Facebook unveils privacy changes in bid to become more transparent after Cambridge Analytica scrutiny March 28, 2018 Facebook said today it will be making its privacy tools easier to find in a bid to boost transparency and improve trust after last week’s furore over the revelations involving Cambridge Analytica. The firm has been embroiled in controversy with Facebook over allegedly using the personal data of 50m users to influence the 2016 US [...]
The EU’s misguided tax on tech giants is doomed to fail March 27, 2018 Amid the moral panic about “tech giants”, trust the European Union to lead the way with a ham-fisted proposal to “level the playing field”. Politicians on the continent have worried for years about the tax planning of these (usually American) super-firms. Last week, they issued a proposal to deal with the perceived problem: allow individual [...]
Tesla billionaire Elon Musk deletes his brands from Facebook as Cambridge Analytica offices raided March 24, 2018 Billionaire entrepreneur Elon Musk has deleted his Tesla and SpaceX brands from Facebook, following accusations that data firm Cambridge Analytica used data harvested from the social networking site to influence elections. In response to Twitter users calling for people to delete Facebook, Musk tweeted: “What’s Facebook?” When challenged to remove his own brands’ pages from [...]
Tesla share price rises as stockholders approve Elon Musk’s $2.6bn compensation plan March 21, 2018 Tesla shareholders have approved a proposal to award chief executive Elon Musk with stock options valued at $2.6bn (£1.8bn) at a special meeting today. The windfall does not include a salary or cash bonus, so it relies on a rise in the company’s market value over the next decade. Shares in the company rose 3.42 [...]
Elon Musk’s $2.6bn pay package rejected by US pension giant ahead of crunch shareholder vote March 21, 2018 One of US’ biggest pension funds will vote against Tesla chief exec Elon Musk’s $2.6bn pay package, as shareholders prepare for a crunch vote later today. The Californian State Teachers Retirement System (CalSTRS) said Musk’s 12-tranche stock award was “just too great” in diluting other shareholders. Tesla is due to hold its AGM later today. [...]
These are the companies with the best corporate reputations in the US for 2018 March 13, 2018 Amazon has held on to the top spot among businesses with the best corporate reputation, according to an annual poll from the US. Elon Musk’s Tesla meanwhile climbed the rankings and came in third for 2018, just below supermarket chain Wegmans which held onto second place. Aldi and the Walt Disney Company also made the [...]
Aston Martin in pole position as world’s fastest growing car brand as Brexit currency devaluation helps drive 268 per cent growth in brand value March 5, 2018 James Bond’s carmaker of choice Aston Martin saw its brand value grow by 268 per cent in 2018. The spectacular growth saw it top the table as the fastest growing car brand in the world in 2018 with a brand value of $3.6bn (£2.6bn), according to a report by research organisation Brand Finance. The British [...]
Commodity outlook in the Year of the Dog February 23, 2018 We are now in the Chinese Year of the Dog. With China being the main driver of commodity markets – and Britain’s blue chip miners enjoying a long bull run – what is the outlook for commodities for the rest of the year? China’s seemingly insatiable desire for commodities will slow. The country is seeking [...]
Revealed: Virgin billionaire Richard Branson on”Concorde 2″ supersonic travel, rival Elon Musk’s SpaceX and Hyperloop plans February 14, 2018 Could we see a new Concorde take to the skies? Billionaire entrepreneur Sir Richard Branson thinks so. The man behind the Virgin empire has said that a new era of supersonic travel is about to take off. “The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people travelling around [...]
Without profit at Tesla, Elon Musk will be coming back to earth February 7, 2018 Last night, eccentric billionaire Elon Musk sent one of his own Tesla sports cars into outer space with the launch of the most powerful operational rocket the world has ever seen. The swagger and showmanship of the event should not distract from the significance of the launch, or the fact that Musk is an immensely [...]