Facebook owner Meta gears up for mass job cuts November 7, 2022 Things seem to go from bad to worse for Meta, with the Facebook owner gearing up to announce mass layoffs this week. Sources told the Wall Street Journal that thousands of jobs are set to be culled, as the firm fends off the wider tech sell-off and slowing advertising spend. Meta declined to comment on [...]
Deutsche Bank to pay $75m to settle lawsuit by Jeffrey Epstein accusers May 18, 2023 Deutsche Bank has agreed to pay $75m to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. The accord resolves claims in a proposed class action in Manhattan federal court by Epstein’s accusers, and was confirmed by their [...]
Musk’s mischief sends shockwaves through crypto markets February 10, 2021 Elon Musk has disrupted the cryptocurrency world yet again with Doge tweet
Twitter: Musk wants new CEO by end of year, as he warns of AI regulation and insists there are no aliens February 15, 2023 Billionaire Elon Musk has said he anticipates finding a chief executive for Twitter “probably toward the end of this year”. Speaking via a video call to the World Government Summit in Dubai, Musk said making sure the platform can function remained the most important thing for him. “I think I need to stabilise the organisation [...]
Musk, Tesla, and SpaceX sued by Dogecoin investor over alleged “pyramid scheme” June 17, 2022 Elon Musk, Tesla, and SpaceX were hit by a $258bn (£210.2bn) lawsuit on Thursday by a Dogecoin investor accusing them of engaging in a “Crypto Pyramid Scheme (aka Ponzi scheme)” relating to the cryptocurrency. The complaint, filed in a Manhattan court, alleged that the world’s richest man and the two companies he runs, electric vehicle [...]
Tech’s boom or bust cycle will only whip up trust issues February 18, 2024 High levels of volatility are giving tech investors the ick, says Mike Maynard
Musk v Twitter: Legal battle looms after billionaire pulls out of £37bn takeover July 10, 2022 Elon Musk may be gearing up for a lengthy legal battle after Twitter said it would be suing the billionaire for backtracking on his $44bn (£37bn) takeover.Musk accused the platform of breaching the terms of the takeover agreement as well as making “false and misleading representations.” “Sometimes Twitter has ignored Mr Musk’s requests, sometimes it [...]
Crash landing in sea: British space firm’s Iceland rocket launch ends in failure October 13, 2022 A British space company’s attempted rocket launch off the coast of Iceland ended in failure, with the projectile travelling just 500 metres before crashing into the sea. Rival to Elon Musk’s SpaceX firm, Skyrora held an unannounced launch of its Suborbital Skylark L rocket today, ahead of a full UK launch from next year. The [...]
French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
Musk asks Twitter if he should sell 10 per cent of his Tesla stock, worth $21bn November 7, 2021 Celebrity entrepreneur and the world’s richest person Elon Musk has allowed his online followers to decide whether or not he will pay taxes. Yesterday the billionaire opened up a poll to his 62.5m Twitter followers and asked them to decide whether he should sell off ten per cent of his Tesla stock, a move that [...]