Fidelity has marked down value of X by 71.5 percent since Musk takeover

Fidelity has marked down value of X by 71.5 percent since Musk takeover

Fidelity has marked down the value of its shares in X Holdings Corp., the parent company of the platform formerly known as Twitter, by 71.5 percent since Elon Musk purchased the company in October 2022. The investment firm cut its valuation of X by about 10.7 percent in November alone, from an estimated $6.3 million … Read more

Chinese exchange student found in Utah mountains in suspected ‘cyber kidnapping’

Chinese exchange student found in Utah mountains in suspected ‘cyber kidnapping’

A foreign exchange student has been found after being reported missing last week, according to local authorities. The student, Kai Zhuang, had been staying with a host family in Riverdale, Utah, at the time of the incident. Riverdale Police said they received a report of a kidnapping Friday. “Officers were contacted by the high school … Read more

ASML halts hi-tech chip-making exports to China reportedly after US request | Computing

ASML halts hi-tech chip-making exports to China reportedly after US request | Computing

A Dutch manufacturer has cancelled shipments of hi-tech microchip machinery to China after pressure from the US government, it has been reported. ASML, a key firm in the global semiconductor manufacturing supply chain, was due to export three chip-making machines to China but had its export licences revoked by the Dutch government before they were … Read more