tech

Elon Musk says his deal to buy Twitter is on hold

Elon Musk says his deal to buy Twitter is on hold

“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. The news initially sent Twitter shares down more than 20% in pre-market trading before the stock rebounded somewhat. Two hours after his first tweet, Musk posted that he is “still committed …

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The clock is running out for Congress to pass Big Tech antitrust bills this year

The clock is running out for Congress to pass Big Tech antitrust bills this year

Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later — amid feverish lobbying efforts by Apple …

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Tech is hitting the brakes on hiring even as other industries keep adding jobs

Tech is hitting the brakes on hiring even as other industries keep adding jobs

San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider …

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