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Vijaya Gadde.Twitter Elon Musk bought Twitter on Monday and could shift its approach to content moderation. One key architect of those content policies is the attorney Vijaya Gadde. On Monday, Gadde cried during a meeting that discussed the acquisition, three people told Politico. Twitter’s top attorney and a key voice in decisions such as barring President Donald Trump from the platform became emotional and cried in a meeting with employees discussing Elon Musk’s acquisition of the platform on… Source link

U.S. stock futures opened mixed Tuesday evening after the major equity indexes slid during the regular trading day, as concerns over inflation and global economic growth stirred up further volatility across risk assets. Contracts on the S&P 500 dipped. The index dropped 2.8% on Tuesday for its largest decline in seven weeks, with technology shares especially slammed. The Nasdaq Composite sank 4% to fall to 12,490.74 — its lowest level since December 2020. With just three trading days left… Source link

The mysterious New York Yankees letter was leaked to the public Tuesday, just a few days before it was scheduled to be unsealed by judge’s order. We finally know what MLB commissioner Rob Manfred wrote to Yankees GM Brian Cashman regarding MLB’s investigation into cheating allegations against the team. So what did the letter say? There are two main revelations: The Yankees used their dugout phone to relay stolen signs in 2015 and 2016, and Manfred appears to have hid the truth from the public… Source link

(Bloomberg) — Google parent Alphabet Inc. reported first-quarter revenue that fell short of analysts’ expectations, a rare miss for the technology giant reflecting slower ad sales in Europe and a lackluster performance by its YouTube video service. The shares declined about 6% in extended trading. Most Read from Bloomberg The company also announced a $70 billion share buyback program. Revenue, excluding payouts to distribution partners, increased 20% to $56 billion in the period ended March… Source link

Investors are warming to the fact the Federal Reserve is about to throw ice cold water on the hot U.S. economy where inflation is surging to four-decade highs. But whether the Fed hikes 50 basis points next week — or even a previously-unfathomable 75 points — Jerome Powell and company are unlikely to achieve the proverbial (and rare) soft landing, according to one veteran trader. Bill Smead, chief investment officer at Smead Capital Management, compared the present bout of persistently… Source link

The battle between Apple (AAPL) and Facebook parent Meta (FB) continues to heat up, as the iPhone maker released a new report on Tuesday it says refutes accusations that it profits handsomely from iOS privacy changes last year that have hamstrung Meta’s advertising business. The report, which was funded by Apple and performed by Columbia Business School professor Kinshuk Jerath, is meant to show that while Meta estimates Apple’s App Tracking Transparency technology will cost its ad… Source link

(Bloomberg) — Russia will cut off the gas to Poland and Bulgaria on Wednesday in a major escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine. Most Read from Bloomberg Moscow is making good on a threat to halt gas flows to countries that refuse President Vladimir Putin’s new demand to pay for the fuel in rubles. The European Union has rejected the move in principle but now payment deadlines are starting to fall due, governments across Europe need… Source link

Google’s parent company Alphabet (GOOG, GOOGL) reported first-quarter sales that were roughly in-line with estimates, with the tech giant showing resilience in its key search advertising and cloud businesses. However, earnings came in lower-than-expected as costs mounted, and growth in the tech behemoth’s YouTube business slowed sharply compared to last year. Shares of Alphabet dropped more than 4.5% in late trading following the results. Here were the main metrics from Alphabet’s report… Source link

As Disney (DIS) grapples with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, some experts say the dissolution might not even happen. “I don’t think it’s very likely,” said Richard Foglesong, Disney historian and author of the book “Married to the Mouse: Walt Disney World and Orlando.” “Frankly, the consequences are too dire,” Foglesong added. “Already you’re seeing conversations about the real cost of this, and who will pay. From all appearances… Source link

One of the hottest housing markets in the Southeastern U.S. has been quietly thriving in the shadow of its brighter, louder, and more glamorous sister city Miami. Tampa, Florida, was rated 2022’s hottest housing market by Zillow (Z, ZG), beating out other Florida cities as well as other major metros like Phoenix and Austin, Texas. The city outranked other markets due to its number of potential buyers, scarcity of homes, home sales, and flourishing job market. Tampa’s home values are also… Source link