Kate Conger

2 weeks ago | diario.mx | Kate Conger

Un jueves reciente, los periodistas que abarrotaban la sala de prensa de la Casa Blanca vieron una cara desconocida en un asiento giratorio designado para los nuevos medios. Lo ocupaba John Stoll, que acababa de ser nombrado jefe de noticias de X, la plataforma social propiedad de Elon Musk.

2 weeks ago | nytimes.com | Kate Conger

But in February, X's bankers were finally able to sell billions of dollars of debt to investors. Months earlier, investors were negotiating to buy that debt at a loss of 10 percent to 20 percent for the banks. "Some companies might be nervous about being seen as not being on board with the administration because they're not involved in X," said Jo-Ellen Pozner, an associate professor of management at the Leavey School of Business at Santa Clara University. Still, X faced continued struggles.

2 weeks ago | nytimes.com | Kate Conger

More often than not, Musk unleashes a torrent of social media posts about the biggest political news of the day. But that wasn't the case over the past 48 hours, as Trump introduced sweeping worldwide tariffs and the stock market - and tech stocks in particular - reeled. Of course, Musk's companies aren't immune to the pain of tariffs. While Tesla does some of its manufacturing in the United States, it also has a huge factory in Shanghai and imports parts from China for its battery systems.

3 weeks ago | nytimes.com | Kate Conger

During the height of the 2024 presidential campaign, Elon Musk promised Pennsylvanians a $100 reward for signing a petition in support of free speech and gun ownership rights. The billionaire also offered $47 to anyone who recruited a signatory to the petition - and increased the payment to $100 as Election Day drew near. Now, a canvasser for Mr. Musk's America PAC who gathered signatures in Pennsylvania is suing the executive, saying Mr. Musk failed to pay him for $20,000 worth of signatures.

3 weeks ago | pressdemocrat.com | Kate Conger |Lauren Hirsch

Elon Musk said Friday that he had sold X, his social media company, to xAI, his artificial intelligence startup, in an unusual arrangement that shows the financial maneuvering inside the business empire of the world’s richest man. The all-stock deal valued xAI at $80 billion and X at $33 billion, Musk said on X. X’s price was down from the $44 billion that Musk paid for the social media company in 2022, but higher than the $12 billion valuation that some of X’s investors have recently assigned it.