Musk Spells Out How He Would Change Twitter

Hours after announcing his $43 billion hostile takeover bid for Twitter, business magnate Elon Musk laid out some of his goals for the social media giant, including an edit button that would let users amend ill-considered tweets. Musk made the comments on the concluding day of the annual TED Conference …

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Elon Musk Offers to Buy Twitter 

Businessman Elon Musk has offered to buy Twitter, saying the social media giant “needs to be transformed as a private company.” “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative …

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Russian Netflix Users Sue Streaming Giant for Leaving Market – RIA

Russian users of Netflix NFLX.O have launched a class action lawsuit against the streaming giant for leaving the Russian market, demanding 60 million roubles ($726,000) in compensation, the RIA news agency reported on Wednesday.  Netflix Inc said in March that it suspended its service in Russia and had temporarily stopped …

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Elon Musk Accused of Breaking Law While Buying Twitter Stock

Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing his stake in the social media company so he could buy more shares at lower prices. The complaint in New York federal court accuses Musk of …

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Twitter’s Top Shareholder Elon Musk Decides Not to Join Board

Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday.  Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% stake on April 4 and said he plans to bring about significant improvements …

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JD.com Founder Richard Liu Leaves CEO Post

Chinese e-commerce company JD.com said Thursday that its founder Richard Liu has left his position as CEO, the latest Chinese billionaire founder to step aside amid increased government scrutiny of the country’s technology industry. Liu will hand over the reins to JD.com’s president Xu Lei, according to a company statement. …

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Twitter to Start Testing Long-Awaited Edit Feature Soon

Twitter said on Tuesday it will begin testing a new edit feature in the coming months, surprising its users on the same day it said Tesla boss Elon Musk would join the social media company’s board.  Jay Sullivan, Twitter’s head of consumer products, said in a tweet the company had …

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Kenya Gets Huawei-Linked Chinese Communications Cable

China has connected a high-speed, multimillion-dollar, 15,000-kilometer undersea cable to Kenya, as Beijing advances what’s been dubbed its “digital silk road,” and Africa seeks the infrastructure it badly needs for better internet connectivity.   Chinese giant Huawei is a shareholder in the $425-million PEACE cable, which stands for “Pakistan and …

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EU Negotiators Agree on Landmark Law to Curb Big Tech

Negotiators from the European Parliament and EU member states agreed Thursday on a landmark law to curb the market dominance of U.S. big tech giants such as Google, Meta, Amazon and Apple. Meeting in Brussels, the lawmakers nailed down a long list of do’s and don’ts that will single out …

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Microsoft Faces Anti-Competition Complaint in Europe

Three companies have lodged a complaint with the European Commission against Microsoft, accusing the U.S. technology giant of anti-competitive practices in its cloud services, sources told AFP on Saturday, confirming media reports. Microsoft is “undermining fair competition and limiting the choice of consumers” in the computing cloud services market, said …

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