The stock fell roughly 4% Thursday after Musk highlighted an antisemitic conspiracy theory, then issued a series of seemingly bigoted tweets on X, the social media platform he bought last year. Musk first praised a (verified) user — called "The Artist Formerly Known as Eric" — for saying that "Jewish communities" have been pushing "hatred against whites." Musk, who leads SpaceX, X, xAI, Neuralink and the Boring Company, in addition to Tesla, has a net worth of $225 billion, according to Bloomberg...
Continue ReadingAmazon (ticker: AMZN) said Thursday that it will begin online sales of vehicles next year. The car maker named Amazon Web Services as its preferred cloud-computing provider to facilitate the online transformation. “Amazon is the ideal partner to help realize our vision of progress for humanity, including improving how people and goods move more efficiently and sustainably,” Hyundai Chief Executive Jaehoon Chang said in the news release...
Continue ReadingAutomaker Tesla did not infringe on its workers’ rights to unionize when it ordered employees at a California assembly plant to stop wearing T-shirts emblazoned with the United Auto Workers logo, a federal appeals court has ruled. The 5th U.S. Circuit Court of Appeals threw out a 3-2 decision issued last year by the National Labor Relations Board, which had said Tesla couldn’t prohibit union attire. The court opinion noted that Tesla allowed workers to affix “any number or size” of pro-union stickers to company-issued clothing...
Continue ReadingShares of online car sellers including Cars.com, CarMax, Carvana, and other online auto sellers tumbled on Thursday after Amazon announced the online retailer would sell cars starting in 2024...
Continue ReadingApple is a renowned innovator of tech hardware, but the company is also known for having a gated ecosystem that benefits users in it and hinders those outside of it. Apple will include Rich Communication Services (RCS) sometime in late 2024, a move that will add several new texting features between iPhone and Android users, according to a report by 9to5Mac. The move comes just months after Apple changed its ports on its latest iPhone 15 series to USB-C, another move that creates more seamless use between Apple and non-Apple products...
Continue ReadingJudge Amit Mehta of the U.S. District Court for the District of Columbia will rule sometime in 2024 on whether any of Google's actions broke antitrust law. No matter who prevails when Mehta issues his ruling, experts say there will be an appeal. Google will appeal if the company is found to have broken antitrust law...
Continue ReadingIBM has suspended the entirety of its ad placement on X, the social media platform belonging to billionaire Elon Musk that was previously called Twitter...
Continue ReadingIn today's video, I discuss recent updates impacting Arm Holdings (NASDAQ: ARM), Microsoft (NASDAQ: MSFT), and other tech giants. Check out the short video to learn more, consider subscribing, and click the special offer link below...
Continue ReadingHyundai and Amazon have announced a partnership to sell vehicles online, with the automaker utilizing the AWS cloud...
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