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    👍|Twitter’s account of deal shows Musk signing wi…

    By Greg Roumeliotis and Tom Hals (Reuters) – Twitter Inc published its account on Tuesday of its deal negotiations with Elon Musk, showing he opted out of asking the questions about the social media company’s business he has now cited in declaring the $44 billion acquisition is “on hold.” The account, published in Twitter’s proxy statement that outlines what shareholders need to know to vote on the deal, paints a picture of Musk in a rush to clinch a deal with his “best and final” offer. Musk negotiated the Twitter deal over the weekend of April 23 and April 24 without carrying out any due dil…

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    👍|Twitter committed to Elon Musk’s $44 billion deal

    (Reuters) – Twitter Inc said on Tuesday it was committed to completing Elon Musk’s $44-billion deal at the agreed price and terms. The deal is subject to the approval of Twitter stockholders and is expected to close in 2022, the company said. (Reporting by Nivedita Balu in Bengaluru; Editing by Vinay Dwivedi)

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    👍|Musk says Twitter has to show spam accounts les…

    (Reuters) – Elon Musk said on Tuesday his deal for Twitter Inc will not move forward until the company’s chief executive officer publicly shows the proof that it has less than 5% spam accounts. (Reporting by Shubham Kalia in Bengaluru; Editing by Rashmi Aich)

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    👍|Jack Dorsey says no plans to head Twitter again

    (Reuters) – Twitter Inc co-founder Jack Dorsey said on Wednesday that he was not keen to retake the helm of the social media company, hinting at his limited involvement if Elon Musk manages to successfully close the takeover deal. Dorsey, who currently heads payments firm Block Inc, owns a 2.4% stake in Twitter, according to Refinitiv. Since the Twitter board accepted Musk’s $44 billion buyout offer on April 25, there is little clarity on the company’s new leadership once the deal closes. Reuters reported on April 29 that Musk had lined up a new chief executive, while there are reports that th…

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    📱|Exclusive: Google paying more than 300 EU publi…

    By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. The move to be announced publicly later on Wednesday followed the adoption of landmark EU copyright rules three years ago that require Google and other online platforms to pay musicians, performers, authors, news publishers and journalists for using their work. News publishers, among Google’s fiercest critics, have long urged governm…

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    👍|Elon Musk says Tesla open to buying a mining co…

    By Ernest Scheyder (Reuters) -Tesla Inc is open to buying a mining company if producing its own supply of electric vehicle (EV) metals would speed up worldwide adoption of clean energy technologies, Chief Executive Officer Elon Musk said on Tuesday. Concern is mounting across the EV industry that there may not be enough supply of lithium, nickel, copper and other metals to match demand later this decade, fueling questions about whether Tesla would consider jumping into the mining sector. “It’s not out of the question,” Musk told the FT Future of the Car 2022 conference. “We will address whatev…

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    👍|Musk says he would reverse Twitter ban on Donal…

    By Sheila Dang (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc, has inked a $44 billion deal to buy Twitter Inc. He has called himself a “free speech absolutist,” but given few specific details of his plans. Musk is expected to become Twitter’s temporary CEO after closing the deal, Reuters previously reported, citing a sour…

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    👍|Meta criticises German antitrust watchdog’s ‘fl…

    By Foo Yun Chee LUXEMBOURG (Reuters) -Meta Platforms, owner of Facebook, on Tuesday criticised a landmark German antitrust order to curb its data collection as ‘clearly flawed’ and which undermines EU data protection rules. Meta’s criticism of the German antitrust watchdog came after the latter in 2019 said the world’s largest social network had abused its market power by collecting users’ data without their consent and ordered it to stop. The competition enforcer said the data harvest included users’ browsing habits when they visited a website with a Facebook ‘like’ button on it – even if an …

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    👍|Twitter courts advertisers amid uncertain futur…

    By Sheila Dang (Reuters) -Twitter Inc faced a skeptical audience as it showcased its advertising opportunities on Wednesday at an event in New York City, three ad agency executives told Reuters, as the social media company’s plans under billionaire Elon Musk remain unclear. The Tesla chief executive, who is buying Twitter for $44 billion, has tweeted that the platform should not have ads so it can have more control over its content moderation policies. Twitter has told its employees in internal staff meetings and in public filings that its advertising business and other operations would contin…

