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WSJ Tech News Briefing

TNB Tech Minute: X to Pay About $10 Million to Settle Trump Lawsuit

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 12 February 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, SoftBank reports a quarterly loss. And Baidu is in talks to operate robotaxis in U.A.E. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your TNB Tech Minute for Wednesday, February 12th. I'm Julie

0:35.5

Chang for the Wall Street Journal.

0:43.2

Elon Musk's Platform X has agreed to pay about $10 million to settle a lawsuit that Donald Trump brought against the company and its former CEO. The agreement makes X the second social

0:48.1

media platform to settle litigation that Trump filed when the company's deep platformed him

0:52.6

over his role in the January 6th riot

0:54.9

at the U.S. Capitol. A spokesman for X didn't respond to requests for comment. All the parties involved

1:00.5

last week filed a motion to dismiss the appeal. It was granted on Monday. SoftBank reported a quarterly

1:07.1

loss partly due to the weakness in its technology funds business.

1:15.0

The Japanese technology investment company said today that it booked a net loss for the three months ended in December, roughly $2.42 billion.

1:18.9

That's compared to a net profit of about $6.15 billion in the year earlier period.

1:24.5

This comes at a time when SoftBank announced a joint venture with OpenEI and

1:28.1

Oracle called Stargate, aiming to invest up to $500 billion in artificial intelligence

1:33.1

infrastructure in the U.S. SoftBank said that Stargate will be funded primarily through

1:37.6

project finance and that equity investment will be limited. And Chinese internet company Baidu

1:43.5

is in talks with authorities in the United Arab

1:46.0

Emirates to bring robotaxies there. That's according to people familiar with the matter.

...

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