American Psycho author Bret Easton Ellis reveals he was groomed as a teenager; praises Morrissey, Elon Musk and Kanye February 6, 2023 American Psycho author Bret Easton Ellis has revealed he was groomed as a teenager by a movie producer who said he would help to launch the author’s film career. Speaking at a book reading and interview at the Southbank Centre, the 58-year-old said the experience “toughened” him and that he never considered reporting the incident [...]
Paid-for blue ticks and tiny tweaks won’t make Musk’s Twitter profitable January 27, 2023 Tech companies have made massive layoffs as a looming recession dents their bottom lines. At the same time, Elon Musk is trying to prove he can make Twitter profitable, writes Andrew Brown In April last year, Elon Musk created an earthquake by becoming Twitter’s largest shareholder after acquiring a 9.2 per cent stake in the [...]
Explainer: Does Meta need Trump more than Trump needs Meta? Probably not January 26, 2023 Big personalities, like winter colds and bad habits, always come back to haunt you. Donald Trump is no exception to this rule – and he just got back his platform to shout, very loudly, at your face. Facebook and Instagram – the Meta twins – decided to reinstate Trump’s account, two years after his suspension [...]
Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn January 26, 2023 Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk. “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night. [...]
The Notebook: Jimmy McLoughlin on ChatGPT, a healthy EY boss and the Scotch industry January 25, 2023 The political aide turned podcast host riffs on ChatGPT, the Scotch industry and RSVPs to the party of the year
Crown Estates sues Twitter over unpaid rent of its Piccadilly Circus HQ January 24, 2023 Twitter is being sued by the Crown Estates over unpaid rent relating to its Piccadilly Circus-based headquarters building. The Crown Estates manages property for King Charles III and the monarchy, which includes the 10m sq Twitter headquarters in central London. The estate filed the claim against Twitter Inc, which is also facing legal action over [...]
Twitter in trouble? Over 500 advertisers quit the platform after Musk takeover January 18, 2023 Over 500 advertisers have reportedly either pulled or paused their presence on Twitter following Elon Musk’s takeover of the website last autumn, according to a report by The Information. Major spenders including General Mills, Pfizer, Audi, Volkswagen and Mondelez are among some of the big names to have stopped advertising on Twitter since Musk’s took [...]
Davos round-up: Citi’s lazy homeworkers, Credit Suisse’s ‘horrifying year’ and ESG investing gets political January 17, 2023 As some of the world’s most important bankers gather at the World Economic Forum in Davos to discuss an array of economic, political and social challenges, City A.M. wraps up some of the top lines from the day. Credit Suisse’s “horrifying year” Credit Suisse’s own chair, Axel Lehmann, described 2022 as “a horrifying year for [...]
Exclusive: CybSafe’s CEO on tackling VC pattern matching as a black business founder January 14, 2023 When CybSafe CEO Oz Alashe MBE raised his Series B funding round last year, the ambitious London entrepreneur was one of only ten black British founders to have ever done so, or so he was told. While Alashe has not been able to validate that claim, it gives an insight into the stark reality of [...]
Tesla shares: How Musk made history with the biggest loss of personal wealth ever recorded January 12, 2023 The ongoing woes at social media microblogging site Twitter have impacted hugely on the wealth of its owner, the world’s richest person Elon Musk. Musk lost an estimated £135bn between November 2021 and December 2022, according to Guinness World Records. This means he holds the record for the largest ever loss of a personal fortune. [...]