Twitter to let users offer content subscriptions in monetization push

(Reuters) -Twitter-owner Elon Musk said on Thursday users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hours-long video. Users offering the subscription, a feature they can access through the “Monetization” tab in settings, will get all the money subscribers pay apart from the charges…

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Faraday Future pushes back EV deliveries, looking for cash

SAN FRANCISCO (Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric on Thursday pushed back initial deliveries of its flagship FF 91 Futurist by another two months, saying they would depend on “substantial additional financing”. The Los Angeles-based company said it was down to about $30 million in cash as of Tuesday and deliveries…

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Analysis-Twitter’s advertising business seen facing slow recovery

By Sheila Dang (Reuters) – Twitter-owner Elon Musk has said advertisers are returning to the social media platform, but statements from several companies and data from research firms suggest a bounce-back is not happening so fast. Musk, who also runs electric carmaker Tesla Inc, earlier this week told the BBC that most of Twitter’s advertisers…

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Amazon shareholder proposals hit record for 2nd straight year

By Arriana McLymore NEW YORK (Reuters) -Amazon.com Inc faces 18 shareholder proposals, beating its 2022 record of 15, as environmental, social and governance (ESG)-focused investors push for more changes in e-commerce giant, Amazon’s proxy statement released on Thursday shows. The proposals include a request to change Amazon’s executive compensation package, an audit to ensure that…

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US says Photoshop maker Adobe to pay $3 million to settle kickback allegations

By Kanishka Singh WASHINGTON (Reuters) -Photoshop maker Adobe Inc has agreed to pay $3 million to settle U.S. kickback allegations involving federal software sales, the U.S. Justice Department said in a statement on Thursday. The settlement resolves allegations that Adobe made improper payments under its Solution Partner program to companies that had a contractual or…

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Lucid’s first-quarter vehicle production, deliveries fall sequentially

(Reuters) -Lucid Group Inc on Thursday reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. The luxury electric car-maker produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced and 1,932 delivered…

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Irish regulator has month to make order on EU-US Facebook data transfers

DUBLIN (Reuters) – Ireland’s data regulator has one month to make an order on blocking Facebook’s transatlantic data flows, European Union regulators said on Thursday. EU regulators led by Ireland’s Data Protection Commissioner (DPC) Helen Dixon have been finalising a ban on the legal tool used by Facebook to transfer European user data because of…

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Crypto investors face delays in withdrawing funds after Ethereum upgrade

By Elizabeth Howcroft LONDON (Reuters) -Cryptocurrency investors are facing delays to withdraw funds deposited on the Ethereum blockchain after its major software upgrade, highlighting persistent headaches for Ethereum which aims to have the technology widely used for instant payments. The software upgrade, known as “Shapella,” was set to unlock more than $30 billion worth of…

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