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Google (GOOGL.O) had asked for summary judgment on all the government's claims in the case, which is to go to trial next month. Google said Friday it appreciated the court's "careful consideration and decision to dismiss claims regarding the design of Google Search" in the case brought by the state attorneys general. Connecticut Attorney General William Tong praised the decision to allow the states Google search antitrust suit to proceed to trial. Mehta noted Google LLC operates the largest U.S. internet general search engine whose "brand name has become so ubiquitous that dictionaries recognize it as a verb." He noted Google in 2020 had nearly 90% market share and advertisers spend over $80 billion annually alone to reach general search users.

Persons: Gonzalo Fuentes, Judge Amit Mehta, Google's, Mehta, William Tong, Tong, Trump, Judge Mehta, Diane Bartz, David Shepardson, Mark Porter, Diane Craft Organizations: Google, Viva Technology, Porte de, REUTERS, Justice Department, Big Tech, Microsoft Corp, Apple, LG, Motorola, Samsung, Verizon, Mozilla, Justice, Department, Thomson Locations: Porte, Paris, France, WASHINGTON, U.S, Washington, Connecticut, Virginia

And Amazon failed to ensure that injured employees received adequate treatment, the agency said. Separately on Thursday, a worker advocacy group said it had filed a complaint with OSHA on behalf of employees at an Amazon warehouse near St. Louis, Missouri. They claim the online retailer imposes excessive, unsafe work rates and that they were mistreated by Amazon's in-house medical staff. The company has said that it invests millions of dollars in worker safety and has cooperated with OSHA's nationwide investigation. Critics of Amazon have long accused the company of putting profit over safety by requiring employees to work at an unsafe pace and forgo breaks to meet demanding quotas.

Persons: Gonzalo Fuentes, Amazon's, unionize, Daniel Wiessner Organizations: Viva Technology, Porte de, REUTERS, Inc, U.S . Department, Safety, Health Administration, OSHA, Amazon, Thomson Locations: Porte, Paris, France, U.S, Logan Township , New Jersey, St, Louis , Missouri, New York City, Albany , New York

☆ Amazon's online advertising unit just brought in over $10 billion in the second quarter
▼ + stars: | 2023-08-03 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +1 min

Amazon's online advertising business is getting bigger as the slumping digital ad market shows signs of improvement. Amazon's overall sales grew 11% year-over-year to $134.4 billion in the second quarter. Analysts polled by StreetAccount projected Amazon's advertising business to bring in $10.4 billion in sales for the second quarter. Amazon's online advertising businesses has developed into a lucrative business for the online retailer, representing about 7.3% of the worldwide digital ad market, according to Insider Intelligence. Over the past year, Amazon's advertising business has been growing while Meta's core digital ad business has been shrinking.

Persons: Porte, StreetAccount Organizations: Porte de, Intelligence, Facebook Locations: Paris

☆ Exclusive: Amazon has drawn thousands to try its AI service competing with Microsoft, Google
▼ + stars: | 2023-07-26 | by ( Jeffrey Dastin | Thomson Reuters | Jeffrey Dastin Is A Correspondent For Reuters Based In San Francisco | ) www.reuters.com time to read: +3 min

REUTERS/Gonzalo Fuentes/File PhotoJuly 26 (Reuters) - Amazon.com’s (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft (MSFT.O) and Google (GOOGL.O) in a key area of artificial intelligence, an executive told Reuters. "Our mission is to make every company an AI company," said Sivasubramanian, in an interview pegged to a summit the cloud provider hosted in New York. Amazon Bedrock is the company's answer to services announced by Google and Microsoft, cloud rivals that have developed or marketed AI garnering significant public attention. Microsoft has invested in OpenAI, the startup that created ChatGPT and the AI model known as GPT-4. The cloud provider announced Agents for Amazon Bedrock, which lets businesses create chatbots that execute tasks and give more personalized answers drawing from their proprietary data.

