Musk Proposes to Buy Twitter for Original Price of $54.20 a Share

Musk Proposes to Buy Twitter for Original Price of .20 a Share

Musk’s legal team was getting the sense that the case was not going well, as Judge Kathaleen St. J. McCormick sided repeatedly with Twitter in pretrial rulings, according to one person familiar. Even with the late emergence of a Twitter whistleblower who alleged executives weren’t forthcoming on security and bot issues, there were concerns Musk’s … Read more

Gucci, Prada At Goodwill? New Resale Site Will Feature Luxury Brands

Gucci, Prada At Goodwill?  New Resale Site Will Feature Luxury Brands

(Bloomberg) — Goodwill is making its first big push online with GoodwillFinds, a curated marketplace of donated goods that seeks to compete with Poshmark Inc. and RealReal Inc., secondhand sites where resale has become sport to shoppers hunting luxury brands to flip for profit. Launching with more than 100,000 items that typically fill the racks … Read more

Europe’s AI crackdown, and Iran’s internet resistance

Europe’s AI crackdown, and Iran’s internet resistance

What’s happening: The EU is creating new rules to make it easier to sue AI companies for harm. A bill unveiled last week, which is likely to become law in a couple of years, is part of Europe’s push to prevent AI developers from releasing dangerous systems. The details: The goal of the bill is … Read more

AT&T, Verizon and Comcast stocks just had their worst quarter in two decades

AT&T, Verizon and Comcast stocks just had their worst quarter in two decades

Some of the biggest telecommunications stocks just posted their steepest quarterly declines in two decades amid pressures both new and old on the cable and wireless industries. Shares of wireless companies AT&T Inc. T, -1.22% and Verizon Communications Inc. VZ, -1.73% lost 26.8% and 25.2%, respectively, during the third quarter. Those were the largest quarterly … Read more

Tencent Loses Crown in World’s Biggest Stock Wipeout

Tencent Loses Crown in World’s Biggest Stock Wipeout

“There are no positive catalysts for Tencent in the second half, since its earnings will continue to be under pressure from the weak macro environment,” said Kenny Wen, head of investment research at KGI Asia Ltd. “And even when that improves in China, we are in an era of monetary tightening, so it will be … Read more

The ITU’s Secretary-General Election Could Shape the Internet’s Future

The ITU’s Secretary-General Election Could Shape the Internet’s Future

The Russian candidate to replace him, Ismailov, is no stranger to China’s international policy: He spent three years as a regional vice president at Huawei. From there, Ismailov rose through the ranks of the Russian Ministry of Telecom and Mass Communications before joining Nokia and later Russian telecommunications firm PJSC VimpelCom. Beijing and Moscow have … Read more

Elon Musk May Lose a Lot in Three Days

Elon Musk May Lose a Lot in Three Days

It’s money time for Elon Musk. If summer has passed, autumn is off to a flying start for the richest man in the world. The tech tycoon has important appointments at the end of September that could have a considerable impact on the empire he is building. These appointments can also affect the image of … Read more

Growing Old Online | WIRED

Growing Old Online |  WIRED

Sometimes when I can’t sleep, I put the Twitter app back on my phone and scroll aimlessly. I’m trying to hurt my own feelings, and I’m always successful. I want something to hate, I want someone to be wrong, I want someone or something to hurt me. And I always get it, because that’s what … Read more

In Dozens of Lawsuits Parents Blame Meta, TikTok for Hooking Kids

In Dozens of Lawsuits Parents Blame Meta, TikTok for Hooking Kids

(Bloomberg Businessweek) — A 16-year-old girl in Utah becomes so obsessed with her body image after getting hooked on Instagram that she develops anorexia and bulimia. A boy from Michigan goes from watching YouTube videos for several hours a day at age 9 to binging all night on TikTok and Snapchat, then ends up sharing … Read more

Alphabet CEO Pichai Continues to Sound Alarm About the Economy

Alphabet CEO Pichai Continues to Sound Alarm About the Economy

Alphabet (GOOGLE) the parent company of Google, wants to avoid unpleasant surprises. The firm is convinced that a sharp slowdown in growth will have an impact on advertising revenues, its main source of income. For a few months now, the group has therefore been trying to prepare for a dark scenario as the Federal Reserve … Read more