Four Tesla directors to leave company in board streamlining April 20, 2019 Tesla has announced that four of the eleven members on its board will be leaving the company over the next two years in a move to increase efficiency. In a regulatory filing, the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings [...]
The future looks bright for university graduates May 21, 2019 This month, university students across the country are being tested on their chosen field of study. As if the exam season weren’t stressful enough, final-year students also have to deal with acute cases of so-called employability anxiety. This generation is already described as the “most anxious in history”, so adding extra stress makes for a [...]
Car alarm: Half of UK consumers fear driverless vehicles September 2, 2019 Almost half of UK consumers are worried about the dangers posed by driverless cars, a new survey has revealed. Roughly 43 per cent of adults surveyed said they were concerned about the problems that may arise from autonomous vehicles, as car manufacturers race to develop the new technology. Read more: Former Uber driverless guru charged [...]
Amazon founder Jeff Bezos unveils plans to send a Blue Origin rocket to the moon by 2024 May 10, 2019 Amazon owner Jeff Bezos has unveiled plans to send a spaceship to the moon by 2024 in his latest attempts to become a leader in space exploration. An unmanned rocked, called Blue Moon, will be around the size of a house, and carry four rovers and other scientific equipment to the moon, he said. Bezos, who [...]
Wework lost $700m in first half, pre-IPO filing shows August 14, 2019 Wework lost nearly $700m (£580m) in the first half of the financial year, even as revenue doubled, the company announced in its first detailed financial results yesterday. The company, the listing of which next month is expected to value the business in the tens of billions, said it has no plans to start paying dividends [...]
Thomas Cook holds preliminary talks with suitors about potential takeover April 20, 2019 Thomas Cook has sparked the interest of a number of potential bidders as the company's lenders prepare to discuss its financial state. Several parties have made enquiries about taking over the company's tour operating business, or the entire company, according to Sky News. Read more: Uber's self-driving unit raises $1bn ahead of IPO Currently talks are at [...]
Spotify finance boss behind streaming giant’s direct listing steps down October 28, 2019 The Spotify finance director who masterminded the streaming giant’s unorthodox stock market float is stepping down from the company. Chief financial officer Barry McCarthy will retire in January and will be replaced by Paul Vogel, who is currently the firm’s head of investor relations. Read more: Spotify fails to hit the right note as subscriber [...]
Uber appoints Amazon guruJamie Heywood as regional manager of northern and eastern Europe May 14, 2018 Uber has poached Amazon’s director of electronics as its new regional general manager for northern and eastern Europe as the management shakeups continue. Jamie Heywood will join Uber next month to take on the role that covers its operations in more than 70 cities and 12 countries, including the UK. The role was previously held [...]
FOMO Driving Lyft Valuation March 8, 2019 Fear of missing out – FOMO – in financial markets is a powerful emotion. It can propel a bull market to record highs as investors watch stocks rise and want a piece of the action. It’s panic buying to a degree. And it’s just such a phenomenon that is behind investor appetite for stocks like [...]
Just Eat shares fall after Amazon leads $575m investment round in rival Deliveroo May 17, 2019 Just Eat shares fell eight per cent this morning after Amazon led a $575m (£450m) investment round in rival Deliveroo. Read more: Deliveroo to 'invest heavily' in London tech with Amazon's £450m Just Eat's shares dropped 8.3 per cent to 621p in early trading after the fund raising. Analysts at Peel Hunt said that the Amazon [...]