Persons: Gonzalo Fuentes, Swami Sivasubramanian, Sivasubramanian, Jeffrey Dastin, Stephen Nellis, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, Microsoft, Google, Reuters, Sony, Ryanair, Sun, Thomson Locations: Porte, Paris, France, New York, OpenAI, Silicon

For Nissan, that means contending with an increasingly grim outlook for foreign automakers in China, the world's biggest car market. AMPERE INVESTMENTNissan said it would invest up to 600 million euros ($663 million) in Renault's electric vehicle unit, Ampere. Renault, meanwhile, will lower its stake in Nissan to 15% from around 43%, putting their relationship on equal footing. The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said. Nissan had flagged in February that it would invest a maximum 15% in Ampere, but the exact size of its stake remained unclear.

Persons: Gonzalo Fuentes, Makoto Uchida, AlixPartners, Nissan, Ampere, Gilles Guillame, Daniel Leussink, David Dolan, Miral Organizations: Renault, Viva Technology, Porte de, REUTERS, Investment, Nissan, Reuters, North America, Dongfeng Motor Group, Ampere, Qualcomm, Mitsubishi Motors, Thomson Locations: Porte, Paris, France, TOKYO, PARIS, Renault's, China, Japan, North, U.S

☆ Amazon offers concessions to UK antitrust watchdog as part of probe into its marketplace practices
▼ + stars: | 2023-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Amazon on Wednesday offered commitments to the U.K. Competition and Markets Authority after Britain's competition watchdog raised concerns about the U.S. e-commerce giant's treatment of third-party sellers. One of those commitments proposes to ensure Amazon does not use rival sellers' marketplace data to gain an unfair advantage over other sellers. Amazon's commitments also proposed to guarantee all product offers are treated equally when the company decides which ones will be featured in the "Buy Box." Amazon's marketplace practices were also concerning to European Union regulators that were probing similar issues to the U.K. since 2019. In December, Amazon offered similar commitments to the European Commission, the EU's executive arm, to address its concerns.

Persons: Porte, Amazon, Ann Pope Organizations: Porte de, Amazon, U.K, Competition, Markets, CMA, Union, European Commission, Politico, Federal Trade Commission Locations: Paris, U.S

☆ Snap shares plunge more than 16% on weak forecast
▼ + stars: | 2023-07-25 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +4 min

Here's how the company did:Loss per share : 2 cent loss vs. 4 cent loss expected by analysts, according to Refinitiv. : $1.07 billion vs. $1.05 billion expected, according to Refinitiv. Global Daily Active Users (DAUs) : 397 million vs. 394.9 million expected, according to StreetAccount. : 397 million vs. 394.9 million expected, according to StreetAccount. Last quarter, Snap did not provide official guidance for the second quarter, instead disclosing an "internal forecast" for revenue estimates in the time period.

Persons: Evan Spiegel, Porte, William Blair, Susan Li Organizations: Snap Inc, Viva Technology, Porte de, Analysts, Meta Locations: Paris, France, Refinitiv

☆ Twitter rebrands to 'X' as Elon Musk loses iconic bird logo
▼ + stars: | 2023-07-24 | by ( Chantal Da Silva | ) www.cnbc.com time to read: +2 min

Twitter has officially rebranded to "X" after owner Elon Musk changed its iconic bird logo on Monday, marking the latest major shift since his takeover of the social media platform. Twitter's world-renowned bird logo was transformed into an X, however. Asked if the logo would change in a Twitter Spaces audio chat, he said "yes," telling an unknown speaker: "We're cutting the Twitter logo off the building with blow torches." The shift from bird imagery to an "X" is the latest sweeping change since Musk bought Twitter for $44 billion last year. The latest changes come as the social media giant continues to face competition from Meta's new app, Threads, which launched earlier this month.

Persons: Elon Musk, Porte, Musk, adieu Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Sunday, Musk, PayPal, Help Locations: Paris, France

☆ Jane Birkin Gave Women Over 40 Permission to Be Themselves
▼ + stars: | 2023-07-22 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

Following the death of Jane Birkin on Sunday at age 76, Instagram was flooded with photos of the Brit-in-Paris singer in her photogenic 1960s and 1970s youth. She was a style icon everyone could agree on, be they designers such as Saint Laurent’s Anthony Vaccarello and Simon Porte Jacquemus to French President Emmanuel Macron . In numerous tributes, we were reminded of her risqué, girlish fashion moments: the lacy dress worn backward, the completely sheer gowns, the denim mini shorts and the straw basket she used as a handbag.

