Tesla’s decision to slash EV prices put pressure on margins, causing profits to fall 44% in the third quarter from the previous year. The automaker missed Wall Street estimates on revenue and earnings. Shareholders seemed to have braced for Tesla’s earnings earlier in the day, with shares closing down 4.78% to $242.68. Shares have risen […]
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Meta is bringing its Telegram-like “broadcast channels” feature to Facebook and Messenger after rolling it out to Instagram and WhatsApp earlier this year. The company announced today that the feature is coming to the two platforms in the coming weeks. The feature lets creators and public figures share one-to-many messages to directly engage with their […]
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The Sam Bankman-Fried trial is 11 days in and witnesses continue to take the stand on behalf of the prosecution’s case. The defamed former co-founder of FTX and Alameda is on trial for seven criminal charges related to fraud and money laundering. On Wednesday, Peter Easton, an accounting professor at University of Notre Dame, testified […]
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When Atlassian announced it was buying Loom for $975 million last week, it turns out after close analysis that it was a good deal for all concerned.
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