Business

The Insider reports: In a lawsuit filed Tuesday, Twitter cited posts made by billionaire Elon Musk — including one of a single poop emoji — as evidence he had disparaged the company in violation of contracts he was beholden to when he agreed to buy it for $44 billion. When Musk sent the poop emoji on May 16, the single-character …

Reuters reports: U.S. crypto lender Celsius Network said on Wednesday it had filed for bankruptcy in New York, becoming the latest victim in the cryptocurrency sector of a dramatic plunge in token prices. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. In …

Reuters reports: Netflix Inc said on Wednesday it has selected Microsoft Corp as technology and sales partner for its planned ad-supported subscription offering, as the streaming giant looks to plug slowing subscriber growth by rolling out a cheaper plan. Netflix said in April that it would introduce a new, lower-priced version of its service in a bid to attract more …

The Insider reports: Twitter says it handed over massive amounts of user data to Elon Musk over the last several months, even as it grew concerned that he could use it to his own ends. In a lawsuit filed Tuesday against Musk over his attempt to walk away from his $44 billion deal to buy the platform, Twitter said the …

NPR reports: Twitter has sued Elon Musk to compel him to buy the social media company for $44 billion – a deal the world’s richest person said last week he was calling off. The lawsuit, filed in Delaware’s Court of Chancery on Tuesday, accuses Musk of hypocrisy and bad faith in his dealings with Twitter. It sets Twitter and Musk …

CNN Business reports: Elon Musk mocked Twitter’s efforts to force him to purchase the company — in a tweet, of course. Early Monday, Musk tweeted four images of him laughing next to captions that read: “They said I couldn’t buy Twitter. Then they wouldn’t disclose bot information. Now they want to force me to buy Twitter in court. Now they …

Bloomberg News reports: Twitter Inc. has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz as it races to sue Elon Musk for moving to dump his $44 billion takeover of the company, according to people familiar with the matter. The social media company aims to file suit early this week, according to the people, who declined to be identified …

The Guardian reports: Elon Musk reportedly talked about the colonization of Mars and boosting Earth’s birthrates during his keynote address at Allen & Co’s Sun Valley conference on Saturday, but he avoided discussing his attempt to withdraw from his $44bn bid to buy Twitter. The billionaire accused the social media firm of failing to provide information on bot accounts, among …

The Verge reports: Twitter still hopes to close the deal, despite Musk’s attempted termination. Twitter board chairman Bret Taylor wrote that the company will “pursue legal action to enforce the merger agreement” and feels “confident we will prevail” in court. It’s incumbent that Musk prove that Twitter has breached their agreement, as he can’t just pull out the signed agreement …

Reuters reports: Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc (TWTR.N), citing material breach of multiple provisions of the agreement. Shares of Twitter fell 6% in extended trading. The announcement brings to an end a will-he-won’t-he saga after the world’s richest person clinched a deal for Twitter in April but …

Bloomberg News reports: Elon Musk told the father of a teenager who died in a Tesla Model S crash that the carmaker made a mistake in removing a speed limiter from the vehicle without the father’s permission, a lawyer for the family said in court. Curtis Miner, the attorney, told a jury Thursday that the billionaire chief executive officer of …

The Washington Post reports: Elon Musk’s deal to buy Twitter is in serious jeopardy, three people familiar with the matter say, as Musk’s camp concluded that Twitter’s figures on spam accounts are not verifiable. Musk’s team has stopped engaging in certain discussions around funding for the $44 billion deal, including with a party named as a likely backer, one of …

The Sioux City Journal reports: Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices, which will likely only add to concerns about how the lack of competition in the industry affects meat prices. Lawyers began notifying companies affected by this latest settlement Tuesday. Previously, …

Futurism reports: What happens in VR in Vegas, amirite? Forget strap-ons — a porn outfit called VR Bangers is helping customers strap into a brand new porn experience in Sin City. For the curious and/or terminally lonely, the adult entertainment outfit says it’s delivering smut-enabled VR headsets via delivery robots. Although the city’s notorious getaways often offer adult movies for …

The New York Times reports: A listeria outbreak blamed for the death of one person and the hospitalization of 22 people across 10 states has been linked to ice cream made in Florida, the federal authorities said on Saturday. Big Olaf Creamery, a family-owned company in Sarasota, Fla., exclusively sells ice cream in Florida, the federal Centers for Disease Control …

The Associated Press reports: Tesla CEO Elon Musk, whose $44 billion bid to buy Twitter remains in limbo, used the social media platform to announce he had met with Pope Francis. “Honored to meet @Pontifex yesterday,” Musk tweeted of the Friday afternoon audience, alongside a photo showing Musk, Francis and four of Musk’s teenage children. Francis frequently meets with high-profile …

The New York Times reports: As of Saturday night, nearly 650 flights in the United States had been canceled and more than 5,200 flights within, into or out of the country had been delayed, according to the flight tracking website FlightAware. FlightAware data showed that the three airports in the United States most affected by cancellations and delays on Saturday …

Bloomberg News reports: Tesla Inc. was sued by 15 Black current or former employees who allege a racist work environment including harassment and intimidation at plants in California, the latest in a string of such lawsuits against the electric-car maker. The lawsuit, filed Thursday in state court in Alameda County, extensively details racist slurs and graffiti and other acts the …

Via press release from Airbnb: At Airbnb, we believe the neighborhoods and communities in which we operate are as important as the Hosts and guests who use our service. We know that the overwhelming majority of our Hosts share their homes responsibly, just as the overwhelming majority of guests are responsible and treat their listings and neighborhoods as if they …

The Christian Post reports: Aaron and Melissa Klein, a Christian couple whose bakery has been held up in the courts for years and were ordered to pay $135,000 in damages for refusing to bake a cake for a same-sex wedding, are now working on opening a new shop to “show God’s goodness to everyone.” The Kleins, who owned Sweet Cakes …