Musk says he wants Twitter again and will pay $44B price

10/05/2022 13

Elon Musk wants Twitter again — and Twitter is game. The billionaire Tesla CEO has proposed buying the company at the originally agreed-on price of $44 billion. That brings the tumultuous, monthslong saga another step closer to a conclusion. Musk made the surprising turnaround in a letter to Twitter that the company disclosed in a filing with the U.S. Securities and Exchange Commission. It came less than two weeks before a trial between the two parties over Musk’s attempt to back out of the deal is scheduled to start in Delaware. Musk also faced a scheduled deposition by Twitter attorneys starting Thursday.

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TikTok may face big fine over children’s data protection

British authorities say TikTok could face a 27 million-pound ($29 million) fine over a possible breach of U.K. data protection law by failing to protect children’s privacy when they are using the video-sharing platform. The Information Commissioner’s Office said it has issued the social media company a legal document that precedes a potential fine. It said TikTok may have processed the data of children under 13 without appropriate parental consent, […]

10/04/2022 11