Business

Elon wants to go to war with Apple.  History suggests that it probably won't change anything.

Elon wants to go to war with Apple. History suggests that it probably won’t change anything.

Elon Musk sent a note to Twitter staff on Thursday confirming that job cuts would be announced on Friday.Carina Johansen/Getty Images Elon Musk isn’t the first – or necessarily the most powerful – to take on Apple’s App Store fees. Industry insiders from developers to CEOs have long denounced the 30% fee, dubbed the “App …

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Twitter is less secure due to Elon Musk's management style, says former top official |  CNN Business

Twitter is less secure due to Elon Musk’s management style, says former top official | CNN Business

CNN Business — The dictatorial management style of Twitter owner Elon Musk risks driving the company headlong into unforced business mistakes, content moderation disasters and the degradation of the platform’s core features that help protect vulnerable users, according to a former top Twitter executive who led the company’s content moderation before quitting abruptly. this month. …

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Twitter is less secure due to Elon Musk's management style, says former top official |  CNN Business

Twitter is less secure due to Elon Musk’s management style, says former top official | CNN Business

CNN Business — The dictatorial management style of Twitter owner Elon Musk risks driving the company headlong into unforced business mistakes, content moderation disasters and the degradation of the platform’s core features that help protect vulnerable users, according to a former top Twitter executive who led the company’s content moderation before quitting abruptly. this month. …

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AMC Networks to slash 20% of its U.S. workforce as cord-cutting, streaming costs and economic jitters wreck media

AMC Networks to slash 20% of its U.S. workforce as cord-cutting, streaming costs and economic jitters wreck media

A media industry battered by streaming losses, anemic stocks, layoffs and executive turmoil unveiled its latest losses on Tuesday: 20% of AMC Networks’ U.S. staff, or about 200 people, as well as the departure of the CEO Christina Spade. The news follows the equally sudden departure of Bob Chapek last Sunday from Disney after a …

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Elon Musk discovers that freedom of expression is not rocket science

Elon Musk discovers that freedom of expression is not rocket science

“This is a battle for the future of civilization. If free speech is lost even in America, tyranny is all that awaits us. So says Elon Musk, the billionaire owner of Twitter, which remains, for now, the go-to place for political obsessives to debate polarizing topics like gender therapy, school vouchers and Covid-19 politics. . …

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Kroger, Albertsons CEOs Defend Grocery Combination, Say Deal Won't Harm Competition

Kroger, Albertsons CEOs Defend Grocery Combination, Say Deal Won’t Harm Competition

Albertsons and Kroger supermarkets Brigitte Bennet | Bloomberg | Getty Images; Brandon Bell | Getty Images The battle over whether grocery giants Hooks and Albertson should be allowed to combine heaters. On Tuesday, the two companies’ executives defended their merger proposal at a congressional hearing in Washington, where they faced a series of questions about …

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Live stock market news updates: Stocks drop on China COVID concerns, economic data

Live stock market news updates: Stocks drop on China COVID concerns, economic data

U.S. stocks edged lower on Tuesday as Wall Street continued a slow start to the week as investors continued to watch China’s COVID policy and anticipate Federal Reserve Chairman Jerome Powell’s expected speech. The S&P 500 (^GSPC) fell 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was virtually …

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HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Stocks trade lows ahead of Powell speech: Market recap

Stocks trade lows ahead of Powell speech: Market recap

(Bloomberg) – Stocks pared most of their losses as traders didn’t want to make big bets ahead of Jerome Powell’s speech on Wednesday. Bloomberg’s Most Read Gains in energy, industrials and financials companies tempered a decline in big tech. Amazon.com Inc., which sells investment-grade debt securities, saw its shares tumble. A gauge measuring the global …

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There's a big problem with the Kroger-Albertsons supermarket merger |  CNN Business

There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …

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