Number 10 says Elon Musk must ‘protect users’ after Twitter buyout April 26, 2022 Downing Street has said that Twitter must continue to “protect consumers” after Elon Musk’s impending buyout of the social media giant. Boris Johnon’s spokesman today told journalists that “it is too early to say what if any changes will be made to how Twitter operates”, but that “all social media platforms must be responsible”. Twitter’s [...]
Global supply of electric car batteries could be shifting East to West, say analysts April 26, 2022 The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say analysts, as production grinds to a halt in Asia. China’s most recent Covid-19 lockdowns have ‘chipped away’ at the country’s dominance in the battery market, analysts at independent energy researcher Rystad Energy, Susan Zou and Abhishek Murali, explained. Businesses have [...]
So what’s the plan, Elon? April 26, 2022 PLENTY of people have laughed at Elon Musk over the years, and often it’s the eccentric billionaire that’s had the last laugh. At various points, everything from Tesla to SpaceX has been written off – but even with a track record of proving critics (mostly) wrong, his anticipated acquisition of Twitter looks an almighty risk. [...]
Bezos questions Chinese influence on Musk’s £34.5bn Twitter takeover April 26, 2022 Amazon founder Jeff Bezos has questioned Elon Musk’s grab for Twitter, raising alarms about Chinese influence on the social media platform.
Crypto markets bounce back as Elon Musk buys Twitter April 26, 2022 The price of Bitcoin has clambered its way back past the $40k mark, up around five per cent over the past 24 hours to around $40,500.
Twitter accepts Musk’s $44bn buyout deal April 25, 2022 Twitter has accepted a $44bn buyout from Tesla tycoon Elon Musk which takes the firm into private ownership
The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Twitter sale could be agreed as early as today as Elon Musk enters ‘final stretch’ of negotiations April 25, 2022 Twitter is in the final stretch of negotiations in its sale to Elon Musk, with a deal potentially being reached as early as today. As reported by Bloomberg, the social media firm is hammering out the terms of a transaction, according to inside sources. On April 14, the eccentric billionaire announced an offer to buy the [...]
It’s on: Twitter’s board and Elon Musk negotiate into the early hours over £36bn bid to snap up the social media giant April 25, 2022 Elon Musk and Twitter’s board negotiated into the early hours of this morning over the Tesla chief’s bid to buy the social media platform, The New York Times reported. Musk said last week that he had lined up $46.5bn, or £36.2bn, in financing to buy Twitter, putting pressure on the company’s board to negotiate a [...]
Business of Space: Reusable rockets, space junk and new markets ‘ripe for overhaul’ April 23, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: D-Orbit to supply key parts for ESA rocket The US says no to space junk Satellite connection on place ‘ripe for overhaul’ D-Orbit inks fresh supply deal D-Orbit has cut a deal with Beyond Gravity to deliver critical tools and [...]