Business

Twitter hires US law firm Wachtell to sue Musk for ending $44bn takeover

Twitter hires US law firm Wachtell to sue Musk for ending $44bn takeover

Twitter has hired elite law firm Wachtell, Lipton, Rosen & Katz as it readies for a legal battle against Elon Musk, who has moved to terminate his $44bn acquisition of the social media company, according to two people familiar with the situation. The San Francisco company is preparing to file its lawsuit with the Delaware …

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A brief history of Bitcoin crashes and bear markets: 2009–2022

A brief history of Bitcoin crashes and bear markets: 2009–2022

Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in …

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This Week on Crypto Twitter: Another Elon Musk Company to Accept Dogecoin and 3AC's Founders Might Be AWOL - Decrypt

This Week on Crypto Twitter: Another Elon Musk Company to Accept Dogecoin and 3AC’s Founders Might Be AWOL – Decrypt

Illustration by Mitchell Preffer for Decrypt The week was truly a mixed bag. Leading cryptocurrencies recaptured lost ground after weeks of general declines, but on the business side of things, Vauld and Voyager became the latest crypto lenders to battle insolvency after Celsius and BlockFi. Along those lines, former leading crypto hedge fund Three Arrows …

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21 Last-Chance Early Prime Day Deals You Still Can Shop Ahead of the Big Day

21 Last-Chance Early Prime Day Deals You Still Can Shop Ahead of the Big Day

This story is part of Amazon Prime Day, CNET’s guide for everything you need to know and how to find the best deals. While Prime Day doesn’t officially kick off until Tuesday, July 12, the deals are already in full swing. Amazon likes to offer subscribers plenty of early deals ahead of the big day, …

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Rally Failed This Test Several Times; 9 Stocks Flash Buy Signals

Rally Failed This Test Several Times; 9 Stocks Flash Buy Signals

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with Twitter stock in focus as Elon Musk moved to end his takeover. The stock market rally showed strength, with the Nasdaq leading the major indexes higher while more quality stocks flashed buy signals. The Nasdaq closed the week …

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Elon Musk may have to complete $44bn Twitter takeover, legal experts say

Elon Musk could be forced by a US court to complete his $44bn takeover of Twitter, according to legal experts, despite pulling the plug on the transaction. The Tesla chief executive told Twitter on Friday that he is terminating the deal, citing concerns over the number of spam accounts on the social media platform. Twitter’s …

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