Twitter CEO appoints billionaire entrepreneur Elon Musk to board April 5, 2022 Twitter’s new CEO Parag Agrawal has appointed Elon Musk to the board, after the billionaire tech entrepreneur was revealed as the platform’s largest shareholder yesterday. Based on Friday’s market close, Musk’s 9.2 per cent stake is worth some $2.89bn (£2.2bn), though just a fraction of his net worth of $233bn (£178bn). “He’s both a passionate [...]
Dorries urges broadband firms to publicise social tariffs, as 84 per cent on benefits unaware they exist April 5, 2022 Nadine Dorries has written to key internet providers urging them to raise awareness of discounted broadband offers for those on universal credit and benefits. She urged firms included BT and Virgin Media to publicise schemes because they have ‘low uptake’, with 84 per cent of those on benefits reportedly unaware they exist. Discounted social tariff [...]
Does Twitter need an edit button? Major shareholder Musk polls 80m followers April 5, 2022 Elon Musk has polled Twitter users to ask if they want an edit button, after the billionaire entrepreneur was revealed to be platform’s largest shareholder yesterday. Based on Friday’s market close, the stake is worth some $2.89bn (£2.2bn), though just a fraction of Musk’s net worth of $233bn (£178bn). Musk, the man behind Tesla and [...]
Huawei employee shareholders rewarded with £7.3bn in dividends April 5, 2022 Huawei’s employee shareholders have been rewarded with 61.404 billion yuan (£7.3bn) worth of dividends, according to a regulatory filing. The Chinese technology heavyweight has not disclosed dividend distribution, but some 131,500 current and former workers are involved with the scheme. It comes as Huawei swallows its first revenue dip on record, with the figures slipping [...]
MPs question why promised security review into sale of UK semiconductor giant to Chinese company is not happening April 5, 2022 The takeover of a hi-tech British company to a Chinese-owned firm has allegedly “not begun”, MPs have said as they question why it is taking the government so long. Prime Minister Boris Johnson last year asked national security adviser Sir Stephen Lovegrove to examine the purchase of Newport Wafer Fab by Nexperia for a reported [...]
Channel 4 set to be privatised to remove ‘straitjacket’ of public ownership April 4, 2022 The government will push ahead with plans to privatise Channel 4 in a move it believes will allow it to compete against the streaming giants, City A.M. understands. A government source said that after a lengthy consultations ministers have decided the broadcaster is held back by the “straitjacket” of public ownership A sale, the source [...]
Surging shares: Elon Musk revealed as Twitter’s largest stakeholder April 4, 2022 Elon Musk, the eccentric billionaire behind Tesla and SpaceX, has snapped up a 9.2 per cent in Twitter – which has sent its shares flying. The tech entrepreneur is reportedly now the largest shareholder in the social media platform, considered one of the world’s most popular. Twitter shares have surged around 26 per cent in [...]
Ministry of defence carves out 100 new jobs in pumping £22m into new satellite April 4, 2022 The UK’s ministry of defence has commissioned a new £22m satellite, which is expected to create around 100 new jobs. The satellite, built as part of the £127m science and technology programme Minerva, will be the first in a network of new satellites to support military operations. The three-year contract with Surrey Satellite Technology Ltd [...]
Business of Space: Not only doing the hard things, but the ‘right thing’ April 2, 2022 This week Blue Origin creates six more astronauts SpaceX teams up with OneWeb Seraphim Space piles into Pixxel Blue Origin: Space tourists aplenty Jeff Bezos’ Blue Origin successfully completed its fourth tourist flight to space on Thursday, marking the increasing accessibility of space – to the few that can afford it. Bezos, who made his [...]
Sennheiser CX Plus W1 earbuds review: Outstanding value April 1, 2022 I’ve said it before and I’ll say it again – the most important piece of consumer technology you’ll ever buy isn’t your laptop or your phone, it’s a decent pair of headphones. You’ll spend far longer listening to music than you will scrolling on your iPhone, and you’ll push them to the limits far more [...]