Technology

FTC votes to block Microsoft’s $69B Activision acquisition

The Federal Trade Commission has sued to block Microsoft’s $69 billion deal to buy Activision Blizzard, claiming that the mega-deal would stifle competition in the lucrative video-game industry, sources told The Post. The aggressive clampdown under FTC Chair Lina Khan — a 33-year-old legal prodigy who has vowed to crack …

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Elon Musk could move Twitter HQ out of San Francisco

Twitter boss Elon Musk could potentially move the company headquarters out of San Francisco after the city launched an investigation into reports that part of its corporate offices were converted into makeshift sleeping quarters for overworked employees. Musk publicly chafed at the decision by San Francisco’s Department of Building Inspection …

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Tesla investors frustrated with Elon Musk over Twitter chaos

Tesla investors are growing frustrated as Elon Musk devotes more of his time and energy toward his overhaul at Twitter, even as the electric vehicle firm’s stock prices tanks. Tesla’s stock has fallen nearly 60% this year as Musk’s Twitter takeover prompted months of legal drama, political fallout and social …

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FTX’s Sam Bankman-Fried faces probe over Luna cryptocurrency crash

The feds are reportedly investigating whether beleaguered FTX founder Sam Bankman-Fried manipulated the market for two cryptocurrencies that crumbled earlier this year – eventually resulting in the downfall of his own company. Prosecutors are examining whether Bankman-Fried engaged in illicit trading activity to drive down the prices of TerraUSD and …

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Sam Bankman-Fried wanted to sponsor Taylor Swift tour for $100M

Disgraced FTX founder Sam Bankman-Fried came close to clinching a $100 million deal with Taylor Swift to sponsor her upcoming concert tour, according to a report. Bankman-Fried’s cryptocurrency exchange was in the final stages of negotiations with Swift’s team about a ticketing arrangement that involved digital certificates, or NFTs, according …

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