Elon Musk claimed that Saudi Arabian investor Yasir Al-Rumayyan was “ass covering” in text messages with Musk after the Tesla CEO tweeted in 2018 that he had “funding secured” to take the company private. Musk made the comment on Monday in a court trial where he is defending himself from Tesla shareholders who alleged he caused losses by tweeting about a take-private deal that never materialized....
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Stripe’s Revenue Growth Slid Last Year as Firm Burned Through Cash
Stripe’s revenue growth fell sharply last year and the firm was unprofitable, factors the payments giant will need to navigate while planning to either go public or raise money privately in the next year. The company’s gross revenue—the amount of sales it pulls in before paying out a significant chunk to credit card companies—was $14.4 billion last year, a person...
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
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