Elon Musk launched a takeover offer for Twitter, bidding $54.20 in cash, in a deal that values Twitter at $43 billion, ending comprehensively speculation about his intentions. Musk also declared that he doesn’t “have confidence in management” and said that if the deal failed, he would “reconsider my position as a shareholder.” In a letter to Twitter chairman Bret Taylor on Wednesday, Musk said...
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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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