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☆ Indians revel in Rishi Sunak’s rise to the U.K.’s top job
▼ + stars: | 2022-10-25 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +4 min

Narendra Modi, the prime minister of majority Hindu India, quickly congratulated Sunak. “Special Diwali wishes to the ‘living bridge’ of UK Indians, as we transform our historic ties into a modern partnership,” he tweeted. “The reaction is of admiration, aspiration that they could get to a similar position and happiness that one of their own has got the position,” Dogra said of the worldwide reaction among Hindus. Pedestrians walk past paintings of Britain's Prime Minister Rishi Sunak in Mumbai on Tuesday. Sunak visited different temples in London and was seen participating in a cow ritual during his losing campaign for prime minister against Liz Truss in August.

☆ Meta and Google are snapping up Twitter employees as Elon Musk plays a game of will-he-won't-he with the company
▼ + stars: | 2022-10-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Over 500 employees have left Twitter in the past 90 days amid the company's court battle with Elon Musk. Over the past 90 days about 530 workers have left Twitter — about 60% more than had left Twitter during the previous quarter. And nearly 50 more have left the company just this month as the odds of Musk buying the company look increasingly higher. But, Twitter employees have been exiting the company on their own for months. Twitter employees might not be far off in their assessment.

☆ As Elon Musk's Twitter deal prepares to close, insiders expect 'chaos' as he burns the company to the ground and rebuilds it as a 'super app'
▼ + stars: | 2022-10-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

"No one knows who or how this thing is running post-close," one person familiar with the deal said. "No one knows who or how this thing is running post-close," another person familiar with the company and transaction said. "I do not take actions which are disruptive to the health of the company," Musk said during the meeting. Even though Musk likely does need some executives to stay, members of the C-suite have little incentive to do so. To bring so many new features to Twitter, Musk would likely need more than 2,000 people to do it.

Twitter, a social network with hundreds of millions of users, “was over a decade behind industry security standards,” he later testified. His concerns, raised privately at first and later in a whistleblower disclosure that became public, would upend one of the world’s most influential social networks and raise new questions about its pending acquisition by the world’s richest man, Elon Musk. A big part of the issue, Zatko told a Senate panel, was that software and e-commerce companies “want to ignore problems as long as possible. When he was hired to join Twitter, Zatko framed the move in terms of the public good. “This wasn’t my first choice,” he previously told CNN.

☆ Elon Musk claims whistleblower burned 10 notebooks as part of a Twitter order to destroy sensitive information about the company
▼ + stars: | 2022-10-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A whistleblower said he destroyed notebooks and computer files at Twitter's request, per a court filing. Elon Musk requested sanctions against Twitter on October 3, alleging it destroyed evidence. The filing was made public on Monday, but filed the day before Musk made a U-turn on the purchase. Zatko's notes included details from meetings with executives, as well as communications with Twitter CEO Parag Agrawal regarding his concerns over Twitter's security practices, per the court filing. After Zatko's whistleblower complaint became widely reported in August, Musk amended his countersuit against Twitter to include the former security chief's allegations.

New York CNN Business —Spam and fake accounts are more prevalent on Twitter than on comparable social platforms, according to a data analysis firm hired by Elon Musk as part of his legal battle with Twitter. Bots on Twitter have been central to the dispute over Musk’s initial attempt to get out of the acquisition deal. Cyabra’s analysisCyabra first made waves in May, after Musk’s deal was first announced. Using publicly available data, the company claimed at the time that spam and bot accounts represented 13.7% of accounts on Twitter. Brahmy said Cyabra did not work with the other data analysis firms used by Musk’s team, and he declined to discuss whether or how much Cyabra was paid to perform the commissioned analysis.

"It is definitely a business school case study. Musk's attempt to take over Twitter is "a gift to professors and students", said Joshua White, a professor at Vanderbilt University, calling the situation "unprecedented". While the messages reflect his unusual approach to running a business, taking control of Twitter will mean managing it, at least initially. "What is to come is unclear," said Donna Hitscherich, a Columbia Business School professor. Success or failure, it will be an instant business school classroom staple, experts say.

