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‘It’s war’: Elon Musk’s X sues companies for not advertising on its platform | Business News
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Elon Musk’s X has launched legal action against a string of companies after they stopped advertising on the social network. The tech giant, formerly known as Twitter, alleges the firms unlawfully conspired to boycott the site and caused it to lose “billions of dollars” in revenue. The lawsuit was filed in Texas against the World…
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Who is Linda Yaccarino? The new Twitter chief executive with deep ties in the advertising industry | Science & Tech News
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In a few short weeks, Elon Musk will hand over the helm of Twitter to Linda Yaccarino. But who exactly is the new chief executive, and how does she fit into Musk’s vision of “the everything app”? Musk, who brought Twitter in October and has been running it since, has long insisted that he would…
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Largest US automaker temporarily halts paid advertising on Twitter after Elon Musk’s takeover | Science & Tech News
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The largest automaker in the US has pulled paid advertising on Twitter after Elon Musk completed his takeover of the social media company. Musk’s $44bn (£38bn) deal to buy Twitter completed on Thursday and he reportedly sacked the company’s chief executive and two other top bosses. The world’s richest man tweeted “the bird is freed”…
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Facebook owner Meta reports first ever revenue drop amid lower advertising sales and competition from TikTok | Business News
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Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported revenue of $28.8bn in the three months to June, down almost 1% from $29.08bn the previous year. The figure was lower than the $28.9bn expected by Wall Street, sending Meta shares…