Tesla CEO Elon Musk has said the $20-million penalty he was given for announcing on Twitter that he had funding to take the electric vehicle maker private was “worth it”.
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The growth engines of Amazon.com and Alphabet, the world’s largest Internet companies, sputtered last quarter, and after weeks of stock market jitters, investors were in no mood to give them a pass.
Oracle founder Larry Ellison is a big believer in Tesla and defender of his friend Elon Musk.
Cathay Pacific Airways, Asia’s biggest international carrier, said a hacker gained access to information on about 9.4 million passengers, the third major global airline to report a data breach this year.
Profit secured! Tesla blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.
Twitter has topped estimates for earnings and revenue in the third quarter amid higher spending from advertisers, marking a much-needed boost for the social networking site.
Microsoft posted another quarter of brisk revenue growth driven by cloud services, underscoring the company’s success in shifting its business toward Internet-based computing. The stock rose in extended trading.
Strong results from Microsoft, Tesla and Xilinx are helping to salve wounds after technology stocks led the Nasdaq 100 Stock Index to its biggest rout in seven years.
China’s regulators have ended the issuance of game licences through a stopgap approval process, closing the last known official path for making money from new titles in the world’s biggest gaming market.
Netflix, criticised for its marketing practices, has denied that it tailors the promotions of movies and TV shows based on the race of viewers.