Facebook boycott leaders slam Mark Zuckerberg for doing ‘just about nothing’ to remove ‘hate speech’ after ‘disappointing’ meeting full of ‘spin’

Organizers of a Facebook boycott campaign that has the support of thousands of major advertisers have slammed Mark Zuckerberg for doing ‘just about nothing’ to remove hate speech from the site. Leaders of the #StopHateForProfit campaign lashed out after a ‘disappointing’ meeting with the social media CEO and other top brass which they said showed […]

Tesla’s stock soars to 4th-straight record as Wall Street’s biggest bear raises price target

Shares of Tesla Inc. charged higher to a fourth-straight record close Monday, after even the most bearish analyst on Wall Street analyst lifted his price target following the electric vehicle maker’s blowout deliveries results. Tesla rival Nio Inc.’s stock NIO, +22.70% also soared, in the wake of the China-based EV maker’s upbeat June sales report. […]

Sennheiser received a bailout loan worth over $2 million

Audio company Sennheiser received between $2 million and $5 million as part of the Paycheck Protection Program (PPP), according to newly released US Department of Treasury data. It’s one of many privately held tech companies to receive support through the program, which offers small businesses forgivable loans that can be spent on payroll, rent, or […]

Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal

Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March. […]

Uber reportedly agrees to acquire Postmates for $2.65 billion

Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related businesses, Uber’s ride-hailing segment has been negatively impacted by the COVID-19 pandemic, due to shelter-in-place orders throughout the United States. On-demand delivery, however, has grown, […]

Tesla’s Ambitious Plan To Ditch Cobal

Lithium-ion batteries have proven to be a key link in global supply chains, placing these unassuming electronics at the crux of the future of electric vehicle markets around the world. And lithium is not the EV sector’s only problem element. The electric car supply chain is also heavily dependent on cobalt, a pricey metal that […]