Elon Musk is being sued by the feds over the way he bought Twitter
Illustration by Kristen Radtke / The Verge; Getty Images Elon Musk’s acquisition of Twitter has resulted in a federal lawsuit by the Securities and Exchange Commission alleging that he broke securities laws with a late disclosure, and saved $150 million in the process. Before Musk agreed to buy Twitter for
Read moreCan Elon Musk really save TikTok?
Laura Normand / The Verge Chinese officials are reportedly exploring a backup plan for TikTok after the Supreme Court appeared unlikely to save it from a US ban. With TikTok’s legal options nearly exhausted, multiple news outlets are reporting that China is considering an option it previously said it wouldn’t:
Read moreAccel doubles down on Sarla Aviation’s ambition to develop electric air taxis in India
Accel has backed Indian startup Sarla Aviation for its aim to develop flying taxis for mass mobility in the country. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreElon Musk tweets so much, people bet over $1M weekly to guess how many posts
Will Elon Musk post more than 400 tweets this week? With Polymarket, this to be one of the silliest ways people spend their money on the internet. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreBiden admin’s final rule banning Chinese connected cars also bars robotaxi testing on U.S. roads
The U.S. Department of Commerce announced a final rule Tuesday that would ban the sale or import of connected vehicles from China and Russia due to national security concerns. The rule would also bar Chinese car companies, such as WeRide and Pony AI, from testing self-driving cars on U.S. roads.
Read moreNorth Korea linked to crypto heists of over $650 million in 2024 alone
Illustration by Alex Castro / The Verge Hackers in North Korea stole a total of $659 million in crypto across several heists in 2024, according to a joint statement issued today by the US, Japan, and South Korea. The report specified five such incidents, like the $235 million theft from
Read moreOpenAI appoints BlackRock exec to its board
OpenAI has appointed an executive at investment firm BlackRock to its board of directors. Adebayo “Bayo” Ogunlesi, a senior managing director at BlackRock and CEO of Global Infrastructure Partners, an infrastructure investing platform, has joined OpenAI’s board, OpenAI announced on Tuesday. In a statement, OpenAI board chairman Bret Taylor said
Read moreSubstack rolls out livestreaming for all publishers
After testing live video features in the fall, newsletter platform Substack announced on Tuesday that it is now making livestreaming available to all publishers. This new feature allows creators to engage with their viewers and collaborate with other publishers. The introduction of livestreaming indicates that Substack is following in the
Read moreTikTok users’ attempted migration to Chinese app RedNote isn’t going too well
American TikTok users have been thumbing their collective noses at the U.S. government’s decision to ban TikTok by spitefully joining another Chinese social media app, Red Note (aka Xiaohongshu), sending it to the top of the U.S. App Store on Monday. Unfortunately, many of those who already made the transition
Read moreCBRE buys remainder of co-working company Industrious at an $800M valuation
Real estate giant CBRE announced Tuesday that it is acquiring the rest of co-working startup Industrious, in which it already had a sizable investment, at a valuation of over $800 million. Founded in 2013, New York-based Industrious raised a total of $522 million in funding from investors, including Riverwood Capital and
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