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Elon Musk’s former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. Sam Teller, who worked closely with Musk from 2014 to

Twitter has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk’s purchase of the social media company last year, according to two people familiar with the matter. Twitter paid about $300 million (roughly Rs. 2,500 crore) to a group of banks last week, one of the sources

TikTok Chief Executive Shou Zi Chew will appear before the US Energy and Commerce Committee in March, as lawmakers scrutinize the Chinese-owned video-sharing app. Chew will testify before the committee on March 23, which will be his first appearance before a congressional committee, said Representative Cathy McMorris Rodgers, the Republican chair of the panel, in

Over the last year, Big Tech firms have laid off over 70,000 people worldwide. Workers at major technology companies such as Alphabet, Amazon, Meta, Twitter, Microsoft, and Salesforce have been laid off in large numbers. Tesla, Netflix, Snap, and Spotify have also cut several jobs, but their layoffs are markedly smaller than larger firms. A

Twitter users will be able to appeal account suspensions and be evaluated under the social media platform’s new criteria for reinstatement, starting Feb. 1, the company said on Friday. Under the new criteria, which follow billionaire Elon Musk’s purchase of the company in October, Twitter accounts will only be suspended for severe or ongoing and

The House Foreign Affairs Committee plans to hold a vote next month on a bill aimed at blocking the use of China’s popular social media app TikTok in the United States, the committee confirmed on Friday. The measure, planned by the panel’s chair Representative Michael McCaul, a Republican, would aim to give the White House

Elon Musk’s team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter for his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. According to the report, Musk‘s representatives discussed selling

Twitter has altered the way the “For You” and “Following” timeline tabs on its homepage function. It announced on Wednesday that the Web version of the social media platform will now remember the timeline a user was last on. On their return to the site, the user will be greeted by the timeline tab they

Advertising spend on Twitter dropped by 71 percent in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover. The recent data by Standard Media Index (SMI) comes as Twitter is moving to reverse the advertiser exodus. It has introduced a slew of initiatives

Britain’s Crown Estate, an independent commercial business that manages the property portfolio belonging to the monarchy, said on Monday it had begun court proceedings against Twitter over alleged unpaid rent on its London headquarters. Court lists showed the case against Twitter had been filed at the High Court in London last week. In a statement,

Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are “too frequent on Twitter and too big,” and that steps will be taken to address those issues in coming weeks. Twitter did not immediately respond to a

Twitter will receive an update that will allow the app to remember the last feed a user was viewing, the company’s CEO Elon Musk revealed on Saturday. The microblogging service recently updated its Android and iOS apps with a “For You” feed with recommended tweets that is shown to users by default. Twitter will also allow

Twitter has about 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, including fewer than 550 full-time engineers by title. About 75 of the company’s 1,300 employees are on leave including about 40 engineers, CNBC said, citing

Social media giant Meta has been fined an additional EUR 5.5 million (roughly Rs. 47.8 crore) for violating EU data protection regulations with its instant messaging platform WhatsApp, Ireland’s regulator announced Thursday. The penalty follows a far larger EUR 390 million (roughly Rs. 3,429 crore) fine for Meta’s Instagram and Facebook platforms two weeks ago

A neon Twitter bird for $35,000 (roughly Rs. 2,848,000), anyone? How about a used industrial kitchen mixer for a good price? Going once …. When Elon Musk wants to make a point, it can be pretty blunt. On the day he took over Twitter last fall, he walked in to the San Francisco company’s headquarters

Meta’s oversight board on Tuesday overturned the company’s decision to remove two Instagram posts depicting transgender and non-binary people with bare chests, saying that Meta needed to change its policy to make it more inclusive. The board, which is funded by Meta but operates independently, said in a ruling that the company’s adult nudity policy

While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Long before Musk purchased Twitter for $44 billion (roughly Rs. 3,37,465 crore) in October, he had set his sights on Tesla, the electric automaker where he continues to

Twitter became inaccessible via third-party apps last week. Now it appears that the Elon Musk-owned microblogging site has intentionally suspended popular third-party Twitter clients, including Tweetbot. According to a report, Twitter’s move to bar third-party apps was intentional, and users can now only access the platform via the official Twitter app. Additionally, Tweetbot co-creator Paul