A group Twitter vendors have filed a class action lawsuit against the company for unpaid bills ranging from $40,000 to $140,000. The group includes consulting, public relations and captioning service firms. In the lawsuit filed in California, the companies referred to themselves as “small businesses without the resources, time, and money to litigate these claims on their own.” CEO Elon Musk notably has slashed costs across the company in an effort to get the social media platform on firmer financial footing.
Stocks fall for a second day on Wall Street due to weak job data and recession fears. The VIX surges over 60, showing high anxiety and a potential rebound.
A new CEO takes over the embattled planemaker. Plus: Elon picks a fight, the Fed might finally cut rates and Microsoft makes a lot of money but not enough.
