Business, Financial & Legal News - Page 12

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 12.

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Elon Musk says he's going to rock up at Mark Zuckerberg's house today ready to fight

Jak Connor | Aug 15, 2023 1:38 AM CDT

The highly anticipated cage fight between Meta CEO Mark Zuckerberg and X owner Elon Musk has taken a strange turn after Musk took to his personal X account to say he's rocking up at Zuckerberg's house.

Elon Musk says he's going to rock up at Mark Zuckerberg's house today ready to fight

The post from Musk comes after the X owner leaked text messages between him and Zuckerberg where the Meta CEO expressed doubts Musk wants to participate in a fight, especially considering Musk's recent medical problems that may require surgery. The messages between the two billionaires revealed Musk taunting Zuckerberg, as he called the Meta CEO a "modern day Bruce Lee".

Zuckerberg's text states that he doesn't want to keep hyping up an event that he doesn't believe will even take place, which was followed by, "so you should either decide you're going to do this and do it soon, or we should move on". Musk responded by saying he was going to be in Palo Alto on Monday and that the two social media owners should have a fight in Zuckerberg's octagon at his house.

Continue reading: Elon Musk says he's going to rock up at Mark Zuckerberg's house today ready to fight (full post)

SEC fines big banks $549 million over using iMessage, WhatsApp and Signal

Jak Connor | Aug 14, 2023 4:24 AM CDT

The Securities and Exchange Commission (SEC) has slapped a $500 million fine on big banks that used private messaging apps to communicate.

SEC fines big banks $549 million over using iMessage, WhatsApp and Signal

Wells Fargo, along with several other big banks, have been fined a total of $549 million over employees using private messaging apps such as iMessage, WhatsApp, and Signal. The SEC has cited a law that requires publicly traded companies to maintain auditable records of all business decisions and discussions. The Commodity Futures Trading COmmision (CFTC) also requires companies to keep an auditable record of trading decisions.

These rules were broken by big bank employees that reportedly conducted business-related discussions on the aforementioned apps. The employees used their personal phones for these discussions, which means there was no record of these discussions happening, or at least access to these conversations was only available through the personal accounts of these individuals.

Continue reading: SEC fines big banks $549 million over using iMessage, WhatsApp and Signal (full post)

Elon Musk leaks messages with Mark Zuckerberg where he calls him 'modern-day Bruce Lee'

Jak Connor | Aug 14, 2023 1:16 AM CDT

The highly anticipated cage fight between Elon Musk and Mark Zuckerberg has seemingly heated up once again, with both of the billionaires taking to their social media platforms to fire back at each other.

Elon Musk leaks messages with Mark Zuckerberg where he calls him 'modern-day Bruce Lee'

Meta CEO Mark Zuckerberg has taken to Threads to post a comment that calls out Musk for not being "serious" about the cage fight, citing his initial request for the fight to happen on August 26, UFC president Dana White offering to organize the event for charity, and Musk's lack of confirmation for the date, which was followed by an announcement that he may need surgery. Zuckerberg also said that Musk contacted him about having a practice round in Zuckerberg's octagon in his house.

Musk responded to a screenshot of Zuckerberg's Threads post by saying, "Zuck is a chicken". Musk then leaked the text messages between himself and Zuckerberg, where it can be seen that Zuckerberg wants the fight to happen soon, if it's going to happen at all, as he doesn't want to continue hyping up an event that he thinks will never happen. Musk responded by saying he would be in Palo Alto on Monday and, "Let's fight in your Octagon".

Continue reading: Elon Musk leaks messages with Mark Zuckerberg where he calls him 'modern-day Bruce Lee' (full post)

Elon Musk says the Zuckerberg cage fight will be held at 'epic location' in this country

Jak Connor | Aug 12, 2023 3:47 AM CDT

Elon Musk has given another update on the highly anticipated fight between him and Meta's CEO, Mark Zuckerberg.

Elon Musk says the Zuckerberg cage fight will be held at 'epic location' in this country

The fight was first mentioned back in June when Musk challenged Zuckerberg to cage fight on what was called Twitter and is now called X. Zuckerberg accepted the fight, and since then, both billionaires have been going back and forth on their respective social media platforms.

After the fight was thrown into doubt by a comment by Zuckerberg and Musk's potential health problems that may result in surgery, the owner of X has said he's currently talking to the Italian culture minister Gennaro Sangiuliano.

Continue reading: Elon Musk says the Zuckerberg cage fight will be held at 'epic location' in this country (full post)

Video and phone calls are confirmed to be coming to X by company CEO

Jak Connor | Aug 11, 2023 2:05 AM CDT

Linda Yaccarino, the CEO of X has conducted her first interview and revealed some new features coming to the social media platform.

Video and phone calls are confirmed to be coming to X by company CEO

Yaccarino sat down with CNBC for her first interview after taking on the role as X's CEO, and according to Yaccarino, X users can expect to be able to call users without having to provide their personal phone numbers.

The confirmation from Yaccarino comes after a mysterious post by X designer Andrea Conway, who wrote on August 10, "Just called someone on X". Additionally, Yaccarino said that phone calls and video calls are coming to X are part of the company rebrand and the overall goal of turning the social media app into the "everything app."

