Tesla investor calls for $15 billion stock buyback after share price falls

Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. James Glover II | Reuters Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company’s share price continues … Read more

Elon Musk says Twitter deal ‘cannot move forward’ until he has clarity on bot numbers

Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk has said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake. Twitter estimated in a filing earlier this month that fewer than 5% of its monetizable … Read more

Elon Musk has wrong approach to count fakes, spam on Twitter: experts

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researched the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued to … Read more

Elon Musk can’t just walk away from Twitter deal by paying $1 billion

Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk can’t just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It’s not that simple. Musk tweeted Friday that he has decided to put his acquisition of Twitter “on hold” as … Read more

London is looking to tap the deep pockets of Silicon Valley

Mayor of London Sadiq Khan hopes to convince US tech firms to invest more in London. Leon Neal | Getty Images Sadiq Khan, the mayor of London, traveled to California as part of a trade mission to try to convince Silicon Valley tech leaders to invest more money in the UK capital. On Tuesday, Khan … Read more

How Ireland lost its chance to become Big Tech’s ‘super regulator’

Many of the largest US tech firms hold their European headquarters in Dublin. Arthur Widak | nur photo | Getty Images Incoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so … Read more

Amazon (AMZN) Q1 2022 earnings

Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Income: $116.44 billion vs. $116.3 billion expected, according to Refinitiv Here’s how other key Amazon segments … Read more

UK digital banks need to improve financial crime controls, FCA warns

Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. The Financial Conduct Authority on Friday published the findings of a review into financial crime controls at … Read more

EU agrees new rules for tackling illegal content

European Executive Vice President Margrethe Vestager. Anadolu Agency | Anadolu Agency | Getty Images The European Union agreed on new digital regulations Saturday that will force tech giants like Google and Meta to police illegal content on their platforms more aggressively, or else risk potential multibillion-dollar fines. The European Parliament and EU member states reached … Read more

Meta plans to take a nearly 50% cut on NFT sales in its metaverse

Facebook on Thursday announced that it is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the US and Canada. Courtesy of Meta Facebook-parent Meta is planning to take a cut of up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, … Read more