CMPNY

Musk shelves $44-billion Twitter deal ‘temporarily’, shares slump

May 13 (Reuters) – Elon Musk put his $44-billion deal for Twitter Inc (TWTR.N) “temporarily on hold” on Friday while he awaits data on the proportion of its fake, sending the shares in the social accounts media platform plunging . Twitter shares fell 17.7% to $37.10 in premarket trading, their lowest level since Musk disclosed …

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Musk’s delay in disclosing Twitter stake triggers SEC probe – WSJ

Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – US regulators are investigating Elon Musk’s delayed disclosure of his sizable stake in Twitter Inc (TWTR.N) last month, …

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Apple supplier Foxconn forecasts tough year on China COVID curbs, inflation

A shovel and FoxConn logo are seen before the arrival of US President Donald Trump as he participates in the Foxconn Technology Group groundbreaking ceremony for its LCD manufacturing campus, in Mount Pleasant, Wisconsin, US, June 28, 2018. REUTERS/Darren Hauck/Files Register now for FREE unlimited access to Reuters.com Register Q1 net profit T$29.45 bln vs …

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Explainer: China’s Xiaomi battles probes in key India market

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 12 (Reuters) – Chinese smartphone giant Xiaomi Corp (1810.HK) faces legal headaches in India as a federal financial …

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EXCLUSIVE Facebook-owner Meta tells hardware staffers to prepare for cutbacks

Small figurines are seen in front of displayed Meta logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Facebook-owner Meta Platforms Inc (FB.O) is preparing cutbacks in its Reality Labs division, a unit at the center of the company’s strategy to …

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Google unveils artificial intelligence tool for real-world searches

May 11 (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Wednesday previewed augmented-reality glasses that display translations of conversations in real time, and it laid out additional plans to bridge the real world and its digital universe of search, Maps and other services using artificial intelligence. Google also teased a tablet to be launched in 2023 …

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Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

May 11 (Reuters) – Twitter Inc (TWTR.N) shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied probability of the deal closing …

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Court says Musk recklessly tweeted that ‘funding secured’ for taking Tesla private

SAN FRANCISCO, May 10 (Reuters) – A court wealth said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign fund at that time. The decision by US District Judge Edward Chen of San Francisco is a …

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‘Taking the pistachio’ – Tesco rapped by watchdog over mobile phone ads

A general view of Tesco Extra store, in Warrington, Britain, January 13, 2022. REUTERS/Jason Cairnduff Register now for FREE unlimited access to Reuters.com Register LONDON, May 11 (Reuters) – Britain’s advertising regulator has banned five adverts for Tesco’s (TSCO.L) mobile phone business, saying its use of the words “shiitake” and “pistachio” alluded to expletives and …

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