Shareholders await Musk’s next move in Twitter takeover bid Via AP News: Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move. The social media company has adopted a “poison pill” defense that makes it difficult for Musk or any other investor to buy Twitter without the board of directors’ approval. Musk, […]
TikTok’s Ad Revenue to Surpass Twitter and Snapchat *Combined* Via Breitbart: Chinese-owned social media app TikTok is set to triple its ad revenue in 2022 to more than $11 billion, totaling more ad sales than Twitter and Snapchat combined. Reuters reports that TikTok, owned by the Chinese firm ByteDance, is set to reach $11 billion in advertising revenue this year, more than Twitter and Snapchat’s advertising revenue combined. TikTok currently […]
Twitter shares fall after Elon Musk abandons plan to join board Via CNBC.com: Twitter shares fell in premarket trading Monday after CEO Parag Agrawal revealed that Elon Musk has abandoned his plan to join the company’s board. The social media company’s stock tumbled over 8% to less than $43 a share at 4 a.m. ET before recovering slightly. On April 5, Musk and Twitter said he would be joining Twitter’s board. […]
Uber looks to create travel ‘superapp’ by adding planes, trains and rental cars Via CNBC.com: Uber is driving ahead with its plan to become a travel “superapp”. The San Francisco-headquartered firm announced Wednesday that it is adding trains, buses, planes and car rentals to its U.K. app this year. The move is part of a pilot that could be expanded to other countries at a later date if it goes […]
Twitter shares close up 27% after Elon Musk takes 9% stake in social media company Via CNBC.com: Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech. Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, […]
Apple and Facebook Handed Over Private User Data to Hackers Posing as Law Enforcement Via Breitbart: A recent report reveals that both Apple and Facebook provided private user data to hackers who posed as law enforcement officials. The hackers used forged “emergency data requests” to trick the Masters of the Universe into handing over sensitive information such as IP addresses and phone numbers for their targets. Bloomberg reports that Apple and Facebook […]
Tesla CEO Elon Musk says he (supposedly) has Covid again Via CNBC.com: SpaceX and Tesla CEO Elon Musk announced on Twitter on Monday that he has Covid. The announcement comes after Tesla’s factory in Shanghai faced regional Covid restrictions that reportedly require it to suspend production for four daysuntil around April 1. China is shutting down the city in two phases to control a Covid-19 outbreak. Tesla also suspended production […]
Russia is considering selling its oil and gas for bitcoin as sanctions intensify from the West Via CNBC.com: Faced with stiffening sanctions from Western countries over its invasion of Ukraine, Russia is considering accepting bitcoin as payment for its oil and gas exports. In a videotaped news conference held on Thursday, the chair of Russia’s Duma committee on energy said in translated remarks that when it comes to “friendly” countries […]
Apple makes Arizona first state to add IDs, drivers license to devices Via Just The News: Technology giant Apple now allows Arizonans to keep a copy of their driver's license and other state ID in their digital wallets. Apple announced Wednesday that most iPhone and Apple Watch users with Arizona state documents are now able to upload digital copies in the same manner as credit or debit cards, making it […]
