U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
"I think Twitter is very good, nice — not especially growing, but not pathetic at all because a lot of people use it, and it's got a good advertising business," Diller told CNBC in an interview Tuesday. "I don't think it connects to much else. So yes, it has big data. You can use the data, but all this noise of buying something not for what it does, but for what you think it can connect, I think, is mostly hogwash."
Twitter has been rumored to be for sale, according to multiple sources. Its data has been seen as one of its most valuable assets, because it can give companies insight into public opinion.
Sources told CNBC on Tuesday that Salesforce.com and Twitter are continuing talks. Analysts have cited IBM and Oracle, among other companies as potential buyers. The stock ended a three-day losing streak on Tuesday after Evercore and Deutsche Bank upgraded the shares and reiterated a buy rating, respectively.
Diller's comments came at Virtuous Circle 2016, in Menlo Park, California. The conference brings together internet business leaders and elected officials to talk about industry trends, policy and innovation. IAC is the parent company of such internet businesses as Match Group, Home Advisor and Vimeo, as well as websites like The Daily Beast and CollegeHumor. It also spun off Expedia into a separate business in 2005.