Business

Elon Musk subpoenas former Twitter chief Jack Dorsey

Elon Musk has served former Twitter boss Jack Dorsey with a subpoena in a hunt for material to help him get out of buying the giant social media platform for $44 billion as agreed.

Business

Chipmakers' pandemic boom turns to bust as recession looms

Even in an industry famous for its rollercoaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade ...

Business

Alibaba and Tencent stocks plunge after latest fines

Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with anti-monopoly rules.

Business

Tracking crypto pump-and-dump operations on social media

The practice is unethical, yet not illegal per the SEC. Cryptocurrency scammers have found a way to make a quick profit through social media platforms like Twitter and Telegram, using the pump and dump method. In short: they ...

Business

No slump for pump and dump cryptocurrency gangs

In a sleepy corner of the crypto-economy, the value of an obscure coin called Enzyme was tumbling downwards along with its peers earlier this month—but then something unusual happened on May 15.

Business

India slashes size of biggest IPO

India has slashed the size of an initial public offering by insurance giant LIC but the share issue will still be the country's largest to date, with a targeted windfall of $2.7 billion, regulatory filings showed Wednesday.

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