Profit almost doubles at Elon Musk’s Starlink as sales surge Tech Turnover at Starlink, Elon Musk’s satellite internet constellation, spiked in the UK as its profit almost doubled in 2024, it has been revealed. New accounts filed with Companies House show that Starlink’s turnover increased from £2.5m to £4.2m during its latest financial year. Starlink’s pre-tax profit also rose from £121,166 to £203,456. A statement signed [...]
Trump tariffs hit big tech as stocks tumble for third session Tech The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]
Musk turns on Trump amid tariff fallout Economics Elon Musk, once one of Donald Trump’s most high profile allies, is now publicly breaking ranks with the President over a new wave of tariffs. Once lauded by Trump as a “patriot”, and trusted with a role in streamlining the federal government, Musk is now casting doubt on the administration’s economic direction, openly challenging the [...]
NBA breaks rank with NFL and joins X and Truth Social alternative Bluesky February 18, 2025 The NBA has broken ranks with the NFL and established an official presence on Bluesky, the rival social media platform to X. The world’s biggest basketball league launched its account over the last week, though it did not post during its All-Star Weekend. The NBA and some of its teams join Major League Baseball in [...]
X and Meta: Who’s benefiting from Tiktok’s brief hiatus? January 20, 2025 As Tiktok temporarily went down on Sunday afternoon, rival social media platforms such as X and Meta scrambled to fill the void left by the app’s absence. Several competitors moved quickly to capitalise on its downfall, hoping to attract its 170m US user base by picking up its various features. Before the ban took effect [...]
Elon Musk wants to ban WFH for millions in the US government January 17, 2025 Elon Musk may terminate remote work for millions of federal employees, as he steps into his new role as head of the Department of Government Efficiency (D.O.G.E). The tech titan and outspoken Trump supporter outlined plans to announce a mandatory return to office policy to reduce the size of the US government workforce and cut [...]
Keir Starmer hits back at Elon Musk on grooming gang claims January 6, 2025 Keir Starmer has hit back at Elon Musk today after a series of attacks from the Tesla tycoon over the government’s handling of historic ‘grooming gang’ sex abuse cases. In a press conference today, Starmer said an online debate about child sexual exploitation gangs was based on “lies” and those fanning the flames were not [...]
X-odus: Musk platform ‘distinctly not well received’ by marketers September 5, 2024 Marketers’ trust in Elon Musk’s X as an effective platform for advertising has plummeted since 2022, with advertisers anxious about the “brand safety” that the controversial social media channel offers. Approval ratings for the social media channel have plummeted to minus 21 per cent, down from plus 15 per cent just two years ago, according [...]
British firm Filtronic scores another multi-million contract with Elon Musk’s SpaceX August 30, 2024 Microwave technology firm Filtronic has scored another multi-million-pound contract with Elon Musk’s SpaceX, it revealed today. The London-listed company, which is headquartered in Leeds and supplies products to the aerospace, defence, space and telecoms infrastructure sectors, said the $8.4m (£6.4m) production order from the satellite internet company was a positive sign that demand remained high for [...]
Tesla shareholders approval Musk’s £44bn pay package but reject ESG proposals June 14, 2024 Elon Musk has won a battle to have his bumper pay packet approved.