Multi-billionaire Elon Musk is no longer the richest person in the world after he sold another 22 million shares, worth $3.6bn in his electric car maker Tesla.
This would be Estée Lauder's largest acquisition to date. Estée Lauder believes the acquisition would "unlock new opportunities", whilst Ford said this is the ideal home for his brand. He will remain in his current position as Creative Director until at least 2023, the two companies announced. American designer Tom Ford, who started his brand […]
"We thank you for being a part of our story, and hope to meet again", says the Made website, after the company announced its closure. Although Made struggled to secure a buyer, Next agreed to buy its brand name, website and intellectual property for £3.4m. However, it is not going to buy the remaining stock. […]
Following the official $44bn takeover of Twitter, Musk said the move was "essential to defeat spam/scam". Currently, the blue tick symbol which appears next to a user's name is free. It is received after a short online application form and is reserved for high-profile users like celebrities and politicians. "Power to the people! Blue for […]
Alphabet, Google’s holding company and Microsoft have seen a sharp drop in profits over the three-month period. Alphabet announced a sale increase of just 6%, to $69bn – marking the company’s weakest quarterly growth in nearly 10 years apart from the start of the pandemic. Meanwhile, Microsoft said demand for its computers and other technology […]
This comes after his Instagram and Twitter accounts were banned last week for the anti-Semitic messages he posted on the platforms. Parler is known as a free-speech platform, alternative to mainstream social media channels. Its users are predominantly US conservatives. The CEO of the company George Farmer has said that Ye "will never have to fear […]
"Earth is now our only shareholder", now states the website of Patagonia. "I never wanted to be a businessman," said the billionaire founder of the company. "I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. As we began to witness the extent of global warming and ecological […]
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