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by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — Twitter on Tuesday sued Elon Musk for breaching the $44 billion contract he signed to buy the tech firm, calling his exit strategy “a model of hypocrisy,” court documents showed. The suit filed in the US state of Delaware urges the court to order the billionaire to complete his deal to buy Twitter, arguing that no financial penalty could repair the damage he has […]
WASHINGTON, United States (AFP) — Elon Musk’s move to abandon his purchase of Twitter has been greeted with a mix of relief and disappointment across the political spectrum, with many criticizing the Tesla founder but others applauding his “exposure” of the influential messaging platform. The announcement of the deal valued at $44 billion in late April sparked fears the platform would see a surge in abuse and disinformation after Musk — a self-proclaimed free […]
PARIS, France (AFP) — Some of the biggest viral hits on TikTok have been given the full orchestral treatment and will get a traditional release on CD and vinyl this summer, the platform announced Friday. The tie-up with Warner Classics is the first time TikTok has ventured into the traditional music market and will see the 18 songs released on streaming platforms as well as in record stores. Anyone who has spent any significant […]
SAN FRANCISCO, United States (AFP) — YouTube on Wednesday said that more than 1.5 billion people monthly tune into its Shorts video service, which competes with global sensation TikTok. Alphabet-owned YouTube and Facebook-parent Meta both added short-form video sharing formats to their services after TikTok — which late last year said it topped a billion users — became the rage. YouTube Shorts went live less than two years ago, adding videos of no longer than […]
Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire’s push to acquire the social network. Twitter has committed “a clear material breach” of its “obligations under the merger agreement and Mr. Musk reserves … his right not to consummate the transaction,” according to a document filed with securities regulators. The filing marks an escalation of Musk’s […]
by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — Meta’s second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance. Sandberg, 52, has been one of the most influential women in Silicon Valley and her departure comes as the social media juggernaut faces an uncertain future and fierce competition. Her exit from Facebook parent Meta will […]
San Francisco, UNITED STATES (AFP) — TikTok on Monday said it will start letting some popular accounts at the video-snippet streaming star charge subscriptions for live streams. Similar money-making tools have been added to rivals such as Instagram and Facebook as the social media platforms compete for online personalities that attract audiences. “LIVE Subscription is an extension of our efforts to build diversified creator monetization opportunities that suit a range of creator needs,” […]
Sao Paulo, BRAZIL (AFP) — Brazilian President Jair Bolsonaro is set to meet with billionaire Elon Musk on Friday, according to a government source. The meeting will be held in Sao Paulo, a source with the Brazilian president’s office told AFP, without giving any details on what will be on the agenda. Earlier, Bolsonaro said that he had planned a private meeting in Sao Paulo “with a very important person who is recognized throughout […]
San Francisco, UNITED STATES (AFP) — Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. “These changes are primarily driven by business needs rather than individual performance, which makes them especially tough, as none of us want to say goodbye to such great colleagues,” a spokesperson told AFP. About 150 employees have been laid off, most of […]
New York, UNITED STATES (AFP) — Billionaire Elon Musk said Tuesday that his purchase of Twitter would not go ahead unless he was assured that fewer than five percent of accounts on the platform were fake. “Yesterday, Twitter’s CEO publicly refused to show proof of <5%,” tweeted Musk, who has almost 94 million followers on the social network. “This deal cannot move forward until he does.” The chief of SpaceX as well as Tesla, Musk […]
Saudi Aramco on Wednesday dethroned Apple as the world’s most valuable company as surging oil prices drove up shares and tech stocks slumped. The Saudi Arabian national petroleum and natural gas company, billed as the largest oil producing company in the world, was valued at $2.42 trillion based on the price of its shares at close of market. Apple, meanwhile, has seen its share price drop over the past month and was valued at $2.37 […]
by Glenn Chapman © Agence France-Presse SAN FRANCISCO, United States (AFP) — The fate of Twitter’s top attorney, deemed a moral champion of the platform, was in doubt Wednesday after Elon Musk tweeted displeasure with content moderation she had carried out. Musk, the world’s richest man, has vowed to be a free speech absolutist when he takes control of the global messaging platform as part of a $44 billion deal. The lawyer, Vijaya […]