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    👍|Twitter to court advertisers amid uncertain fut…

    By Sheila Dang (Reuters) – Twitter Inc will face a skeptical audience when it showcases its advertising opportunities on Wednesday evening at an event in New York City, three ad agency executives told Reuters, as the social media company’s plans under billionaire Elon Musk remain unclear. The Tesla chief executive, who is buying Twitter for $44 billion, has tweeted that the platform should not have ads so it can have more control over its content moderation policies. Twitter has told its employees in internal staff meetings and in public filings that its advertising business and other operatio…

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    👍|Mark Zuckerberg teases wearable tech with neura…

    PARIS (Reuters) – Meta Platforms Inc’s chief executive, Mark Zuckerberg, on Wednesday teased a new smart glasses project with EssilorLuxottica, posting a photo of the eyewear company’s chairman sporting a prototype of a neural interface wristband – designed for directing other devices. “Here Leonardo is using a prototype of our neural interface EMG [electromyography] wristband that will eventually let you control your glasses and other devices,” Zuckerberg said in a post on Facebook, referring to EssilorLuxottica’s chairman, Leonardo Del Vecchio. He closed his message with a smiley-face emoji …

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    📱|With Apple fight ongoing, Dutch watchdog ACM to…

    AMSTERDAM (Reuters) -The Netherlands Authority for Consumers and Markets (ACM) announced on Wednesday a preliminary investigation into Alphabet Inc’s Google for possible anti-competitive practices in its Play store. Tinder owner Match group had asked the regulator to assess whether Google is abusing a dominant position in the dating app market. “Dating-app providers allegedly are no longer able to use a payment system other than Google’s payment system,” ACM spokesperson Murco Mijnlieff said in an email. In a response, a Google spokesperson said the company charges customers 15% commissions fo…

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    📱|Dutch watchdog ACM to investigate Google Play s…

    AMSTERDAM (Reuters) – The Netherlands Authority for Consumers and Markets (ACM) announced on Wednesday a preliminary investigation into Alphabet Inc’s Google for possible anti-competitive practices in its Play store. Dating-app provider The Matchgroup asked the regulator to assess whether Google abuses its dominant position. “Dating-app providers allegedly are no longer able to use a payment system other than Google’s payment system. In addition, dating apps claim they are no longer allowed to refer to other payment methods either,” ACM spokesperson Murco Mijnlieff said in an email. Google did…

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    👍|Musk says Twitter may charge slight fee for com…

    (Reuters) -Elon Musk said on Tuesday Twitter Inc might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s Facebook. “Twitter will always be free for casual users, but maybe a slight cost for commercial/government users,” Musk said in a tweet. “Some revenue is better than none!” he added in another tweet. Twitter declined to comment when contacted by Reuters. Last week, Reuters reported that Musk told banks he would develop new ways to monetize tweets and crack dow…

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    👍|Musk says he wants to boost Twitter use from ‘n…

    By Benjamin Kellerman and Alicia Powell NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk said on Monday he wants to expand the reach of Twitter beyond the current “niche” until most Americans use the social media platform. Musk has signed a deal to buy Twitter for $44 billion, raising questions among employees and the public about his strategy for running the social media network. He told reporters gathered on the red carpet at the annual Met Gala in New York that an important measure of success would be whether Twitter could expand its audience significantly. “Right now it’s sort of n…

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    📱|Google faces internal battle over research on A…

    By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google said on Monday it had recently fired a senior engineering manager after colleagues, whose landmark research on artificial intelligence software he had been trying to discredit, accused him of harassing behavior. The dispute, which stems from efforts to automate chip design, threatens to undermine the reputation of Google’s research in the academic community. It also could disrupt the flow of millions of dollars in government grants for research into AI and chips. Google’s research unit has faced scrutiny since late 2020 after wor…

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    👍|Twitter estimates spam, fake accounts represent…

    (Reuters) – Twitter said in a filing on Monday it estimates false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. The social media company had 229 million users who were served advertising in the first quarter. (Reporting by Sheila Dang in Dallas; Editing by Chris Reese)

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    👍|Exclusive-Musk seeks to put in less money in ne…

