Elon Musk says his deal to buy Twitter is on hold

Elon Musk says his deal to buy Twitter is on hold

London CNN Business — Elon Musk said he is putting his bid to acquire Twitter (TWTR) on hold, weeks after agreeing to take the company private in a $44 billion deal. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted on Friday. … Read more

Disney Plus adds 8 million subscribers—but it’s still operating at a loss

Disney Plus adds 8 million subscribers—but it's still operating at a loss

Disney+Photo: NICK AGRO/AFP via Getty Images When Disney first launched its streaming service Disney+ back in November of 2019, it did so with a long-term mindset. Streaming was, presumably, the future, and so the company was willing to burn a lot of money to catch up with more established performers in the industry—most notably Netflix, … Read more

Nissan is Profitable for the First Time in Years

Nissan is Profitable for the First Time in Years

Photo: Nissan Nissan is making money again, Rivian is not, and GM. All of that and more in The Morning Shift for May 12, 2022. 1st Gear: Nissan Nissan has had a weird three years or so following the ouster of former CEO Carlos Ghosn under circumstances that can only be described as too bizarre … Read more

Bitcoin crash is crushing Coinbase. Stock plunges again

Bitcoin crash is crushing Coinbase.  Stock plunges again

New York CNN Business — The bitcoin crash is hitting Coinbase really, really hard. The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now down more … Read more

All-private SpaceX astronaut mission to return home from the ISS after nearly week-long delay

All-private SpaceX astronaut mission to return home from the ISS after nearly week-long delay

New York CNN Business — The first all-private mission to the International Space Station is slated to complete the final leg of its journey this weekend, capping off what turned into a longer-than-expected journey after bad weather kept the passengers on the space station for several extra days . The mission, called AX-1, was brokered … Read more

NASA Needs Canoo To Make A Working EV Astronaut Carrier By 2023

NASA Needs Canoo To Make A Working EV Astronaut Carrier By 2023

science fiction? Photo: Canoo If you ask me what astronauts drive, I’ll tell you it’s a Corvette because that’s the car every Apollo spaceman had. But while they might have popped out for the groceries in a 60s ‘Vette, that’s not what they were shipped to the launchpad in. In the Apollo days, this job … Read more

Etsy Sellers Are Striking Over Transaction Fee Hikes

Etsy Sellers Are Striking Over Transaction Fee Hikes

Photo: SOPA Images (Getty Images) The makers of your favorite personalized pillow cases and DIY jewelry on Etsy are preparing for a digital strike in protest of what they see as exorbitant seller fees. Organizers say the strike will begin on April 11. For the duration of the protest, they are planning to put their … Read more

Deutsche Bank execs fired after corporate strip club visit

Deutsche Bank execs fired after corporate strip club visit

Deutsche Bank this week fired four New York employees — including a number of top executives — after a visit to a strip club was charged to the company, The Post has learned. An attempt was made to then sweep the visit and the accompanying charges under the rug, a source familiar with the matter … Read more

Activision Blizzard Sex Harassment Lawsuit Alleges Retaliation

Activision Blizzard Sex Harassment Lawsuit Alleges Retaliation

Picture: Activision Blizzard / Kotaku A new lawsuit against call of duty publisher Activision Blizzard by a current employee raises fresh allegations of sexual harassment at the publisher, this time focused on leaders in Blizzard’s IT department. According to the lawsuit, the current employee was repeatedly subjected to unwanted advances, touching, and inappropriate remarks. She … Read more

Arizona is the first state to accept digital driver’s licenses on iPhones

Arizona is the first state to accept digital driver's licenses on iPhones

CNN — iPhone owners with an Arizona driver’s license or state ID can now upload either to their Apple Wallet, marking the first time a US state has supported digital versions of this type of identification in the app. But the uses remain very limited, for now. Starting Wednesday, Arizona residents with TSA PreCheck can … Read more