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Judge Says Twitter v Musk Trial On Schedule Despite Deal U-Turn 

October 6, 2022

Kathleen McCormick, the judge overseeing the Twitter v Elon Musk trial, says the case is still set to go ahead later this month, despite Musk’s apparent willingness to now complete his deal…

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Meta Reportedly Looking to Cut Costs by 10% 

September 22, 2022

Meta, the parent company of Facebook, is looking to cut costs by 10% or more over the coming months, according to a report by the Wall Street Journal.  As part of those…

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YouTube’s ‘Not Interested’ Button Barely Works – Report 

September 20, 2022

YouTube’s “not interested” and “dislike” buttons barely work, according to a new study by Mozilla.  When users tell the video platform they don’t want to watch certain videos using the buttons, they…

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Twitter Finally Adds Edit Button 

September 2, 2022

For many years users of the social media platform Twitter have asked for one thing, an edit button. Finally, the company is giving in to the pressure, and will trial the new…

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Snap cuts 20% of Workforce in Restructuring Effort 

September 1, 2022

Snap, the maker of the messaging app Snapchat, will cut a fifth of its workforce and scrap a host of new projects, as the company looks to recover from a year of…

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Musk Subpoenas Twitter Whistleblower in Latest Bid to Nullify Takeover Deal 

August 30, 2022

Elon Musk has subpoenaed the Twitter whistleblower who last week accused the company of poor security practices, as he continues to fight to withdraw from his $$44 billion agreement to buy the…

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Twitter’s Ex-Security Chief Alleges Cybersecurity Mismanagement

August 23, 2022

The former head of security at Twitter has accused the company of “egregious deficiencies, negligence, willful ignorance, and threats to national security and democracy,” according to a whistleblower complaint filed with the…

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Meta Suffers First Ever Year-on-Year Revenue Decline

July 29, 2022

Meta, the parent company of Facebook, WhatsApp and Instagram, posted its first yearly decline in revenue in the firm’s history this week, as advertising sales fell in the three months to July. …

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Musk Attempts to Withdraw from Twitter Deal

July 11, 2022

Elon Musk will withdraw from his $44 billion agreement to buy social media platform Twitter, the billionaire has stated, although it remains to be seen whether he may yet be forced to…

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Facebook Announces Plans to Hire 10,000 People to Help Build Metaverse

October 19, 2021

Facebook CEO Mark Zuckerberg’s dream of building a metaverse — an all-encompassing online world— gathered momentum this week when the company announced its intention to hire 10,000 workers in the European Union…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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