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Elon Musk’s X wins $500M severance lawsuit from ex-workers

Billionaire tycoon Elon Musk won a lawsuit on Tuesday after a San Francisco federal court sided with Musk in a lawsuit filed by fired employees of Company X who claim he didn’t pay them $500 million in severance pay. U.S. District Judge Trina Thompson ruled Tuesday that about 6,000 employees who were laid off after […]

Bloodbath at Paramount as Studio Announces $500M in Cuts

Paramount plans to soon sell off part of its studios, cut $500 million in expenses, and begin cutting jobs. Paramount’s three co-CEOs — Brian Robbins, who runs the film studio, Chris McCarthy, who is in charge of Showtime and MTV, and George Cheeks, who oversees CBS — gathered about 500 employees on the campus on […]

Man suing DraftKings in alleged $500M masked-man extortion plot

A Queens man claims he was the central figure in a $500,000 extortion scheme backed by DraftKings. In the Queens County lawsuit Acquired by NextThe anonymous plaintiff alleges that in March 2023, a masked man threatened him near his Long Island City home, “grabbing him, shaking him roughly and threatening to kill him unless he […]

Paramount shares drop as top execs unveil $500M cost-cutting plan

Paramount Global shares fell on Tuesday after its chief executives announced a major restructuring plan that included $500 million in annual cost cuts. The company’s future remains uncertain amid talks of a possible merger with Skydance Media. The executives — CBS President and CEO George Cheeks, Showtime/MTV Entertainment Studios President and CEO Chris McCarthy and […]

BlackRock Bitcoin ETF Gains $500M as Wall Street Appetite for BTC Grows – Decrypt

Demand built up over many years Bitcoin (BTC) Exchange-traded funds (ETFs) continue to generate intense activity around the top cryptocurrencies, with this new investment vehicle posting its strongest days ever. BlackRock, the world’s largest fund manager, is leading the way. Yesterday alone, the fund manager’s iShares Bitcoin Trust saw an inflow of $493 million. There […]

Elon Musk denies AI startup has raised $500M of $1B goal

Barney & Co. host Stuart Barney responded to a Wall Street Journal report detailing the Tesla CEO's drug habit. Billionaire Elon Musk denied his remarks. Artificial intelligence (AI) xAI has secured commitments to reach half of its $1 billion investment goal. “This is not accurate at all.” Mr Musk wrote It was posted on X […]