Business

Mediaite reports: Mark Cuban said Tesla CEO Elon Musk offering to buy Twitter is a way of “fucking with” the Securities and Exchange Commission. Cuban tweeted on Thursday he thinks that Musk is messing with the SEC by purchasing a huge stake in Twitter and hyping a faux takeover in an effort to goose the stock price before selling. Cuban …

Deadline reports: Twitter is said to be weighing a poison pill to prevent Elon Musk from increasing his stake in the company significantly, the Wall Street Journal reported, citing a person familiar with the situation. The defensive strategy, also called a shareholders rights plan, make hostile takeovers more expensive and complicated for a buyer. They allow existing shareholders the right …

The Associated Press reports: Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company’s board of directors. Twitter Inc. said in a regulatory filing on Thursday that Musk provided a letter to the company on Wednesday that contained a proposal to buy the remaining shares of …

CNBC reports: A group of Twitter shareholders are suing Elon Musk for allegedly failing to disclose he had bought a significant stake in the social media company in the right timeframe. The Tesla and SpaceX CEO revealed on April 4 that he had amassed a 9.2% stake in Twitter, leading shares to soar as investors viewed the move as a …

USA Today reports: Soon there will be only three open Kmart stores in the U.S. The Kmart store in Avenel, New Jersey, 15 miles south of New York City, is the latest store scheduled to permanently close on April 16. Once it shutters, the number of Kmarts in the U.S. – once well over 2,000 – will be down to …

Reuters reports: Orlando cracked a list of the world’s top 10 busiest airports by passengers for the first time last year, as the home of the Walt Disney World and Universal Studios Florida theme parks joined mostly American hubs as soaring leisure travel underpins a recovery in traffic. Hartsfield-Jackson Atlanta International Airport topped the rankings by passenger traffic published Monday …

CNBC reports: Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced publicly on Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input. Musk informed Twitter on Saturday morning that he would not, in fact, …

The Wall Street Journal reports: Amazon.com Inc. plans to appeal its loss last week against union organizers in New York, where workers voted to establish the company’s first U.S. union. The company’s intention was made in a legal filing made public Thursday. Roughly 55% of the workers from a Staten Island facility named JFK8 voted to side with Amazon Labor …

The Washington Post reports: Twitter plans to host Elon Musk for a question-and-answer session with employees after a week of internal outcries over his appointment to the social network’s board of directors, according to company messages obtained by The Washington Post. The announcement from Twitter chief executive Parag Agrawal of the highly unusual internal AMA — which stands for “ask …

CNBC reports: JetBlue Airways made a $3.6 billion all-cash offer for Spirit Airlines, raising questions about Spirit’s deal to combine with rival discount carrier Frontier Airlines. Spirit said its board was evaluating JetBlue’s proposal and will “pursue the course of action it determines to be in the best interests of Spirit and its stockholders.” JetBlue’s bid comes less than two …

Yahoo Finance reports: On Tuesday, PepsiCo’s (PEP) Frito-Lay announced Cracker Jills will be a permanent member of its snack roster as a way to celebrate women who break down barriers in sports. The snack will be available in pro ballparks and via a $5+ donation to the Women’s Sports Foundation (WSF). In addition, PepsiCo will donate $200,000 to the foundation. …

CNBC reports: Elon Musk will join Twitter’s board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet. Musk’s purchase comes after …

CNBC reports: Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for failing to uphold the tenets of free speech. Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to the Securities and …

The New York Times reports: A brief but intense push to abolish a law that bars drivers in New Jersey from pumping their own fuel at gas stations has hit a speed bump, if not a complete dead-end. Nicholas Scutari, the Democratic president of the State Senate whose backing would be crucial to any law change, put an end to …

Bloomberg News reports: The “pizza principle,” a mainstay of New York economics for more than four decades, states that a slice of cheese pizza will always be the same price as a subway ride. The rule has largely held true since first conjectured in the New York Times in 1980, with any increase in pizza prices tending to predict a …

The New York Times reports: Workers at Amazon’s massive warehouse on Staten Island voted by a wide margin to form a union, according to results released on Friday, in a landmark win for a campaign targeting the country’s second-largest employer and one of the biggest victories for organized labor in a generation. Employees cast 2,654 votes to be represented by …

Mediaite reports: Florida Gov. Ron DeSantis accused Disney of imposing a “woke ideology” and warned that it’ll “destroy” the United States if left “unabated” in an appearance on Fox & Friends on Friday. DeSantis went on to say there’s a difference between “policy disputes” and imposing “a woke ideology.” “There’s policy disputes and that’s fine, but when you’re trying to …

CNN Business reports: Bob Chapek, Bob Iger’s successor, initially opted not to speak out against the controversial law. But corporate executives should voice their opinions about ethical dilemmas, Iger recently told CNN+ host Chris Wallace. “A lot of these issues are not necessarily political,” Iger told CNN+ host Chris Wallace. “It’s about right and wrong. So, I happen to feel …

CNN Business reports: Florida Gov. Ron DeSantis on Thursday signaled support for stripping Disney of its 55-year-old special status that allows the entertainment company to operate as an independent government around its Orlando-area theme parks. “Disney has alienated a lot of people now,” DeSantis said at a West Palm Beach press conference. “And so the political influence they’re used to …

The Verge reports: The latest court filing in Elon Musk’s battle to wrest back control of his Twitter account from the SEC includes a citation of the 2002 song Without Me by rapper Eminem. Yes, really. In the song, the rapper complains that “The FCC won’t let me be or let me be me so let me see/ They tried …