#Elon Musk

#Elon Musk

U.S. District Judge Theodore Chuang wrote that there was "no alternative" to the depositions, citing plaintiffs' inability to obtain information through documents or lower-ranking officials, whose deposition requests went unanswered. Chuang also pointed to earlier rulings finding that Musk made decisions to dismantle USAID despite lacking formal authority or official approval. Zoom in: USAID's former workforce of 10,000 managed some $43 billion in appropriations and assisted approximately 130 countries with disaster relief and economic development in fiscal year 2023.

The government is preparing a series of measures including a social media ban for under-16s, the prime minister, Pedro Sanchez, said, promising to protect children from the digital wild west and hold tech companies responsible for hateful and harmful content. Sanchez said on Tuesday that urgent action was needed because social media was a failed state where laws are ignored and crimes are tolerated.

PayPal ( NASDAQ:PYPL ) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations . Adjusted earnings came in at $1.23 per share, below the $1.29 consensus estimate, while revenue reached $8.68 billion against forecasts of $8.79 billion. The shortfall stemmed from softer consumer spending and slower growth in its branded checkout business, which rose just 1% year-over-year. For 2026, PayPal guided for adjusted profit to decline in the low single digits or be slightly positive, well under the 8% growth analysts expected.

The French offices of Elon Musk's X are being raided by local police, according to the Paris prosecutor's office. The search is being carried out by a cybercrime unit in relation to an investigation opened in January 2025, the Paris Prosecutor's office said in an X post on Tuesday. X has faced investigations and backlash in Europe over sexual images generated by its AI chatbot Grok.

Last year, the Cybertruck spiraled into market irrelevance while the rest of the EV market found its footing, as the pickup experienced the single biggest sales collapse of any electric vehicle in the United States. Elon Musk's flailing company managed to move only an estimated 20,237 Cybertrucks in 2025. And that's counting the units that Musk reportedly bought for himself through SpaceX and xAI to avoid further ridicule.