Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images In Uber’s earnings report last week, the acronym EBITDA showed up 42 times. Pinterest used it 25 times the same day. The term showed […]
Tag: Technology
Here’s how the pros are trading Tesla and its wild moves
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Tesla’s stock has piqued the interest of professional and retail traders alike as they try […]
Tesla is under pressure to revitalize its solar and storage business
Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 Tesla Even with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. The company is now under pressure to […]
Huawei says US charges are an attempt to ‘irrevocably damage’ its image
Chinese telecom giant Huawei announced on October 16, 2019 that it has passed the 400,000 5G antennas mark, the fifth generation of mobile phones, in the world with 56 operators who have already started to roll out the new mobile network. STEFAN WERMUTH | AFP | Getty Images Chinese tech giant Huawei said new charges […]
Tesla offering $2 billion in common stock with Elon Musk buying
Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said the company would not take advantage of its surging stock to raise more capital. Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellison […]
Trump fundraiser scheduled at Oracle Chairman Larry Ellison’s: report
Donald Trump Carlo Allegri | Reuters President Donald Trump is expected to attend a campaign fundraising event at Oracle Chairman Larry Ellison’s California estate next week, the Desert Sun reported Wednesday. The event is set to take place at Ellison’s Rancho Mirage estate on Feb. 19, which is less than two weeks before the Super […]
SoftBank shares skyrocket after judge approves T-Mobile-Sprint merger
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., reacts during a dialog session with Jack Ma, former chairman of Alibaba Group Holding Ltd., not pictured, at Tokyo Forum 2019 in Tokyo, Japan, on Friday, Dec. 6, 2019. Kiyoshi Ota | Bloomberg via Getty Images Shares of Japanese conglomerate SoftBank Group soared Wednesday […]
Amazon wants to question President Trump over JEDI cloud contract loss
WASHINGTON — Amazon is seeking to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis over a $10 billion Pentagon cloud contract awarded to Microsoft. In court documents unsealed and filed Monday, Amazon’s cloud computing arm said it’s looking to depose seven “individuals who were instrumental” in the JEDI source […]
Amazon Flex drivers use bots to get more work
Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Like many gig economy workers, Amazon Flex drivers start off their day by opening an app. The Flex app is where drivers find package delivery jobs in their […]
AnitaB.org CEO Brenda Wilkerson interview
AnitaB.org CEO Brenda Wilkerson is trying a different approach to diversity in Silicon Valley. Brenda Wilkerson is disappointed with Silicon Valley’s repeated diversity failures, and says time is running out. Nearly two years ago, the former computer programmer and entrepreneur took the CEO role at AnitaB.org, a non-profit organization named after famed computer scientist Anita […]
