Twitter Inc. said that Silver Lake will make a $1 billion investment in the company. That money, along with cash on hand, is expected to be put toward a $2 billion stock buyback.
Elliott Management Corp., which owns about 4% of Twitter’s stock, will get one seat on Twitter’s board. Silver Lake will also get a board seat.
Continue reading your story on the app
Continue reading your story in the magazine
The most powerful Pro lineup ever created
NIPPON STEEL SUES JAPAN BUSINESS PARTNER TOYOTA OVER PATENT
Nippon Steel Corp. is suing Toyota Motor Corp. over a patent for a technology used in electric motors in a rare case of legal wrangling between Japan’s top steelmaker and top automaker over intellectual property.
CHINA CRACKDOWN ON APPLE STORE HITS HOLY BOOK APPS, AUDIBLE
Amazon’s audiobook service Audible and phone apps for reading the holy books of Islam and Christianity have disappeared from the Apple store in mainland China, the latest examples of the impact of the country’s tightened rules for internet firms.
THE BEST TRAVEL PLAN THIS HOLIDAY SEASON: A BACKUP PLAN
It’s not even the busiest time of year for travel yet, and 2021 has already been chaotic — even for the most seasoned travelers.
CHINA CALLS MISSILE LAUNCH ‘ROUTINE TEST' OF NEW TECHNOLOGY
China said its launch of a new spacecraft was merely a test to see whether the vehicle could be reused.
AS BITCOIN GOES MAINSTREAM, WALL STREET LOOKS TO CASH IN
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day.
CARBON DIOXIDE UNDERGROUND STORAGE PROJECT ADVANCES
Plans for North Dakota’s first carbon dioxide storage project are moving forward.
DENIS VILLENEUVE'S DREAMS OF ‘DUNE' REACH THE BIG SCREEN
It was the eyes that drew Denis Villeneuve to “Dune.”
RIGHT ON CUE: NBA FINDS HIGHTECH OPTION FOR VIRUS TESTING
If so inclined, an NBA player could now test himself for the coronavirus and get results on his phone in no more than 20 minutes.
WALGREENS BEGINS TESTING DRONE DELIVERY IN TEXAS
Walgreens will begin flying packages by drone to residents in a pair of Texas cities in partnership with Google’s drone-making affiliate, Wing.
TRUMP ANNOUNCES LAUNCH OF HIS VERY OWN SOCIAL MEDIA SITE
Nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection, former President Donald Trump said this week he’s launching a new media company with its own social media platform.
Can twitter get us to be nice?
Social networks are all designed to make people angry and keep them coming back for more. Now, one of the worst offenders is trying to be less of a hellscape
Patreon Prepares For Its Close-Up
The service, which lets creators offer subscriptions, is beginning to compete more directly with tech giants
You Don't Need Millions to Get Started in NFTs
When the Paper Cats project launches, it should be a continually affordable non-fungible token (NFT) avatar.
2022 Mercedes-EQ EQS
Look elsewhere for a Tesla competitor.
As Twitter’s first Chief Design Officer, Dantley Davis was given a mandate to fight toxicity on the platform and shake up the company’s corporate culture. Both are uphill battles.
Master Social Media Without Sacrificing Your Privacy
Some people have no filter. They’ll conduct the most personal phone conversations at maximum volume on the subway. Or they’ll regale perfect strangers with the excruciating details of their latest medical procedures. Most of us, though, have a better idea of how to maintain privacy for ourselves and our friends. But do you take the same attitude on social media? It’s easy to notice that you’re too loud on the phone in public, but it’s less easy to realize that your settings let any schmo read your social media posts. And yet protecting your privacy on social media is important, in more ways than you may realize.
SELF-CANCELLATION, DE-PLATFORMING, AND CENSORSHIP
A TAXONOMY OF CANCEL CULTURE
MINECRAFT archivists finally uncover the rarest known build of the game
Beyond the Reddit of the Apes
Social media is more than bros pushing meme stocks. Smart, fresh voices are out there