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TikTok Gets Tougher in Performance Reviews, and Employees Are Spooked
Oct. 29, 2023 11:36 am ET SINGAPORE—TikTok is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs, people familiar with the matter said. In mid-October, managers were told by senior management and staff in human resources that they needed …
Elon Musk Says Twitter Deal On Hold Until More Clarity on Fake Accounts
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Elon Musk Makes $43 Billion Bid for Twitter, Says ‘Civilization’ At Stake
A week into his rolling clash with Twitter Inc., Elon Musk went full-on corporate raider, offering to buy the company and warning he might sell his stake in the service if rebuffed. The Tesla Inc. chief on Thursday morning made a $43 billion bid for Twitter, the latest in a will-he-or-won’t-he saga between the world’s …
Tesla Stock Drops After Elon Musk Offers to Buy Twitter. This Is Why.
Text size Elon Musk, CEO of Tesla. Suzanne Cordeiro/AFP via Getty Images Tesla CEO Elon Musk offered to buy the social- media platform Twitter on Thursday, sending shares of the car maker lower. Investors might be worried about distraction for Musk as Tesla (ticker: TSLA) ramps up production at new plants, but there are other …
Tech Giants Face New Rules in Europe, Backed by Huge Fines
European officials want new powers to oversee internal workings at large technology companies such as Facebook Inc., FB -0.56% backed by threats of multibillion-dollar fines, as they seek to expand their role as global tech enforcers. The European Union’s executive arm proposed two bills Tuesday—one focused on illegal content, the other on anticompetitive behavior—that would …
‘Too Complex to Break Up’ Is the New ‘Too Big to Fail’
Days before, Facebook Inc. produced its own document contending that breaking it up would be a “nonstarter” for a number of reasons, including that the company’s constituent parts are already too complicated and interconnected for any of them—Instagram, WhatsApp, its ad business—to be spun off as individual companies or walled off as separate divisions. “After …
House Panel Says Big Tech Wields Monopoly Power
WASHINGTON—America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. Republicans issued a separate response endorsing strong antitrust enforcement targeting the companies but didn’t endorse …
Twitter, TikTok Have Held Preliminary Talks About Possible Combination
Twitter Inc. has had preliminary talks about a potential combination with TikTok, the popular video-sharing app that the Trump administration has declared a national-security threat due to its Chinese ownership, according to people familiar with the matter. It is unclear whether Twitter will pursue a deal with TikTok, which would face significant challenges. A deal …
States to Launch Google, Facebook Antitrust Probes
WASHINGTON—State attorneys general are formally launching separate antitrust probes into Facebook Inc. and Alphabet Inc.’s Google unit starting next week, according to people familiar with the matter, putting added pressure on tech giants already under federal scrutiny. The Google probe is expected to be announced at a news conference outside the U.S. Supreme Court on …
FTC Approves Roughly $5 Billion Facebook Settlement
The Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook Inc. over a long-running probe into the tech giant’s privacy missteps, according to people familiar with the matter. The 3-2 vote by FTC commissioners broke along party lines, with the Republican majority lining up to support the pact while …
