Electronics
Tesla Buyout Trial Mocked By Shareholders
SAN FRANCISCO – Lawyers for Tesla shareholders who are suing Tesla CEO Elon Musk over a misleading tweet want a federal judge to deny Musk’s request to move an upcoming trial from California to Texas.
Musk claims that possible jurors in the San Francisco federal court where the case was filed four years ago will treat him unfairly.
However, Tesla shareholders’ attorneys asserted in a Wednesday filing that there are no legal grounds to move the upcoming trial, which is an Aug. 7, 2018, tweet in which Musk indicated he had lined up financing for a Tesla buyout. A deal that never materialized and resulted in a $40 million settlement with U.S. securities regulators.
The lawyers also said that Musk is the only one to blame for any bad impressions because he is so active on Twitter, which he owns and runs now.
For Better Or Worse, Musk Is a Celebrity
In their 19-page response to the transfer request, the shareholders’ lawyers said, “For better or worse, Musk is a celebrity who gets attention from media around the world.” “His Twitter presence alone is partially to blame for this. Musk would be practically untriable before a jury if all required to exclude a jury pool were “bad” attention, given his penchant for drawing “negative” media.
The filing comes less than a week after Musk’s lawyer, requested U.S. District Judge Edward Chen to transfer the case to Texas, where Musk plans to relocate Tesla‘s headquarters in 2021 after almost two decades in Silicon Valley. Spiro is requesting a delay in the commencement of jury selection, which is currently set for Tuesday if the trial is not shifted.
Telsa Shareholders Upset
The lawyers for the shareholders said that their 2018 case would never have been allowed in a federal court in Texas because Musk’s tweet about buying out Tesla happened when Tesla was based in Palo Alto, California. Also on the list of witnesses are several former Tesla executives who live in California and would have to deal with a lot of trouble if the trial was moved to Texas.
Chen has set up a Friday hearing for more arguments about Musk’s request to move or delay the trial. The judge has already decided that Musk’s tweet about the buyout Tesla was false, so it will be up to a jury to decide if he was careless when he sent it out and if it cost Tesla shareholders money.
After correcting for two stock splits since 2018, Tesla’s shares are now worth approximately six times what they were at the time of Musk’s phony buyout comments.
Musk has been seen as a tech pioneer in the San Francisco Bay Area for years, but Spiro thinks the bad press has hurt his reputation since he bought Twitter for $44 billion in October. Since then, Musk has fired or forced out more than half of Twitter’s employees, and his critics say he has taken away the service’s protections against fake news and bad content.
Juror Bias A Likelihood
According to Spiro, the opposition to such initiatives, which Musk has defended as steps to reduce Twitter’s losses and maintain free speech rights, raised the likelihood that potential jurors will be biased against him. Among other things, Spiro mentioned the likelihood that possible jurors from the San Francisco Bay Area were recently laid off at Twitter or knew someone who was laid off after Musk’s takeover.
To refute that claim, the shareholders’ counsel of Tesla highlighted the over 200 jury questionnaires sent to Chen. According to the attorneys, only two or three jurors admitted to knowing someone who works at Twitter.
SOURCE – (AP)
Electronics
Dyson To Axe Around 1,000 Jobs In Britain
Dyson, a vacuum cleaner company, will slash approximately 1,000 positions in Britain as part of a global restructuring.
Dyson To Axe Around 1,000 Jobs In Britain
James Dyson, the inventor of the bagless cleaner, founded the company, which employs 3,500 people in Britain, including at its R&D facility in Malmesbury, West England.
On Tuesday, Chief Executive Hanno Kirner stated, “We have grown quickly and, like all companies, we review our global structures on a regular basis to ensure we are prepared for the future.” As a result, we are suggesting organizational modifications that may lead to redundancy.
Dyson To Axe Around 1,000 Jobs In Britain
“Dyson works in highly competitive global marketplaces where innovation and change are fast. We understand that we must always be entrepreneurial and adaptable – characteristics that Dyson has long valued.
SOURCE | AP
Electronics
Thousands Of People Are Waiting To Watch The GTA 6 Trailer 24 Hours Before Launch
GTA 6 ANNOUNCEMENT: Will the Grand Theft Auto 6 trailer smash viewing records? Given the huge interest even now, 24 hours before it’s scheduled to go live, it appears feasible.
Rockstar Games has released a video premiere for “Trailer 1” on YouTube, which includes a countdown to the game’s release on December 5 at 6 a.m. Pacific / 9 a.m. Eastern / 2 p.m. UK.
However, astute watchers observed the GTA 6 Trailer 1 length was released to expose a YouTube flaw. View the mobile video preview while unsubscribing from the Rockstar Games channel using the YouTube app’s search. Notice the “upcoming” tag on the bottom right; the runtime should appear over it.
There might be some spoilers ahead!
Tens Of Thousands Of People Are Already Waiting To Watch The GTA 6 Trailer
The GTA 6 Trailer 1 lasts one minute and 31 seconds. That should give you plenty of time to look at the game. We’ll even get a release date and platform information.
