Social media platform abandoned its offices near Piccadilly Circus after Elon Musk takeover Twitter is being sued by the crown estate for allegedly failing to pay rent on its London headquarters. The estate, which manages property belonging to King Charles III, filed a claim against Twitter in the high court in the capital last week. …
Twitter sued by crown estate over alleged unpaid rent on London HQ Read More »
While the fraudsters I’ve encountered are often cunning, sooner or later they get carried away FTX’s HQ, we now know, was not your typical one. CEO Sam Bankman-Fried ran his business from a $40m Bahamian penthouse named the Orchid, complete with Venetian plaster walls and a grand piano. The lot was nestled beside a championship …
I’m a corporate fraud investigator. You wouldn’t believe the hubris of the super-rich Read More »
Elon Musk continues trial accusing him of defrauding investors by driving up the price of Tesla stock with his tweets Elon Musk continued his testimony in a trial accusing him of defrauding investors by driving up the price of Tesla stock with his tweets on Monday, saying that he understood that Saudi financiers were “unequivocally” …
Musk tells court Saudis ‘unequivocally’ backed plan to take Tesla private Read More »
Company says deal with OpenAI will involve deploying artificial intelligence technology across its products Microsoft has announced a deepening of its partnership with the company behind the artificial intelligence program ChatGPT by announcing a multibillion dollar investment in the business. It said the deal with OpenAI would involve deploying the company’s artificial intelligence models across …
Microsoft confirms multibillion dollar investment in firm behind ChatGPT Read More »
Music streaming service becomes latest tech firm to announce cuts after pandemic overexpansion The music streaming service Spotify has said it is cutting about 600 jobs, as it became the latest big tech company to admit it expanded too quickly during the coronavirus pandemic. Its co-founder and chief executive, Daniel Ek, told staff in a …
Spotify to cut 600 jobs after CEO admits to expanding too quickly Read More »
The influential academic says renewables alone can halt climate crisis, with technologies such as carbon capture expensive wastes of time “Combustion is the problem – when you’re continuing to burn something, that’s not solving the problem,” says Prof Mark Jacobson. The Stanford University academic has a compelling pitch: the world can rapidly get 100% of …
‘No miracles needed’: Prof Mark Jacobson on how wind, sun and water can power the world Read More »
US investment group typically buys stakes in underperforming firms and seeks changes to way they are run The US activist investor firm Elliott Investment Management has taken a multibillion-dollar stake in Salesforce, the business software company that owns the Slack messaging platform. Elliott, which typically buys stakes in underperforming companies and seeks changes to the …
Activist investor Elliott takes stake in Slack owner Salesforce Read More »
Popular role-playing game is being cut off due to a dispute between US developer and its Chinese partner Millions of Chinese players of the roleplaying epic World of Warcraft (WoW) will bid a sad farewell to the land of Azeroth, with the game set to go offline after a dispute between the US developer Blizzard …
World of Warcraft to go offline in China, leaving millions of gamers bereft Read More »
Tesla boss hopes for rise in revenue after advertising downturn in wake of takeover Twitter is planning an advertising-free version of its subscription product, as the company attempts to raise revenue and increase demand for its premium offering. Elon Musk has targeted an increase in subscription revenue as a key part of the social media …
Twitter to launch ad-free subscription tier, Elon Musk says Read More »
Social media platform faces $300m interest payment this week, and default could trigger debt restructuring – or bankruptcy Elon Musk sold a statue of Twitter’s bird logo last week for $100,000 – and he needs the money. The social media platform that he owns reportedly faces an interest payment of about $300m (£242m) on its …
Is Elon Musk’s Twitter in too much trouble to cover its debts? Read More »
