FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

Nov 23 (Reuters) – The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s … Read more

FTC watching Twitter security execs exits with ‘deep concern’

FTC watching Twitter security execs exits with ‘deep concern’

Nov 10 (Reuters) – The US Federal Trade Commission said on Thursday it was watching Twitter with “deep concern” after the social media platform’s top privacy and compliance officers quit, potentially putting it at risk of violating regulatory orders. The company’s chief security officer Lea Kissner on Thursday in a tweet said that she quit. … Read more

Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Musk sells Tesla shares worth .95 bln days after Twitter takeover

Nov 8 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, according to US securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk, the world’s richest man, had about $20 billion in cash after … Read more

Oreo maker Mondelez pulls ads off Twitter, citing hate speech -CEO

Oreo maker Mondelez pulls ads off Twitter, citing hate speech -CEO

NEW YORK, Nov 8 (Reuters) – Mondelez International Inc CEO (MDLZ.O) Dirk Van de Put said in a Reuters Newsmaker interview on Tuesday that the maker of Oreo cookies has pulled its ads off Twitter after Tesla Inc (TSLA.O) boss Elon Musk acquired the social media site. “What we’ve seen recently since the change on … Read more

UN urges Musk to safeguard human rights at Twitter

UN urges Musk to safeguard human rights at Twitter

GENEVA, Nov 5 (Reuters) – The UN High Commissioner for Human Rights, Volker Türk, on Saturday issued an open letter to Elon Musk, the new owner of Twitter Inc, urging him to “ensure human rights are central to the management of Twitter “. Twitter Inc laid off half its workforce on Friday and tweets by … Read more

Wall St loses over $200 billion in value after report from Amazon

Wall St loses over 0 billion in value after report from Amazon

Oct 27 (Reuters) – Over $200 billion in US stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon (AMZN.O) added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17% after the bell, wiping out $190 billion in market capitalization after … Read more

TikTok immune from lawsuit over girl’s death from ‘blackout challenge’ -judge

TikTok immune from lawsuit over girl’s death from ‘blackout challenge’ -judge

Oct 26 (Reuters) – TikTok Inc won dismissal of a lawsuit accusing it of causing the death of a 10-year-old girl by promoting a deadly “blackout challenge” that encouraged people to choke themselves on its video-based social media platform. US District Judge Paul Diamond in Philadelphia ruled Tuesday that the company was immune from the … Read more

Exclusive: Twitter is losing its most active users, internal documents show

Exclusive: Twitter is losing its most active users, internal documents show

Oct 25 (Reuters) – “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active … Read more

White House says ‘not true’ that there is national security review of Elon Musk

White House says ‘not true’ that there is national security review of Elon Musk

WASHINGTON, Oct 24 (Reuters) – Reports that the United States was discussing launching a national security review of some of Elon Musk’s ventures were “not true,” said the White House on Monday. White House press secretary Karine Jean-Pierre declined to comment on the Biden administration’s relationship with Musk or his business dealings with other countries. … Read more

Facebook threatens to block news content over Canada’s revenue-sharing bill

Facebook threatens to block news content over Canada’s revenue-sharing bill

OTTAWA, Oct 21 (Reuters) – Facebook warned on Friday that it may block sharing of news content on its platform in Canada over concerns about legislation that would compel digital platforms to pay news publishers. The Online News Act, introduced in April, laid out rules to force platforms like Meta’s (META.O) Facebook and Alphabet’s (GOOGL.O) … Read more