Twitter Shares Fall As Elon Musk Backtracks On $44bn Buying Deal
Shares in Twitter fell after Elon Musk announced he was pulling out of the deal to buy the social media platform. Sources state that Elon Musk backed away from his threat following Twitter’s release of a report outlining various issues on the site, such as spam and fake accounts. Twitter plans to fight this deal, […]
Tesla’s CEO Thinks The Company Needs To Cut Staff By 10%; Pause All Hiring
Elon Musk, the CEO of Tesla and SpaceX, sent an email on Thursday saying that his company needed to cut staff by 10 per cent until it can achieve profitability. With a hefty cost accounting for shooting up the price of Tesla cars in China, the CEO is hoping skills changes will reduce expenses and […]