Money
Twitter shareholders give Musk the green light
Twitter’s shareholders have given Elon Musk’s $44 billion takeover deal the go ahead
It’s not exactly good news for billionaire Musk, who is trying to get out of the deal, citing concerns with spam accounts on the platform.
Twitter will attempt to force Musk to go through with the purchase, arguing that it’s too late to back out.
However, that decision will ultimately be left to the courts, in Delaware.
It follows testimony from Twitter Whistleblower, Peiter Zatko, who claims the social media platform is not transparent.
“I’m here today because Twitter leadership is misleading the public, lawmakers, regulators and even its own board of directors.”
Peiter Zatko, twitter whistleblower
Zatko, Twitter’s former head of security, says the platform can track any user’s precise location, and he knows because he was asked to do it.
“A Twitter engineer… could then access and inject or put forward information as… any of the senators sitting here today… Yes, I am concerned.
The company’s cybersecurity failures make it vulnerable to exploitation, causing real harm to real people.
“It’s not far-fetched to say that an employee inside the company could take over the accounts of all of the senators in this room,”
Peiter Zatko, twitter whistleblower
The final decision will be made by the Judge, at a hearing in October.
Money
U.S. and China approve TikTok sale to American investors
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.
This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.
Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.
The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.
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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection
Money
Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.
The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.
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Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews
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