By Donie O’Sullivan and Jennifer Korn, CNN Twitter is considering offering verified accounts to users who are willing to pay $19.99 a month for a subscription service, and it may take away the coveted blue check marks of existing users if they don’t start paying for the product within 90 days, according to internal Twitter
Continue ReadingBy Clare Duffy, CNN Business Twitter’s board of directors was dissolved on Thursday following Elon Musk’s takeover of the company, according to a securities filing on Monday. The company filing states that all previous members of Twitter’s board, including recently ousted CEO Parag Agrawal and chairman Bret Taylor, are no longer directors “in accordance with
Continue ReadingBy Chris Isidore and Peter Valdes-Dapena, CNN General Motors is pausing its advertising on Twitter now that the social media platform is owned by Tesla CEO Elon Musk, the company said in a statement Friday. The nation’s largest automaker said that it is making the change while it evaluates “Twitter’s new direction.” It said it
Continue ReadingBy Jennifer Korn, CNN Business In the hours after Elon Musk completed his purchase of Twitter late Thursday, many avid users began voicing their uncertainty about the future of the platform and whether they want to remain on it. But with few obvious alternatives, Twitter users may be left with nowhere else to go. Musk
Continue ReadingBy Chris Isidore, CNN Business The three top Twitter executives whom Elon Musk fired Thursday will walk out the door with about $187 million of Musk’s money. Former CEO Parag Agrawal, former CFO Ned Segal and former Chief Legal Officer Vijaya Gadde were ousted after Musk took control of the company late Thursday, according to
Continue ReadingBy Clare Duffy and Donie O’Sullivan, CNN Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. The company said the deal “became effective” on Thursday, as part of a
Continue ReadingBy Clare Duffy, CNN Business After spending months attempting to get out of his deal to buy Twitter, Elon Musk officially owns the hugely influential platform. Now the question is: What will he actually do with it? Musk’s takeover — which was finalized Thursday night, a source familiar with the matter told CNN — not
Continue ReadingBy Donie O’Sullivan and Clare Duffy, CNN Business Elon Musk has completed his $44 billion deal to buy Twitter, a source familiar with the deal told CNN Thursday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. Musk fired CEO Parag Agrawal and two other executives, according
Continue ReadingCNN, CNNBUSINESS By Clare Duffy, CNN Business Apple beat Wall Street analysts’ sales and income expectations for the quarter ended in September, despite an otherwise bruising earnings season for tech companies and worries that demand for the newest iPhones might have been weaker-than-expected. The tech giant posted sales of just over $90 billion during its
Continue ReadingBy Clare Duffy, CNN Business Apple beat Wall Street analysts’ sales and income expectations for the quarter ended in September, despite an otherwise bruising earnings season for tech companies and worries that demand for the newest iPhones might have been weaker-than-expected. The tech giant posted sales of just over $90 billion during its fiscal fourth
Continue ReadingBy Catherine Thorbecke, CNN Business Amazon stock fell some 14% in after-hours trading Thursday after the company forecast its holiday quarter sales would be lighter than analysts had expected. The e-commerce giant said it expects revenue for the final three months of the year to be between $140 billion to $148 billion, significantly below the
Continue ReadingBy Clare Duffy, CNN Business Elon Musk attempted to reassure Twitter’s advertisers about the future of the platform in an open letter Thursday, a day before his $44 billion takeover of the company is expected to be completed. In a letter posted to Twitter, Musk said he doesn’t want the platform to become a “free-for-all-hellscape
Continue ReadingCNN By Catherine Thorbecke Thousands of Instagram users reported issues with accessing the platform on Monday morning. Approximately 7,000 users reported the app was down around 10:15 a.m. ET, according to outage-tracking site Down Detector. After about 45 minutes, however, the number of reports had dipped noticeably. Instagram said in a tweet Monday that it
Continue ReadingBy Clare Duffy, CNN Business Apple is about to offer its first hints about iPhone 14 sales after weeks of rumors that demand for its latest smartphone lineup could be weaker than initially expected. On Thursday afternoon, Apple will report earnings results for the September quarter, a period that includes about two weeks’ worth of
Continue ReadingBy Michelle Toh and Gawon Bae, CNN Business Samsung has appointed Jay Y. Lee, its longtime de facto leader, as executive chairman. The move was announced Thursday, making official who would continue to head up South Korea’s most valuable and well-known company. Lee had previously held the title of vice chairman. Samsung’s board, which approved
Continue ReadingBy Chris Isidore, Matt McFarland and Peter Valdes-Dapena, CNN Business Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it’s going to cost the automaker $2.7 billion to walk away. The company announced Wednesday it would no longer provide financial support for Argo AI, a self-driving car
Continue ReadingBy Clare Duffy, CNN Business Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business. For the three months ended in
Continue ReadingBy Donie O’Sullivan and Clare Duffy, CNN Business Elon Musk plans to visit Twitter’s San Francisco office this week ahead of the expected close of his deal to buy the company, Twitter Chief Marketing Officer Leslie Berland told staff in an email Wednesday. “As you’ll soon see or hear, Elon is in the SF office
Continue ReadingBy Samantha Murphy Kelly, CNN Business The iPhone will support USB-C charging in the European Union to comply with a new ruling that mandates electronic devices have a common charging standard, an Apple executive said Tuesday night. “Obviously we will have to comply,” Greg Joswiak, Apple’s senior vice president of worldwide marketing, said at the
Continue ReadingBy Catherine Thorbecke, CNN Business Microsoft posted a double-digit profit decline in the three-month period ending in September as the company confronted a slowdown in the personal computing industry and a broader economic downturn. The tech giant on Tuesday reported net income of $17.6 billion for the quarter, a decrease of 14% from the year
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