☆ How Elon Musk could change Twitter
▼ + stars: | 2022-10-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

Musk has said Twitter, under his leadership, would have more lenient content moderation policies. But the most striking early change could come from who is and is not allowed on a Musk-owned Twitter. Musk, for his part, has focused on bringing back one of Twitter’s most prominent former users: Trump. “There are exceptions … but generally permanent bans are a failure of ours and don’t work,” he said. The same day he sent his letter to Twitter attempting to revive the deal, Musk was widely panned for comments he made on the platform about Russia’s invasion of Ukraine.

☆ Elon Musk fired Parag Agrawal as CEO after taking over Twitter. Agrawal joins a growing list of executive departures in 2022, including Meta's Sheryl Sandberg and a slew of retail CEOs.
▼ + stars: | 2022-10-01 | by ( Samantha Delouya | ) www.businessinsider.com time to read: 1 min

In February, John Foley, Peloton's co-founder, announced that he would step down as CEO. He was at the helm during the company's pandemic-fueled rise and its subsequent sharp drop in demand. Barry McCarthy, who was once CFO of both Spotify and Netflix, took over the top spot. Peloton co-founder John Foley Mark Lennihan/AP

☆ Elon Musk's trove of private text messages is a bad look for him — and another win for Twitter, experts say
▼ + stars: | 2022-09-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Hundreds of Elon Musk's texts could work against him in his court battle with Twitter, experts say. The messages appear to show Musk was aware of issues with bots ahead of offering to buy the company. The hundreds of texts between Musk and some of Silicon Valley's most powerful players offer fresh insight into Musk's plans for Twitter. But Musk's private texts appear to tell a story that is "in tension with his lead argument," Schettenhelm told Insider. "Purging fake users will make the numbers look terrible, so restructuring should be done as a private company," he texted Taylor, according to the cache of documents released Thursday.

☆ Everything you'll need to know about Amazon's second Prime Day
▼ + stars: | 2022-09-27 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

That's right: Amazon has confirmed it's hosting another Prime Day-esque event, slated to take place next month. It's official: Amazon is hosting a second "Prime Day" sales event. Here's what we know so far:The "Prime Early Access Sale," will be held on October 11 and 12. As with Prime Day, the Prime Early Access Sale is exclusively available to Amazon Prime subscribers. But as long as you sign up before the event ends on October 12, you'll be able to partake.

☆ Depositions of Musk, Twitter's Agrawal have been postponed -sources
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: 1 min

Analysis: Novartis CEO may struggle to rally investors to Sandoz spin-off, article with imageFuture of Health · August 26, 2022Novartis CEO Vas Narasimhan could struggle to woo investors to the listing of generics drugs business Sandoz, as weaker drug prices and jittery financial markets present one of his biggest challenges in the years-long overhaul of the Swiss drugmaker.

Earlier court filings had indicated Musk would be deposed starting on Sept. 26, while a filing Saturday said Agrawal was also due to be questioned starting Monday morning. That day, Musk’s team learned of Agrawal’s rescheduling, the person said. Agrawal’s deposition could be a chance for Musk’s team to question him about Zatko’s whistleblower allegations. Agrawal also turned down an invitation to testify at a Senate committee hearing alongside Zatko earlier this month citing the litigation with Musk, according to Sen. Chuck Grassley. Twitter and Musk are set to go to trial over the acquisition dispute in mid-October.

☆ Twitter CEO to be deposed in lawsuit against Musk
▼ + stars: | 2022-09-26 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Washington (CNN Business) Twitter CEO Parag Agrawal will be deposed on Monday as part of the company's ongoing lawsuit to force Elon Musk to complete his $44 billion acquisition of the social media company. According to a court filing, lawyers for Musk are set to question Agrawal at 9 a.m. PT. Musk himself is set to be deposed by Twitter's lawyers on Monday and Tuesday, according to an earlier court filing. The testimony comes as both sides barrel toward a high-profile trial set for mid-October. Those allegations, which were also submitted to the US government under a whistleblower process, were first reported by CNN and The Washington Post last month.

