Why Scottish Mortgage trust is selling Nvidia June 5, 2024 Scottish Mortgage, the second largest investment trust in the UK, has warned that though the future for AI is bright, companies like Nvidia might not carry on bringing in the record gains that they have managed over recent months. While Scottish Mortgage is on board with the vision of an AI future, deputy manager Lawrence [...]
Fast fashion retailer Shein hits $100bn valuation with fresh funding round April 6, 2022 Fast-fashion giant Shein has hit a $100bn valuation this week after a fresh funding round, making it the third most valuable startup in the world after Elon Musk’s SpaceX and ByteDance.
Seraphim: Investment deals take off as UK ranks third globally July 17, 2023 Seraphim Space has reported that overall startup activity and later-stage funding within the space tech industry are at higher levels than ever before, according to its half year investment index published today. Globally, the UK ranks as having the third-highest number of space deals in the past 12 months at 39, trailing behind the US [...]
‘Delete Twitter’ searches soar by 204 per cent as app crashing and Musk deal falters July 15, 2022 Searches for “Delete Twitter” surged by 204 per cent after the app crashed and Elon Musk pulled out of his $44bn (£37.2bn) bid to buy the social media platform. Searches to delete Twitter rose to more than double the average amount after users were unable to load any content on the app yesterday, research by [...]
World’s richest people revealed as top 20 add $700bn to their wealth April 2, 2024 The world's 20 richest people have added around $700bn to their combined wealth over the last year, according to Forbes latest rich list.
Twitter blames Musk for declining revenue July 22, 2022 Twitter has blamed Elon Musk for its revenue decline in the second quarter as the social media firm feels the strain of failed takeover talks. Revenue dropped one per cent year-over-year to $1.18bn, falling short of the projected $1.32bn. While the social media titan blamed the challenging macroeconomic environment for the revenue dip, it also [...]
Twitter boss ‘confident’ about percentage of spam accounts following Musk’s concerns May 16, 2022 Twitter’s boss Parag Agrawal responded to Elon Musk’s concerns saying he was confident that only 5 per cent of accounts on the social media are spam. “We are strongly incentivised to detect and remove as much spam as we possibly can, every single day,” Agrawal tweeted today. “Anyone who suggests otherwise is just wrong.” The [...]
Musk should quit as Twitter head according to poll he ‘will abide by’ December 19, 2022 Elon Musk may quit as the head of Twitter after running a poll which he said he “will abide by”, with 57 per cent saying, go. The Tesla boss’ straw poll has already had more than 15m votes online, with almost 60 per cent pf people saying he should quit. He took to Twitter on [...]
Musk verification, laughing gas, webcam gaffes, ChatGPT and cyber crime pay: Here’s your week in tweets! March 31, 2023 The markets quietened this week, with European banking stocks recovering the losses they had posted in the week after Credit Suisse’s shotgun marriage with UBS. But the internet never sleeps and the news rumbles on, so City A.M. have sorted through cyberspace to bring you the best of what you might have missed. 1. Elon [...]
Explainer-in-brief: Is Twitter really a dead man walking? November 21, 2022 When Elon Musk bought Twitter, many worried for the consequences on vulnerable users or those more likely to suffer abuse online, as Musk portrayed himself as a freedom of speech absolutist. But now that he’s taken ownership, the problem might be simpler: it’s not clear whether he has the acumen to keep the ship afloat. [...]