Continue reading: Video and phone calls are confirmed to be coming to X by company CEO (full post)

X CEO Linda Yaccarino says what was Twitter is about to get its head above water

Jak Connor | Aug 11, 2023 1:20 AM CDT

Since Elon Musk purchased what was formerly known as Twitter and is currently known as now X, the company has been drowning in its own finances, but now according to the new company CEO, the social media platform is on track to breaking even.

X CEO Linda Yaccarino says what was Twitter is about to get its head above water

Linda Yaccarino was named the new CEO of X on June 5, 2023, by company owner Elon Musk. Since Yaccarino entered into her new position, she has kept her head down, most likely making herself familiar with the inner workings of X and its current financial position. But now Yaccarino has stepped out of the shadows to conduct her first interview, saying that despite the widespread concern about X's financial position, the company is actually on track to break even.

X's current financial position can be attributed to advertisers pulling out of the social media platform following Musk's purchase of it for $44 billion back in October 2022. Advertisers left X due to the uncertainty of Musk's intentions with the platform and the concern that content moderation policies would be rolled back, enabling more diverse and, in some cases, inappropriate content to plague the platform.

Continue reading: X CEO Linda Yaccarino says what was Twitter is about to get its head above water (full post)

Elon Musk rolls out 'sensitivity settings' on X in an effort to resuscitate ad sales

Jak Connor | Aug 10, 2023 6:16 AM CDT

Elon Musk has implemented a new strategy with the goal of attracting advertisers back to the social media platform X, formerly called Twitter.

Elon Musk rolls out 'sensitivity settings' on X in an effort to resuscitate ad sales

When Elon Musk purchased what was Twitter for $44 billion in October 2022, the platform saw a dramatic drop in advertising expenditure as companies were concerned about the changes Musk planned on implementing when it came to content moderation.

The Tesla CEOs changes expanded what content could be posted on Twitter, under the guise of freedom of speech. Advertisers were concerned that their ads would appear alongside content that doesn't necessarily represent their brand or was just entirely inappropriate.

Continue reading: Elon Musk rolls out 'sensitivity settings' on X in an effort to resuscitate ad sales (full post)

MrBeast sued for $100 million over contract violations and 'disparaging comments'

Jak Connor | Aug 8, 2023 12:04 PM CDT

The company behind MrBeast's ghost kitchens has counter-sued the famous Youtuber for an astonishing $100 million.

MrBeast sued for $100 million over contract violations and 'disparaging comments'

The counter lawsuit came after Jimmy Donaldson, aka MrBeast, filed a lawsuit against Virtual Dining Concepts, alleging the company prioritized rapid expansion of high-quality products, resulting in food quality levels dropping to an inappropriate standard.

Donaldson's lawsuit alleges that many customers reported receiving their burgers with raw meat, were burnt, contained bugs, and other major problems. Furthermore, MrBeast's lawsuit claims that Virtual Dining Concepts (VDC) has not paid MrBeast and has used the YouTuber's image without his permission.

Continue reading: MrBeast sued for $100 million over contract violations and 'disparaging comments' (full post)

Elon Musk says he may require surgery before he fights Mark Zuckerberg

Jak Connor | Aug 8, 2023 10:14 AM CDT

Elon Musk has fired back at Meta CEO Mark Zuckerberg following his recent comments about the highly anticipated bout between the two billionaires.

Elon Musk says he may require surgery before he fights Mark Zuckerberg

It was only a few days ago that Elon Musk reignited the highly anticipated fight with Mark Zuckerberg after posting on his personal X account that he is taking weights to work in preparation for the coming fight. Additionally, Musk posted that the fight would be live-streamed on X, which Zuckerberg replied to on his personal threads account, "Shouldn't we use a more reliable platform that can actually raise money for charity?"

It wasn't long before Musk fired back at Zuckerberg, but his response seemingly has fallen short in terms of topping his opponents' last comments, with the Tesla and SpaceX CEO writing that he is undergoing medical examination that may result in required surgery before the fight. Musk responded to a post on X regarding the fight, saying, "Exact date is still in flux. I'm getting an MRI of my neck & upper back tomorrow. May require surgery before the fight can happen. Will know this week."

Continue reading: Elon Musk says he may require surgery before he fights Mark Zuckerberg (full post)

Elon Musk says where the Mark Zuckerberg cage fight will be livestreamed

Jak Connor | Aug 7, 2023 5:55 AM CDT

The Elon Musk versus Mark Zuckerberg cage fight seems to be back on the cards after the Tesla CEO tweeted where the fight would be live-streamed.

Elon Musk says where the Mark Zuckerberg cage fight will be livestreamed

The flight between the two billionaires was thrown into doubt when Mark Zuckerberg said during a company town hall meeting at Meta that he wasn't sure if the fight was "going to come together." The doubt from Zuckerberg came from leaked audio from inside the company town hall meeting, acquired by Reuters. Following the statement from Zuckerberg, the fight between the Meta CEO and Musk seemed to be on the ropes, with minimal chance of fruition.

However, the fight seems to be back on as Musk has taken to his personal X account to announce that the MMA bout will be live-streamed exclusively on X and that all of the proceeds generated from the event will be donated to charities for veterans. To further back up the argument that the fight is going to happen, Musk also tweeted that he has been lifting weights throughout the day to "prepare for the fight", and that he's been bringing weights with him to work as he doesn't have time to work out.

Continue reading: Elon Musk says where the Mark Zuckerberg cage fight will be livestreamed (full post)