Elon Musk will acquire Twitter for $44 billion, or $54.20, Twitter confirmed, sealing a deal just 12 days after Musk first proposed it. Twitter chair Bret Taylor said in a statement that the Twitter board “conducted a thoughtful and comprehensive process” to assess Musk’s offer. “We believe it is the best path forward for Twitter’s stockholders.” The board’s acceptance of Musk’s offer comes...
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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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