Surprisingly, tens of thousands have already lined up to watch Trailer 1. At the time of writing, about 24 hours before launch, 43,172 individuals were waiting to witness what could be the largest video game trailer of all time.
If you want to join in on the fun, roughly 2,000 people are watching IGN’s own GTA 6 trailer countdown and actively chatting right now.
When Rockstar announced a December release date for the GTA 6 trailer in November, it added, “We are very excited to let you know that in early December, we will release the first trailer for the next Grand Theft Auto.” We look forward to sharing these experiences with you all for many years.
“We have had the opportunity to create games we are truly passionate about thanks to the incredible support of our players worldwide — none of this would be possible without you, and we are so grateful to all of you for sharing this journey with us.”
Tens Of Thousands Of People Are Already Waiting To Watch The GTA 6 Trailer
“In 1998, Rockstar Games was founded on the idea that video games could come to be as essential to culture as any other form of entertainment, and we hope that we have created games you love in our efforts to be part of that evolution.”With anticipation at an all-time high, IGN reports that Rockstar appears to have revealed the GTA 6 Trailer 1 release date on a GTA Online T-shirt sold nearly a year ago.
GTA 6 has been rumored since the release of Grand Theft Auto 5 a little more than a decade ago. It was mentioned in passing in a 2020 Kotaku article on Rockstar’s efforts to combat crunch culture at the company, and it was confirmed in a press release in 2022, with the studio stating that development was “well underway.” Later that year, in-development footage from the game was leaked in a large breach, leading to the arrest of a British teenage hacker in connection with the crime.
Since early in 2023, when publisher Take-Two Interactive expected large financial gains in that fiscal year that would be difficult to achieve without the boost from the enormously profitable series, a release window between April 2024 and March 2025 has been speculated.
Tens Of Thousands Of People Are Already Waiting To Watch The GTA 6 Trailer
“GTA 6” is the next installment in the Grand Theft Auto series. Rockstar Games are developing it, and it is highly anticipated by gamers all around the world. The game is expected to have a large open environment, intense gameplay, and cutting-edge graphics.
While there are few specifics about the game, rumors say it will be set in a fictionalized depiction of a modern-day metropolis. “GTA 6” has garnered great enthusiasm and intrigue among fans and the gaming world as one of the most anticipated releases in the gaming industry.
SOURCE (IGN)
Electronics
The $7.9 Billion Lawsuit Against Sony For PlayStation Store Prices Doesn’t Make Sense
While that makes for a catchy headline, I’m left scratching my head, trying to figure out what a very expensive lawsuit against Sony for PlayStation Store prices is trying to show.
Sony was sued “on behalf” of 9 million customers in the United Kingdom who purchased games from the PlayStation store last year. A consumer advocate named Alex Neill has filed a lawsuit against Sony, claiming that the customers are entitled to $7.9 billion.
The assertion is similar to what we’ve heard recently from Epic in its struggle against Apple and Google’s app stores, which take a 30% share and don’t allow other retailers on their platforms. Almost the same thing is being said here. Sony charges developers and publishers a 30% share, claiming users have paid higher costs.
According to Sony, the complaint is “flawed from start to finish.” However, a recent development indicates that the case will not be dismissed, and Sony will have to confront the lawsuit.
The $7.9 Billion Lawsuit Against Sony For PlayStation Store Prices Doesn’t Make Sense
Last year, Alex Neill held a Reddit AMA in which all of the case’s glaring faults were exposed, resulting in non-stop roasting and few responses from Neill.
First, there is no proof that Sony’s 30% cut harms consumers, given that the cost is passed on to developers and publishers. This might make sense if Sony titles were 30% more expensive than competitors, but pricing parity throughout the industry, including with rivals like Xbox, demonstrates that this is different.
This may be viewed as a broader industry issue, but the company is singled out here. And anti-competitive rules have nothing to do with controlling how much Sony can take from publishers. Furthermore, it is ultimately up to the publishers to decide the pricing range for their games, which is why some titles are still $60 while others are now $70. Sony does not compel those prices.
We’ve also seen precedence for this, with Epic failing to obtain a verdict against Apple and its own 30% cut in the app store. And, according to industry standards, every company except Epic charges that 30% cut.
The $7.9 Billion Lawsuit Against Sony For PlayStation Store Prices Doesn’t Make Sense
And, with that reduced cut, Epic frequently has pricing that is equal to or the same as its competitors, with the cut being primarily an enticing point for publishers (this has had mixed effects, with the Epic Games Store still being profitable after several years).
Losing a $7.9 billion lawsuit would be a major setback for the company. That is more than double what it paid for Bungie and more than Microsoft paid for Bethesda. However, when it comes to the meat of this case, there is none. It consists of two slices of bread. Perhaps one slice.
The legal system and its understanding of the gaming sector can be unpredictable, but the litigation will proceed. However, in its current form, it is quite illogical.’
SOURCE – (forbes)
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