IHEARTMEDIA AND NETFLIX EXPAND VIDEO PODCAST DEAL WITH NEW SHOWS FROM MARTHA STEWART, KATE HUDSON, OLIVER HUDSON, AND LELE PONS. (PHOTO).

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   iHeartMedia and Netflix expand video podcast deal with new shows from Martha Stewart, Kate Hudson, Oliver Hudson, and Lele Pons  iHeartMedia and Netflix are expanding their video podcast partnership with a new slate of shows featuring Martha Stewart, Kate Hudson, Oliver Hudson, and Lele Pons, as the companies continue building out their shared podcast lineup on the streaming platform. Under the expanded agreement, select iHeartPodcasts will be adapted into video format for Netflix, including new episodes and portions of existing episode libraries. The rollout will take place over the coming months. The new additions include Suite 305 with Lele Pons, The Martha Stewart Podcast, and Sibling Revelry hosted by Kate Hudson and Oliver Hudson, which features conversations with sibling guests. The shows will join other iHeart titles already on Netflix’s video podcast slate. That lineup also includes programs such as The Breakfast Club, The Bobby Bones Show’s Bobbycast, and My ...
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ELON MUSK FACES CIVIL SECURITIES FRAUD SUIT OVER TWITTER PURCHASE AS HE EYES SPACEX IPO. (PHOTO).

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 Elon Musk faces civil securities fraud suit over Twitter purchase as he eyes SpaceX IPO 

Since acquiring Twitter for roughly $44 billion in late 2022, Elon Musk has renamed the platform X, merged it with his artificial intelligence company xAI, and integrated both into his defense and space company, SpaceX. Musk’s next major move could be taking SpaceX public in what would likely be a record-setting IPO, but first, he is confronting legal challenges from his past.

On Wednesday, Musk appeared in federal court in San Francisco to face allegations of civil securities fraud tied to his Twitter purchase. Investors filed a class action in October 2022, claiming Musk manipulated Twitter’s stock to pressure the board into selling at a lower price than initially promised. Musk’s legal team denies any intent to harm Twitter or its shareholders. During the hearing, Musk acknowledged that his tweets can affect stock prices, sometimes unpredictably, and described the market as “manic depressive.” A loss in court could require Musk to compensate former Twitter investors and influence related lawsuits. The SEC has also accused Musk of failing to disclose his Twitter stake in a timely manner, which he acquired before formally offering to purchase the company. Following his bid, Musk publicly criticized Twitter for bots and spam, and briefly threatened to halt the deal pending additional internal data, which contributed to the decline in Twitter’s stock and prompted some investors to sell at lower prices. Musk eventually settled a separate Twitter lawsuit in Delaware to complete the purchase, paving the way for the consolidation of X, xAI, and SpaceX, which is now valued at $1.25 trillion by private investors.


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