Business

The New York Times reports: Elon Musk said on Tuesday that he would resign as Twitter’s chief executive when he found “someone foolish enough to take the job,” two days after he had asked his 122 million Twitter followers whether he should step down as the leader of the social media site and a majority of respondents answered yes. Mr. …

Via press release from the CFPB: The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines. The bank’s illegal conduct led to billions of dollars in financial harm to its customers and, for …

CNBC reports: Twitter owner and CEO Elon Musk is searching for a new CEO of the company, sources told CNBC’s David Faber. Musk, who acquired the company for $44 billion in October, has previously said his position as CEO would be temporary.  However, on Sunday, he wrote in a tweet that “there is no successor.” On Monday, Sen. Elizabeth Warren, …

Elektrek reports: Elon Musk appears to be backing out from abiding by the results of a Twitter poll voting him out as head of the social media platform. Musk first responded “interesting” to a comment by Kim Dotcom suggesting that the “deep state” rigged the poll with bots. He then responded the same thing to a theory that the number …

CNBC reports: Epic Games, the developer and publisher of the video game Fortnite, will pay $520 million in fines to settle with the FTC over violations of the Children’s Online Privacy Protection Act (COPPA). The FTC had alleged that Epic paired children and teens “with strangers,” exposed them to “dangerous and psychologically traumatizing issues,” and failed to introduce adequate parental …

Yahoo News reports: Russian real estate tycoon Dmitry Zelenov passed away earlier this month after tumbling down a flight of stairs while visiting friends in the French Riviera, according to a local outlet and an independent Russian outlet. The 50-year-old was the former owner of Russian developer Don-Stroy, which constructed the 61-story Triumph Palace Tower in Moscow, one of the …

The Washington Post reports: An unofficial poll that Elon Musk commissioned said he should step down from the helm of the social network, a referendum that Musk promised to follow after broad criticism of his stewardship of the company. The poll closed early Monday morning after twelve hours of voting, with 57.5% of more than 17 million responses calling Musk …

NBC News reports: Twitter will no longer allow users to promote their accounts on at least seven other major social media sites, including Facebook, Instagram and Truth Social, the platform announced Sunday. The new policy comes after many users began posting links to their accounts on other sites following Elon Musk’s takeover as CEO of Twitter and the platform’s subsequent …

Fox Sports reports: Elon Musk, the Tesla and Twitter CEO, appeared in Qatar on Sunday just ahead of the World Cup final before Argentina and France. Qatari TV broadcaster beIN Sports caught Musk entering Lusail Stadium to see whether Lionel Messi will be able to wrap up his first World Cup title or Kylian Mbappe capture his second World Cup …

The Daily Beast reports: Washington Post reporter Taylor Lorenz was suspended from Twitter late Saturday, the latest prominent journalist to get the boot. Lorenz was apparently suspended for “violating the Twitter rules,” though it wasn’t immediately clear which one. Shortly before the ban, Lorenz had tweeted directly at Musk seeking comment for a story. “When I went to log in …

From antisemitic Christian nationalist Andrew Torba: Elon Musk is in over his head when it comes to free speech. Musk is quickly learning that in order to run a free speech platform you need two things: thick skin and a fanatical commitment to free speech, even when being pro free speech is bad for business, and even when being pro …

Reuters reports: Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane. The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on Friday, with some saying the microblogging platform …

Semafor reports: The managing director of Elon Musk’s family office is seeking new equity investors for Twitter as users revolt, advertisers flee, and debt payments loom, according to people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at the same price, $54.20, that Musk paid to take …

Gizmodo reports: Twitter Spaces, the audio feature that allows people to participate in group chats using the social media platform, has been disabled and it’s not clear whether it will ever return. The move comes after Elon Musk joined a group chat hosted by BuzzFeed reporter Katie Notopoulos on Thursday night, where the Twitter CEO spoke incoherently about his new …

Via press release from Walmart: As of Dec. 15, 2022, Walmart drone delivery is available in select markets in Texas, Arizona and Florida. Many customers in the Tampa, Orlando, Phoenix and Dallas areas can take advantage of same-day delivery via drone. We continue to expand our delivery operations to help customers get the items they need when they need them, …

The Associated Press reports: A German official who won a defamation case against Twitter this week dedicated his legal victory to Dr. Anthony Fauci, the top U.S. infectious disease expert targeted by the microblogging site’s new owner, Elon Musk. A Frankfurt regional court ruled Wednesday that Twitter has to remove false or defamatory tweets about Michael Blume, who is the …

The Washington Post reports: Twitter suspended the accounts of more than half a dozen journalists from CNN, the New York Times, The Washington Post and other outlets Thursday evening, as company owner Elon Musk accused the reporters of posting “basically assassination coordinates” for him and his family. Musk tweeted late Thursday that the suspensions would last a week, although several …

CNET reports: The Twitter account encouraging people to join rival social network Mastodon has been suspended, the latest in a string of accounts suspended this week. The usual feed for @JoinMastodon was replaced Thursday with a message the account had been suspended for violating Twitter rules. It wasn’t immediately clear which rules the account broke. Neither Twitter nor Mastodon representatives …

Mediaite reports: Elon Musk tweeted that “legal action is being taken” against 20-year-old Jack Sweeney, who ran the now-banned Twitter account that tracked Musk’s private jet. Presumably, Musk plans to sue him. Since taking over Twitter, the billionaire has pledged to make the platform safe for “free speech.” On Wednesday, Twitter changed its terms of service to prohibit flight-tracking on …

Fortune reports: Elon Musk, who lost his No. 1 spot on Bloomberg’s ranking of the world’s richest people this week, unloaded Tesla Inc. stock for the fourth time this year. Tesla’s chief executive officer sold almost 22 million shares of the electric-car maker for $3.58 billion, a filing showed late Wednesday in the US. The transactions happened between Dec. 12 and Dec. …