Donald Trump’s media company saw its shares take another hit after filing for millions more in stock. In pre-trading hours on Monday, Trump Media & Technology Group fell more than 10%, falling from approximately $29 to $27. The fall came as Trump headed into a Manhattan courtroom where he faces more than 30 charges over … Read more
Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A deal could be announced soon, said the source, who requested anonymity as the discussions are confidential. The price being discussed is … Read more
Tesla has settled a lawsuit over a car crash which killed an Apple engineer in 2018 after his car veered off a highway near San Francisco, court documents showed on Monday. The settlement would help Tesla avoid a lengthy jury trial over what role its Autopilot driver-assistance technology may have played in the crash. The case involves a … Read more
Shares of Donald Trump’s media and technology firm fell as much as 12% on Monday, extending a selloff that has now reduced the value of his stake in the operator of Truth Social to $2.9 billion. After its strong debut in late March, investors have soured on Trump Media & Technology Group after the company disclosed … Read more
Paddy Cosgrave has returned to his role as CEO of the major European tech conference Web Summit – less than six months after he resigned after sparking outrage by accusing Israel of war crimes in Gaza. Cosgrave, an Irish entrepreneur and Web Summit’s co-founder, had stepped down from the firm’s top post last fall after … Read more
Investors close to Elon Musk are in talks to help his artificial-intelligence startup xAI raise $3 billion in a round that would value the company at $18 billion, the Wall Street Journal reported on Friday. Venture capital firm Gigafund and Steve Jurvetson are among the backers considering investing in the round, the report said, citing … Read more
A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the Securities and Exchange Commission that they misled investors before their stablecoin’s 2022 collapse shocked cryptocurrency markets. The jury delivered the verdict in federal court after a two-week trial after hearing closing arguments earlier in the … Read more
Apple is reportedly laying off 614 workers after cancelling its decade-long effort to build a self-driving electric car in its first round of job cuts since the pandemic. The Cupertino, Calif.-based iPhone maker notified employees of the layoffs on March 28, with changes to take effect on May 27, according to The Wall Stret Journal, … Read more
Tesla CEO Elon Musk said the electric vehicle giant is giving its artificial intelligence engineers a raise as the automaker tries to fend off poaching efforts by ChatGPT creator OpenAI. The tech billionaire made the revelation in a series of X posts Wednesday, confirming a report from The Information that Tesla machine-learning scientist Ethan Knight left for … Read more
SEO entrepreneur Joe Davies is sharing nuggets of wisdom about how to become a millionaire — now that he’s lovin’ his career path. After years of working dead-end jobs, including at McDonald’s, Davies longed to make a name for himself — an aspiration he shared with his childhood friend, Joe Taylor. “I didn’t go to university … Read more