☆ Elon Musk's legal team is frustrated after Twitter's CEO cancels his deal deposition on short notice
▼ + stars: | 2022-09-26 | by ( Kali Hays | ) www.businessinsider.com time to read: +2 min

Parag Agrawal canceled an interview with Elon Musk's lawyer the day before it was set to take place. Musk is expected to be interviewed later this week as part of the ongoing lawsuit. The Twitter CEO was set to be interviewed for 10 hours in San Francisco on Monday in a deposition scheduled to start at 9 am local time. Agrawal was to be questioned at length by Musk's New York-based lawyer Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan. On Sunday, lawyers for Twitter emailed Musk's side to cancel Agrawal's deposition, citing "personal reasons."

☆ Barclays says it likes the Singapore dollar
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarclays says it likes the Singapore dollarAshish Agrawal of the bank says that when it comes to Asian currencies outside Japan, the Singapore dollar and the Taiwan dollar are at two ends of the spectrum.

☆ It's official — Jack Dorsey will be deposed on Tuesday as part of Elon Musk's $44 billion Twitter court battle
▼ + stars: | 2022-09-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Jack Dorsey will be questioned under oath on Tuesday regarding Elon Musk's legal battle with Twitter. Musk's legal team subpoenaed the Twitter cofounder as a part of a slew of legal requests in August. Dorsey resigned as Twitter's CEO last year and has supported Musk's Twitter purchase. Musk's legal team originally subpoenaed former Dorsey in August. In August, Musk's legal team submitted several legal filings, including subpoenas to two former Twitter employees and several companies, including Discord.

Elon Musk's will-he-won't-he dance to buy Twitter has been going on for months. A purchase however appears to be near completion as Musk faces a Friday deadline to close a deal. The chaotic saga between Elon Musk and Twitter appears to be coming to end on Friday. Musk recently changed his Twitter bio to "Chief Twit" and changed his location to mark "Twitter HQ." If you're hazy on some of the events within that time period, we've compiled a full timeline of developments, from Musk tweeting a poop emoji at CEO Parag Agrawal to Twitter and Musk suing each other.

☆ Delaware court denies Musk request to delay Twitter trial
▼ + stars: | 2022-09-07 | by ( Lauren Feiner | ) www.nbcnews.com time to read: +2 min

A Delaware court denied Elon Musk’s request to delay the trial over his attempt to abandon a $44 billion deal to buy Twitter, according to a new filing released on Wednesday. But the billionaire Tesla CEO will be allowed to add claims from a Twitter whistleblower to his countersuit, Chancellor Kathaleen McCormick ruled. The trial is expected to begin on October 17, earlier than the mid-November date Musk’s team requested in its latest push. “I previously rejected Defendants’ arguments in response to Twitter’s motion to expedite, making clear that the longer the delay until trial, the greater the risk of irreparable harm to Twitter,” McCormick wrote. Musk’s lawyers asked to add claims related to the whistleblower complaint recently made public by Twitter’s former head of security, Peiter “Mudge” Zatko.

☆ Elon Musk subpoenaed Stanford, which he attended for 2 days back in 1995 before dropping out, over an 'email account,' according to his lawyer
▼ + stars: | 2022-09-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk's legal team subpoenaed Stanford University on Wednesday in its Twitter court battle. Alex Spiro, Musk's attorney, told Insider the legal team was requesting "information regarding an email account" because "Twitter is hiding stuff." Spokespeople for Twitter and Stanford University did not respond to a request for comment ahead of publication. "As far as I know, neither does Stanford," Professor William Nix told The Stanford Daily. Most recently, Musk's legal team is attempting to amend its initial counterclaims against Twitter's lawsuit and delay the trial.

