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Elon Musk subpoenas whistleblower ahead of October trial

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2 years ago

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The fight between Elon Musk and Twitter is heating up

Billionaire Elon Musk has subpoenaed Twitter whistleblower, Peiter Zatko, in a bid to end his $44 billion takeover deal for good.

Former Security Chief, Zatko, claims Twitter misled its regulators about security concerns and fake accounts.

This plays exactly into Musk’s concerns with the social media giant.

Musk’s legal team will use Zatko’s claims to support their case of scrapping the deal.

The billionaire is going head to head with Twitter regarding their spam accounts, saying he won’t pay for the company unless the issue is resolved.

A trial for the final outcome is scheduled for October 17, but this gives Musk a new angle in his legal battle.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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