Topline Tesla CEO Elon Musk wants to lay off around 10% of Tesla’s workforce due to his concerns about the state of the global economy, Reuters reported on Friday citing an internal email sent to company executives, a move that could see thousands of workers at the electric car maker lose their jobs amid growing… […]
Digital asset management (DAM) software company PhotoShelter announced today that it acquired UK-based DAM provider Third Light. PhotoShelter lists over 1,300 clients, including enterprises, brands, sports leagues and universities.Third Light boasts more than 300 global clients. The deal adds Third Light’s flagship application, Chorus, to PhotoShelter’s offerings.These Third Light customers will have access to PhotoShelter’s… […]
Topline Tesla shares plummeted Tuesday after CEO Elon Musk reportedly told executives he needed to scale back hiring and cut jobs due to growing concerns over the economy, adding to worries about the electric-vehicle maker that have spurred staggering losses for its shares this year. Experts have warned recession fears are likely overblown, but Musk… […]
Elon Musk is being praised by a Kremlin spokesperson after raising the ire of top officials in Ukraine with his Twitter poll on the escalating conflict. The tempest started when the Tesla CEO proposed a “peace” plan for the war in Ukraine that consisted of four suggestions, including that Crimea—which was invaded by Russia in… […]
GENEVA, May 11 (Reuters) – The number of internally displaced people (IDPs) reached a record 71.1 million worldwide last year due to conflicts such as the war in Ukraine and climate calamities like the monsoon floods in Pakistan, according to data published on Thursday.The Geneva-based Internal Displacement Monitoring Centre (IDMC) said that figure represented a… […]
May 13 (Reuters) – Squishmallows joined Warren Buffett’s business empire two years after Lady Gaga, Kim Kardashian and others helped make the plush stuffed toys a viral sensation on TikTok.For Judd and Laura Zebersky, whose company Jazwares makes the toys, the success of Squishmallows is hardly what they imagined when they met 33 years ago… […]
[1/3] The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File PhotoAdani Enterprise board approves raising up to $1.53 blnAdani Transmission to raise up to $1 blnFund raise through equity sale via QIP, other modesNEW DELHI, May 13 (Reuters)… […]
NEW DELHI, May 13 (Reuters) – Indian billionaire Mukesh Ambani’s streaming platform JioCinema announced premium pricing of 999 Indian rupees ($12) a year, its first step to move away from a free content model to fight global rivals such as Netflix and Disney in the country.The move comes weeks after a Reliance’s Viacom18 struck a… […]
May 12 (Reuters) – Luminar Technologies (LAZR.O) CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integrated Whale Media Investments (IWM) said in a statement on Friday.The automotive tech billionaire has agreed to acquire 82% of… […]
Securities and Exchange Commission Chair Gary Gensler got what he wanted on Monday. The media lapped up news of his agency slapping Kim Kardashian with a $1.26 million fine for promoting a cryptocurrency on Instagram. It was the top story of the day in the business and tech press, and that’s no surprise since Gensler… […]
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