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Tycoons back Donald Trump
Elon Musk, Bill Ackman and other tycoons have publicly endorsed Donald Trump for the White House race in the wake of the attempted assassination at a Pennsylvania rally.
Musk, the CEO of Tesla and the owner of X/Twitter posted his…
Elon Musk returns to Cannes to win back advertisers
Elon Musk launches a charm offensive in an attempt to win advertisers back to X, as he battles to quell a backlash against his erratic managerial style.
After missing the festival last year, the billionaire will return to the Advertising…
Euro 2024: Gen Z and TV Football in Crisis
The 1966 World Cup Final was a turning point not only for English football but also for broadcasting.
The victory of England over West Germany was watched by an estimated 32,3 million people. It remains the most watched TV broadcast in…
GameStop shares soar as ‘Roaring’ Kitty returns
The shares of the video game retailer GameStop nearly doubled on Monday when the day trader linked to the meme stock mania in January 2021 appeared on X, the first time in 3 years.
Keith Gill (also known as Roaring Kitty and…
Bud Light boycott weighs on AB InBev sales
The boycott of Bud Light by consumers over a promotion with social media influencer Dylan Mulvaney, a transgender woman, continues to impact American sales.
Anheuser-Busch InBev has reported a 9.1 percent drop in revenue in the United…
TikTok welcomes back music stars
Adele, Drake, and other world-famous music stars will return to TikTok following a resolution of a bitter dispute that had existed between their music companies and the social media application.
TikTok was forced to remove all songs by…
Uniqlo’s £15 banana bag, which went viral among Gen Z, drives sales up after it goes viral
Uniqlo has seen a surge in sales after a "banana bag" that became viral on TikTok.
Newly filed accounts show that sales for the Japanese Fashion Retailer's UK and European businesses increased by 36pc, to more than €1.3bn. (£1.1bn), in…
Telegraph’s financial stability is threatened by the Barclay Family
It can be revealed that The Telegraph could be in financial trouble if the Barclay Family regained control after the failed takeover supported by the United Arab Emirates.
The family's possible comeback could restrict the company's…
Reddit, the social media site, soars by 48% at its New York IPO
Reddit shares soared by nearly half in their debut on the market, a vote for confidence in initial public offerings following two years of subdued activities.
Stocks closed Thursday under the ticker RDDT at $50.44, up 48% from the IPO…
US House passes bill banning TikTok
The US House of Representatives voted unanimously to approve a law that would prohibit app stores from selling TikTok, if the Chinese owner did not divest its ownership of video-sharing platform.
Republicans and Democrats voted 352-65 to…
Publishers warn tech giants not to use their books as AI sources
The biggest British publishing houses have warned dozens of tech companies that they will need to pay to use the content in books, journals, and papers for their artificial intelligence models.
The Publishers Association expressed "deep…
OpenAI responds to Elon Musk’s lawsuit with troves of emails
OpenAI has responded to a lawsuit filed by Elon Musk. The suit claims that Musk walked away after failing to gain control of ChatGPT.
The artificial intelligence company has published emails that show the billionaire endorsed the…
Musk wants to increase Tesla’s stake in the company for it to become a leader in AI
Elon Musk wants more control over Tesla, as it pushes the company into advanced technologies beyond car manufacturing.
In a tweet on his platform Twitter/X he wrote, "I'm uncomfortable growing Tesla into a leader in AI and robotics…
US regulators’ shock move on Bitcoin
US Securities regulator approved the first exchange traded funds that track bitcoin last night, a momentous event for the crypto industry and the world's biggest cryptocurrency.
The Securities and Exchange Commission has approved…
Since Musk’s purchase and renaming of Twitter, the value of X has dropped 71%.
According to Fidelity Mutual Fund, the social media platform X lost 71% of its worth since it was purchased by Elon Musk.
Fidelity has marked down its share value by 71.5%, according to a disclosure obtained from Axios.
Musk purchased…
IBM pulls ads from X following report that they were next to Nazi content
IBM announced that it had pulled its global advertising campaign from Elon Musk’s X after a report revealed that the social media platform was running the tech company’s ads alongside pro-Nazi materials. This is a new blow to the company’s…