Technology

Adani, Asia’s Richest, Is Bidding for Indian 5G Phone Airwaves

Billionaire Gautam Adani’s conglomerate is participating at an auction of 5G airwaves by India scheduled for later this month, the company said in a statement Saturday, as it seeks to enhance its presence in the country’s digital space. The company, which is seeking to build its own digital platform, superapps and data centers, said it […]

Technology

Crypto Exchange CoinFlex Now Seeking to Recover $84 Million

CoinFlex said it has taken legal action to recover $84 million in losses from a single customer and is in talks to sign a joint venture with another crypto exchange in a bid to revive its fortunes. The crypto exchange paused withdrawals on its platform last month after a counterparty, which it later identified as […]

Technology

Musk Effort to Kill Deal Leaves Twitter With Only Bad Options

Elon Musk’s effort to dump his agreement to buy Twitter Inc. leaves the social media service worse off, no matter the outcome. If the Tesla Inc. chief executive officer succeeds in ending the deal, Twitter stock will likely free-fall, and a staff already dejected by Musk’s months-long public criticism of the site will suffer another […]

Technology

Musk Dodges Twitter Questions in Hot Sun Valley Speech

The collapse of Elon Musk’s Twitter Inc. deal made the billionaire’s appearance at Allen & Co.’s Sun Valley Conference an even hotter ticket, but ultimately it left many attendees cold. He declined to answer questions on the deal, though he did reiterate gripes over the company’s treatment of former President Donald Trump and how it […]

Technology

The Fight Between Musk and Twitter Will Come Down to Three Words

Elon Musk’s attempt to walk away from his $44 billion Twitter Inc. buyout will turn on a three-word phrase that’s sometimes asserted in busted mergers — but rarely passes muster with judges. “Material Adverse Effect” was cited by Musk’s lawyers in a regulatory filing Friday which argued that undisclosed information about bots on the social […]

Technology

Amazon Prime Growth Stalls in US After Price Increase

Amazon.com Inc.’s number of Prime members in the US stagnated in the first half of the year, suggesting a $20 annual price increase that took effect in February may be turning off potential customers struggling with high gas prices and inflation. The online retailer had about 172 million members as of June 30 who pay […]