Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian NYT: Technology By: Jack Ewing 26 June 2024 at 13:35 VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies. Β© Joel Angel Juarez/ReutersThe Volkswagen investment provides cash to Rivian, which has struggled to ramp up manufacturing of its electric pickups and sport utility vehicles.
Nvidia, with $3.34 Trillion Market Cap, Becomes Most Valuable Company NYT: Technology By: Tripp Mickle and Joe Rennison 18 June 2024 at 17:29 The chip makerβs stock price has jumped over the last year thanks to its stranglehold on the market for the chips needed to build A.I. systems. Β© The New York Times
Elon Musk Got 72% in Tesla Shareholder Vote on Pay NYT: Technology By: Jason Karaian and Jack Ewing 14 June 2024 at 16:31 About 72 percent of shares in the balloting affirmed the chief executiveβs lucrative stock award. The company hopes to get a court to reinstate it. Β© Gonzalo Fuentes/ReutersTeslaβs decisive shareholder vote affirming Elon Muskβs stock award was a vote of confidence in his leadership of the electric car company.
X CEO Linda Yaccarino Touts Advertiser Return After Musk Takeover NYT: Technology By: Kate Conger and Ryan Mac 13 June 2024 at 18:40 Still, Elon Musk, who owns the platform, and his chief executive Linda Yaccarino, have work to do to grow the business, leaders told employees. Β© Jason Andrew for The New York TimesLinda Yaccarino told X employees that 65 percent of advertisers had returned to the platform since January, while admitting that the business continues to face advertising headwinds.
Teslaβs Stock Price Shows Doubts About Outlook Under Elon Musk NYT: Technology By: Peter Eavis and Jack Ewing 13 June 2024 at 00:00 A huge run-up in the stockβs value followed a 2018 vote on Elon Muskβs compensation package. But investors have recently become less enamored.
Tesla Shareholders to Vote on Elon Muskβs Pay Package NYT: Technology By: Jack Ewing and Peter Eavis 12 June 2024 at 15:29 The vote is seen as a referendum on the limits of executive pay and the accountability of Silicon Valley billionaires. Β© Anthony Gerace
Reddit Posts $575 Million Loss Tied to I.P.O. but Also Strong Growth NYT: Technology By: Mike Isaac 7 May 2024 at 17:04 Redditβs first earnings report as a public company showed leaps in users and advertising revenue, along with expenses related to its initial public offering. Β© Natalie Keyssar for The New York TimesThe New York Stock Exchange on Redditβs first day of trading in March. On Tuesday, the company reported a 48 percent increase in quarterly revenue.
Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks NYT: Technology By: Erin Griffith 6 May 2024 at 15:37 The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year. Β© Ryan Inzana
How Pastor Chad Nedohin Helped Turn Trump Media Into a Meme Stock NYT: Technology By: David Yaffe-Bellany and Matthew Goldstein 27 April 2024 at 00:51 Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices. Β© Amber Bracken for The New York TimesChad Nedohin, a podcaster and part-time pastor in Canada, has urged people to invest in Trump Media & Technology Group and hold on to the stock.