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Wall Street closes lower as ad tech, social media stocks drop

Wall Street closes lower as ad tech, social media stocks drop

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Snap Inc shares plunge on slowing growth Communication services stocks lead sectoral declines AmEx raises revenue forecast on resilient card spending Indexes down: Dow …

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Judge in Twitter v. Musk made rare ruling: ordering a deal to close

Judge in Twitter v. Musk made rare ruling: ordering a deal to close

July 15 (Reuters) – The judge overseeing Twitter Inc’s (TWTR.N) $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor or chief …

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Twitter sues Elon Musk to hold him to $44 billion deal

Twitter sues Elon Musk to hold him to $44 billion deal

WILMINGTON, Del., July 12 (Reuters) – Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share. “Musk apparently believes that he – unlike …

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Exclusive: Meta slashes hiring plans, girds for 'fierce' headwinds

Exclusive: Meta slashes hiring plans, girds for ‘fierce’ headwinds

June 30 (Reuters) – Facebook-owner Meta Platforms Inc (META.O) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns …

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Bitcoin eases from 18-month low as crypto market stabilizes

Bitcoin eases from 18-month low as crypto market stabilizes

LONDON/NEW YORK, June 15 (Reuters) – Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the U.S. Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this week after crypto lender Celsius froze customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72 , …

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