Money

Why Elon Musk subpoenaed former Twitter CEO Jack Dorsey

Published

2 years ago

August 23, 2022

It’s been revealed Elon Musk has subpoenaed former Twitter CEO Jack Dorsey, as part of his decision to back out of the 44 billion dollar takeover bid

Musk and Twitter are currently in the middle of a high-stakes legal dispute after the Tesla boss offered to buy the social media giant, but then walked away.

Musk claims Twitter failed to provide him with relevant information surrounding the true number of ‘spam bot’ or fake accounts the platform has.

But the social media company rejects this, alleging Musk’s reasoning is just an excuse for buyer’s remorse.

The two parties are heading to court in Delaware in October, in a trial which determine whether or not the acquisition goes ahead.

Meanwhile, Twitter has also subpoenaed a whole host of people connected to Musk, including the prominent venture capitalist Marc Andreessen and Paypal’s David Sacks.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Money

Why the meme-stock frenzy is unlikely to repeat

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2 days ago

May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

2 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

3 days ago

May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending