Hostile Twitter takeover rumours grow as Elon Musk boasts he can grow stake ‘at any time’ April 12, 2022 The richest man in the world, Elon Musk, has fuelled rumours he will attempt a hostile takeover of Twitter, after saying he can boost his stake in the site “at any time”. The billionaire entrepreneur who runs Tesla and Space X became the social media giant’s main shareholder last week, but rejected an invitation to [...]
The City View: Sluggish UK economic growth, and Heathrow flying high April 11, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through lacklustre UK economic growth figures and why the cost-of-living crisis will hinder said growth; the latest inflation figures; the global economic recovery; and economic uncertainty to come. Andy also goes through the news: Heathrow has marked its highest number [...]
After Elon Musk turns down board seat: With 211m users worldwide, is Twitter the next social media giant to die? April 11, 2022 Sixteen years after its launch and with 211 million users, Twitter has long been considered one of the original social media platforms. However, as the likes of TikTok make rapid gains in popularity, it seems today’s social media users are being drawn away from the hard news and conflict of Twitter debate, to more positive environments. [...]
Elon Musk turns down Twitter board after asking 80m followers: ‘Is it dying?’ April 11, 2022 Elon Musk, the man behind Tesla and SpaceX, has turned down a spot on Twitter’s board, after being revealed as the platform’s majority shareholder. New Twitter CEO Parag Agrawal confirmed this morning: “Elon has decided not to join our board. “I believe this is for the best.” Musk was due to step onto the board [...]
Business of Space: ‘We’re taking business off the face of the Earth,’ says NASA administrator ahead of launch April 8, 2022 This week: Type One bets on London A historic commercial collaboration NASA’s moon setbacks Type One US-based venture capital fund Type One has launched a $50m (£38.3m) space and deep tech fund in London, as it steps into UK and European markets. The firm, which has $100m in assets under management, is hoping to catch [...]
Fast fashion retailer Shein hits $100bn valuation with fresh funding round April 6, 2022 Fast-fashion giant Shein has hit a $100bn valuation this week after a fresh funding round, making it the third most valuable startup in the world after Elon Musk’s SpaceX and ByteDance.
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 [...]
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 [...]
Moscow halts cooperation on International Space Station over ‘illegal’ sanctions April 2, 2022 The Kremlin announced today it will halt all cooperation on the International Space Space Station after Western countries imposed a blanket of sanctions on Moscow following the Ukraine war’s outbreak. Dmitry Rogozin, head of Russia’s space agency Roscomos, said it will no longer work with partners such as NASA and the European Space Agency as [...]
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 [...]