Business
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Tesla lays off more than 10% of its workforce
Tesla will lay off more than 10% of its global electric vehicle workforce.
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Steven Mnuchin wants to buy TikTok without the one thing that makes it so valuable: the algorithm
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- Former Treasury Secretary Steven Mnuchin said he wanted to buy TikTok.
- Part of his plan involves scrapping the original algorithm and rebuilding the app.
- That's really hard to do, critics say.
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By Editors Desk -
Latest Business
Ryan Reynolds fairytale now a $17m mess
Fans knew Hollywood star Ryan Reynolds was losing a “tonne of money” — but the latest figures show it has got a lot worse.
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‘ALL AN ACT’: Judge rips into corrupt crypto king sent down for 25 years
Sam Bankman-Fried, who built a crypto empire worth billions, will spend 25 years behind bars after the company he ran unravelled with $12 billion of its customers’ cash.
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FTX Founder Sam Bankman-Fried Sentenced to 25 Years
In addition to the prison sentence, Kaplan also ordered a forfeiture of $11.2 billion.
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A Pivot to China Saved Elon Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
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Here’s how Elon Musk became “kind of pro-China.”
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
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Trump social media company Truth Social surges in Nasdaq debut
Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president.
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Donald Trump's Truth Social set to begin trading as DJT Tuesday
Former President Donald Trump's Truth Social to go public after merger
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Boeing CEO quits after horror jet accidents
After a string of safety failures including a door blowing open mid flight on a 737 Max, the boss of Boeing has fallen on his sword.
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The rise and fall of Sam Bankman-Fried: an unrepentant ex-mogul faces down decades in prison
The former CEO of FTX, once a king of cryptocurrency, saw a swift reversal of his fortunes starting in November 2022
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Trump Media merger wins investor approval, netting Trump potential windfall
Trump will own about 60 percent of the Truth Social owner, which at its current share price would be worth about $3 billion. A lockup agreement will block him from selling the shares for six months.
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Aston Martin poaches Bentley CEO in new shake up
London (AFP) – British luxury car brand Aston Martin Lagonda on Friday said Adrian Hallmark would become its chief executive, poaching him from German-owned peer Bentley where he has stepped down as CEO
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Selena Gomez’s $3 billion beauty move
The singer is reportedly looking to cash in on the beauty empire she founded in 2020.
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Steven Mnuchin putting together investor group to buy TikTok
Ex-treasury secretary tells CNBC of plans a day after US House passes bill giving app’s owner six months to divest or face US ban
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‘Ripple effect’: Fears for TikTok ban
Digital experts and homegrown influencers have revealed why TikTok-reliant Aussies won’t ride out a potential US ban scot-free.
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Aiming for $6.4B valuation, Reddit is going public. Here's what to expect
Company aiming for $6.4 billion US valuation when it launches its IPO this month
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