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Business · San Francisco

Elon Musk Sued By Second Group of Twitter Shareholders

39% Left coverage: 72 sources
Elon Musk is facing yet another lawsuit over his planned Twitter acquisition. Investors have sued the Tesla CEO for allegedly manipulating stock prices ahead of his $44 billion takeover bid. Musk supposedly saved $156 million by failing to disclose that he'd bought more than a 5 percent stake in Twitter by March 14th.See the Story
Business · Washington

Twitter to pay $150M penalty over privacy of users' data

45% Center coverage: 67 sources
Twitter Inc. has agreed to pay $150 million in civil penalties to resolve allegations. The social media giant failed to protect users' data privacy in line with a 2011 agreement with the FTC. The settlement will resolve allegations that Twitter violated the FTC Act and an administrative order issued by the FTC in 2011.See the Story
Business · Cupertino

Apple to increase starting pay for U.S. workers

34% Center coverage: 9 sources
Apple is boosting pay for workers by increasing the overall compensation budget. Starting pay for hourly workers in the U.S. will rise to US$22 an hour, or higher based upon the market, WSJ said. This is a 45 per cent increase from 2018 levels, the report said.See the Story
Twitter

Twitter keeps Musk ally Durban on board, rejects resignation

Coverage: 6 sources
Twitter Inc. said in a filing on Friday it will not accept Egon Durban's resignation from the board. Durban is an ally of Elon Musk, who has offered to take Twitter private in a $44 billion deal. Twitter said Durban failed to receive the support of a majority of the votes in the re-election held earlier this week.See the Story
Microsoft

Microsoft confirms Xbox Keystone cloud streaming device | Digital Trends

67% Left coverage: 3 sources
Microsoft's long-in-the-works xCloud streaming device is going through some changes, as reported by Windows Central. The company first announced the dedicated streaming dongle in June 2021, but in a statement given to Windows Central, the company said it has pivoted from the current iteration of the device.See the Story
Business

Microsoft slowing hiring for Windows, Teams, Office

60% Center coverage: 5 sources
Microsoft has hit the brakes on hiring in some key product areas. The move follows plans to fiddle with employee compensation in what has become a highly competitive market. Microsoft's last earnings release for Q3 2022 showed an 18 percent year-on-year jump in revenue to $49.4 billion.See the Story
Tech

A growing number of Chinese tech startups are going public in China at valuations lower than their private rounds; China's STAR Market has fallen ~30% this year

Reuters: A growing number of Chinese tech startups are going public in China at valuations lower than their private rounds; China's STAR Market has fallen ~30% this year  —  A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China …See the Story
Education

Proctoring software like Honorlock that track students' movements during online exams to prevent cheating are criticized for allegedly flagging normal behavior

Kashmir Hill / New York Times: Proctoring software like Honorlock that track students' movements during online exams to prevent cheating are criticized for allegedly flagging normal behavior  —  An unsettling glimpse at the digitization of education.  — Give this article- - - Read in appSee the Story
Tech

Argentina-based ClicOH, which lets sellers across Latin America track shipments in real time via its dashboard, raises a $25M Series A led by Tiger Global

Christine Hall / TechCrunch: Argentina-based ClicOH, which lets sellers across Latin America track shipments in real time via its dashboard, raises a $25M Series A led by Tiger Global  —  E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years …See the Story

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