Persons: Jane Birkin, Saint Laurent’s Anthony Vaccarello, Simon Porte Jacquemus, Emmanuel Macron, lacy Organizations: Brit Locations: Paris

The U.S. Justice Department and Federal Trade Commission (FTC) have mounted an unprecedented number of legal challenges to mergers since Biden came to office in 2021. The Justice Department lost a merger in the insurance industry but won an effort to stop a book publisher merger. Deal advisers said companies had already braced for a tough antitrust regime under Biden and some had been emboldened by the regulators' recent court losses. "The (regulators' guidelines) do provide more transparency but that transparency also reveals some concerns that they are quite hostile to consolidation. The new antitrust guidelines also reflect the White House's focus on labor issues.

Persons: Gonzalo Fuentes, Joe Biden's, Biden, Department's, Kenneth Schwartz, Flom, Fiona Schaeffer, Milbank, Elizabeth Warren, Warren, Diane Bartz, Richard Chang, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, U.S . Justice Department, Federal Trade Commission, Microsoft, Activision Blizzard Inc, FTC, Meta, Justice Department, JetBlue Airways, Spirit Airlines Inc, Amazon.com, Amazon, Flom LLP, Global, LSEG, Intelligence, Democrat, Congress, Thomson Locations: Porte, Paris, France, WASHINGTON, Skadden, Slate

☆ U.S. antitrust enforcers tackle digital platforms in new merger guidelines
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes/WASHINGTON, July 19 (Reuters) - New draft guidelines released by U.S. antitrust enforcers on Wednesday lay the groundwork for tougher scrutiny of planned mergers by Big Tech companies like Amazon.com (AMZN.O) and Alphabet's Google (GOOGL.O). The Biden administration has taken a tougher stance on mergers, filing some aggressive challenges. The Biden administration's antitrust enforcement has highlighted labor issues, and the guidelines reflect that. The guidelines reflect how the FTC and Justice Department currently enforce laws against illegal mergers, which would replace guidelines from 2010 on companies buying competitors and 2020 guidelines on companies merging with suppliers. President Joe Biden urged that the guidelines be updated in a mid-2021 executive order.

Persons: Gonzalo Fuentes, Biden, Department's, Joe Biden, Diane Bartz, Richard Chang Organizations: Viva Technology, Porte de, REUTERS, Big Tech, Google, Justice Department, Federal Trade Commission, Biden, Thomson Locations: Porte, Paris, France, WASHINGTON

☆ Tesla shares dip after hours as earnings call disappoints
▼ + stars: | 2023-07-19 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

related investing news UBS downgrades Tesla, says recent rally fully accounts for demand boost Here's how the company did versus expectations: Revenue: $24.93 billion, versus $24.47 billion expected according to Refinitiv. $24.93 billion, versus $24.47 billion expected according to Refinitiv. Alain Jocard | Afp | Getty ImagesBy way of comparison, during the first quarter of 2023, Tesla reported net income of $2.51 billion on revenue of $23.33 billion. During the second quarter last year, Tesla reported net income of $2.27 billion on $16.93 billion in revenue. Early this month, Tesla reported 466,140 total vehicle deliveries for the second quarter and said it had produced 479,700 electric vehicles.

Persons: Elon Musk, execs, UBS downgrades Tesla, Porte, Alain Jocard, Tesla, Musk, we've Organizations: UBS, SpaceX, Twitter, Porte de, Afp, Getty, Wall Locations: Paris

☆ Twitter laid off most of its workers in Africa last year. They say they've been ignored and left without severance
▼ + stars: | 2023-07-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Former Twitter employees in Ghana, who were laid off in November, have been left without severance pay and have not heard from the company for three months, sources told CNBC. As part of new owner Elon Musk's cost-cutting efforts, Twitter fired nearly all of the staff at its only office in Africa. Under Ghanaian employment law, staff must be paid redundancy and should be granted three months' notice before they are made redundant. Twitter's workers in the capital Accra were given less than a month, according to the sources. "Twitter has dealt with us in bad faith since we were laid off in November 2022.

