Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]
Twitter HQ in chaos as mass exodus of staff picks up after Musk sets ‘hardcore’ deadline November 18, 2022 After Twitter’s new owner Elon Musk gave workers a choice to pledge to “hardcore” work or resign with severance pay, the social platform is bleeding engineers. Some took to Twitter to announce they were signing off after Musk’s deadline to make the pledge. A number of employees took to a private forum outside of the [...]
Tesla may keep cutting prices in ‘turbulent times’, Musk says July 20, 2023 Tesla CEO Elon Musk signalled late Wednesday that he would cut prices again on electric vehicles in “turbulent times”, even as his all-out price war on automaker rivals squeezes the company’s own margins. The company has slashed prices several times in the United States, China and other markets since late last year, and increased discounts [...]
Older than darts star Luke Littler, 16: iPhone, Tesla, Casino Royale and James Blunt hit January 2, 2024 If teenage darts sensation Luke Littler hasn’t already made you feel useless about not following through with your New Year’s resolutions, finding out just how young he is in comparison to the world might. Yes, we know he’s 16 and just a month away from earning himself a couple of driving lessons, but the PDC [...]
Neurodiversity isn’t an obstacle in business, it’s an intrinsic driver of success March 23, 2024 Awareness around neurodiversity is improving, but the narrative of it as an obstacle to rather than driver of success needs to change.
A recession will test the firms which used diversity plans merely as a way to look good September 1, 2022 During periods of hypergrowth, it’s easy for companies to make hires that “look good”.
‘Friday 13th horror show’: Musk’s announcement that his Twitter buyout is on hold sends stock plummeting by 20 per cent May 13, 2022 Elon Musk’s decision to put his $44bn takeover of Twitter on hold has sent the social media giant’s stock plummeting by almost 20 per cent. The billionaire Tesla owner took to Twitter this morning announcing the deal was off, citing concerns over the amount of fake users. He wrote: “Twitter deal temporarily on hold pending [...]
Inmarsat president: Governments must solve space junk to reach net zero October 27, 2022 British satellite giant Inmarsat has a message to governments worldwide: “Make sure space is still available to all” or risk losing out on significant CO2 reduction benefits. With the likes of Elon Musk ramping up activity in space, it has been warned that an average of one tonne of ‘stuff’ could be launched into orbit [...]
The City View: Consumer confidence dips, and the Treasury aims high April 4, 2022 Today Andy Silvester chats to City A.M. reporters Jack Barnett and Lily Russell-Jones. Jack takes us through the latest consumer confidence data from PWC, as the numbers show the sharpest rate of decline since the financial crisis in 2008, and asks whether this will translate to the job market. Lily discusses Rishi Sunak’s plans to [...]
Explainer-in-brief: A mass exodus or sticking around for Twitter anarchy? April 27, 2022 Elon Musk has officially bought Twitter – or as some put it, free speech – for USD$44bn. Not everyone is happy: several high-profile users have promised they will leave the platform, worrying that with no checks in place it will become a place rife with hate, misogyny and offensive content. Because it’s currently such a [...]