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Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package
Tesla shareholders have voted to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year.
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Former tech exec admits to fraud involving a scheme to boost Getty Images shares, authorities say
Federal officials say a former technology executive has pleaded guilty to fraud involving a scheme to artificially boost the share price of photo and video distributor Getty Images.
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Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
Nvidia overshot Wall Street estimates as its quarterly profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom.
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Bumble’s billboard ads sneered at celibacy as an alternative to dating — and the company got stung
The dating app Bumble got stung after running billboard ads that appeared to sneer at celibacy as an alternative to meeting people online.
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Trump Media’s newly hired auditing firm was just busted by the SEC for ‘massive fraud’
The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company.
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How TikTok grew from a fun app for teens into a potential national security threat
If it feels like TikTok has been around forever, that’s probably because it has, at least if you’re measuring via internet time.
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Net neutrality restored as FCC votes to regulate internet providers
The Federal Communications Commission has voted to restore rules to prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others — for instance, by slowing or blocking certain content or by offering higher speeds to customers willing to pay extra.
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Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles.
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Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI
Google says it will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables.
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Congress summons Boeing’s CEO to testify on its jetliner safety following new whistleblower charges
A Senate subcommittee has opened an investigation into the safety of Boeing jetliners, intensifying concerns about the airworthiness of the company’s aircraft.
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California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft
California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday. The shuttering ends the chain’s 42-year run of selling an assortment of bargain-basement merchandise.
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Disney shareholders back CEO Iger and rebuff activists who wanted to shake up the company
Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company’s board.
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Nobelist Daniel Kahneman, a pioneer of behavioral economics, is dead at 90
Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, has died.
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4 things to know from Elon Musk’s interview with Don Lemon
Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday.
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Gerald Levin, the former Time Warner CEO who engineered a disastrous mega-merger, is dead at 84
Gerald Levin, who led Time Warner Media into a disastrous $182 billion merger with the internet provider America Online, has died at the age of 84.
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Musk abruptly cancels ‘The Don Lemon Show’ on X after he sits for the program’s first interview
Elon Musk has abruptly canceled “The Don Lemon Show” a talk show on his social media network, X. The move to cancel the show came after the former CNN anchor Lemon recorded an interview with the billionaire for the show’s as-yet unaired first episode.
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Reddit is preparing to sell shares to the public. Here’s what you need to know
Reddit, that vast, lively and sometimes chaotic repository of internet discussion, said that its pending initial public offering may be worth almost three quarters of a billion dollars.
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Surge in Wendy’s complaints exposes limits to consumer tolerance of unstable prices
A social media backlash to media reports that said fast-food chain Wendy’s had plans to increase menu prices during its busiest hours shows a limit to where, when and for what U.S. consumers will trade more cash for convenience.
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Reddit strikes $60M deal allowing Google to train AI models on its posts, unveils IPO plans
Reddit has struck a deal with Google. The pact announced Thursday will allow the search giant to use posts from the online discussion site for training its artificial intelligence models and to improve products such as online search.
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Taylor Swift is demanding this college student stop tracking her private jet
When it comes to dealing with a Florida college student who uses public data and social media to track the private jets of billionaires, politicians and other celebrities, Taylor Swift apparently can’t just shake it off.
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Bluesky, a social network championed by Jack Dorsey, opens for anyone to sign up
The Twitter-like social network championed by Twitter co-founder Jack Dorsey has emerged from its cocoon and is now allowing anyone to create an account and join the service.
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A brief history of Mark Zuckerberg’s apologies
Mark Zuckerberg has accumulated a long history of public apologies, often issued in the wake of crisis or when Facebook users rose up against unannounced — and frequently unappreciated — changes in its service.
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Microsoft profit soars 33% on AI, cloud-computing investments
Microsoft Corp. says that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology.
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Microsoft Teams outage blocks access and limits features for some users
Microsoft Teams has experienced an outage that blocked access and limited features for some users. Outage tracker DownDetector indicated that the issue began around 11 a.m.
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New rule tightens worker classification standards; Uber, Lyft say their drivers won’t be affected
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster both legal protections and compensation for millions in the U.S. workforce.
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13-year-old gamer becomes the first to beat the ‘unbeatable’ Tetris — by breaking it
The falling-block video game Tetris has met its match in 13-year-old Willis Gibson. In late December, he became the first player to officially beat the original Nintendo version of the game — by breaking it.
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Disney reports sharp profit growth in the fourth quarter and an expansion of its cost-cutting drive
Walt Disney Co. has reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger.
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Disney to acquire the remainder of Hulu from Comcast for at least $8.6 billion
Walt Disney Co. said it will acquire a 33% stake in Hulu from Comcast for at least $8.6 billion, a deal that will give Disney full control of the streaming service.
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European privacy officials widen ban on Meta’s behavioral advertising to most of Europe
European privacy officials have widened a ban on Meta’s “behavioral advertising” practices to most of Europe.
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Ford earnings fall short of estimates after it strikes a tentative deal with the United Auto Workers
Ford has reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates.
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