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Briefing

Tesla Posts Record $3.3 Billion Profit as Revenues Surge

By
Amir Efrati
· · Source: The Information

Tesla’s hot streak continued in the first quarter of the year, with revenues rising by 81% to $18.8 billion and profit growing to $3.3 billion. The results could help CEO Elon Musk’s $43 billion unsolicited bid for social media app Twitter as some of the funding for a deal could involve borrowing against his Tesla stock. Impressively, the electric vehicle maker’s revenue growth rate in the...

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Free Agents startups
On the Market: The Founders Who Joined Microsoft, Spotify, Coinbase and Twitter
By The Information Staff · March 20, 2023 6:00 AM PDT
Clockwise from top left: Julie Bornstein, Esther Crawford, Mark Hammond, Max Cutler, Kağan Sümer. Photos via Julie Bernstein, Robert Cowherd, Microsoft, Wikimedia and Kağan Sümer.
Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley. That means managers and engineers who also have the entrepreneurial bug are now on the market. Twitter’s most recent round of job cuts included at least four such founders, including the entrepreneurs behind...
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Jamie Dimon, chief executive officer of JPMorgan Chase. Photo by Bloomberg.
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Cover art and portraits by Clark Miller
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