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SAN FRANCISCO (AP) — Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have pulled off, had he wanted. Musk spent roughly three more hours on the stand during his […]

Twitter is facing two separate lawsuits over its failure to meet rent payments in its London office and its San Francisco headquarters, as the social media giant’s financial struggles continue. The Crown Estate, which manages properties in King Charles’ portfolio, is allegedly suing Twitter over unpaid rent in the company’s U.K. headquarters in London at […]

SAN FRANCISCO (AP) — Elon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet. In the tweet, which resulted in a $40 million settlement with securities regulators, Musk claimed he had lined up the financing to take […]

LONDON (AP) — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Google CEO Sundar Pichai, who also leads its parent company Alphabet, informed staff Friday at the Silicon Valley giant […]

Microsoft plans to lay off thousands of employees to reduce costs as the global economy slows, the company said Wednesday. The cuts will affect 10,000 people worldwide. In a blog post announcing the layoffs, Microsoft CEO Satya Nadella pointed to widespread fears of recession and a downturn in consumer demand, which have led to similar […]

DAVOS, Switzerland (AP) — The World Economic Forum says billionaire Elon Musk wasn’t on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland — despite what the Twitter owner claims. Notables from European Union chief Ursula von der Leyen to actor Idris Elba are gathering in […]

Ohio and New Jersey have become the latest U.S. states to ban the use or download of TikTok on devices owned or provided by the government. The social media giant, which became very popular during the COVID pandemic, is owned by Chinese company ByteDance and has been floated as a national security liability over its […]

New York Gov. Kathy Hochul (D) signed a bill into law Wednesday that aims to crack down on stringent warehouse work quotas at companies like Amazon. The law, known as the Warehouse Worker Protection Act, requires distribution centers to disclose work speed data to their employees so they better understand their productivity rate and the […]

Tech billionaire Elon Musk said his Neuralink company is seeking permission to test its brain implant in people soon. In a “show and tell” presentation live streamed Wednesday night, Musk said his team is in the process of asking U.S. regulators to allow them to test the device. Advertisement He said he thinks the company […]

Twitter quietly chucked out its COVID-19 misinformation policy last week as the platform’s new overlord, Elon Musk, continues making changes that have so far proven frightening to advertisers. A page aimed at increasing transparency surrounding content moderation decisions on Twitter now features a prominent note: “Effective November 23, 2022, Twitter is no longer enforcing the […]