Elon Musk did not need Tesla board to review buyout tweets, directors testify

Musk tweeted that he had "funding secured" to take the carmaker private at a $420 per share price, a premium of about 23% to the prior day's close.

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Sam Bankman-Fried barred from contacting FTX employees, using messaging apps

The ruling from US District Judge Lewis Kaplan came after federal prosecutors in Manhattan said Bankman-Fried might tamper with witnesses or destroy evidence in his criminal fraud case.

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China Covid-19 curbs, limited consumer spending to impact Apple's revenue figures

Investors will look for details on how chief executive Tim Cook is trying to bolster demand in a weak economy that has prompted mass layoffs in the tech industry, a move Apple has so far avoided thanks to frugal hiring during the pandemic

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Meta stuns Street with lower costs, big buyback, upbeat sales

The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its content recommendations powered by artificial intelligence and its ad targeting systems to keep users clicking.

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Budget 2023 Special

Union Finance Minister Nirmala Sitharaman on Wednesday announced a slew of measures to support the tech and startup ecosystem during Budget 2023. These include tax benefits for startups, higher allocation for IT ministry, extension of scope of DigiLocker, among other things. We’ve got you covered in this packed edition of the ETtech Morning Dispatch.

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ETtech Opinion | Budget will help catalyse efforts to promote digitally inclusive India: Kalyan Krishnamurthy

The budget outlines the importance of startups. Allowing carry-forward of losses for longer will strengthen their books and enable focus on building the larger ecosystem.

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Payments firm PayPal to lay off 7% of its workforce to cut costs

The payments firm also joins Big Tech firms and Wall Street titans, which are executing layoffs across corporate America as companies look to rein in costs to ride out the downturn.

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Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report fourth-quarter results, which provides an early clue for platforms like Facebook owner Meta Platforms Inc and Alphabet's Google when they report results later this week.

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Exclusive: Big payday for PhonePe founders; key takeaways for tech, startups from Eco Survey 2023

To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommended for startups and tech sector and another big scoop on the PhonePe-Flipkart separation and its ongoing fundraise.

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Dark clouds, yet Zoho sees $1 billion revenue for ManageEngine in a year

Speaking at ManageEngine UserConf Mumbai 2023, Vembu said the Zoho management expects its enterprise IT management division to cross $1 billion in revenue by the next year, given the demand metrics.

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'They fire, we hire' - Germany seizes on Silicon Valley's woes

While Germany is also teetering on the edge of recession, its companies have grown more slowly in recent years and, in a country notorious for still handling business by fax, there are huge technology leaps to be made.

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