CNN – Social Media/Technology

By Chris Isidore and Peter Valdes-Dapena, CNN General Motors is pausing its advertising on Twitter now that the social media platform is owned by Tesla CEO Elon Musk, the company said in a statement Friday. The nation’s largest automaker said that it is making the change while it evaluates “Twitter’s new direction.” It said it

By Chris Isidore, CNN Business The three top Twitter executives whom Elon Musk fired Thursday will walk out the door with about $187 million of Musk’s money. Former CEO Parag Agrawal, former CFO Ned Segal and former Chief Legal Officer Vijaya Gadde were ousted after Musk took control of the company late Thursday, according to

By Clare Duffy and Donie O’Sullivan, CNN Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. The company said the deal “became effective” on Thursday, as part of a

By Clare Duffy, CNN Business After spending months attempting to get out of his deal to buy Twitter, Elon Musk officially owns the hugely influential platform. Now the question is: What will he actually do with it? Musk’s takeover — which was finalized Thursday night, a source familiar with the matter told CNN — not

By Donie O’Sullivan and Clare Duffy, CNN Business Elon Musk has completed his $44 billion deal to buy Twitter, a source familiar with the deal told CNN Thursday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. Musk fired CEO Parag Agrawal and two other executives, according

By Clare Duffy, CNN Business Apple beat Wall Street analysts’ sales and income expectations for the quarter ended in September, despite an otherwise bruising earnings season for tech companies and worries that demand for the newest iPhones might have been weaker-than-expected. The tech giant posted sales of just over $90 billion during its fiscal fourth

By Catherine Thorbecke, CNN Business Amazon stock fell some 14% in after-hours trading Thursday after the company forecast its holiday quarter sales would be lighter than analysts had expected. The e-commerce giant said it expects revenue for the final three months of the year to be between $140 billion to $148 billion, significantly below the

By Clare Duffy, CNN Business Elon Musk attempted to reassure Twitter’s advertisers about the future of the platform in an open letter Thursday, a day before his $44 billion takeover of the company is expected to be completed. In a letter posted to Twitter, Musk said he doesn’t want the platform to become a “free-for-all-hellscape

By Clare Duffy, CNN Business Apple is about to offer its first hints about iPhone 14 sales after weeks of rumors that demand for its latest smartphone lineup could be weaker than initially expected. On Thursday afternoon, Apple will report earnings results for the September quarter, a period that includes about two weeks’ worth of

By Michelle Toh and Gawon Bae, CNN Business Samsung has appointed Jay Y. Lee, its longtime de facto leader, as executive chairman. The move was announced Thursday, making official who would continue to head up South Korea’s most valuable and well-known company. Lee had previously held the title of vice chairman. Samsung’s board, which approved

By Chris Isidore, Matt McFarland and Peter Valdes-Dapena, CNN Business Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it’s going to cost the automaker $2.7 billion to walk away. The company announced Wednesday it would no longer provide financial support for Argo AI, a self-driving car

By Clare Duffy, CNN Business Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business. For the three months ended in

By Donie O’Sullivan and Clare Duffy, CNN Business Elon Musk plans to visit Twitter’s San Francisco office this week ahead of the expected close of his deal to buy the company, Twitter Chief Marketing Officer Leslie Berland told staff in an email Wednesday. “As you’ll soon see or hear, Elon is in the SF office

By Samantha Murphy Kelly, CNN Business The iPhone will support USB-C charging in the European Union to comply with a new ruling that mandates electronic devices have a common charging standard, an Apple executive said Tuesday night. “Obviously we will have to comply,” Greg Joswiak, Apple’s senior vice president of worldwide marketing, said at the

By Catherine Thorbecke, CNN Business Microsoft posted a double-digit profit decline in the three-month period ending in September as the company confronted a slowdown in the personal computing industry and a broader economic downturn. The tech giant on Tuesday reported net income of $17.6 billion for the quarter, a decrease of 14% from the year

By Clare Duffy, CNN Business Google may be the giant in the digital advertising world, but even it is not immune to the impact that the economic downturn and recession fears are having on the online ad market. Google parent company Alphabet on Tuesday reported earnings results for the third quarter that fell short of

By Catherine Thorbecke, CNN Business Six months after the grassroots Amazon Labor Union scored a historic victory by becoming the first to unionize one of the tech giant’s US facilities, it now appears to be grappling with setbacks and delays. Workers at a California Amazon facility withdrew their petition late last week to unionize with

By Jennifer Korn, CNN Business Amazon is rolling out a new option for customers to pay with Venmo. Starting Tuesday, select customers will see an option at checkout to pay for orders on Amazon.com and via the mobile app using the popular PayPal-owned payment service rather than using their credit cards. The option will be

By Samantha Murphy Kelly, CNN Business After Rebecca Kasten Higgins lost her husband in a car accident a few days before their 20th anniversary in 2018, she kept her relationship status as “married” on Facebook for three years. Then she started dating someone. “When I first changed my status from ‘widowed’ to ‘in a relationship,’

By Michelle Toh, CNN Business WhatsApp suffered a serious outage on Tuesday, preventing users across the globe from sending or receiving messages on the platform. The world’s most popular messaging app started having problems around 3 a.m. ET. As of 4:50 a.m. the service was back for some users, but appeared to remain patchy elsewhere.

By Samantha Murphy Kelly, CNN Business YouTube is rolling out what it calls a “small makeover” with a handful of new features and design changes intended to make watching videos on the platform a better experience. In a blog post published Monday, the company said it’s adding new tools inspired by feedback from its YouTube

By Catherine Thorbecke, CNN Business Apple on Monday raised the price of its music and video streaming services, in the latest example of streaming products getting more expensive in recent months. An Apple Music subscription for individuals will now cost $10.99 per month, up from $9.99, and a family plan supporting up to five people

By Brian Fung, CNN A landmark law requiring Apple and other electronics makers to adopt USB-C as a universal charging standard in the European Union has cleared its final procedural hurdle, after EU member states voted to approve the legislation on Monday. The new law, which is targeted at smartphones, tablets, digital cameras, portable speakers