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Musk seeks evidence on Twitter spam bot share to move deal forward
May 17 (Reuters) – Elon Musk said on Tuesday his $44 billion bid would not go ahead until Twitter Inc proves that spambots make up less than 5% of its total users, some hours after suggesting he might seek a lower price for the business. “My offer was based on the accuracy of Twitter’s filings […]
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Elon Musk says Twitter’s legal team told him he violated an NDA
Tesla CEO Elon Musk attends the groundbreaking ceremony for the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register May 14 (Reuters) – Elon Musk tweeted on Saturday that the legal team at Twitter Inc (TWTR.N) accused him of breaching a non-disclosure agreement by […]
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Twitter CEO announces departure of two executives, hiring on hold amid Musk takeover
A Twitter logo 3D printed over non-3D printed Twitter logos is seen in this illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register May 12 (Reuters) – Two senior executives at Twitter (TWTR.N) who oversee the consumer and revenue divisions will leave the social media company, chief executive […]
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Google’s second computer glasses trial translates conversations in real time
May 11 (Reuters) – Science fiction is harder to see in Google’s second try at glasses with a built-in computer. A decade after the launch of Google Glass, a pair of nubby, sci-fi specs that filmed what wearers saw but raised privacy concerns and received low marks for design, the Alphabet unit Inc (GOOGL.O) previewed […]
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Nasdaq drops more than 3% as US inflation data provides little relief to investors
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register US consumer prices slow in April; inflation still high Coinbase falls on first quarter revenue slump, net loss Indices: Dow down 1%, S&P 500 down […]
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EXCLUSIVE Google pays over 300 EU publishers for news, more to come
BRUSSELS, May 11 (Reuters) – Google’s Alphabet (GOOGL.O) unit has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others. also register, the company told Reuters. The move, which will be publicly announced later […]
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S&P 500 and Nasdaq end higher in choppy session as inflation data looms
All eyes on US CPI data on Wednesday Peloton falls as CEO says company is ‘thinly capitalized’ Indices: Dow down 0.3%, S&P 500 up 0.3%, Nasdaq up 1% NEW YORK, May 10 (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, with major growth stocks rising after the previous day’s sell-off as Treasury […]
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Investors think Musk is unlikely to buy Twitter at the agreed price of $44 billion
May 10 (Reuters) – The stock market said for the first time on Tuesday that Elon Musk was unlikely to acquire Twitter Inc (TWTR.N) for $44 billion, as he had originally agreed. The implied probability of the deal closing at that price fell below 50% when Twitter shares reached $46.75, based on the deal price […]