Twitter’s board was close to a deal to sell the company to Elon Musk at his offer price of $54.20 a share, or $43 billion, multiple outlets reported Monday morning. Bloomberg and Reuters both reported that a deal could be reached later Monday. Under an agreement being negotiated, Twitter would be able to accept another offer if one emerged by paying Musk a breakup fee, Reuters reported. Such a...
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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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