Content moderator in Kenya sues Meta over working conditions

NAIROBI, May 10 (Reuters) – A former moderator working for Facebook owner Meta Platforms Inc. (FB.O) on Tuesday filed a lawsuit alleging that poor working conditions for contracted content moderators violate the Kenyan constitution. The petition, also filed against Meta’s local outsourcing company, Sama, alleges that workers who moderate Facebook posts in Kenya have been … Read more

Nasdaq ends sharply higher after Twitter agrees to takeover by Musk

Wall Street fear gauge at highest since mid-March Twitter surges after Elon Musk takeover deal Beijing threatened with lockdown, cyclicals lead declines Indices: Dow +0.70%, S&P 500 +0.57%, Nasdaq +1.29% April 25 (Reuters) – Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be taken over by billionaire Elon … Read more

Elon Musk’s Tesla Accelerates Cost Rise With Price Hikes

SAN FRANCISCO, April 20 (Reuters) – Tesla Inc results (TSLA.O) beat Wall Street expectations on Wednesday as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. The results are also expected to trigger $23 billion in new payouts to CEO Elon Musk, already the world’s richest man. Tesla has … Read more

Wall St ends lower as investors await further earnings hints

Bank of America boosts the S&P 500 Twitter wins after adopting ‘poison pill’ Didi to meet on US delisting plans, stocks fall Indices down: Dow 0.11%, S&P 0.02%, Nasdaq 0.14% April 18 (Reuters) – U.S. stocks closed lower on Monday after a session in which all three benchmarks slid between positive and negative territory as … Read more

US stocks fall as rising bond yields hit growth stocks

Twitter slips on Elon Musk’s $43 billion takeover bid Big banks beat expectations and report profit declines All three major US stock indices post weekly declines Indices down: Dow 0.33%, S&P 1.21%, Nasdaq 2.14% NEW YORK, April 14 (Reuters) – Wall Street closed lower on Thursday at the end of a holiday-shortened week as bond … Read more

Elon Musk rushes Twitter with $41 billion cash offer

Elon Musk speaks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan January 13, 2015. REUTERS/Rebecca Cook/File Photo Join now for FREE unlimited access to Reuters.com Register April 14 (Reuters) – Elon Musk offers to buy Twitter (TWTR.N) for around $41 billion in cash, saying the social media company he has … Read more

Cryptoverse: 10 billion reasons why bitcoin could become a reserve currency

April 12 (Reuters) – A crypto platform’s pledge to raise $10 billion worth of bitcoin to back its own “stablecoin” is boosting the market. This is part of a larger movement to crown bitcoin as the reserve currency of a new era. Seoul-based Terraform Labs has so far amassed nearly 40,000 bitcoins worth $1.7 billion … Read more

Twitter says billionaire Musk is not joining its board, warns of ‘coming distractions’

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo Join now for FREE unlimited access to Reuters.com Register April 11 (Reuters) – Twitter Inc. (TWTR.N) said on Sunday that Elon Musk had rejected his offer to join the social … Read more

Elon Musk’s arrival raises fears among some Twitter employees

Elon Musk speaks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan January 13, 2015. REUTERS/Rebecca Cook Join now for FREE unlimited access to Reuters.com Register Concerns center on Twitter’s ability to moderate content Fear Musk’s take on moderation could allow trolling to thrive Managing Twitter, employees make day-to-day decisions – … Read more