sales figures

Elon Musk meets Speaker of the House Kevin McCarthy and Hakeem Jeffries

CNN — Elon Musk, CEO of Twitter and Tesla, with House Speaker Kevin McCarthy and Democratic Leader Hakeem Jeffries at the US Capitol in Washington on Thursday evening. McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say, “He came for my birthday.” The California Republican turned 58 on …

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Bill Gates backs a startup that tackles cow burps and farts

CNN — Turns out burping can be a big deal. Billionaire Bill Gates has announced an investment in Australian start-up Rumin8, which is developing a seaweed-based feed to reduce methane emissions that cows produce through their burps and, to a lesser extent, their farts. Methane is a powerful greenhouse gas. Although it has a shorter …

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Elon Musk returns to the helm in class action lawsuit over controversial tweet

washington d.c. CNN — Tesla CEO Elon Musk took the witness stand for a second day on Monday and tried to explain the thought process behind his controversial 2018 “funding secured” tweet, pushing back against the idea that it was partly a joke. Musk, Tesla and the company chiefs are facing a shareholder lawsuit over …

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Here are the companies that have laid off employees this year

New York CNN — Just this week, Alphabet, the parent company of Google, Microsoft (MSFT) and Vox Media announced layoffs that affect more than 22,000 workers. Their moves follow job cuts earlier this month at Amazon, Goldman Sachs and Salesforce. More companies are expected to follow suit as companies that have been hiring aggressively over …

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FTC asks federal court to hold ‘pharmaceutical brother’ Martin Shkreli in contempt

Washington CNN — The Federal Trade Commission on Friday asked a federal court to hold “Pharma Bro” Martin Shkreli in contempt after Shkreli allegedly flouted a recent FTC investigation into his business dealings and failed to make the $64.6 million payment. of dollars he owed for his past wrongdoings. The FTC’s contempt motion follows what …

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Netflix founder Reed Hastings steps down as co-CEO

New York CNN — Netflix announced on Thursday that its founder Reed Hastings is stepping down as co-CEO of the company and will become executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in …

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Jack Ma relinquishes control of the Ant group

CNN — Chinese billionaire Jack Ma will no longer control Ant Group after the fintech giant’s shareholders agreed to reshape its shareholding structure, according to a statement released by the company on Saturday. After the adjustment, Ma’s voting rights will drop to 6.2%, according to the statement and CNN’s calculations. Prior to the restructuring, Ma …

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FTX founder Sam Bankman-Fried arrives in court to face charges

New York CNN — Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, has arrived in federal court in Manhattan where he is expected to appear to face charges that include defrauding investors out of billions of dollars. . Authorities have accused Bankman-Fried of stealing funds from FTX clients to cover loans taken out …

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Tom Zhu: China boss is now Tesla’s most prominent executive after Elon Musk

hong kong Reuters — Tesla Inc’s Chinese chief Tom Zhu has been promoted to take charge of the electric car maker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal report lines publication. reviewed by Reuters. The Tesla (TSLA) publication showed that Zhu’s title of vice president …

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