Softbank suffers £380m writedown in Oneweb stake August 18, 2019 Softbank is said to have written down its stake in Oneweb by £380m as the British satellite company contends with the sky-high costs of its planned launches. Oneweb has burned through billions of pounds as it looks to create a network of satellites providing high-speed broadband across the globe. Read more: Oneweb lands $1.25bn in [...]
Twitter chief executive Jack Dorsey receives annual salary of $1.40 for 2018 April 9, 2019 Twitter co-founder Jack Dorsey was paid a salary last year for the first time since he was appointed as chief executive of the social media giant in 2015. Dorsey was paid $1.40 in 2018, likely alluding to Twitter’s former 140 character limit, joining the ranks of other tech billionaires such as Facebook founder Mark Zuckerberg [...]
Tesla revenues fall short of expectations despite record cars built July 24, 2019 Electric car company Tesla posted second-quarter revenue below analysts’ expectations, pushing its shares down 10 per cent to $239.24 in after-hours trading. Read more: Tesla shares rally as firm makes record number of deliveries Total revenues climbed to $6.35bn (£5.09bn) from $4bn a year earlier, but this was below the $6.41bn expected by analysts. Yet [...]
Space X launches unmanned crew capsule to International Space Station in step forward for sending humans into orbit March 2, 2019 Elon Musk’s Space X on Saturday took a giant leap forward in its quest to resume human space flight from US soil, launching a rocket with an unmanned crew capsule towards the International Space Station. Space X’s 4.9 metre tall Crew Dragon capsule, on a Falcon 9 rocket, lifted off from the Kennedy Space Center [...]
The last mile is critical to mass adoption and inclusion. May 26, 2020 Global technology infrastructure projects providing the vital backbones for the modern world critically must have compatible last mile solutions in order for mass adoption of new tech to take place leading to mass inclusion – crypto and blockchain are no exception. Price Watch Bitcoin (BTC) has retreated somewhat from testing US$10,000 having had a pretty [...]
The Beano’s message for brands: Think more ‘kid’ October 1, 2019 Once the epicentre of hacks, liquid lunches, and anonymous sources, Fleet Street now finds itself home to international Emmy-nominated content makers, creatives, and digital gurus. In fact, Beano’s London HQ has been based in Fleet Street since 2016. As well as taking the famous (and infamous) Dennis and Gnasher global in our new animation – [...]
Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]
With rail closures planned this weekend, here’s how we should revamp our chugging transport system May 24, 2019 This week, consumer watchdog Which revealed that rail passengers lost four million hours to train delays last year, with an average of 660 cancellations per day. It’s hardly surprising. Any regular commuter will have experienced a delay, cancellation or disruption recently – perhaps you’re experiencing one right now, in fact. Read more: Nearly 4m hours [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]
Elon Musk’s Tesla has temporarily stopped Model 3 production as it aims to tackle bottlenecks April 17, 2018 Elon Musk’s Tesla has pressed the pause button on its Model 3 assembly line for a brief period. The firm said the planned stoppages are used to “improve automation and systematically address bottlenecks in order to increase production rates”. Tesla is under pressure to meet targets amid what Musk has dubbed “production hell”. The car [...]