Technology

Musk warns of Twitter bankruptcy as more senior executives quit

Twitter Inc's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company's trust and safety leader. The billionaire on his first mass call with employees said that he could not ...

10:45 Et November 11, 2022

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

Tesla Inc Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed ...

10:40 Et November 9, 2022

Nissan says talks with Renault focused on better competing in electric cars

Nissan Motor Co's talks with Renault SA on revamping their alliance are focused on strengthening competitiveness as equal partners and getting the most from their investment in electric cars, the ...

11:14 Et November 4, 2022

Musk begins his Twitter ownership with firings, declares the 'bird is freed'

Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve the ambitions he has outlined ...

11:22 Et October 28, 2022

Investors punish Zuckerberg as costly metaverse pitch falls flat

Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a ...

10:45 Et October 27, 2022

Tesla flags its cars not ready to be approved as fully self-driving this year

Tesla Inc's advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said in remarks which indicate the company is not yet able to satisfy authorities ...

10:50 Et October 20, 2022

Apple to raise App Store prices in some countries in Europe, Asia

Apple Inc said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all of the euro zone and some ...

10:50 Et September 20, 2022

Meta's Facebook agrees to settle data privacy lawsuit

Meta Platforms Inc's Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages for letting third parties including Cambridge Analytica access the ...

12:32 Et August 27, 2022

Australian court orders Google to pay $43 mln for misleading users

Australia's competition watchdog said on Friday that Alphabet Inc's Google unit was ordered by the country's Federal Court to pay A$60 million ($42.7 million) in penalties for misleading users on collection of their personal location data. The court found Google misled some customers about personal location data collected through their Android mobile devices between January ...

11:24 Et August 12, 2022

Meta posts first-ever revenue drop as inflation hurts ad sales

Meta Platforms issued a gloomy forecast after recording its first-ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. ...

20:00 Et August 8, 2022
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