(Reuters) According to three people familiar with the matter, Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he would cut executive and board pay at the social media company in an effort to cut costs, and that he would developContinue Reading
As the first half of the tech earnings season comes to a close, one recurring theme has been the digital ad market’s fragility. The situation in Ukraine, increasing prices, Apple’s privacy measures, and a general decrease in ad spending all contributed to Facebook, Google, Amazon, and Twitter reporting poor revenueContinue Reading
Following El Salvador’s acceptance of Bitcoin as a national currency last year, the Central African Republic (CAR) has become the second country to do so. According to Reuters and BBC News, the government of the Central African Republic claims that a bill to adopt Bitcoin was voted unanimously by theContinue Reading
Twitch is rumoured to be looking to increase income from top streamers. Top Twitch streamers are outraged at reports that the Amazon-owned network is planning to decrease pay-outs in its partnership programme to improve profitability. Twitch is mulling a variety of adjustments, according to Bloomberg News, in order to generateContinue Reading
Apple recently issued a warning to developers, stating that if they do not update their App Store apps within the next month, they would be withdrawn. The change, which has angered some developers, appears to be part of Apple’s “App Store Improvement” initiative, which aims to improve the quality andContinue Reading
The news that Twitter had accepted Elon Musk’s purchase bid boosted the price of dogecoin on Monday afternoon. Following the revelation that Twitter might be bought by a corporation controlled by Tesla CEO Elon Musk, the meme cryptocurrency rose by as much as 27%. Dogecoin just increased by 24.3 percent.Continue Reading
Microsoft CEO Satya Nadella stated Tuesday during the company’s third-quarter results call that more than 10 million individuals have streamed games via Xbox Cloud Gaming. Because cloud gaming is only available as part of the $14.99 per month Xbox Game Pass Ultimate premium, the data released Tuesday implies that aContinue Reading
Warner Bros. is planning a sequel to Matt Reeves’ The Batman, which will star Robert Pattinson as Batman. Toby Emmerich, president of Warner Bros. Motion Picture Group, unveiled the new picture at CinemaCon on Tuesday, according to Deadline. Despite the fact that my colleague Charles Pulliam-Moore thought it was “oneContinue Reading
White House officials and Democratic strategists are quietly worried about Elon Musk’s $44 billion hostile purchase of Twitter’s influence on the 2024 presidential race, specifically whether the billionaire would allow former President Donald Trump to return to the network. Officials in President Joe Biden’s office are keeping a tight eyeContinue Reading
On Tuesday, Alphabet revealed that its board of directors has authorised $70 billion in share repurchases, up from $50 billion last year and $25 billion this year. The statement on Tuesday marks a big step forward in Alphabet’s aim of returning cash to shareholders through share repurchases. Alphabet said itContinue Reading
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