☆ Is Twitter ready for the midterms?
▼ + stars: | 2022-08-26 | by ( Clare Duffy | ) edition.cnn.com time to read: +16 min

The disclosure alleges that Twitter is rife with security and privacy vulnerabilities that put users, investors and even US national security at risk, and that Twitter executives have misled its board and regulators about its shortcomings. Members of the US House Committee on Homeland Security on Thursday sent Twitter CEO Parag Agrawal a letter demanding that he address Zatko’s allegations and explain Twitter’s readiness for the 2022 midterms. In 2020, hackers tricked Twitter employees into handing over internal access that allowed them to take over the accounts of prominent figures such as former President Barack Obama and then-Presidential candidate Joe Biden. “Twitter employees were repeatedly found to be intentionally installing spyware on their work computers at the request of external organizations,” the disclosure states. Twitter’s employees use devices overseen by other IT and security teams with the power to prevent a device from connecting to sensitive internal systems if it is running outdated software, Twitter added.

☆ The 5 key takeaways from the Twitter whistleblower
▼ + stars: | 2022-08-24 | by ( Brian Fung | ) edition.cnn.com time to read: +15 min

Here's more on some of the top takeaways from Zatko's disclosure. And it has created internal workflows to ensure users know that when they cancel their accounts, Twitter will deactivate the accounts and start a deletion process, Twitter said. Partly due to its cybersecurity issues, Zatko's disclosure says, Twitter's data centers are constantly at risk of going down. Twitter also knowingly misled the FTC and French regulators on its intellectual property rights violations, the disclosure claims. The FTC settlement was supposed to force Twitter to shape up after hackers in 2009 gained access to internal Twitter systems.

The complaints, obtained by CNBC, were filed by nonprofit law firm Whistleblower Aid, which is representing Twitter's former head of security, Peiter "Mudge" Zatko. Whistleblower Aid, which also represented Facebook whistleblower Frances Haugen, verified the authenticity of the documents with CNBC. A Twitter whistleblower is alleging "extreme, egregious deficiencies by Twitter" related to privacy, security and content moderation, according to complaints filed with the Securities and Exchange Commission, Federal Trade Commission and Department of Justice. If government regulators were to find Twitter misled consumers about its security protocols, that may be considered a violation of its 2011 agreement with the FTC. At the time, Twitter was barred for 20 years from misleading consumers about how it protects their security and private information.

☆ Elon Musk scores a rare win in Twitter-acquisition lawsuit as the company is ordered to hand over documents from fired general manager
▼ + stars: | 2022-08-15 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Last week Musk's attorneys demanded that documents from 22 Twitter employees be handed over. Judge Kathleen St. Jude McCormick on Monday ordered Twitter to comply in part with a motion to compel from Musk's attorneys. They requested documents from 22 additional Twitter employees they said had information on the company's process of analyzing spam or "bot" accounts. Musk's motion to compel for the additional documentation was filed last week confidentially, which means it doesn't appear on the court's docket. While Musk's attorneys pushed for document production from many additional Twitter employees, McCormick relented only on Beykpour.

☆ I talked to 70 parents who raised highly successful adults—here are 4 things they never did when their kids were young
▼ + stars: | 2022-07-09 | by ( Margot Machol Bisnow | ) www.cnbc.com time to read: +3 min

As parents, we hear a lot about the things we should do with our kids. As I researched and wrote my book, "Raising an Entrepreneur," I interviewed 70 parents who raised highly successful adults about how they helped their children achieve their dreams. Despite the diverse ethnic, socioeconomic and religious backgrounds, there were four things that the parents of these smart, driven and entrepreneurial individuals never did when their kids were young:1. Sports, video games, debating, music, birdwatching — every child of the parents I spoke to had a passion outside of the classroom. The parents never veered their kids away from the hobby because they knew it was keeping them mentally active.

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