Jury clears Elon Musk of wrongdoing in Tesla take-private fraud case
Elon Musk proved once again that he’s difficult to beat in court.
On Friday, a federal jury in San Francisco took just two hours to clear the Tesla Inc. chief executive officer of claims by investors that he defrauded them...
Shutterstock launches AI image generator — what it thinks Julius Malema, Helen Zille, and Jacob Zuma look like
We also asked it to generate images of Cyril Ramaphosa, Elon Musk, and Vladimir Putin, but it refused.
Even Elon Musk cannot save Eskom — but private power will save South Africa
Venture capitalist and former FNB CEO Michael Jordaan believes not even Elon Musk could succeed as Eskom CEO, and anyone willing to take the helm after André de Ruyter leaves would have to be "crazy".
Twitter owes over R116 million in rent
Under new owner Elon Musk, Twitter Inc. quit paying rent on its San Francisco headquarters in December, according to a lawsuit filed by the landlord.
The social media company failed to pay the $3.36 million (R57.74 million) December rent for its offices...
Unpaid experts suing Musk-owned Twitter who were hired to force Musk to buy Twitter
Twitter Inc. was sued by a consulting firm that claims it’s owed around $2 million for work relating to its lawsuit to force Elon Musk to complete his buyout of the social media platform.
Charles River...
Elon Musk's Twitter debt repayment plan in the spotlight
By all accounts — including Elon Musk’s — Twitter has more than enough money to make its first interest payments, expected to total about $300 million.
But with the payment date fast approaching, there’s nevertheless some anxiety over...
Zimbabwe and 21 other African countries getting Starlink before South Africa
South Africa is not among the 37 African countries where SpaceX's Starlink aims to roll out in the next two years.
The satellite Internet service now has widespread availability across several European countries...
Twitter HQ auction now live — bird statue draws $100,000 bid
Fancy an espresso machine once used by Twitter Inc. employees? Or a neon display of its logo? Fans of the social media company have a chance to get their hands on them in a fire sale of items from its San Francisco headquarters...
Retrenched Twitter workers denied class-action lawsuit
Twitter Inc. won a ruling forcing a group of laid-off workers fighting the company over their severance packages to pursue their claims in individual arbitration rather than through a class-action lawsuit.
Hundreds of workers who were laid...
Twitter working on in-app coins for creators
Twitter is experimenting with an in-app currency called "Coins" that creators can earn on the platform.
Two app researchers, Nima Owji and Jane Manchin Wong, recently tweeted screenshots of the feature, which is currently under development.
Tesla's share price has plunged 69% in 2022
The tailspin in Tesla Inc. shares accelerated Tuesday, marking their longest losing streak since 2018, as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks.
Shares of the Elon Musk-led company...
Twitter facing investigation in Europe over data breach
Elon Musk’s Twitter Inc. risks massive fines after its top privacy regulator in the European Union opened a probe into reports of a suspected data breach that compromised the personal details of 5.4 million users last year.
Ireland’s Data...
Tesla has lost over R3.73-trillion market value in December 2022
The automaker that, for the longest time, could do no wrong is capping off a rough 2022 with an awful December.
Tesla lost about $219 billion (R3.73 trillion) of market value just this month entering Friday’s session, which is...
Twitter bans promoting Facebook, Instagram, Mastodon while Elon Musk attends FIFA World Cup final
Twitter said it would remove accounts "created solely" to promote other social media platforms.
The company "will remove accounts created solely for the purpose of promoting other social platforms...
Twitter will no longer allow jet-tracking accounts
Twitter Inc. suspended multiple accounts that track the locations of private jets using publicly available flight data, including one that followed the plane of the company’s owner, Elon Musk.
Musk publicly declared last month that he would...