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Days After Twitter's Acquisition, Musk Sells $3.95 Billion Worth Of Tesla Shares

Days after completing his $44 billion acquisition of Twitter Inc., Tesla Inc. Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle manufacturer, according to U.S. regulatory filings.   According to filings made public by the U.S. Securities and...

Nvidia Provides China With A New Cutting-Edge Chip That Complies With U.S. Export Laws

American chip manufacturer Nvidia Corp. is now selling an advanced chip in China that complies with new export regulations intended to prevent China from obtaining cutting-edge technology, according to a statement from the chip maker.    In response to Reuters' claims that Chinese...

Facebook Parent Company Meta Is Planning Significant Layoffs This Week: Wall Street Journal

The Wall Street Journal reported on Sunday, citing people familiar with the situation, that Meta Platforms Inc. plans to start mass layoffs this week that will affect thousands of employees. An announcement is expected as early as Wednesday.   Meta chose not to respond to the WSJ article....

Musk Discusses Twitter's Mission And The Accuracy Of Its Content

Elon Musk, the newly appointed CEO of Twitter Inc., stated on Sunday that the goal of the social media platform was to become the most accurate information source about the world, which sparked discussion about how it would accomplish this goal and who gets to decide what is accurate.   A...

Lie After Lie Is Spread On Twitter All Over The World, Says Biden

President of the United States Joe Biden claimed on Friday that Elon Musk had bought the libelous Twitter social media platform.   Despite claiming that the team in charge of stopping the spread of misinformation was less affected, Twitter cut half of its staff on Friday as advertisers...

PayPal Cuts Forecasts Warning Of A Slowdown In Spending

The payments processor PayPal cut its annual revenue forecast and warned of a dismal holiday quarter as consumers cut back on discretionary spending, causing shares of the company to fall 7% in premarket trading.   Consumers' purchasing power has been impacted by decades-high...

Twitter’s Office Closed Temporarily As Firm Starts Layoffs

After informing staff that they would receive notification of their employment status via email later in the day, Twitter Inc. temporarily closed its doors on Friday. The decision was made after a week of ambiguity regarding the company's future under Elon Musk's ownership.   In an email to...

German Company Uniper Reports A Record-Breaking Net Loss Of 40 Billion Euros

After Russia cut off its supplies, the soon-to-be-nationalized gas importer Uniper reported a record 40 billion euro ($39.3 billion) net loss in the first nine months of this year, the largest in German corporate history.   By making Uniper the largest corporate casualty of the crisis thus...

Layoffs To Be Started At Morgan Stanley In Weeks Due To Slowing Dealmaking

According to a Reuters report quoting three people with knowledge of the plan, Wall Street giant Morgan Stanley will likely begin a new round of global layoffs in the coming weeks as dealmaking suffers as a result of rising inflation and the global economic downturn.   According to two...

ConocoPhilips Is A Partner In The QatarEnergy LNG Expansion Project

ConocoPhillips has been named as the third and final partner on QatarEnergy's North Field South expansion, a component of the largest liquefied natural gas (LNG) project in the history of the world, by the company's chief executive on Sunday.   According to Saad al-Kaabi, who spoke at a...

Twitter Will Change How It Verifies Users, According To Elon Musk

Just days after taking control of one of the most significant social media platforms in the world, Elon Musk announced in a tweet on Sunday that Twitter would change its user verification procedure.   Musk stated in a tweet that "the entire verification process is currently being revamped"...

China Rolls Out First Inhalable COVID Vaccine

A new type of COVID-19 vaccine that is administered via inhalation rather than injection was this week introduced in Shanghai, the commercial capital of China, in what is thought to be a first for the world.   In September, Chinese authorities gave their approval for CanSino Biologics'...
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