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Twitter to pay $150M penalty over privacy of users' data

Published At 2022-05-26T07:49:12Z

Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators' allegations that the social platform failed to protect the privacy of users' data over a six-year span.… [+3534 chars]

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Elon Musk revises Twitter financing plan; shares jump

Published At 2022-05-26T07:48:19Z

Tesla CEO Elon Musk on Wednesday revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a dea… [+5437 chars]

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Elon Musk considers how to put all of humanity's DNA into storage

Published At 2022-05-26T07:33:01Z

It has been some 20 years since scientists created the first complete reference human genome that contained approximately 3 billion DNA letters, but now some improvements are being suggested. The fi… [+1185 chars]

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Elon Musk's net worth hits 11-month low, drops below $200 billion

Published At 2022-05-26T07:30:00Z

Tech billionaire Elon Musk's net worth has dropped below $200 billion after Tesla shares recently hit 11-month lows. According to Teslarati, Musk has lost about $77.6 billion of his net worth year-t… [+2357 chars]

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Jack Dorsey ejects from Twitter board as Elon Musk eyes takeover

Published At 2022-05-26T07:25:25Z

Jack Dorsey, former CEO of Twitter Inc, did not stand for re-election to the board in a meeting on May 25, Bloomberg reported. Dorsey is thus now no longer a board member, formally ending his connec… [+1940 chars]

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Global firms warn of sluggish China demand due to lengthy COVID curbs

Published At 2022-05-26T07:22:51Z

Car sales in the worlds largest auto market have slowed dramatically, gamers are buying fewer consoles, and people are unwilling to replace their existing smartphones, laptops and TVs, as prolonged C… [+3538 chars]

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Jack Dorsey steps down from Twitter's board amidst Musk's takeover drama

Published At 2022-05-26T07:17:00Z

Jack Dorsey has stepped down from the Twitter board of directors, as Tesla CEO Elon Musk fights with the micro-blogging platform to reveal the actual number of fake/spam accounts. Dorsey quit as Tw… [+2429 chars]

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Global firms warn of sluggish China demand due to lengthy COVID curbs - Reuters.com

Published At 2022-05-26T07:15:00Z

May 26 (Reuters) - Two months into harsh COVID-19 lockdowns that have choked global supply chains, China's economy is staggering back to its feet, but businesses from retailers to chipmakers are warn… [+4087 chars]

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Who is helping Elon Musk pay for his multi-billion-dollar takeover of Twitter?

Published At 2022-05-26T07:13:11Z

Tesla CEO Elon Musk has pledged to use more of his own cash to finance his purchase of Twitter, after letting a previously-secured loan lapse. When he first announced his $61.4 billion takeover of T… [+3330 chars]

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Elon Musk's net worth drops below $200 billion

Published At 2022-05-26T07:12:22Z

San Francisco: Tech billionaire Elon Musk's net worth has dropped below $200 billion after Tesla shares recently hit 11-month lows. According to Teslarati, Musk has lost about $77.6 billion of his n… [+955 chars]

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Global firms warn of sluggish China demand due to lengthy COVID curbs

Published At 2022-05-26T07:11:21Z

By Josh Ye and Jane Lanhee Lee (Reuters) - Two months into harsh COVID-19 lockdowns that have choked global supply chains, China's economy is staggering back to its feet, but businesses from retaile… [+3863 chars]

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PetroChina Company Is Planning To Reduce Capex And Increase Renewables

Published At 2022-05-26T07:10:33Z

onurdongel/E+ via Getty Images The first quarter of 2022 saw China’s pandemic curbs dent demand for oil products causing a decline in refinery output. A report by Bloomberg suggests that Chinese dem… [+8399 chars]

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China Electric Car Market — 29% Market Share In April!

Published At 2022-05-26T06:29:13Z

BYD achieves record month in Covid-disrupted market Plugin vehicles continue to be all the rage in the Chinese auto market. Despite the overall market being completely disrupted by Covid lockdowns (… [+10267 chars]

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100,000 Chinese officials attend emergency meeting to revive Covid-hit economy

Published At 2022-05-26T06:24:19Z

Hong Kong (CNN Business)China's cabinet held an emergency meeting with more than 100,000 participants on Wednesday, according to state media, as top leaders urged new measures to stabilize an economy… [+3894 chars]

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Rishi Sunak’s £10bn handout risks fuelling inflation, warns IFS - live updates

Published At 2022-05-26T06:08:48Z

Chancellor Rishi Sunak energy bills cost-of-living crisis windfall tax inflation IFS - REUTERS/Toby Melville/File Photo Rishi Sunaks plans to offer £10bn to British households to help ease the cost-… [+6378 chars]

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Elon Musk showcases SpaceX's Falcon 9 rocket doing what it does best

Published At 2022-05-26T06:04:02Z

Tesla and SpaceX CEO Elon Musk has taken to his personal Twitter account to share some images of SpaceX's Falcon 9 doing what it does best. The SpaceX CEO posted an image of the Falcon 9 rocket that… [+758 chars]

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Elon Musk Gives Twitter Investors Hope

Published At 2022-05-26T05:54:43Z

(Newser) Jack Dorsey left Twitter's board of directors Wednesday, in a move that had been planned and announced when Dorsey resigned as CEO in November. Dorsey is the last of the social network's fo… [+1142 chars]

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China Supreme Court calls for mass blockchain adoption in judicial system

Published At 2022-05-26T05:45:58Z

Elon Musk is the most influential CEO in the world. The mogul with 95 million followers on Twitter is determined to use his platform to weigh in on public debates, whatever they may be. In recent mon… [+272 chars]

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Elon Musk Reacts to His Deepfake Promoting Crypto Scam

Published At 2022-05-26T05:43:17Z

Tesla CEO Elon Musk has reacted to a deepfake video of him allegedly promoting a fraudulent crypto project. In a recently posted tweet, the centibillionaire stated that it was definitely not him. T… [+935 chars]

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Forbes Richest List 2022

Published At 2022-05-26T05:37:52Z

In the long run, every program becomes rococco, and then rubble. -- Alan Perlis