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Elon Musk meets Speaker of the House Kevin McCarthy and Hakeem Jeffries

CNN — Elon Musk, CEO of Twitter and Tesla, with House Speaker Kevin McCarthy and Democratic Leader Hakeem Jeffries at the US Capitol in Washington on Thursday evening. McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say, “He came for my birthday.” The California Republican turned 58 on …

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BuzzFeed says it will use AI to help create content, stock jumps 150%

New York CNN — BuzzFeed said Thursday it will work with ChatGPT creator OpenAI to use artificial intelligence to help create content for its audience, marking a milestone in how media companies implement the new technology. in their activities. Jonah Peretti, the company’s co-founder and chief executive, told employees in a memo that they can …

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DOJ sues Google for its dominance in the online advertising market

CNN — The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance in the online advertising market and calling for its dissolution. The decision marks the Biden administration’s first successful antitrust case against a Big Tech company. The eight states joining the lawsuit are California, Colorado, …

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Netflix founder Reed Hastings steps down as co-CEO

New York CNN — Netflix announced on Thursday that its founder Reed Hastings is stepping down as co-CEO of the company and will become executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in …

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Fired Twitter workers can’t pursue claims via class action, judge says

Twitter (TWTR) has won a ruling allowing the social media company to force several terminated workers pursuing their dismissal to pursue their claims through individual arbitration rather than a class action. U.S. District Judge James Donato ruled on Friday that five former Twitter employees suing a proposed class action lawsuit accusing the company of failing …

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Elon Musk has lost a bigger fortune than anyone in history

New York CNN — Elon Musk’s wealth destruction has become historic. The CEO of Tesla (TSLA), SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, well enough for second place on the world’s richest list behind LVMH (LVMHF) chairman Bernard Arnault. But at his peak in November 2021, Musk’s net worth …

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Elon Musk’s Twitter Obsession Isn’t the Main Reason for Tesla’s Stock Drop

New York CNN — A popular misconception has emerged about Elon Musk and Tesla: The mega-billionaire’s love affair with Twitter is the main reason why Tesla shares have lost so much value this year. But Tesla’s strong stock selloff this week proved that Musk’s automaker’s problems go far beyond Twitter. Even though Musk signals he …

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Twitter layoffs continue under Elon Musk

CNN — Other Twitter employees were laid off Thursday as part of ongoing layoffs under new owner Elon Musk, including public policy and media and entertainment teams, according to tweets from affected employees. As part of Thursday’s layoffs, members of Twitter’s public policy team who remained after last month’s massive layoffs were again roughly halved …

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