Muzzle? Fine? Removal? What to do about Elon Musk? The Tesla CEO had his day in court Thursdayfor a hearing in his ongoing battle with the Securities and Exchange Commission. This time, the financial regulators alleged Musk broke the terms of a prior settlement agreement by posting material company information on Twitter earlier this year.
Month: April 2019
Conde Nast is the company behind some of the world’s most glamorous and influential magazines, including Vogue, the New Yorker, and Vanity Fair. It is also a company in decline, because the magazine business is in decline. Roger Lynch’s job is to somehow stop that. “It is a difficult job,” he said today, after Conde
Snap held its first-ever “Partner Summit” on Thursday — the Snap equivalent of the larger, more established developer conferences held by tech giants like Facebook (F8), Google (Google I/O), and Apple (WWDC) each year. The point of the event was to unveil new products — some for users, some for developers — and encourage potential
A group of Microsoft employees appeared at an employee meeting with CEO Satya Nadella Thursday to protest the company’s treatment of women. The protesters asked Nadella to address claims of discrimination against women in promotion and advancement, as well as claims of sexual harassment, raised as part of a widespread discussion that has been building
Japan’s Nomura Holdings said on Thursday it would cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches, in its latest strategy overhaul to turn around its struggling business. The wholesale segment has been dragging on the performance of Japan’s biggest brokerage and investment bank, and
After a long drought, the go-go days of hot technology IPOs appear to be back. The new age began last week with the long-awaited public offering of shares in ride-hailing service Lyft, which raised more than $2 billion for the company with a valuation climbing to over $26 billion before falling back to earth on
The media landscape used to be straightforward: Content companies — studios — made stuff — TV shows and movies — and sold it to pay TV distributors, who sold it to consumers. Now things are up for grabs: Netflix buys stuff from the studios, but it’s making its own stuff, too, and it’s selling it
Financial lenders and information technology services dominate in LinkedIn’s latest “Top Companies” ranking for Brazil, with a Sao Paulo-headquartered bank coming out on top. With a user base of more than 610 million, LinkedIn annually compiles lists which look at companies that would best suit certain countries and employees based there, including in the likes
Professional sports leagues, it turns out, are pretty hard to disrupt. The Alliance for American Football, a venture capital-backed offseason alternative to the NFL, crashed and burned Tuesday for a familiar reason: It ran out of money. And like startups often do, the young company reportedly became mired in a management tussle between executives who
In July of 2017, as Raffi Krikorian settled into his new office at the Democratic National Committee, Hillary Clinton’s words were still ringing in his ears. Just a few months before, the former secretary of state and recently defeated Democratic nominee for president had sat on stage at Recode’s technology conference and mercilessly bashed the
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration. The jets have been removed from service pending engine replacement, the airline said in a statement. The Trent 1000 TEN is the latest
Google employees released a letter today calling for Kay Cole James, the president of right-wing think tank the Heritage Foundation, to be removed from Google’s new external AI ethics council. The letter calls James “vocally anti-trans, anti-LGBTQ, and anti-immigrant,” and that “Google cannot claim to support trans people and its trans employees — a population
Virtual private networks (VPNs) can help protect your internet traffic from prying eyes. VPN services route your email, web browsing, and other internet activity through the service provider’s servers, making it appear to outsiders that you’re only accessing those servers. VPN services help users in China, for example, reach blocked sites by making it appear
Natalia Fileva, chairwoman and co-owner of Russia’s second largest airline S7, died when a private jet she was in crashed near Frankfurt on Sunday, the company said. Fileva, 55, was the major shareholder in S7, a member of global Oneworld airlines alliance, and one of the richest women in Russia, whose wealth was estimated by