s capital. The Alphabet-owned autonomous driving robotaxi service will be available in Washington, D.C., in 2026, the […]
Read More
Crypto’s long battle with SEC comes to a close with Ripple victory
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | Reuters The Securities and Exchange Commission’s years-long crusade against the crypto industry appears to be over. The final chapter closed on Wednesday, when Ripple announced that the SEC had officially dropped […]
Read More
StubHub files for IPO as companies start lining up to go public
The StubHub logo is seen in a former store in New York City on April 18, 2024. Michael M. Santiago | Getty Images StubHub, an online marketplace for reselling tickets, on Friday filed to go public on the New York Stock Exchange under the ticker symbol “STUB.” In its prospectus for an initial public offering, […]
Read More