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Wall Street rallies as growth stocks rebound, Twitter falls; Dow up 370 pts

Growth stocks such as Apple Inc, Google-owner Alphabet Inc, Amazon.com and Nvidia Corp gained between 2.2% and 6.5% after falling for most of the week.

Top headlines: Musk puts Twitter deal on hold, SBI Q4 profit rises 41%

Elon Musk says his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts

Tesla, Twitter shares drop on potential legal issues against Musk, coup bid

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week. Along with malaise in the broader markets, investors have had to weigh legal troubles for Musk, as well as the possibility that his acquisition of Twitter could be a distraction from running the world's most valuable automaker. The Wall Street Journal reported Wednesday that U.S. securities regulators are investigating Musk's tardy disclosure that he had bought more than 5% of Twitter shares. Musk now owns more than 9% of the San Francisco company. The SEC wouldn't comment, and a message was left for Musk's ...

Two top managers fired from Twitter amid Elon Musk's buyout turmoil

Twitter fired two of its top managers Friday, the latest sign of internal turmoil amid Tesla billionaire Elon Musk's planned buyout of the company. One Twitter general manager, Kayvon Beykpour, is leaving after 7 years. In a series of tweets Thursday, Beykpour said CEO Parag Agrawal asked me to leave after letting me know that he wants to take the team in a different direction. Bruce Falck, Twitter's revenue and product lead, was also fired, according to a tweet that has since been deleted. His Twitter bio now says unemployed. I dedicate this Tweet to those engineers and thank you ALL for the opportunity to serve alongside you. It's been awesome. There is a lot more to do so get back to work, I can't wait to see what you build, Falck tweeted. Twitter confirmed both departures and said the company is pausing most hiring and except for business critical roles. In addition, it said in a statement, we are pulling back on non-labor costs to ensure we are being responsible and ...

Elon Musk's delay in disclosing Twitter stake triggers SEC probe

The Wall Street Journal reported on Wednesday that the SEC is investigating Musk's submission of a form that investors must file when they accumulate more than 5 per cent of a company

Twitter to freeze hiring, rescind some offers and make cost-cutting efforts

The news comes as billionaire Elon Musk is working to close a $44 billion deal to acquire Twitter

Dorsey says no plans to head Twitter again, hints at limited involvement

Jack Dorsey, who currently heads payments firm Block Inc, owns a 2.4% stake in Twitter, according to Refinitiv

Twitter co-founder Jack Dorsey backs Musk's plan to reverse Trump's ban

"I think it was a morally bad decision to be clear and foolish in the extreme," Jack Dorsey said at a Future of the Car event hosted by the Financial Times

Elon Musk says he would reverse Twitter's ban of Donald Trump

Musk, speaking virtually at a Future of the Car summit hosted by the Financial Times, said Twitter's Trump ban was 'a morally bad decision and foolish in the extreme'

Musk says he's 'aligned' with EU approach to digital rules

Elon Musk, who is offering to buy Twitter, has given his support to a new European Union law aimed at protecting social media users from harmful content after he met with the bloc's single market

Musk's Twitter remark on Indian architecture stirs India visit speculation

His Twitter remark led several Indian Twitter users to respond to Musk's tweet, asking, "Any plans to visit India soon?"

Twitter abuzz over Musk's 'if I die under mysterious circumstances' post

The post came a few days after the Tesla CEO announced acquisition of Twitter for $44 billion.

Musk thinks he can double Twitter's revenue from subscriptions by 2028

In a pitch deck viewed by the New York Times, Musk gave investors a taste of what to expect under his ownership

Twitter staff will face 'extreme' workload if buyout goes through: Musk

The Tesla CEO also said that he strongly believes that all managers in a technical area "must be technically excellent".

California judge rejects Trump lawsuit challenging permanent Twitter ban

Trump sued Twitter, Facebook and Google's YouTube in July 2021, claiming they illegally censored him.

Twitter to focus more on engineering if acquisition completes: Musk

Tesla CEO Elon Musk has revealed that Twitter will focus deeply on hardcore software engineering, design, and more, following the completion of the acquisition of the micro-blogging site.

Saudi Prince reverses course on Twitter for 'new friend' Elon Musk

When Musk announced his $54.20-per-share offer in April, Alwaleed used the social-media platform to reject the offer, saying it didn't 'come close' to Twitter's intrinsic value

Elon Musk, Twitter are sued by shareholder over $44 billion takeover

The lawsuit said Musk became an 'interested stockholder' after taking a more than 9% Twitter stake, requiring the delay

Twitter's new feature allows Spaces analytics access to all hosts, co-hosts

"Hosts and co-hosts on iOS and Android will now have access to analytics like total live listeners, total replays, and speakers..." the company wrote on its platform

Twitter may soon allow users to add videos, pictures in same tweet: Report

Recent reports said that Twitter is working on the edit button, as requested by its users as well as Elon Musk, but the platform is reportedly going to keep a digital trace of earlier tweets