Persons: Elon Musk, Porte, Elon Musk's, Musk Organizations: SpaceX, Tesla, Viva Technology, Porte de, Twitter, CNBC, Labour Office Locations: Paris, France, Ghana, Africa, Accra

☆ Top Wall Street analysts are bullish on these five stocks
▼ + stars: | 2023-07-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Benoit Tessier | ReutersCava GroupFirst on this week's list is the Mediterranean restaurant chain Cava (CAVA), which made a blockbuster public debut last month. The rally in CAVA shares since its initial public offering reflects investors' optimism about the fast-casual restaurant chain's growth prospects. Stifel analyst Chris O'Cull initiated a buy rating on Cava with a price target of $48. The analyst estimates annual revenue growth of 20% during the next four years, driven by at least 15% growth in Cava's footprint. The survey revealed that Services' average revenue per user (ARPU) in the U.S. is $110, which is much higher than Daryanani's global estimate of $81.

Persons: Benoit Tessier, Chris O'Cull, O'Cull, TipRanks, Amit Daryanani, Daryanani, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Hari Organizations: Meta, Inc, Viva Technology, Porte de, Reuters, Cava, Apple, Apple Services, Services, Tigress Financial, TipRanks, Nvidia Semiconductor, Nvidia, US Locations: Porte, Paris, France, Cava, CAVA, U.S, Midwest

"Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in response to a tweet. Musk took over Twitter in October of last year in a deal valued at around $44 billion, including about $13 billion in debt. He also claimed at that time that the company was "roughly breakeven," and expected to become cash flow positive within the next quarter. A number of widely followed accounts on Twitter posted that they were dismayed they did not qualify to earn income from the program yet. It's not clear how much Twitter paid creators in total in this first round of payments.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Musk, Linda Yaccarino, Comcast's NBCUniversal, NBCUniversal, Twitter, Andrew Tate —, Tate, influencers, Omar Qazi, Sawyer Merritt, Brian, Ed Krassenstein Organizations: SpaceX, Twitter, Porte de, Getty, BBC, CNBC, Internet Hall of Fame, of, X Corp Locations: Paris, AFP, Romania

☆ Musk discusses his new company xAI, 'superintelligence,' and China
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +7 min

The event was billed as a conversation about the future of AI and came on a day that Musk launched his own new AI company, xAI. "I think a maximally curious AI, one that is just trying to sort of understand the universe is, I think, going to be pro-humanity," Musk said. He said the idea that a "digital superintelligence" could supplant the Chinese Communist Party itself seemed to resonate. Musk even said he believes the Chinese government would be open to collaborating on an international framework around AI regulation. Musk acknowledged he has "some vested interest in China" but ultimately believes "China is underrated" and that "the people of China are really awesome."

Persons: Elon Musk, Porte, Musk, Ro Khanna, Mike Gallagher, Gallagher, Xi Jinping, China's, Janet Yellen, John Kerry, he's Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Chesnot, U.S, House Armed Services Committee, Chinese Communist Party, xAI, Motion, Communist Party, CCP, optimist, Netflix, CNBC, YouTube Locations: Paris, France, China, Taiwan, United States, West

☆ Elon Musk's Twitter files data-scraping lawsuit against unknown defendants
▼ + stars: | 2023-07-13 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Elon Musk's X Corp., the parent company of Twitter, filed a lawsuit against four unknown entities last week over data scraping on Twitter. Data scraping is when automated programs scour publicly accessible websites to collect data, which can later be used for a wide range of purposes, including training artificial intelligence large language models, targeting online advertisements and much more. The ruling reaffirmed the appeals court's decision, finding that scraping public data does not violate the Computer Fraud and Abuse Act. "Corp. has also limited access to Tweets for users who are not signed in to registered Twitter account." "By unlawfully scaping data, Defendants flagrantly ignore not only Corp.'s Terms of Service, but also the privacy preferences of Twitter users," the filing stated.

