Elon Musk has pledged to make Twitter a bastion of free speech and crack down on spam bots, but government regulators and watchdogs claim he has yet to answer key questions about his plans. On Tuesday evening, the self-described “free speech absolutist” took to Twitter to lay out his vision for the site after winning … Read more
Madison Cawthorn, the controversial GOP freshman congressman, may have broken the law by engaging in insider trading as part of a pump-and-dump cryptocurrency scheme, according to a report. The Republican from North Carolina appeared at a Dec. 29 party alongside hedge fund manager James Koutoulas, who is the chief promoter of the “Let’s Go Brandon” … Read more
Facebook has failed to safeguard users’ personal data to the point where the company doesn’t know what happens to it or where it ends up, the firm’s software engineers have warned. The news site Motherboard obtained leaked documents indicating that senior software engineers warned the company was unprepared for a “tsunami” of privacy regulations by … Read more
MSNBC anchor Joy Reid ripped billionaire Elon Musk following his $44 billion deal to buy Twitter on Tuesday evening – alleging the South Africa-born billionaire and Tesla boss wanted the social media platform because he “misses” the country’s apartheid era. Reid argued that Musk’s plan to dial back Twitter’s strict content moderation policies to protect … Read more
Archegos Capital Management founder Bill Hwang and the fund’s chief financial officer Patrick Halligan were arrested Wednesday by federal agents and indicted on charges including securities fraud, wire fraud and racketeering. In a lawsuit filed in the Southern District of New York, US prosecutors allege Hwang — whose Archegos fund spectacularly collapsed in March 2021, … Read more
Elon Musk’s $44 billion Twitter buyout agreement includes a bizarre clause banning him from tweeting criticism about the company – though the billionaire already appears to be testing the rule’s limits. An SEC filing published this week detailing the agreement notes Musk – identified in the document as “equity investor” – “shall be permitted to … Read more
As Capitol Hill seeks to rein in Big Tech, a slew of local business owners are slamming the proposed antitrust legislation in letters to the editors of local newspapers across the US — and they appear to be working off talking points that are strikingly similar to each other. At least a half-dozen pieces bashing … Read more
Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which is reporting its quarterly results later this week, said the rapid headcount growth has led to some duplicate roles and job functions. As of Dec. … Read more
Wall Street may finally be getting over its “Fortnite” addiction. Epic Games, the maker of the wildly popular, shoot-em-up video game, launched a flopped attempt to raise cash last month in a deal that would have valued the company nearly 40% higher than what it settled for a few weeks later, The Post has learned. … Read more
Veteran media personality Megyn Kelly warned that a Florida Gov. Ron DeSantis-led effort to revoke Disney’s special tax district following a flap over the state’s “Don’t Say Gay” law could be overturned if it faces a legal challenge. Kelly detailed her concerns about DeSantis’ action against Disney during Monday’s episode of her podcast “The Megyn … Read more