Business

Tesla Issues 19th Vehicle Recall So Far This Year

Yahoo Finance reports: There are more headaches for Tesla as the automaker revealed it is recalling 321,000 vehicles due to a safety issue. In a filing posted over the weekend on the National Highway Traffic Safety Administration website, the automaker said some Tesla Model 3 sedans and Model Y SUVs had an issue that caused the tail lamps to “intermittently …

Read More »

Musk Axes Twitter’s Paid Verification System For Now

The Verge reports: Elon Musk told Twitter employees on Monday that the company won’t relaunch its paid verification subscription, Twitter Blue, until “we’re confident about significant impersonations not happening,” according to a recording of his remarks obtained by The Verge. Musk said last week that his $8 per month Blue subscription would be made available again on November 29th. But …

Read More »

SCOTUS To Hear Jack Daniels Vs Squeaky Dog Toy Case

Axios reports: The Supreme Court agreed Monday to hear a dispute between Jack Daniel’s and a dog toy company that sells chewable “Bad Spaniels” whiskey bottles. The case carries implications for trademark law — and a number of companies, like Levi Strauss and the makers of Campbell Soup, have filed amicus briefs on the topic. Jack Daniel’s asked the Supreme …

Read More »

NBA Team Sued For Promoting Collapsed Crypto Firm

Reuters reports: The Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency exchange. Elliott Lam, a Canadian citizen and Hong Kong resident, filed his proposed class-action lawsuit in San Francisco federal court on behalf of “thousands, if not millions” of people outside the United …

Read More »

Facebook To Axe Sexual Orientation Field From Profiles

TechCrunch reports: Facebook is notifying users that it will remove four information fields from profiles starting next month. These fields include religious views, political views, addresses and the “Interested in” field, which indicates a user’s sexual orientation. The change will go into effect on December 1. A spokesperson for the company told TechCrunch in an email that the reason behind …

Read More »

Musk Taunts Trump With “Crude Sexual Jesus Meme”

The New York Daily News reports: Elon Musk is taunting former President Donald Trump with a crude, sexually charged Jesus meme to suggest he’s struggling to keep away from Twitter. The world’s richest man shared the religious meme with his 118 million users on Sunday in response to Trump saying he had “no reason” to return to Twitter after new …

Read More »

If Trump Returns To Twitter, His Investors Might Sue

Semafor reports: Trump has been working on a merger deal between the platform, which is privately owned by Trump Media & Technology Group, and Digital World Acquisition Corp., a special purpose acquisition company (SPAC) that would take Trump’s business public, making it accountable to investors. Since Trump is a core part of Truth Social’s value, rejoining Twitter could create some …

Read More »

Disney Abruptly Reinstates Former CEO Bob Iger

CNBC reports: Bob Iger is back. Disney, in a shocking late Sunday announcement, said it had re-appointed Iger as chief executive, effective immediately, after Iger’s handpicked successor as CEO, Bob Chapek, came under fire for his management of the entertainment giant. Iger is a widely respected and liked figure at Disney. He oversaw its deals to acquire Pixar, Lucasfilm and …

Read More »

REPORT: Twitter’s Copyright Strike System Is Broken

The Verge reports: Twitter’s copyright strike system appears to be broken. Naturally, one user took this as an opportunity to post the entire The Fast and the Furious: Tokyo Drift movie in a series of two-minute clips spanning nearly 50 tweets. The thread has been up for almost a whole day now, and the fact that it hasn’t been taken …

Read More »

CBS News Suspends Usage Of Its Twitter Accounts

TMZ reports: CBS has started what could be a devastating ripple effect on Twitter, hitting the pause button, indefinitely, on posting new tweets amid uncertainty under Elon Musk’s stewardship. The network’s news division, CBS News, announced Friday it’d be suspending all Twitter activity from its official profiles as it continues to monitor things. CBS News says it’s doing this out …

Read More »

Musk Tweets Poll: “Reinstate Former President Trump”

The Daily Beast reports: Twitter czar Elon Musk sparked fresh controversy late Friday with a poll shared on the social media platform asking users whether or not they’d like to “reinstate former President Trump.” The post, which came amid fresh chaos at the company after Musk’s $44 billion takeover just three weeks ago, seemed likely to inflame concerns about disinformation …

Read More »

Theranos Scamster Elizabeth Holmes Gets 11 Years

Axios reports: Elizabeth Holmes on Friday was sentenced by a California judge to 11 years and three months in prison for defrauding investors in her failed blood-testing company, Theranos. This is the end of a years-long saga that saw the celebrated startup founder become a cautionary tale of Silicon Valley’s “fake it ’til you make it” culture. Holmes in January …

Read More »

Musk: Twitter Will Shadow-Ban “Negative” Tweets

Axios reports: Elon Musk on Friday announced Twitter would deemphasize “hate” or “negative” tweets and that it’s reinstated some accounts that had been suspended both before and after Musk acquired the company. Musk originally said he wouldn’t make any new content moderation decisions until a new “content moderation council” with “diverse views” convenes. To date, Musk has not publicly disclosed …

Read More »

Grindr Shares Soar Over 300% After NYSE Debut

Market Watch reports: Shares of Grindr Inc. GRND, +304.02% rocketed out of the gate under their new ticker Friday, after the LGBTQ social networking platform’s merger with special purpose acquisition company (SPAC) Tiga Acquisition Corp. was completed. The first trade on the New York Stock Exchange under the ticker symbol “GRND” after the 9:30 a.m. Eastern open was at $17.00, …

Read More »

Seven Dem Senators Press FTC To Investigate Twitter

Reuters reports: Seven Democratic senators sent a letter on Thursday to the Federal Trade Commission, warning that Twitter, now owned by Elon Musk, was acting in disregard of users and urging the agency to investigate any breach of a consent decree that the FTC inked with Twitter. The lawmakers, including Senators Richard Blumenthal and Elizabeth Warren, asked the agency to …

Read More »

Twitter Locks Employees Out Of Offices Until Monday

The BBC reports: Twitter has told employees that the company’s office buildings will be temporarily closed, with immediate effect. In a message seen by the BBC, workers were told that the offices would reopen on Monday 21 November. It did not give a reason for the move. The announcement comes amid reports that large numbers of staff were quitting after …

Read More »

REPORT: Hundreds Of Employees Just Quit Twitter

The New York Times reports: Hours before a Thursday deadline that Elon Musk had given Twitter employees to decide whether to stay or leave their jobs, the social media company appeared to be in disarray. Mr. Musk and his advisers held meetings with some Twitter workers whom they deemed “critical” to stop them from leaving. He sent out confusing messages …

Read More »

Musk Says He Wants To Find New Leader For Twitter

Reuters reports: Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week. Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at Tesla …

Read More »

Wyden Vows “Careful Review” Of Twitter’s Investors

Politico reports: Democratic Sen. Ron Wyden said Elon Musk’s $44 billion purchase of Twitter needs a “careful review” by Congress, with a particular focus on the Saudi government’s large investment in the deal. “I’m on the Intelligence Committee. I’m chair of the Finance Committee. I’m not taking anything off the table right now,” Wyden (D-Ore.) said in an interview on …

Read More »

Walmart To Pay $3.1 Billion To Settle Opioids Lawsuits

CNN Business reports: Walmart agreed to the framework of a $3.1 billion settlement, which resolves allegations from multiple states’ attorneys general that the company failed to regulate opioid prescriptions contributing to the nationwide opioid crisis. The settlement, according to the office of New York Attorney General Letitia James, who co-led a coalition of attorneys general in the negotiation, will also …

Read More »