Elon Musk’s tardy disclosure in early April of his initial 9.1% stake in Twitter is under investigation at the Securities and Exchange Commission, the Wall Street Journal reported on Wednesday. The delay allowed Musk to buy Twitter shares without alerting other investors and likely raising the cost for himself. Investors must publicly disclose their stakes in companies once they own 5% of the...
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How Instagram’s TikTok Envy Finally Backfired
Last month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the Chinese short-form video app, though. The Information has learned that recent tests of changes to...
China’s Economy Slows Amid Soaring Youth Unemployment
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
Peloton Announces Job Cuts, Store Closures and Price Hikes
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