tech

Twitter subpoenas Elon Musk’s associates as legal battle heats up

The list of those who have received subpoenas includes several prominent investment firms and venture capitalists, some of whom are of the so-called PayPal mafia, a group of influential figures in the tech industry who worked at the payment company cofounded by Musk. According to a court filing, Twitter sent a subpoena to Founders Fund, …

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Likely debris from a SpaceX capsule found in Australia

SpaceX did not return a request for comment, and typically does not interact with news media. Local media reports said at least three pieces of debris have been recovered in the mountain range near Australia’s southernmost tip, and according to NASA’s statement, SpaceX confirmed it is likely to be a part of the Dragon’s trunk. …

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Airbnb says demand is soaring even amid economic uncertainty

Airbnb said Tuesday that it had 103.7 million bookings on its platform during the three months ended in June, a new quarterly high for the company and a 24% increase from the same period in 2019, before its business was devastated by the pandemic. With that jump in bookings, Airbnb posted revenue of $2.1 billion, …

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Scientists baffled as Earth spins faster than usual

Scientists have been left baffled after discovering the Earth is spinning faster than normal — making days shorter than usual. New measurements by the UK’s National Physical Laboratory show that the Earth is spinning faster than it was half a century ago. On June 29, the Earth’s full rotation took 1.59 milliseconds less than 24 …

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Billionaire Jack Ma to cede control of China’s Ant Group

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth. While it only owns a 10% stake in Ant, an affiliate of Alibaba Group …

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Teams will ‘shrink’ as Meta revenue drops

Meta CEO Mark Zuckerberg said Wednesday that he expects to trim the workforce at the parent of Facebook and Instagram after announcing the first-ever decline in revenue. “This is a period that demands more intensity and I expect us to get more done with fewer resources,” Zuckerberg told analysts. The Facebook founder said that because …

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Saudi crown prince touts vertical living in zero-carbon city

The zero-carbon city that Saudi Arabia plans to build at NEOM will vertically layer homes, offices, public parks and schools within a mirrored facade stretching over 150 miles, the crown prince said on Monday in remarks carried by state media. Crown Prince Mohammed bin Salman first unveiled plans for “The Line” in January 2021, the …

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Twitter has set a date for its shareholders to vote on Elon Musk acquisition

The company on Tuesday sent shareholders a letter saying it would hold a virtual special meeting on September 13 to vote on the merger agreement, according to a regulatory filing. The announcement comes as the legal fight between Twitter (TWTR) and Musk over the deal revs up. Musk earlier this month moved to terminate his …

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