World's wealthiest man Elon Musk puts up $33.5 billion of his own money, as he readies for boardroom battle over his Twitter bid
TECHNOLOGY POWERING BUSINESS
News Enterprise
Netflix Subscribers Fall For First Time In Ten Years
Streaming giant Netflix reveals loss of subscribers for the first time in ten years, and mulls lower-cost subscription plan with adverts
Twitter Adopts Poison Pill To Fend Off Elon Musk
Unwanted advances. Unsolicited takeover offer from Elon Musk sees Twitter board last week adopt a poison pill to thwart his plan
Elon Musk Hints At Plan B, If Twitter Board Refuses Offer
Tesla boss admits he is not sure he will actually buy Twitter, but teases he may have a “plan B” if his “best and final” offer is refused
Amazon Adds Fuel, Inflation Surcharge To Sellers
US online shoppers could soon face high prices, after Amazon added a 5 percent “fuel and inflation surcharge” to the fees it charges third-party sellers
Elon Musk Offers To Buy Twitter For $41bn To ‘Unlock’ Potential
Hostile takeover? World's richest man Elon Musk offers to buy Twitter for $41 billion, and promises to “unlock” its “extraordinary potential”
Cloud Security firm Barrracuda Networks Acquired For $4 Billion
Cybersecurity firm Barracuda Networks has been acquired by investment firm KKR, from its private equity group owner Thoma Bravo
Investor Sues Elon Musk Over Late Share Disclosure
Twitter shareholder sues Elon Musk for failing to disclose his substantial stake in a timely manner, which impacted platform's share price
Elon Musk Will Not Join Twitter Board, CEO Confirms
Last minute u-turn from Elon Musk, as Parag Agrawal confirms Musk will not, after all, join the board of directors at Twitter
HP Shares Soar After Warren Buffett Reveals $4.2 billion Stake
Strategic move? Respected Wall Street investment group Berkshire Hathaway takes sizeable 11.4 percent stake in PC maker HP
Meta Finance Move With ‘Zuck Bucks’ Virtual Coins – Report
Plans at Meta to introduce virtual coins and lending services to its apps portfolio, despite cryptocurrency project collapse
Government Sets Out Plan To Recognise Stablecoins
Royal Mint to create a Non-Fungible Token (NFT) this summer, as the government unveils move to recognise stablecoins as a valid form of payment
Elon Musk Acquires 9 Percent Of Twitter
Just days after Elon Musk touts building a new social media platform, the world's richest man becomes Twitter's largest shareholder
Bitcoin Mining Start-Up To Make Nasdaq Debut
Bitcoin mining and infrastructure start-up Prime Blockchain set to list on Nasdaq in merger with blank-cheque firm valuing it at $1.25bn
Apple To Cut iPhone Production – Report
Inflation pressures, coupled with the Ukraine invasion have been blamed as Apple plans to lower production of iPhone SE and AirPods in 2022
Anonymous Claims Hack Of Russia’s Central Bank
Hacking group's war on Russia continues with Central Bank hack claim. And Anonymous promises to release 35,000 files containing 'secret agreements'
Bank Of England Begins To Outline UK’s Crypto Regulatory Approach
The UK's Bank of England begins this week to publicly outline its first regulatory framework for cryptoassets, amid ongoing concerns
Apple Acquires UK Fintech Credit Kudos – Report
Tech giant Apple reportedly acquires British fintech start-up Credit Kudos for $150m, to perhaps bolster its financial services operation
UK Watchdog Warns 50 Crypto Firms Of ‘Misleading Ads’
Enforcement notices dispatched. The UK's Advertising Standards Authority puts 50 crypto firms on notice over 'misleading ads'
NortonLifeLock, Avast Merger Faces UK Competition Probe
NortonLifeLock (formerly Symantec) merger with London-listed Avast under threat after UK's CMA signals deeper investigation
BMW Blames Russian Invasion, As It Lowers Profit Forecast
German carmaker BMW warns of ongoing chip shortages and new supply chain disruptions caused by Russian's invasion of Ukraine
Tesla Raises Prices For Second Time In Days
Second price rise for Tesla electric vehicles in the space of a week, as inflationary pressure continues amidst Ukraine war
Intel Confirms ‘Mega Factory’ In Germany
Chip giant Intel says it will initially invest 33 billion euros in EU, including 17bn euros for a 'semiconductor fab mega-site in Germany'
ARM To Axe 15 Percent Of Staff, 1,000 Jobs To Go
Chip designer ARM is to cut 15 percent of its workforce, as it reverts to its backup plan of an initial public offering after the Nvidia deal collapse
Toshiba’s Top Shareholder Opposes Breakup Plan
Years of turmoil at Japan's Toshiba continues, as leading shareholder opposes plan to break itself into three different units
Elon Musk Asks Judge For End Of Oversight Of His Tweets
Tesla boss Elon Musk formally asks a US judge to terminate the 2018 agreement with the SEC allowing lawyers to vet some of his tweets
Rivian Sued By Shareholder, Alleging Misleading IPO Data
Shareholder alleges Rivian misled investors about pricing of SUV models - prices for which were increased, then quickly rolled back after customer backlash
Intel’s Mobileye Files For IPO
Intel’s self-driving-car unit Mobileye files for IPO in the United States, in what could be one of the largest tech floatations of 2022
Google To Acquire Mandiant For $5.4 Billion
Mandiant is to be acquired by Google, after the Alphabet division agrees to pay $5.4 billion for the cybersecurity veteran
Visa, Mastercard Block Russian Financial Institutions
Financial pressure on Moscow continues, with the news that Visa and Mastercard have blocked multiple Russian financial institutions