Elon Musk did not need Tesla board to review buyout tweets, directors testify

Musk tweeted that he had "funding secured" to take the carmaker private at a $420 per share price, a premium of about 23% to the prior day's close.

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China Covid-19 curbs, limited consumer spending to impact Apple's revenue figures

Investors will look for details on how chief executive Tim Cook is trying to bolster demand in a weak economy that has prompted mass layoffs in the tech industry, a move Apple has so far avoided thanks to frugal hiring during the pandemic

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Meta stuns Street with lower costs, big buyback, upbeat sales

The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its content recommendations powered by artificial intelligence and its ad targeting systems to keep users clicking.

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ETtech Opinion | Budget will help catalyse efforts to promote digitally inclusive India: Kalyan Krishnamurthy

The budget outlines the importance of startups. Allowing carry-forward of losses for longer will strengthen their books and enable focus on building the larger ecosystem.

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US, India semiconductor groups forge initiative to boost chip ecosystem

The task force will develop a "readiness assessment" regarding the semiconductor ecosystem in India and gather industry, government, and academic stakeholders to identify near-term industry opportunities.

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Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report fourth-quarter results, which provides an early clue for platforms like Facebook owner Meta Platforms Inc and Alphabet's Google when they report results later this week.

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Exclusive: Big payday for PhonePe founders; key takeaways for tech, startups from Eco Survey 2023

To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommended for startups and tech sector and another big scoop on the PhonePe-Flipkart separation and its ongoing fundraise.

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