Elon Musk said Google had a “standing interest in buying Tesla” in testimony in the securities fraud trial. The Tesla CEO said this helped encourage him to try to secure funds to take the EV maker private. According to a 2015 book, Musk and former Google CEO Larry Page had an $11 billion deal in place for Tesla. … Source link
Read More »WTA standing up to China is laudable
Some things are more important than money. It seems as though we hear a lot of people and companies say that, but very few actually act on it. For too many, when push comes to shove, the money is just too enticing. The Women’s Tennis Association, or WTA Tour, is showing what that practice really looks like as it stands up to global giant China in defense of one of its players, Peng Shuai. There’s a lot of concern for Peng’s well-being right now, after the 35-year-old took to Weibo, China’s… Source link
Read More »American businesses should stand behind Yahoo in standing up to China
Paul Sakuma / AP The Yahoo logo is displayed outside of offices in Santa Clara, Calif., in this Monday, April 18, 2011, file photo. Thursday, Nov. 4, 2021 | 2 a.m. In an all-too-rare instance of positive news coming from Big Tech, Yahoo announced this week that it was pulling out of China. Citing the Chinese government’s sweeping regulatory crackdown on the tech, education, gaming and entertainment industries in recent months, Yahoo said it was shutting down access to its services… Source link
Read More »The last mania standing: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 20, 2021 The single-family housing market is under pressure. Will it be the next market to crack? Over the course of the last year, we’ve seen a series of market fads come and go. On Wednesday, cryptocurrencies were just the latest buzzy asset class to see a swift reversal in market sentiment (followed by a reversal of that… Source link
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