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August 8, 2022

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Musk says Twitter deal should go ahead if it provides proof of real accounts

Reuters
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 6 (Reuters) – Elon Musk said that if Twitter Inc. (TWTR.N) could provide its method......

Twitter rejects Musk’s claims that he was hoodwinked

Reuters
Elon Musk’s Twitter profile is seen on a 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 NEW YORK, Aug 4 (Reuters) – Twitter Inc (TWTR.N) on Thursday dismissed Elon Musk’s claims in......

Facebook parent Meta set to raise $10 billion in bond debut

Reuters
The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – Facebook-parent Meta Platforms Inc (META.O) is set to raise $10 billion in its first-ever bond offering......

Meta’s Mark Zuckerberg: Company’s pandemic-era forecast was too rosy

Reuters
July 29 (Reuters) – Meta Platforms Inc (META.O) Chief Executive Mark Zuckerberg told staffers the world’s biggest social media company had planned for growth too optimistically, mistakenly expecting that a bump in usage and revenue growth during COVID-19 lockdowns would be sustained. Zuckerberg, responding to an employee question at a......

Elon Musk files countersuit under seal vs Twitter over $44 bln deal

Reuters
WILMINGTON, Del., July 29 (Reuters) – Elon Musk countersued Twitter Inc (TWTR.N) on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. Although the 164-page document was not publicly available, under court......

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

Reuters
July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. The Silicon Valley giant’s shares rose 2.6% after hours following the release......

Russia fines WhatsApp, other foreign firms over data storage violations

Reuters
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......

Google search ads beat targets despite global ‘uncertainty’

Reuters
A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Google search ads lifted parent Alphabet Inc (GOOGL.O) close to Wall Street sales expectations on Tuesday, sending shares up on......

Wall Street closes lower as ad tech, social media stocks drop

Reuters
Snap Inc shares plunge on slowing growth Communication services stocks lead sectoral declines AmEx raises revenue forecast on resilient card spending Indexes down: Dow 0.43%, S&P 500 0.93%, Nasdaq 1.87% July 22 (Reuters) – U.S. stocks ended lower on Friday as disappointing earnings from Snap spooked investors and shares in......

Wall Street slips as ad tech, social media stocks weigh

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter drops as quarterly revenue falls Communication services stocks lead sectoral declines Snap Inc shares plunge on slowing growth......

Facebook’s growth woes in India: too much nudity, not enough women

Reuters
Meta’s internal research reveals challenges in India Many women steered clear of male-dominated Facebook Their concerns included safety and unwanted contacts Facebook growth lags sisters WhatsApp and Instagram NEW DELHI, July 21 (Reuters) – On Feb. 2, when Meta Platforms (META.O) reported Facebook’s first-ever quarterly drop in daily users, its......

Twitter gets fast-tracked Elon Musk trial over $44 billion deal

Reuters
July 19 (Reuters) – Twitter Inc (TWTR.N) will get an October trial in its legal fight to hold Elon Musk to his $44 billion takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal’s uncertainty. The ruling is a blow to......

Elon Musk seeks to block Twitter request for expedited trial

Reuters
July 15 (Reuters) – Elon Musk filed a motion on Friday opposing Twitter Inc’s (TWTR.N) request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush......

Some Beijing travelers asked to wear COVID monitoring bracelets, sparking outcry

Reuters
BEIJING, July 14 (Reuters) – Some Beijing residents returning from domestic travel were asked by local authorities to wear COVID-19 monitoring bracelets, prompting widespread criticism on Chinese social media by users concerned about excessive government surveillance. According to posts published on Wednesday evening and Thursday morning on microblogging platform Weibo,......

Analysis: Why Elon Musk’s fight with Twitter could draw further SEC scrutiny

Reuters
WASHINGTON, July 14 (Reuters) – Twitter Inc’s (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the U.S. securities regulator over whether Musk has misled the market during the course of the deal. Twitter on Tuesday asked a......

Twitter sues Elon Musk to hold him to $44 billion deal

Reuters
WILMINGTON, Del., July 12 (Reuters) – Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating the $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share, according to......

Twitter hires law firm Wachtell to sue Musk after pulling out of $44 billion deal

Reuters
The Twitter app is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 10 (Reuters) – Twitter Inc (TWTR.N) has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon......

Analysis: Twitter has legal edge in deal dispute with Musk

Reuters
WILMINGTON, Del, July 8 (Reuters) – Twitter Inc (TWTR.N) has a strong legal case against Elon Musk walking away from his $44 billion deal to acquire the U.S. social media company but could opt for a renegotiation or settlement instead of a long court fight, according to legal experts. Delaware......

Twitter workers brace for more ‘circus’ after Elon Musk torpedoes deal

Reuters
Elon Musk’s twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 8 (Reuters) – Twitter Inc (TWTR.N) employees expressed disbelief and exhaustion on Friday after billionaire......

Elon Musk pulls out of $44 billion Twitter deal

Reuters
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......

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