Persons: Elon Musk, Porte, Elon, — CNBC's Lora Kolodny Organizations: Twitter, Viva Technology, Porte de, Elon Musk's X Corp, X Corp, U.S, Ninth Circuit, LinkedIn, Corp, " Corp Locations: Paris, Texas, Dallas County , Texas, U.S

☆ Twitter says FTC probe 'has spiraled out of control' and asks to terminate privacy settlement
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

The 2011 agreement originally resolved charges that the platform failed to adequately safeguard its users' information. Twitter is asking the court to determine whether the 2011 FTC order "is equitable in light of the FTC's conduct," according to the filing. As a result, the "misfit consent order ... no longer can serve any proper equitable purpose." Our revised consent order gives us new tools to ensure compliance, and we are prepared to use them." WATCH: Elon Musk polls Twitter users over whether he should remain as CEO

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Twitter, it's, overreach, Mr, Musk, Elon Organizations: SpaceX, Twitter, Porte de, Getty, Federal Trade Commission, FTC, X Corp, Department of Justice, CNBC, YouTube Locations: Paris, AFP

☆ NHTSA presses Tesla for more records in Autopilot safety probe
▼ + stars: | 2023-07-06 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Tesla must send extensive new records to the National Highway Traffic and Safety Administration as part of an Autopilot safety probe — or else face steep fines. The agency initiated an investigation into Autopilot safety in 2021 after it identified a string of crashes in which Tesla vehicles using Autopilot had collided with stationary first responders' vehicles and road work vehicles. Instead, Tesla vehicles require a driver behind the wheel, ready to steer or brake at any time. The company's FSD Beta consists of driver assistance features that have been tested internally but have not been fully debugged. Tesla uses its customers as software and vehicle safety testers via the FSD Beta program, rather than relying on professional safety drivers, as is the industry standard.

Persons: Elon Musk, Porte, Tesla, Ronald Belt, Lars Moravy Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, National, Safety Administration, Beta, Cruise, FSD Beta, NHTSA Locations: Paris, France, U.S

☆ Twitter accuses Meta of stealing trade secrets for its new Threads app
▼ + stars: | 2023-07-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twitter's lawyer wrote a letter to Facebook parent Meta on Wednesday, accusing the company of "systematic" and "unlawful misappropriation" of trade secrets following the launch of its Threads service. The letter from longtime Elon Musk attorney Alex Spiro alleged that Meta's new Twitter clone was built by former Twitter employees "deliberately assigned" to develop a "copycat" app. Spiro offered no concrete examples of Twitter employees using trade secrets to build the app, which notched millions of users within hours of its launch. "No one on the Threads engineering team is a former Twitter employee," Andy Stone, Meta communications director, posted on Threads. Spiro said Meta is "expressly prohibited" from crawling or scraping Twitter's follower data, without providing evidence that Meta has engaged in that activity.

Persons: Elon Musk, Porte, Twitter's, Alex Spiro, Semafor, Spiro, —, Andy Stone, That's, Musk, Meta, Linda Yaccarino Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de Locations: Paris, France

The executive, who was expected to make a visit this month, walked through the WF Central mall in Beijing, China on Tuesday, photos circulating on social media showed. The photos showed Arnault with his daughter, Dior CEO Delphine Arnault, and son Jean Arnault, who works for Louis Vuitton, as well as Dior's China president Monika Figlewicz. Other Beijing residents, posting on social media site Xiaohongshu, reported seeing Arnault at luxury department store SKP. LVMH, which owns labels ranging from Hennessy cognac to fashion houses Dior and Louis Vuitton, declined to comment. "The Chinese are very important clients," Louis Vuitton CEO Pietro Beccari told Reuters in an interview last week.

