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Top Company News of the Day: TikTok, X, VF Corp, Microsoft

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November 30 2023 10:45PM

Montana Judge Says TikTok Ban ‘Likely Violates First Amendment’

The social-media app sued after the state passed a law banning TikTok to protect residents’ privacy.

Elon Musk’s F-Bombs Make Linda Yaccarino’s Job at X Even Harder

Musk’s outburst is “a line in the sand that can’t be undrawn,” one ad-industry insider said.

VF Corp. Lays Off 500 Employees Amid Investor Pressure for Cost Cuts

U.S. sportswear and footwear company VF Corp. has laid off about 500 employees globally amid flagging consumer demand and activist investor pressure to trim costs.

Microsoft Got an AI Boost. It’s Far From Over.

Nvidia may be first on the list of AI beneficiaries, but Microsoft is a clear No. 2.

Celsius Details Plan to Focus on Bitcoin Mining Post Bankruptcy

The scaled-down company will be managed by US Bitcoin.

StraightPath Founders Face Criminal Fraud Charges Over ‘Pre-IPO’ Securities Sales

A Justice Department indictment alleges fraud and obstruction of justice at the defunct investment firm.

Peltz Launches Fresh Proxy Fight Against Disney

The activist investor says the entertainment company turned down his request for board representation.

Tesla’s Long-Awaited Cybertruck to Start at Roughly $61,000

The electric-vehicle maker started deliveries Thursday and revealed the truck’s pricing and specs.

Dell’s stock is down on a revenue miss amid weak PC demand

Dell said it expects a rebound in revenue growth in 2024 “given the tailwinds to our business.”

Ulta Beauty Taps Paula Oyibo as Next Finance Chief

Scott Settersten is scheduled to retire in April after nearly 20 years with Ulta.

Source: Dow Jones Newswires