Musk and Twitter Near a Deal, Reports Say
A deal would be a stunning turnaround for Twitter's board, which had appeared so opposed to Musk's offer that it instituted a poison pill to block him making a tender offer.
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Musk’s Texts Show Tussle with Saudis in ‘Funding Secured’ Debacle
Texts between the Tesla CEO and a major Saudi Arabian shareholder in 2018 reflect the period after Musk's questionable tweet that he had secured funding to take the company private.
Alphabet’s Robotics Subsidiary Acquires AI Startup Vicarious
Vicarious, whose founders in 2010 talked with their counterparts at DeepMind about merging the two startups, is joining Alphabet's industrial robotics company.
India’s Ola Electric Recalls 1,441 Scooters After Fire Incident
Ola Electric, whose backers include SoftBank and Tiger Global, said it views the fire incident as an isolated case and the recall is a "pre-emptive measure."
Self-Driving Startup Pony.ai Obtains Taxi License in China
The company plans to start charging fares for robotaxi rides in the southern Chinese city of Nansha next month.
Twitter Discusses Deal to Sell to Elon Musk: WSJ
Musk met with some large shareholders to argue the advantages of his proposal.
Coinbase CEO Criticizes Apple for ‘Potential Antitrust Issues’
Apple’s App Store prohibits crypto apps from giving currency to users who complete certain tasks like encouraging others to download the app.
FTC Can’t Block Allegedly Deceptive TurboTax Ads
The FTC accused Intuit of deceptively advertising TurboTax as free.
Stripe Partners with Twitter on Crypto Payouts for Creators
The move is the latest initiative from Stripe to expand its support for crypto, four years after it abandoned support for Bitcoin payments.
China’s Senior Officials Ask for Revisions to Didi Global’s Penalties
Didi, which will hold a shareholder vote next month to approve its delisting in the U.S., continues to face many regulatory uncertainties in China.
Chinese E-Commerce App Xiaohongshu Cuts 9% of Staff
China's e-commerce sector is grappling with an economic slowdown and the country's recent Covid-19 lockdowns that have severely affected supply chains.
AWS CEO Says No Current Plans for Spinoff
Adam Selipsky, who returned to AWS as CEO last July, said Amazon isn't mulling a spinoff of the cloud unit.
Snap Warns on Second Quarter as Economic Headwinds Rise
War in Ukraine, which prompted pause in advertising, compounded challenges from Apple’s privacy changes.
Warner Bros. Discovery Shuts Down CNN+
The move comes as the newly merged Warner Bros. Discovery is seeking cost savings.
Sheryl Sandberg Pressured UK Tabloid To Drop Kotick Story: Report
The Meta COO is reportedly facing internal scrutiny over the events from 2016 and 2019.
Amazon to Let Third-Party Retailers Use Logistics and Delivery Network
The move will put Amazon at odds with the likes of Shopify and delivery companies like FedEx and UPS.
Musk Details $25.5 Billion Financing Commitments for Twitter Bid
The commitments rely in part on Musk pledging more of his Tesla stake, worth around $200 billion.
Obamas and Spotify Decide Not to Renew Podcasting Deal
The move comes as Spotify's longtime content executive is leaving the company.
Elon Musk’s Boring Company Raises $675 Million
The new funding round, led by Vy Capital and Sequoia Capital, has boosted the startup's valuation to $5.675 billion.
YouTube Takes Down Channel of Hong Kong’s Leadership Candidate
John Lee, Hong Kong's sole candidate to become its next leader, was among a group of Hong Kong officials sanctioned by the U.S. government in 2020.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy