Month: October 2022

Musk’s Twitter deal is his least bad option – but he must repair the damage he’s done

Elon Musk will proceed with the $44bn buyout of Twitter, but a bumpy road still lies ahead for the company Elon Musk was always going to struggle to win in Delaware. He had signed a binding agreement to buy Twitter for $44bn and to make his “reasonable best efforts” to complete the deal. Saying he …

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Elizabeth Holmes sentencing date delayed amid request for new trial

Theranos founder, convicted of fraud and facing 20 years in prison, requested new trial because of key prosecution witness concerns A judge has agreed to move the sentencing date for Elizabeth Holmes to evaluate the Theranos founder’s request for a new trial. Holmes, who was convicted on four of 11 counts of fraud for her …

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Dutch town falsely linked to satanic paedophiles loses Twitter court case

Judge rules Twitter has ‘done enough’ to remove defamatory tweets about Bodegraven Reeuwijk A Dutch town has lost a court case asking Twitter to do more to stop the spread of a false conspiracy theory claiming it was home to a ring of Satan-worshipping paedophiles. Bodegraven Reeuwijk in the western Netherlands sued the social media …

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Twitter shares halted amid reports Elon Musk to go ahead with $44bn buyout

Tesla CEO had been set for court showdown after attempting to scrap deal Shares in Twitter have been suspended following a report that Elon Musk has offered to push ahead with a $44bn acquisition of the platform after performing a dramatic U-turn on his decision to walk away from the deal. Bloomberg reported on Tuesday …

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TikTok reports $1bn turnover across international markets

Chinese-owned platform popular among teens and young adults saw its turnover rise by 477% last year TikTok has reported a five-fold surge in turnover to $1bn (£875m) across its operations in international markets including the UK and Europe last year, as trend-setting teens and young adults continue to make the video-sharing platform the hottest social …

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Children need to be protected from toxic social media platforms | Letters

Readers reflect on Molly Russell’s inquest verdict and hope that it will be a turning point for technology firms Regarding the Molly Russell inquest, my 19-year-old daughter has grown up on social media, suffered with intense anxiety and depression, self-harmed for all of her secondary school years and attempted suicide more than once (The Molly …

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The ransomware hunters: the inside story of the self-taught tech geniuses fighting cybercrime

Hackers are increasingly taking users’ data hostage and demanding huge sums for its release. They have targeted individuals, businesses, vital infrastructure and even hospitals. Authorities have been slow to respond – but there is help out there Around 9pm on Monday 23 November 2020, the IT manager for a school in central London received a …

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Google UK staff earned average of more than £385,000 each in 18 months

Figures to end of December come as tech firm gave almost £1bn in share-based payments Google UK’s staff earned an average of more than £385,000 each in the 18 months to the end of December, as the tech company gave almost £1bn in share-based payments. Google, which like other tech firms is looking at budget …

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