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Business

Twitter is down to fewer than 550 full-time engineers

Pedestrians outside Twitter headquarters in San Francisco on Oct. 6, 2022. David Paul | Bloomberg | Getty Images Twitter’s full-time headcount has dwindled to approximately 1,300 active, working employees, including fewer than 550 full-time engineers by title, according to internal records viewed by CNBC. Around 75 of the company’s 1,300 employees are on leave including […]

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Twitter is auctioning off espresso machines and kegerators from

Elon Musk Twitter page seen on mobile with his poll to step down as head of Twitter Jonathan Raa | Nurphoto | Getty Images   Twitter is auctioning off espresso machines, kegerators, computers, and even oversized neon displays with the company’s logo as the social messaging service reportedly has fallen behind on office rent payments. […]

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Tesla made headlines in 2022, but the top-performing auto stock

The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. It was about which stock managed to escape the worst of the year’s selling pressure. After significant growth in auto stocks in 2021, […]

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Stocks making the biggest moves premarket: Tesla, Nutanix, Meta

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Musk has sold about $39 billion in stock over the past year, amid his $44 billion deal to buy Twitter. Tesla gained 1.2% in […]

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Business

Elon Musk actively searching for a new Twitter CEO, sources say

Elon Musk Twitter page seen on mobile with his poll to step down as head of Twitter Yui Mok  | Pa Images | Getty Images Twitter owner and CEO Elon Musk is searching for a new chief executive of the company, sources told CNBC’s David Faber. Musk, who acquired the company for $44 billion in […]

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Elon Musk tries to explain why Tesla shares are tanking

Shares in electric vehicle maker Tesla sank to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day in an otherwise mixed day for stocks. CEO Elon Musk tried to blame the sinking price partly on macroeconomic factors. related investing news Long-time Tesla bull Ross Gerber wrote in […]

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Stocks making the biggest moves premarket: Aerojet Rocketdyne,

Check out the companies making headlines before the bell: Aerojet Rocketdyne (AJRD) – Aerojet Rocketdyne agreed to be bought by rival defense contractor L3Harris Technologies (LHX) for $4.7 billion, or $58 per share in cash. Aerojet Rocketdyne rose 2% in the premarket, while L3Harris fell 1.7%. Tesla (TSLA) – Tesla shares jumped 3.4% in the […]

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Sen. Warren warns Tesla board that Musk may have failed to meet

Sen. Elizabeth Warren (D-MA) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Sen. Elizabeth Warren, D-Mass., wrote to the chair of Tesla’s […]

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Elon Musk, in Twitter poll, asks if he should step down as

On Sunday, Twitter’s new owner and CEO Elon Musk posted an informal poll of users of the social media platform asking if he should step down as head of the company. By 2:50 a.m. ET 14.5 million votes had been cast, with the majority of respondents (57%) calling for the billionaire to remain in his post. Musk […]

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Why Europe’s efforts to open up the iPhone won’t hurt Apple too

When reporters or analysts ask Apple CEO Tim Cook about a thorny, controversial overseas issue facing the iPhone maker, he often says that Apple follows the law in every country where it operates. Now, Apple is reportedly working to follow a law that could force major changes to the iPhone and disrupt Apple’s lucrative app […]