Musk’s Twitter takeover and the FTX collapse should end the founder cult November 22, 2022 Few would disagree that entrepreneurs and the companies they create are an essential part of any successful economy. Nevertheless, today’s excessive levels of founder adulation – call it the cult of the founder – are proving damaging in ways that are plain to see, from Elon Musk’s takeover of Twitter and the spectacular collapse of [...]
Tesla under fire after two senators raise concerns over driving system February 8, 2022 Another turbulent day at Tesla, as two US senators have expressed “significant concerns” over the electric vehicle (EV) giant’s ‘autopilot’ and ‘full self-driving systems’. “We are deeply troubled by Tesla’s design choices that seemingly encourage unsafe driving habits,” Democratic senators Richard Blumenthal and Ed Markey wrote in a letter to the Austin-based company. “These complaints and [...]
Trials and tribulations: SpaceX loses majority of satellites one day post-launch February 9, 2022 SpaceX is expected to lose up to 40 satellites, due to a geomagnetic storm in space that hit just one day after they launched. After sending off 49 Starlink satellites on Thursday via its Falcon 9, Elon Musk’s space venture has confirmed that it will suffer a major loss as a result of the storm [...]
Elon Musk just released an EDM track on Soundcloud January 31, 2020 Elon Musk has never been afraid of exploring new territory and has today released his first electronic dance music (EDM) track The Tesla boss has titled the song “Don’t Doubt Ur Vibe” and changed his Twitter handle to E “D” M. Musk shared a teaser of himself in the studio before releasing the track shortly [...]
One Fifth Of UK Workers Are Using AI, Without Telling The Boss July 13, 2023 Generative AI developments are moving faster than most of us can keep up with. Recent data from the Office for National Statistics’ (ONS) Opinions and Lifestyle Survey (OPN) has found that public awareness of AI has increased over the past year, with 72% of adults now able to give at least a partial explanation of [...]
The Notebook: Neil Bennett on Thames Water’s future, Iceland’s remarkable recovery and Twitter’s new rival July 5, 2023 The Notebook is where interesting people say interesting things. Today it’s Neil Bennett, global co-chief executive of advisory firm H/Advisors Where next for Thames Water? However big and powerful they appear, businesses are in reality fragile creatures. Many thousands of them fail every year for all sorts of reasons, and today’s behemoth is tomorrow’s insolvency [...]
Twitter takes ‘poison pill’ as board battles to thwart Musk takeover April 16, 2022 Twitter has adopted a ‘poison pill’ tactic in order to obstruct Elon Musk’s plans to take over the social media company. Twitter’s board unanimously approved a limited-duration shareholder rights plan on Friday. The so-called ‘poison pill’ would allow existing shareholders to buy stocks at a substantial discount to dilute the holdings of new investors. In [...]
The Notebook: Victoria Scholar on inflation, Ocado’s woes, and why Ted Lasso is a blessed relief March 28, 2023 The Bank of England governor Andrew Bailey has warned firms against rising prices to offset inflation. He told the BBC, “please understand if we get inflation embedded, interest rates will have to go up further and higher inflation really benefits nobody.” The latest UK inflation rate for February surprised economists by picking up again to [...]
Global supply of electric car batteries could be shifting East to West, say analysts April 26, 2022 The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say analysts, as production grinds to a halt in Asia. China’s most recent Covid-19 lockdowns have ‘chipped away’ at the country’s dominance in the battery market, analysts at independent energy researcher Rystad Energy, Susan Zou and Abhishek Murali, explained. Businesses have [...]
Elon Musk tweets that Tesla stock price is ‘too high’ as he rails against lockdown again May 1, 2020 Outspoken Tesla chief executive Elon Musk has said Tesla stock is “too high” and called once again for the end of lockdown measures. The Tesla boss has come under fire for tweeting about the company’s stock in the past. In 2018, he was sued by the SEC after it argued Musk had made false statements [...]