Jack Dorsey and Elon MuskMARCO BELLO/AFP/Picture Alliance/Getty Images Twitter cofounder and former CEO Jack Dorsey “whispered” in Elon Musk’s ear that the social-media platform ought to be a private company, and other billionaire contacts pushed Musk to pursue the takeover deal he ultimately made, the Wall Street Journal reported Friday. Dorsey, who stepped down as Twitter CEO in November, has publicly and heartily supported Musk’s purchase, saying that he is a “singular solution” to leading… Source link

Google has expanded options for keeping personal information private from online searches. The company said earlier this week that it will let people request that more types of content such as personal contact information like phone numbers, email and physical addresses be removed from search results. The new policy also allows the removal of other information that may pose a risk for identity theft, such as confidential log-in credentials. The company said in a statement that open access… Source link

Getty Images; Chris Ratcliff | Bloomberg | Getty Images Shares of Amazon and Google parent Alphabet just closed out their steepest monthly drops since the 2008 financial crisis. The internet giants both reported weaker-than-expected quarterly results this week, hurt by a combination of macroeconomic factors, the war in Ukraine and tough comparisons to blowout numbers during the pandemic. Amazon tumbled 23.8% in April, its biggest decline since falling 25.4% in November 2008, the same month… Source link

Experts remain mixed on the outlook for the organizational health of Twitter (TWTR) and Tesla (TSLA) following the announcement of Elon Musk’s $44 billion buyout of the social media platform. The deal is expected to close around September to October and will take the company private. However, MIT Initiative on the Digital Economy (IDE) Director Sinan Aral thinks Musk may have bitten off more than he can chew. “In this case, I think that Elon Musk is in over his head this time because… Source link

Google said this week it is expanding the types of data people can ask to have removed from search results, to include personal contact information like your phone number, email address or physical address. The move comes just months after Google rolled out a new policy enabling people under the age of 18 (or a parent/guardian) to request removal of their images from Google search results. Google has for years accepted requests to remove certain sensitive data such as bank… Source link

Former tennis star Boris Becker was sentenced to more than two years in prison on Friday after he illegally transferred large amounts of money after declaring that he was bankrupt, according to The Associated Press. Becker was convicted in London earlier this month on four charges under the country’s Insolvency Act, per the report. Officials said that the 54-year-old transferred hundreds of thousands of pounds from his business account to other accounts after he declared bankruptcy in… Source link

In the afterglow of the NFL draft, everyone thinks their team’s rookie class will work out great. If you have multiple first-round picks, the sky is the limit. Just wait until the optimistic draft grades for each of those teams that picked more than once in the first round on Thursday. It would be great if the NFL was that easy. The Las Vegas Raiders know it’s not. In 2019, the Raiders had just traded edge rusher Khalil Mack and receiver Amari Cooper, but they were awash in first-round picks…. Source link

The demise of CNN+ has led to further questions about the role of cable companies in the streaming era. The soon-to-vanish platform, once hailed as one of the most significant launches in the legacy media business, will shut down on April 30 — just one month after its launch. The news arrived shortly after David Zaslav’s takeover, with the newly formed Warner Bros. Discovery (WBD) making it abundantly clear that the venture’s reported four-year budget of $1 billion was not worth the cost. So… Source link

Rivian’s (RIVN) recent stock performance may have burned a hole in many a retail investor’s portfolio. It’s also burned a big hole in Ford (F), and now Amazon’s, quarterly performance. Last night in its first quarter earnings report, Amazon (AMZN) revealed it booked a $7.6 billion mark-to-market loss on its investment in Rivian, which led to an overall $3.8 billion net loss for the quarter. Amazon owns an 18% stake in the electric vehicle maker. Earlier this week, Ford reported an overall $3.1… Source link

Even mega-cap tech giant Amazon couldn’t bear up against the macroeconomic headwinds that imperiled Corporate America last quarter. Shares of Amazon (AMZN) plunged 12% on Friday, marking the tech giant’s biggest intraday drop since July 14, according to Bloomberg data. The slide wiped $170 billion off the company’s market valuation and sent the stock to its lowest level since June 2020. The sell-off comes at the heels of a disappointing earnings report from Amazon that showed a loss of… Source link