    By Chibuike Oguh and Krystal Hu (Reuters) -Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal, people familiar with the matter said. Musk is the world’s richest person, with Forbes estimating his net worth at about $245 billion. Yet most of his wealth is tied up in the shares of Tesla Inc, the electric car maker he leads. Last week, Musk disclosed he sold $8.5 billion worth of Tesla stock following his agreement to buy Twitter. The new financin…

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    👍|Exclusive-Musk in talks for new Twitter financi…

    By Chibuike Oguh and Krystal Hu (Reuters) – Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal, people familiar with the matter said. The banks that agreed last month to provide $13 billion in loans secured against Twitter balked at providing more debt for Musk’s acquisition given the San Francisco-based company’s limited cash flow, Reuters reported last month. Musk committed to providing $21 billion in cash for the deal. Musk could use the new…

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    👍|Facebook’s Meta makes court appeal over ban for…

    (Reuters) – Meta Platforms Inc has appealed to a Moscow court against a ban imposed on some of its activities in Russia due to “extremism”, the Interfax news agency cited the court’s press office as saying on Friday. Russia in March found Meta guilty of “extremist activity”, but said the ruling would not affect its WhatsApp messenger service, focusing on the U.S. firm’s already-banned Facebook and Instagram social networks. (Reporting by Reuters; editing by John Stonestreet)

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    📱|Your phone number on Google? Search giant now t…

    By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google has begun entertaining people’s requests to remove search results containing their home addresses, phone numbers and email accounts, the latest shift in its stance between personal privacy and access to information. The world’s most used internet search tool said on Wednesday that the expansion of its removal policies globally followed growing demand from users and evolving norms about the threat posed by easy access to contact details. “Research has told us there’s a larger amount of personally identifiable information that user…

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    👍|Facebook-owner Meta heads for dismal quarter as…

    By Yuvraj Malik and Eva Mathews (Reuters) – Facebook-owner Meta Platforms Inc is expected to report its slowest quarterly ad revenue growth in a decade on Wednesday, as businesses pull back on ad spending against the backdrop of soaring inflation worldwide and the war in Ukraine. Global advertising and marketing budgets will be strained further if the Ukraine crisis drags on in the coming months, with some analysts predicting that Meta will also issue a tepid forecast for the current quarter. Meta’s ad revenue is expected to have grown 8.7% in the first quarter, according to Refinitiv data, th…

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    👍|Facebook heads for dismal quarter as advertiser…

    By Yuvraj Malik and Eva Mathews (Reuters) – Facebook-owner Meta Platforms Inc is expected to report its slowest quarterly ad revenue growth in a decade on Thursday, as businesses pull back on ad spending against the backdrop of soaring inflation worldwide and the war in Ukraine. Global advertising and marketing budgets will be strained further if the Ukraine crisis drags on in the coming months, with some analysts predicting that Meta will also issue a tepid forecast for the current quarter. Meta’s ad revenue is expected to have grown 8.7% in the first quarter, according to Refinitiv data, the…

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    👍|As Musk plans how to change Twitter, EU reminds…

    By John Chalmers BRUSSELS (Reuters) -The European Union’s internal market chief said on Tuesday that Elon Musk could adapt Twitter as he wishes after he acquires the social media site but warned the billionaire that the bloc has strict rules for online platforms to tackle illegal content. “It will be up to Twitter to adapt themselves … to our rules,” Thierry Breton told Reuters and one other media outlet on the deal sealed on Monday by Tesla’s chief executive to buy Twitter for $44 billion. “I think Elon Musk knows Europe very well. He knows very well that we have some rules for the automoti…

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    👍|Musk’s pitch for free speech may turn Twitter a…

    (Reuters) -Advertisers could be reluctant to spend on Twitter if Elon Musk pushes ahead with plans to promote unfettered speech on the social media platform, analysts said, after the world’s richest person clinched a deal to buy the company for $44 billion. Although Musk, a self-proclaimed free speech absolutist, has not given details on how he plans to “improve and fix” Twitter, he has repeatedly called out the micro-blogging platform for not doing enough on free speech and criticized its content moderation policies. Advertising is Twitter’s main source of revenue, and analysts fear that unbr…

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    👍|Musk seals $44 billion deal for Twitter, pledge…

