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Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud

Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud

Elon Musk’s Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022. Jakub Porzycki | Nurphoto | Getty Images A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, […]

Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud Read More »

Elon Musk says xAI has acquired X in deal that values social media site at  billion

Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

Tesla CEO Elon Musk boards Air Force One with U.S. President Donald Trump (not pictured) as they departs for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025.  Nathan Howard | Reuters Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an

Elon Musk says xAI has acquired X in deal that values social media site at $33 billion Read More »

Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism

Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism

CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025.  Michael Nagle | Bloomberg | Getty Images It wasn’t supposed to go down like this. The Trump presidency was set to usher in a rush of money to the markets, spurred by a

Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism Read More »

Intel announces three board members will retire following CEO shake-up

Intel announces three board members will retire following CEO shake-up

A sign is posted in front of Intel headquarters in Santa Clara, California, on Aug. 1, 2024. Justin Sullivan | Getty Images News | Getty Images Three members of Intel’s board of directors will not stand for reelection in May, the company said in a filing on Thursday. Omar Ishrak, former CEO of Medtronic; Risa Lavizzo-Mourey,

Intel announces three board members will retire following CEO shake-up Read More »

Amazon MGM Studios boss Jen Salke to step down. Read the internal memo

Amazon MGM Studios boss Jen Salke to step down. Read the internal memo

Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed. Mike Hopkins, Amazon’s head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and her previous position will not be replaced, Hopkins said.

Amazon MGM Studios boss Jen Salke to step down. Read the internal memo Read More »

AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro

AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro

Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin CEO Adam Foroughi hit back at new short-selling allegations from Muddy Waters Research after the ad-tech company’s stock suffered its steepest drop on record on Thursday. Foroughi penned a new blog post that asked investors to “dig deeper” on the allegations, saying the report’s

AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro Read More »

Assassin’s Creed-maker Ubisoft’s shares surge 11% on deal to spin off top game franchises

Assassin’s Creed-maker Ubisoft’s shares surge 11% on deal to spin off top game franchises

Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises. On Thursday, Ubisoft revealed plans to form a new gaming subsidiary, with Chinese technology giant Tencent investing 1.16 billion euros ($1.25 billion)

Assassin’s Creed-maker Ubisoft’s shares surge 11% on deal to spin off top game franchises Read More »

U.S. tech giants are betting big on humanoid robots — but China’s already ahead, analysts say

U.S. tech giants are betting big on humanoid robots — but China’s already ahead, analysts say

Unitree’s G1 robot at the Mobile World Congress 2025 in Barcelona, Spain, on March 6, 2025. Nurphoto | Nurphoto | Getty Images American tech giants like Tesla and Nvidia are racing to develop humanoid robots, stressing their importance to the future economy. But analysts warn they are already at risk of losing out to China.

U.S. tech giants are betting big on humanoid robots — but China’s already ahead, analysts say Read More »

AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology

AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology

Jaque Silva | Nurphoto | Getty Images Shares of AppLovin sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about the company’s digital ad technology and claimed that it’s violating app store rules. AppLovin tumbled $65.92 to close at $261.70. The stock soared more than 700% last year, the

AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology Read More »

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