Tom Hals / Reuters:
Sources: Elon Musk and Twitter have not yet reached an agreement to end litigation; Musk is scheduled to be deposed on Thursday in Austin — Elon Musk and Twitter Inc (TWTR.N) have not yet reached an agreement to end the litigation and clear the way for the world’s richest person to close …
Tina Davis / Bloomberg:
Filing: Twitter’s lawyers will depose Elon Musk behind closed doors on September 26 and 27, with an option of a third day; Musk’s attorney will also be deposed — Elon Musk is scheduled to answer questions on Sept. 26 and 27 from Twitter Inc.’s lawyers on his failed $44 billion purchase of the company, according to a court filing.
Anders Melin / Bloomberg:
Analysis: with Elon Musk cleaning out Twitter’s executive ranks, CEO Parag Agrawal is eligible to receive ~$50M, CFO Ned Segal $37M, and Vijaya Gadde $17M — Three of Twitter Inc.’s top executives who were said to be fired after Elon Musk completed his takeover are poised to collect …
Alyssa Lukpat / Wall Street Journal:
The top 20 tech billionaires globally have lost $480B+ on paper in the past year; Mark Zuckerberg’s wealth drops by $87B+, Elon Musk and Jeff Bezos by $58B+ — Moguls including Mark Zuckerberg and Jeff Bezos have collectively lost more on paper than the market values of most S&P 500 companies
Rebecca Bellan / TechCrunch:
CEO Kyle Vogt says that Cruise will launch commercial robotaxi services in Austin and Phoenix “in the next 90 days and before the end of 2022” — GM’s self-driving technology unit Cruise will launch commercial robotaxi services in Austin, Texas and Phoenix …
Blake Brittain / Reuters:
Shopify settles a lawsuit with major educational publishers that claimed the platform ignored notices of users selling pirated textbooks and other materials — Shopify Inc has settled allegations by a group of major educational publishers that the Canadian e-commerce company enables piracy on its platform …
Financial Times:
Sources: Twitter has agreed to delay a deposition by Elon Musk scheduled for October 6 in Austin, as both sides hash out a way to close the $44B deal — Tesla chief and social media group are negotiating end to legal fight to finalise $44bn buyout — Twitter has agreed to delay a deposition …
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