centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO, Parag Agrawal, to join a “public debate” over fake accounts and spam amid a contentious legal battle over a $44 billion acquisition. Musk filed an offer with the Securities and Exchange to acquire Twitter in April of this year. After the companies agreed to move … Read more
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices punished … Read more
The Twitter-The Elon Musk saga continued this week, as the two sides traded barbs in legal filings ahead of a five-day trial set to begin on October 17. Recently released legal documents by lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing … Read more
In the response to Twitter’s complaint, which includes counterclaims against the company, Musk’s team attempts to refute the company’s allegations that Tesla’s CEO is unfairly trying to walk away from the deal. His team repeats allegations that Twitter misreported the number of fake bot and spam accounts on its platform — a central accusation Musk … Read more
August 5 (Reuters) – Amazon.com Inc. (AMZN.O) will acquire iRobot Corp (IRBT.O)maker of the Roomba robotic vacuum cleaner in a cash deal worth around $1.7 billion in the world’s biggest online retailer’s latest attempt to expand its stable of devices smart home. Amazon will pay $61 per share, valuing iRobot at a 22% premium to … Read more
A Falcon 9 rocket during launch last July. Photo: SpaceX South Korea embarks on its first lunar mission, and SpaceX was brought in to help. You can watch the historic launch live here. Hard to believe, but the upcoming launch marks the first time SpaceX will send a payload directly into ballistic lunar transfer orbit. … Read more
Apple launches iPhone 13 in the UK Ming Yeung | Getty Images Apple, Google, AmazonSamsung and other companies are gearing up for a busy fall filled with lots of new gadget launches. It’s like a clock. Big tech companies are launching the latest products, like phones, watches or even robots and fly security dronesfrom August … Read more
Workers install door hinges on the body of a prototype Endurance electric pickup truck on June 21, 2021 at the Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Besieged electric truck start Lordstown Engines Thursday reaffirmed its intention to begin commercial production of its first vehicle this quarter and roll out the first … Read more
Workers install door hinges on the body of a prototype Endurance electric pickup truck on June 21, 2021 at the Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Besieged electric truck start Lordstown Engines Thursday reaffirmed its intention to begin commercial production of its first vehicle this quarter and roll out the first … Read more
HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in the French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired … Read more
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