Musk Pulls Out of $44 Billion Deal, Twitter Says Will Pursue Legal Action

Musk Pulls Out of $44 Billion Deal, Twitter Says Will Pursue Legal Action

Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion (roughly Rs. 3,49,060 crore) deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor, said on the micro-blogging…

Tesla’s Run of Record Deliveries May Take a Hit This Year Due to COVID-Related Shutdown, Predict Analysts

Tesla’s Run of Record Deliveries May Take a Hit This Year Due to COVID-Related Shutdown, Predict Analysts

Tesla is expected to end its nearly two-year-long run of record quarterly deliveries as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, highlighting the risks of its reliance on China. While Tesla Chief Executive Elon Musk has been pursuing the acquisition of social media platform Twitter,…

Trump’s App Truth Social Deal Goes Under Investigation as Digital World Acquisition Faces Subpoenas

Trump’s App Truth Social Deal Goes Under Investigation as Digital World Acquisition Faces Subpoenas

The company planning to buy Donald Trump’s new social media business has disclosed a federal grand jury investigation that, it says, could impede or even prevent its acquisition of the Truth Social app. Shares of Digital World Acquisition dropped 10 percent in morning trading on Monday as the company revealed…

Shopify Collaborates With Twitter to Help Merchants With Online Sale, Unveils 100 New Tools

Shopify Collaborates With Twitter to Help Merchants With Online Sale, Unveils 100 New Tools

Shopify has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales to counter a post-pandemic slowdown in online shopping. More than a 100 new tools were unveiled on Wednesday, including ones to support its plans…

Twitter Notes Expected to Launch in Coming Weeks for Sharing Long-Form Content: Report

Twitter Notes Expected to Launch in Coming Weeks for Sharing Long-Form Content: Report

Twitter Notes — a feature to let users publish long-form content on the platform — has been in testing and is launching in the coming weeks, according to a report. The reported development was earlier known as Twitter Articles. It would let users express their ideas in detail and share…

Twitter, YouTube Asked to Remove Perfume Advertisements: I&B Ministry

Twitter, YouTube Asked to Remove Perfume Advertisements: I&B Ministry

The Information and Broadcasting Ministry on Saturday asked Twitter and YouTube to remove from their social media platforms the videos of advertisement of a perfume brand that triggered outrage for “promoting gang rape culture”. In letters to Twitter and YouTube, the Ministry of Information and Broadcasting said that the videos…

Elon Musk’s Twitter Deal Faces Strong Opposition as Advocacy Groups Launch Campaign to Stop Acquisition

Elon Musk’s Twitter Deal Faces Strong Opposition as Advocacy Groups Launch Campaign to Stop Acquisition

Advocacy groups on Friday launched a campaign to stop Elon Musk from buying Twitter as the proposed purchase cleared review by US antitrust authorities. Twitter said that the deal for Musk to acquire the company was a step closer to being sealed with the passing of a deadline for it…

FTC Reports Over 46,000 People Lost More Than $1 Billion in Cryptocurrency Scams Since 2021

FTC Reports Over 46,000 People Lost More Than $1 Billion in Cryptocurrency Scams Since 2021

More than 46,000 people reported losing over $1 billion (roughly Rs. 7,770) in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post…

Big Tech Including Twitter, Google to Face Impact on Revenue Growth as Advertising Trends Dissipate: Report

Big Tech Including Twitter, Google to Face Impact on Revenue Growth as Advertising Trends Dissipate: Report

After unprecedented revenue growth last year, digital platforms including Alphabet, Meta Platforms, Snap and Twitter now face a sobering reality as pandemic-driven advertising trends dissipate, according to an analyst report on Thursday. Research firm MoffettNathanson cut its 2025 revenue estimates for each of the four companies by double-digit percentages. US…