Europe lambasted for failing to deter Putin’s war

DAVOS, Switzerland – The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this … Read more

Nasdaq records first seven week losing streak since 2002

Tech companies have not seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 years. Inflation, rising interest rates, the war in Ukraine and pandemic lockdowns in China are … Read more

Opinion: Elon Musk does not want to buy Twitter anymore, but Twitter should make him pay for it

It’s becoming quite clear that Elon Musk no longer wants to buy Twitter Inc., at least not at the price he negotiated. But Twitter should not walk away without at least $ 1 billion – and potentially much more – for the trouble. Musk’s bid for Twitter TWTR, + 2.49% has become one of the … Read more

Musk with Twitter execs before making a bid, unclear if bots discussed

Elon Musk has said he will not move forward with his $ 44 billion Twitter acquisition until he has more details about fake accounts on the platform, but he met with the company’s top brass for three days to discuss its business before he publicly announced his bid, according to a new securities filing. The … Read more

Elon Musk has wrong approach to count fakes, spam on Twitter: experts

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $ 44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued … Read more

Elon Musk says Twitter deal on hold pending details on fake accounts

Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, US, on Thursday, Oct. 10, 2019. Bloomberg / Getty Elon Musk announced Friday that his Twitter deal is on hold until he receives more information about how many fake accounts there are on the social media platform. Twitter’s stock plummeted 18% following the announcement. … Read more