Persons: Bernard Arnault, LVMH Moet Hennessy Louis Vuitton, Gonzalo, Read, Dior, Delphine Arnault, Jean Arnault, Louis Vuitton, Monika Figlewicz, Hennessy, Pietro Beccari, Pharrell Williams, Casey Hall, Brenda Goh, Mimosa Spencer, Conor Humphries Organizations: Viva Technology, Porte de, REUTERS, WF, Reuters, Tiffany, Thomson Locations: Porte, Paris, France, SHANGHAI, PARIS, China, Beijing, China . China

☆ Musk picks Vegas for Zuckerberg 'cage match' challenge
▼ + stars: | 2023-06-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

(Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)Twitter owner and Tesla CEO Elon Musk suggested Vegas for the location of a "cage match" after reportedly being challenged to a fight by Facebook co-founder Mark Zuckerberg. Another user cautioned Musk saying, "Better be careful @elonmusk I heard he does the ju jitsu now." Zuckerberg reportedly has a white belt in Brazilian jiu-jitsu. That sparked a comment from Musk that suggested he is up for a fight with the Zuckerberg. The Verge tech publication confirmed that Zuckerberg is "serious about fighting Elon Musk and is now waiting on the details" if Musk decides to follow through.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Mark Zuckerberg, Musk, Zuckerberg, Mario Nawfal, Dave Camarillo Organizations: SpaceX, Twitter, Porte de, Getty, Facebook, UFC, Blockchain Consulting, Meta, Guerilla Jiu Jitsu, CNBC Locations: Paris, AFP, Vegas

In recent days, Twitter owner Musk and Facebook parent Meta (META.O) CEO Zuckerberg - whose social media platforms duke it out daily for advertising dollars - have been trading bluster about going mano a mano. The brouhaha began Tuesday when Musk tweeted he was "up for a cage match" with Zuckerberg, who's trained in jiujitsu. “Vegas Octagon,” Musk tweeted, referring to an events center where mixed martial arts (MMA) championship bouts are held. Musk in recent months has stepped up criticism of Zuckerberg and his companies, and has mocked reported plans by Meta for a platform to rival Twitter. SportsBetting.ag gives better odds for Zuckerberg, who is 12 years younger than Musk.

Persons: Elon Musk, Mark Zuckerberg, Musk, Zuckerberg, mano, who's, he's, ” Musk, Porte, Gonzalo Fuentes, Vegas . SportsBetting.ag, Owain Flanders, Flanders, Hyunjoo Jin, Greg Bensinger, David Gaffen, Jonathan Oatis Organizations: FRANCISCO, Facebook, Twitter, Elon, SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Meta, Thomson Locations: Manila, Las Vegas, Paris, France, Vegas .

☆ 'I am a fan of Modi': Elon Musk on his friendship with Indian Prime Minister Modi
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

CEO of SpaceX and Tesla, and owner of Twitter, Elon Musk, at the Viva Technology conference at the Porte de Versailles exhibition center on June 16, 2023 in Paris, France. Tesla CEO Elon Musk says he is "incredibly excited about the future of India," adding that it has "more promise than any large country in the world." "I am a fan of Modi," Musk admitted Tuesday in a video interview published on Prime Minister Narendra Modi's official YouTube page. Modi and Musk last met in 2015 when the Indian prime minister visited Tesla's Fremont Factory in California. The Indian prime minister is on his first state visit to the U.S., where he's expected to hold high-level talks with leaders and business executives on defense, technology and India's role in the Indo-Pacific.

Persons: Elon Musk, Porte, Modi, Musk, Narendra Modi's Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Tesla's Fremont Locations: Paris, France, India, New York, Tesla's, California, U.S

☆ Exclusive: Twitter to focus on video, commerce in business revamp
▼ + stars: | 2023-06-16 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

REUTERS/Gonzalo FuentesJune 16 (Reuters) - Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters. After Musk acquired Twitter in October, many advertisers fled the platform, wary that their promotions could appear alongside inappropriate content after the company laid off thousands of employees and cut costs dramatically. Musk's hiring of Yaccarino, a longtime advertising executive who previously led ad sales at NBCUniversal, was seen as a signal that digital ads remained a priority for Twitter. A Twitter executive declined to comment. Reporting by Sheila Dang in Dallas; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Linda Yaccarino, Musk, Sheila Dang, Jonathan Oatis Organizations: Elon, SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Reuters, Twitter, Warner Bros, Walmart, Yaccarino, Thomson Locations: Paris, France, McDonald's, Dallas

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