Tesla CEO Elon Musk exhorted the electric car maker’s staff to focus on profits and cost-savings, noting the high expectations baked into Tesla’s $554 billion market capitalization. “When looking at our actual profitability, it is very low at around 1% for the past year,” he wrote in a memo obtained by the website Electrek. “Investors are giving us a lot of credit for future profits, but if,...
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News Analysis Entertainment
In WarnerMedia-Discovery Deal, Old-School TV Execs Reclaim Power
A new team is taking over at WarnerMedia—and it looks a lot like the old-school TV team that ran the company before AT&T bought it. The question is whether that mindset will help or hurt Warner’s ability to remake itself for the digital age. AT&T confirmed Monday morning that it will sell WarnerMedia to Discovery. In comments at a press briefing, Discovery CEO David Zaslav...
VC-Backed Retailer Launches Ecommerce For Kids
AT&T’s WarnerMedia and Discovery to Merge
Gojek, Tokopedia Announce $18 Billion Merger, Plan IPO This Year
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News Analysis Apple
Midway Through Apple-Epic Trial, Apple Maintains Its Advantage
App developers are rooting for Epic Games to win its court battle against Apple. Yet some prominent developers told The Information they have grown concerned that the ongoing antitrust trial between Apple and Epic could hurt their own efforts to take on Apple and redefine who controls the economics of consumer apps.
Warner-Discovery Deal Talks Thrust John Malone and David Zaslav Into Spotlight