Jack Dorsey currently serves as chief executive of both Twitter and digital payments company Square. Twitter stakeholder Elliott Management had sought to take on Dorsey's role in 2020 prior to the investment firm reaching a deal with Twitter's management. At the time, billionaire investor and Elliott Management founder Paul Singer had questioned whether or not […]
According to an email obtained by CNBC, on Friday, Tesla CEO Elon Musk urged staff to reduce the cost of customer deliveries, rather than rushing orders out to hit the company’s end of quarter sales goals. The email comes amid ongoing rising shipping costs. 2021 has seen Tesla struggle to deliver new vehicles to customers […]
Liftoff is scheduled for 9:30 am CT on December 9 from Blue Origin’s launch facilities in Texas. Strahan and Laura Shepard Churchley, daughter of first American astronaut Alan Shepard, will be joined by investors Evan Dick, Dylan Taylor, Lane Bess, and Bess’ son Cameron Bess. Blue Origin has called Strahan and Shepard Churchley its “honorary […]
The Tesla CEO made the sales after exercising options to buy 2.15 million shares, according to filings with the Securities and Exchange Commission. Since November 8, Musk has sold around 9.2 million shares worth approximately $9.85 billion. The flurry of sales follows Musks’s Twitter poll in which he asked his followers whether or not he […]
Rolls-Royce’s all-electric aircraft, the “Spirit of Innovation”, has recently hit a record-breaking top speed of 387.4 mph on a series of runs at the UK Ministry of Defence’s Boscombe Down testing site in Wiltshire, UK. Rolls-Royce claims that this makes the Spirit of Innovation the fastest EV in the world, with the figures since submitted […]
Ken Griffin, CEO and founder of Citadel, has revealed himself as the winner of a $43.2 million auction for a rare copy of the US Constitution after outbidding crypto group ConstitutionDAO. ConstitutionDAO had managed to raise approximately $47 million in a week in a visionary attempt to win the rare document and put it on […]
Australian winemaker Penfolds has teamed up with BlockBar, a leading non-fungible token (NFT) marketplace for luxury beverages, to sell an NFT tied to a rare barrel of vintage wine. The digital token corresponds to a limited-edition barrel of wine made from vintage 2021, which is currently maturing. From the customers who sign up for the […]
Bertelli told an analyst presentation in Milan that he says three years because of his age, though insists he’s not anxious about it. He says he believes his son has “the right attitude” for the job, but “it will be up to him to decide” when to take over. Lorenzo, who currently stands as the […]
According to an announcement on Tuesday, which came just days after the end of the COP26 summit, a new Natrium nuclear power plant will be built in Kemmerer, Wyoming. It will replace a coal-fired plant that is set to shut its doors in 2025. “People across Wyoming welcomed us into their communities over the past […]
On Monday, investment firm Paradigm announced it was launching a $2.5 billion venture-capital fund. Paradigm was founded in 2018 by billionaire Coinbase co-founder Fred Ehrsam and Matt Huang who previously worked as a partner at Sequoia Capital. Paradigm’s new fund will be aimed at the “next generation of crypto companies and protocols” and will be […]
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