Twitter “has had a massive drop in revenue” due to “activist groups pressuring advertisers,” Elon Musk tweeted Friday, following a week of massive uncertainty around product and content moderation strategy. Some advertising agencies and brands paused new advertising on Twitter, citing this uncertainty and concerns around brand safety, The Information reported this week. Some also noted a lack...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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