    By Greg Roumeliotis NEW YORK (Reuters) – Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. It is a seminal moment for the 16-year-old company that emerged as one of the world’s most influential public squares and now faces a string of challenges. Musk has criticized Twitter’s moderation, calling himself a free speech absolutist, said that Twitter’s algorithm for prioritizing tweets should be public and criticized giving…

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    👍|Elon Musk taking Twitter private in $44 billion…

    By Greg Roumeliotis NEW YORK (Reuters) -Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. It is a seminal moment for the 16-year-old company that emerged as one of the world’s most influential public squares and now faces a string of challenges. Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer. Under pres…

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    👍|Elon Musk to buy Twitter for $44 billion

    (Reuters) -Elon Musk clinched a deal to buy Twitter Inc for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer. Under pressure, Twitter started negotiating with Musk to buy the company at the proposed $54.20 per share price. The deal ends Twitter’s run as a public company since its 2013 initial public offering….

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    👍|Facebook-owner Meta to open first physical stor…

    (Reuters) – Meta Platforms Inc is set to open its first physical store where shoppers can try out and buy virtual reality headsets and other gadgets as the company plots a course to take its highly touted metaverse mainstream. The 1,550-square feet Meta Store at the company’s Burlingame campus in California opens on May 9, and will feature demos for its Quest 2 VR headset and video calling device Portal as well as Ray-Ban’s augmented reality (AR) glasses, Meta said on Monday. The devices, except for the Ray-Ban glasses, will be available for purchase at the store. The products can also be boug…

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    👍|Twitter, under shareholder pressure, begins dea…

    By Svea Herbst-Bayliss and Greg Roumeliotis (Reuters) -Twitter Inc kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer, people familiar with the matter said. The company’s decision to engage with Musk, taken earlier on Sunday, does not mean that it will accept his $54.20 per share bid, the sources said. It signifies, however, that Twitter is now exploring whether a sale of the company to Musk is possible on attractive terms, the sources added. Musk, chief executive of el…

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    👍|Exclusive-Twitter under shareholder pressure to…

    By Svea Herbst-Bayliss and Greg Roumeliotis (Reuters) -Twitter Inc is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has called his $43 billion bid for the social media platform his best and final offer, people familiar with the matter said on Sunday. While the views of Twitter shareholders vary over what a fair price for a deal would be, many reached out to the company after Musk outlined his acquisition financing plan on Thursday and urged it not to let the opportunity for a deal slip away, the sources said, speaking …

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    👍|Twitter, Stripe pilot cryptocurrency payments f…

    By Lisa Pauline Mattackal (Reuters) – Twitter Inc and digital payments processor Stripe Inc will pilot cryptocurrency payouts for select users of the social media site’s content monetization products, the companies announced on Friday. Eligible users of Twitter’s Ticketed Spaces and Super Follows programs will be able to receive their earnings from the company in USD coin, a stablecoin whose value is pegged to the U.S. dollar. Twitter added the monetization features last year in an effort to integrate more into the “creator” economy and boost revenues. Users who receive crypto payments can hol…

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    👍|Musk secures $46.5 billion in funding for Twitt…

    By Nivedita Balu (Reuters) -Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy social network company Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans against some of his Tesla Inc. shares to finance the transaction. He is chief executive officer of automotive company Tesla. Musk, the world’s richest person according to a tally by Forbes, on April 14 presented a “be…

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    👍|Musk secures $46.5 billion financing commitment…

    (Reuters) -Elon Musk has secured a funding commitment of $46.5 billion to buy Twitter Inc and is planning to start a tender offer for its shares, a filing with U.S. regulators showed on Thursday. Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the transaction. Banks, including Morgan Stanley, have agreed to provide another $13 billion in debt secured against Twitter itself, according to the filing. Musk. Twitter’s second-largest shareholder, has offered to buy the company for $43 billion that has prompte…

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    📱|Russia fines Google over Ukraine ‘fakes’, far-r…

    (Reuters) – A Russian court has fined Alphabet Inc.’s Google 11 million roubles ($137,763) for failing to delete what it terms “fake” information about the conflict in Ukraine and YouTube videos produced by Ukrainian far-right groups, TASS reported. Russia’s communications watchdog said earlier this month that it was taking steps to punish Google for “spreading fakes” on YouTube, and has previously warned the U.S. company that it would be fined if it failed to comply, part of a wider battle with foreign tech firms and media to control information flows. Google was found guilty of committing ad…