TWTR

Elon Musk is trying to run Twitter Inc. with an ever-shrinking fraction of the staff the company had when he took over. Silicon Valley is watching to see if he will succeed. Mr. Musk’s cuts are of a different magnitude. He said in December that Twitter’s staff was down to roughly 2,000 from close to 8,000 before he acquired the company in October and that he was “cutting costs like crazy.”He conducted more layoffs over the weekend, employees said. Twitter declined to disclose the number of…

A lot of businesses are feeling morose about where the economy is heading. And yet they still are looking to hire more workers. The Labor Department on Wednesday reported that there were a seasonally adjusted 10.5 million unfilled job openings in the U.S. as of the last day of November, about equal to the (upwardly revised) count for October. That was down from the extremes hit earlier last year, but still far above anything seen during the prepandemic period.…

WASHINGTON—Federal prosecutors and securities regulators are investigating whether Tesla Inc. TSLA 0.50% misled consumers and investors about how its advanced driver-assistance system performed, according to a person familiar with the matter. The Justice Department is looking at statements that Tesla and its executives made about the safety and functionality of the system known as Autopilot, the person said. The Securities and Exchange…

Elon Musk Photo: carina johansen/NTB/Agence France-Presse/Getty Images Updated Oct.…

Banks have started to send $13 billion in cash backing Elon Musk’s takeover of Twitter Inc., TWTR 1.08% according to people familiar with the matter, the latest sign the $44 billion deal for the social-media company is on track to close by the end of the week after months of twists and turns.…

Elon Musk visited Twitter Inc.’s TWTR 1.08% San Francisco office Wednesday, days ahead of a deadline to complete his acquisition of the social-media platform.Twitter told employees in an internal message that they will hear directly from Mr. Musk on Friday, according to an internal note reviewed by The Wall Street Journal. “Entering Twitter HQ—let that sink in!” Mr. Musk tweeted, along with a video of himself…

Updated Oct. 26, 2022 8:11 am ET Elon Musk may close his $44 billion acquisition of Twitter Inc. TWTR 2.45% before the end of the week. The takeover has been one of the most unusual blockbuster transactions in recent memory, with months of twists and turns. The billionaire entrepreneur, who also runs…

Roelof Botha, the head of Sequoia Capital, said he thinks there are large improvements to be made for Twitter Inc.’s TWTR 2.45% current business and that Elon Musk’s takeover bid for the social-media company will be a success. Mr. Botha, speaking at The Wall Street Journal’s Tech Live conference, said he thought Twitter could find better ways to make money beyond advertising…

The monthslong saga over Elon Musk’s bid to buy Twitter Inc. TWTR 2.83% could come to a close this week with a deadline looming for the parties to complete the $44 billion takeover. Mr. Musk’s on-and-off pursuit of Twitter has taken different turns in recent months. Here’s what you need to know as the deal by the Tesla Inc. TSLA 5.18% chief executive may…

The move, which ends a lucrative arrangement that has produced the popular Yeezy collection of sneakers, comes after weeks of pressure on the German sportswear company from human-rights advocates and after other businesses severed their ties with Mr. West, who goes by Ye. Retail chain Gap Inc., GPS 2.04% film-and-television studio MRC and French fashion house Balenciaga are among companies that have distanced themselves from Mr. West in recent weeks. Earlier this month,…