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Business / August 6, 2022 / Greatquotes / 0
Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed
Business / August 6, 2022 / Greatquotes / 0
Brand new Tesla cars sit in a parking lot at a Tesla showroom on June 27, 2022 in Corte Madera, California. Justin Sullivan | Getty Images News | Getty Images The California Department of Motor Vehicles has accused Tesla of engaging in deceptive practices around the marketing of its driver assistance systems, which are branded
Business / August 5, 2022 / Greatquotes / 0
The Twitter-Elon Musk saga continued this week, as the two parties traded barbs in legal filings ahead of a five-day trial that’s scheduled to start Oct. 17. Newly released legal documents from lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing false
Business / August 4, 2022 / Greatquotes / 0
DOVER, Del. — Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday. Attorneys for Musk wanted to file a public version of their answer and counterclaims in
Business / August 3, 2022 / Greatquotes / 0
Tech led the summer rally, and it needs to keep up the momentum if the market is going to continue higher into September, strategists say. The S&P technology sector scored a roughly 13.5% gain in July. Those stocks are represented in the Technology Select Sector SPDR fund , which was down about 0.6% in the
Business / August 2, 2022 / Greatquotes / 0
MicroStrategy’s Michael Saylor is leaving his role as CEO to become Executive Chairman of the company, according to a statement released by the company on Tuesday afternoon. The company’s president, Phong Le, will take the reins from Saylor. Saylor has been in the role of chief executive since launching the company in 1989. MicroStrategy went
Business / August 1, 2022 / Greatquotes / 0
Two prominent and external proxy advisory firms are Tesla Inc. Investors to vote against the reelection of two board directors, and are recommending they defy the company’s wishes and vote for six out of eight shareholder proposals. Tesla +0.04% is facing several employee-related controversies and is caught up in the glare of the spotlight on
Business / July 31, 2022 / Greatquotes / 0
Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to
Business / July 26, 2022 / Greatquotes / 0
Tim Cook, chief officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple reports earnings on Thursday for the quarter ended in June. The third quarter of Apple’s fiscal year is typically
Business / July 25, 2022 / Greatquotes / 0
The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Arnd Wiegmann | Reuters It’s earnings palooza week for Big Tech, with the four most valuable US companies plus Meta all reporting quarterly results. Alphabet and Microsoft kick off the action on Tuesday, with Apple and Amazon wrapping things up on Thursday.