Twitter calls Elon Musk’s third attempt to call off acquisition invalid ahead of key shareholder vote

Jakub Porzycki | Nurphoto | Getty Images Twitter said on Monday that payments to a whistleblower did not breach any of its obligations under the proposed $44 billion acquisition by Elon Muskafter the billionaire sent a third letter in an attempt to cancel the deal. The social media giant said it intended to enforce the … Read more

Ukraine’s counterattack around Kharkiv defeats Russia

A military truck bearing the “Z” symbol of the invading Russian forces lies in the town of Balakliya, which Ukrainian troops liberated over the weekend. Anadolu Agency | Anadolu Agency | Getty Images Ukraine’s surprise counterattack in the country’s northeast has sent shock waves through the Russian military, with military strategists saying occupying forces have … Read more

Elon Musk files another notice to abandon Twitter acquisition after whistleblower claims

In this illustration, Elon Musk’s Twitter account is displayed on a mobile phone screen with the Twitter logo in the background. A whistleblower’s complaint that Twitter misled federal regulators about the company’s security risks could provide Elon Musk with new ammunition in his bid not to buy the company for $44 billion. Sheldon Cooper | … Read more

Whistleblower accuses Twitter of cybersecurity negligence

A former Twitter security chief has alleged the company misled regulators about its cybersecurity defenses, privacy protections and ability to detect and root out fake accounts, pitcher complaint claims alert filed with US officials. The revelation could create serious legal and financial problems for the social media platform, which is currently trying to force Tesla … Read more

Twitter, Zoom, Palo Alto Networks, Macy’s and more

Check out the companies making headlines on Tuesday at noon. Enlarge video – Zoom fell more than 14% after missing revenue estimates for the previous quarter due to a strong dollar. The video conferencing company also cut its full-year guidance amid slowing revenue growth. Twitter – Shares of the social media network fell 6% after … Read more

Turkey shocks markets with rate cut despite inflation nearing 80%

Turkish President Tayyip Erdogan arrives for a NATO summit in Madrid, Spain, June 29, 2022. Sweet Nachos | Reuters Turkey’s central bank shocked markets on Thursday with a cut in its benchmark key rate, despite inflation in the country nearing 80%. The country’s currency, the readdecreased by 0.9% compared to the dollartrading at over 18.1 … Read more

5 things to know before the stock market opens on Thursday July 28

A trader works on the floor of the New York Stock Exchange (NYSE) following a Fed rate announcement, in New York on July 27, 2022. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: 1. Stock futures look weak US stock markets were set for low aperture … Read more

Q2 2022 Facebook parent meta revenue

Parent Facebook Meta reported a steeper-than-expected revenue decline, missed earnings and issued a surprisingly weak forecast pointing to a second straight year-over-year sales decline. Shares slid in extended trading. Here’s how the company did it: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv Revenue: $28.82 billion vs. $28.94 billion expected, according … Read more

Microsoft (MSFT) Q4 2022 results

Microsoft Shares rose 5% in extended trading on Tuesday after the software maker issued an upbeat revenue forecast for the year ahead, despite reporting quarterly results that fell short of Wall Street consensus. Here’s how the company did it: Earnings: $2.23 per share, adjusted, versus $2.29 per share as expected by analysts, according to Refinitiv. … Read more