Tesla posts record profits as Elon Musk stands to gain $23bn windfall April 21, 2022 Tesla has seemingly won the hearts of drivers looking to go green, as rising prices has stopped short of putting off consumers from making the leap. Elon Musk’s electric vehicle (EV) company enjoyed record profits of $3.3bn (£2.5bn) in the first thee months of the year, despite inflationary headwinds. In its first quarter update published [...]
Netflix fall a sign investors are looking again for fundamentals April 20, 2022 When the electric carmaker Rivian listed on Wall Street last year, it was briefly valued at more than Anheuser-Busch. The latter, most famously, produces Budweiser; a beer that sells in great quantities for more than it costs to produce. It is a functioning, well understood business, and despite the best efforts of governments we remain [...]
Long-read: Has the twit hit the fan? April 20, 2022 THE HOT topic in tech over the past week or so has been Elon Musk’s hostile $43bn bid for Twitter, which set off a firestorm of, well, tweets.Some claimed Elon Musk was riding to the rescue of free speech, others that his success would mark another step towards the breakdown of democracy. In all this [...]
Elon Musk blames ‘woke mind virus’ for making Netflix ‘unwatchable’ April 20, 2022 Elon Musk has slammed Netflix as "unwatchable" after shares tumbled by more than a third on news subscribers are jumping ship.
Muslim dating app Muzmatch loses trademark battle with Tinder owner April 20, 2022 The firm behind Tinder and Hinge has won a court battle with a British dating app for Muslims Muzmatch after it was accused of copying its product.
Vaccine manufacturer Oxford Biomedica warns of Covid-19 cliff edge April 20, 2022 Oxford Biomedica, which helped manufacture the AstraZeneca Covid-19 vaccine, has enjoyed a revenue boost of more than 60 per cent, thanks to its frontline position in tackling the pandemic. The London-listed cell and gene therapy group pulled in £142.8m in the year to 31 December, up from £87.7m in 2020. However, the firm has warned [...]
Former eBay exec set to plead guilty after cyberstalking campaign April 20, 2022 A former eBay executive plans to plead guilty to federal charges that he planned a cyberstalking campaign that targeted a couple whose online newsletter EcommerceBytes made digs at eBay.
Netflix shares tumble as streaming giant loses 200k subscribers April 20, 2022 Netflix reported a loss in subscribers for the first time, down 200,000 subscribers, citing inflation, emerging competition from the likes of Disney+ and Amazon, as well as the Ukraine war as contributing factors.
Twitter for sale? Private equity giant Apollo joins bid for social media firm April 19, 2022 Private equity powerhouse Apollo is participating in a bid for Twitter as the hostile takeover by Elon Musk lingers on.
Deliveroo bosses face prison sentences following worker status abuse April 19, 2022 Two former Deliveroo bosses were handed suspended one-year prison sentences by a French court this morning after abusing the freelance status of riders working for the takeaway delivery firm. They were also fined €30,000, with the company receiving the maximum penalty of €375,000. A Deliveroo spokesperson said that whilst it “categorically rejects this judgement”, they [...]
