Tesla, currently worth about $600 billion, could have been sold to Apple for the tame price of around $60 billion two or three years ago, Tesla CEO Elon Musk said on Tuesday. Why did Musk make the comment? Competition, of course. Apple has its own electric autonomous passenger vehicle development program, known as Titan, that Reuters said on Monday was eyeing a car production date in 2024 or...
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The Briefing Enterprise Startups
Meta’s M&A Ambitions Curtailed; Will Bret Taylor Be a Chip Off the Old Block?
Anyone working on mergers and acquisitions at Meta Platforms, formerly Facebook, might want to look for a new job. The British antitrust regulator’s decision to force Meta to divest Giphy, the tiny GIF search engine it acquired last year for $315 million, demonstrates that even small acquisitions are off limits to the tech giant. And while this was a decision in Britain, the Federal Trade...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
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