Venture capital
Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
The TikTok short form video hosting service logo is seen on a mobile device in this illustration photo taken in Warsaw, Poland on 17 July, 2024. Jaap Arriens | Nurphoto | Getty Images President Donald Trump said on Tuesday that he’d consider the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing […]
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Tesla brand value shed $15 billion in 2024 with aging lineup, Musk at helm, researchers found
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images The value of Tesla’s brand fell by 26% in 2024, a second straight annual decline, with factors including an aging lineup of vehicles, and CEO Elon Musk’s “antagonism,” according to research and consulting […]
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LA wildfires thrust insurance startup into spotlight as property owners scramble for protection
An aerial view of repair vehicles at sunset passing near beachfront homes that burned in the Palisades Fire as wildfires cause damage and loss through the LA region on January 15, 2025 in Malibu, California. Mario Tama | Getty Images Midway through December, tech entrepreneur Dan Preston debuted insurance startup Stand’s first product focused on […]
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Intel to spin off venture capital arm as chipmaker continues to restructure
Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker. Turning Intel Capital, which has $5 billion in assets, into a standalone fund will allow it to raise money from outside investors, Intel said. […]
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Klarna scores global payment deal with Stripe to expand reach ahead of blockbuster U.S. IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up to its upcoming listing in the U.S. Klarna’s buy now, […]
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Elon Musk promotes far-right Alternative for Germany candidate, hosts discussion on X
Alice Weidel, co-leader of the far-right Alternative for Germany (AfD) political party, arrives to speak to the media with AfD co-leader Tino Chrupalla shortly after the AfD leadership confirmed Weidel as the party’s candidate for chancellor on December 07, 2024 in Berlin, Germany. Maryam Majd | Getty Images Elon Musk used his social network X […]
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Black British entrepreneurs find new ways to land funding as diversity efforts are scrapped
Former Goldman Sachs executive Ayesha Ofori was confident that investors would be keen to fund her investment platform startup — then came the wall of rejections. Some of the venture capitalists who gave the cold shoulder to Ofori’s female-focused financial investment platform, Propelle, ultimately rejected her, citing her lack of experience. Ofori notes her background at Morgan […]
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Nominate a company for CNBC’s 2025 Disruptor 50 list
CNBC is now accepting applications for the 2025 Disruptor 50 list — our thirteenth annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges. The deadline for submissions is Friday, Feb. 10 at 11:59 pm EST. All independent, privately-owned companies founded after Jan. 1, 2010, are eligible, […]
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Tesla shares slide after it reports first drop in annual deliveries
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles on Oct. 10, 2024. Tesla | Via Reuters Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers: Total deliveries Q4 2024: 495,570 Total production Q4 2024: 459,445 Total annual deliveries 2024: 1,789,226 […]
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Waymo dominated U.S. robotaxi market in 2024, but Tesla and Amazon’s Zoox loom
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Despite General Motor’s decision to shutter its Cruise robotaxi business earlier this month, the U.S. has never been closer to a driverless future. For the autonomous vehicle industry, 2024 will be remembered as […]
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