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August 18, 2022


Analysis: Why the banks financing Musk’s Twitter deal are unlikely to be able to help him walk away

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of......

Russia fines WhatsApp, other foreign firms over data storage violations

Russian court fines WhatsApp 18 mln rbls over data storage Snap, Match Group, Hotels.com, Spotify handed smaller fines WhatsApp owner Meta already found guilty of ‘extremist activity’ Dispute with foreign tech has escalated amid Ukraine conflict This content was produced in Russia where the law restricts coverage of Russian military......

U.S. sues to stop Facebook from buying virtual reality firm Within

WASHINGTON, July 27 (Reuters) – The U.S. Federal Trade Commission sought a court order on Wednesday to block Facebook parent Meta Platforms (META.O) from buying virtual reality (VR) content maker Within Unlimited. The FTC, in a request filed on Wednesday in federal court in San Francisco for a temporary restraining......

U.S. charges ex-Coinbase manager in first crypto insider trading case

NEW YORK, July 21 (Reuters) – A former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, U.S. prosecutors in Manhattan said on Thursday. Ishan Wahi, the product manager at the cryptocurrency exchange, and his brother Nikhil......

Judge sets first hearing in Twitter lawsuits against Elon Musk

WILMINGTON, Del., July 15 (Reuters) – A judge will hear arguments on Tuesday for Twitter Inc’s request for a September trial in its lawsuit seeking to hold Elon Musk, the world’s richest person, to his $44 billion deal for the social media platform, according to a court filing. Kathaleen McCormick,......

Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

Seven Iranians say used Binance for crypto after U.S. reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw U.S. regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process......

Elon Musk pulls out of $44 billion Twitter deal

July 8 (Reuters) – Elon Musk, the chief executive officer of Tesla (TSLA.O) and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter (TWTR.N) because the social media company had failed to provide information about fake accounts. Shares of Twitter were down......

U.S. House panel to investigate companies sharing reproductive data

The United States Capitol building in Washington, U.S. REUTERS/Emily Elconin Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 8 (Reuters) – A U.S. congressional committee has asked data brokers and personal health apps to explain how they handle users’ reproductive health data amid concerns states will use......

EU lawmakers pass landmark tech rules, but enforcement a worry

BRUSSELS, July 5 (Reuters) – EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet (GOOGL.O) unit Google, Amazon (AMZN.O), Apple (AAPL.O), Facebook and Microsoft (MSFT.O), but enforcement could be hampered by regulators’ limited resources. In addition to the rules known......

Digital World board members get subpoena over Trump’s social media deal

June 27 (Reuters) – Blank-check firm Digital World Acquisition Corp (DWAC.O) said on Monday each of its board directors had received subpoenas from federal prosecutors over the company’s merger plans with former U.S President Donald Trump’s social media firm. The federal probe is the latest setback to Trump’s efforts to......

Google faces antitrust complaint by Danish job-search rival

BRUSSELS, June 27 (Reuters) – Google faces an antitrust complaint on Monday by Danish online job-search rival Jobindex, whichtold European Union regulators the Alphabet-owned (GOOGL.O) business had allegedly unfairly favoured its own job-search service. The complaint could reinvigorate EU antitrust chief Margrethe Vestager’s scrutiny of the service, Google for Jobs.......

U.S. tech industry frets about handing data to states prosecuting abortion

PALO ALTO, Calif., June 24 (Reuters) – The technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement, in the wake of the U.S. Supreme Court’s decision on Friday to overturn the Roe v. Wade precedent that for decades guaranteed a woman’s......

Google’s Russian subsidiary submits bankruptcy declaration, Interfax reports

June 17 (Reuters) – The Russian subsidiary of Alphabet’s (GOOGL.O) Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. read......

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

NEW YORK, June 16 (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc......

Qualcomm wins fight against $1 bln EU antitrust fine

LUXEMBOURG, June 15 (Reuters) – U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018......

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