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City AM
City AM
By Sascha O’Sullivan Elon Musk essentially gambled $44bn on Twitter. So far, it hasn’t been the failure many envisage, but it has put him at risk of enormous reputational damage. Meanwhile, Mark Zuckerberg admitted his investment into the metaverse had put Meta in the black, and across FAANG, there have been reams of laid off employees. It was also the year of the Online Safety Bill, and in the EU the Digital Markets Act put tech giants on a collision course with European regulators. Here’s some of our best analysis and opinion on the ins and outs of the bizarre world of tech billionaires and …
