By Clare Duffy, Brian Fung and Rachel Metz, CNN Elon Musk moved Friday afternoon to terminate his $44 billion deal to buy Twitter — the latest twist in a whirlwind process in which the billionaire Tesla CEO became the company’s biggest shareholder, turned down a board seat, agreed to buy the social media platform and
Continue ReadingBy Sara Ashley O’Brien, CNN Business In January, Elizabeth Holmes became the rare Silicon Valley founder convicted of fraud stemming from her time as CEO of her failed blood-testing startup, Theranos. On Thursday, her ex-boyfriend and former second-in-command, Ramesh “Sunny” Balwani, was also found guilty of fraud by a separate jury. Their back-to-back trials spanned
Continue ReadingBy Clare Duffy, CNN Business Twitter is laying off a portion of its recruiting team after previously saying it would pause most hiring. The move comes as Twitter continues to await a pending acquisition by Elon Musk, a process that has been marked by confusion and contention between the social media company and the billionaire
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Lupine came to Redmond’s BrightSide Animal Center as a surrender due to the kids’ allergies, but she is a well loved and sweet pup looking for a new family.
Continue ReadingBy Jennifer Korn In the wake of the Supreme Court decision to overturn Roe v. Wade, women living in states that criminalize abortion are grappling with the possibility that their phones could now hold incriminating information about their travel, search history and menstrual cycles. With that in mind, some popular services are rethinking the data
Continue ReadingCNN, CNN BUSINESS By Brian Fung, CNN Tech companies and data brokers that misuse or misrepresent how they handle Americans’ personal data, including reproductive health information, may find themselves on the hook with the Federal Trade Commission, the agency warned this week. On Monday, the FTC renewed its vow to investigate or sue companies that
Continue ReadingCNN By Jennifer Korn, CNN Business For years, the most popular internet browsers have included options to search for and visit websites in “private” modes. Those options may now be viewed as vital tools for some in the wake of Roe v. Wade’s demise, as abortion-seekers look to avoid having their personal data used against
Continue ReadingBy Clare Duffy, CNN Business Three House lawmakers are launching an investigation into the collection and sale of personal health data related to abortion by data brokers and period-tracking apps. They are seeking information from five data broker companies and five health-tracking app companies about their collection, retention and sale of personal health data, according
Continue ReadingBy Sara Ashley O’Brien, CNN Business Four years after the top two Theranos executives, Elizabeth Holmes and Ramesh “Sunny” Balwani, were first indicted together on a dozen federal fraud charges stemming from their time heading up the failed blood testing startup, both have been convicted by juries. Holmes, the founder and former CEO of Theranos,
Continue ReadingBy Sara Ashley O’Brien and Rishi Iyengar, CNN Ramesh “Sunny” Balwani, the former COO of failed blood testing startup Theranos and ex-boyfriend of founder Elizabeth Holmes, was found guilty of defrauding investors and patients. Jury deliberations stretched for four full days following a lengthy trial that got underway in March with opening statements. A jury
Continue ReadingBy Rishi Iyengar, CNN Business For much of the past decade, tech companies have showered their corporate employees with money and lavish perks to attract and retain talent in a hyper-competitive industry. That dynamic only kicked into overdrive the past couple of years amid a pandemic-fueled boom for tech products and services. “The hiring …
Continue ReadingCNN, CNN BUSINESS By Sara Ashley O’Brien, CNN Business Elon Musk, the Tesla and SpaceX CEO and world’s richest man, welcomed twins last year with an executive at one of his other companies, Neuralink, Insider reported on Wednesday. Musk, who posted a tweet on May 24 saying “USA birth rate has been below min sustainable
Continue ReadingBy Sara Ashley O’Brien, CNN Business Elon Musk, the Tesla and SpaceX CEO and world’s richest man, welcomed twins last year with an executive at one of his other companies, Neuralink, Insider reported on Wednesday. Musk, who posted a tweet on May 24 saying “USA birth rate has been below min sustainable levels for ~50
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We love to show off your pet pictures each Wednesday! Post your pic to the contest photo album at https://ktvz.com/play/2022/02/28/pet-pics/#/rounds/5/gallery.
Continue ReadingCNN By Catherine Thorbecke, CNN Business Two years after then-President Donald Trump said he would ban TikTok in the United States through an executive order, the short-form video platform is once again under scrutiny in Washington. And the underlying issue remains largely the same: TikTok’s ties to China through its parent company, Bytedance. A growing
Continue ReadingBy Catherine Thorbecke, CNN Business Amazon Prime members in the United States can now get free meal deliveries through Grubhub as part of a growing business partnership between the two companies. The deal, announced Wednesday, will give Amazon’s paying subscribers the option to sign up for a free one-year Grubhub+ membership (normally $9.99 a month)
Continue ReadingBy Sean Lyngaas, CNN Business Apple on Wednesday said it will release a new feature this fall for iPhone, Mac and iPad operating software that is designed to protect high-risk users such as journalists and human rights workers from sophisticated spyware that has been linked to human rights abuses. It’s one of the biggest steps
Continue ReadingBy Brian Fung, CNN Top lawmakers on the Senate Intelligence Committee called for a Federal Trade Commission probe of TikTok on Tuesday, amid allegations the social media company has made “repeated misrepresentations” to Congress and others on its data security practices. In a letter to FTC Chair Lina Khan, Sens. Mark Warner and Marco Rubio,
Continue ReadingBy Brian Fung, CNN The UK competition regulator on Wednesday announced the launch of an antitrust investigation into Microsoft’s proposed $68.7 billion acquisition of video gaming giant Activision Blizzard. The probe into what would be Microsoft’s biggest acquisition in its history will focus on whether the deal may substantially lessen competition — or create expectations
Continue ReadingBy Diksha Madhok, CNN Business Twitter has mounted its first legal challenge to the Indian government over official orders to take down content. The social media company has had a tough time in India since last year, spending months locked in a high-stakes standoff with the government of Prime Minister Narendra Modi over freedom of
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