Bloomberg Tech

Twitter said it has taken action to restrict access to some content in Turkey ahead of presidential and parliamentary elections on Sunday.

A former executive at TikTok parent ByteDance Inc. who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data, a backdoor channel that he said persisted even after US user data was walled off from individual engineers in China.

The US Transportation Department said it had been hit by a data breach involving its administrative systems.

South Korea and the United Kingdom agreed to bolster economic security cooperation and to fortify critical supply chains, amid the US-led initiative to diversify the global supply chain away from China.

George Soros’s investment firm cut holdings in electric-vehicle makers, slashing a stake in Rivian Automotive Inc. after a 90% share decline and eliminating an investment in Tesla Inc.

Spotify Technology SA plans to vacate five of its floors at Manhattan’s 4 World Trade Center by the end of the year and will seek to sublease them, according to people familiar with the decision.

Oracle Corp. founder Larry Ellison won a pension fund lawsuit over the company’s 2016 acquisition of rival software maker NetSuite Inc., as a judge ruled that the transaction was negotiated at arm’s length by a “fully-empowered special committee.”

Twitter’s next leader is a well-connected media executive whose deep ties to Madison Avenue could help lure advertisers back to the platform at a critical time.