Business Archives - Page 99 of 117

Elon Musk sells another $1 billion in Tesla shares, bringing him closer to his 10% target

Posted on December 29, 2021 by Priyanka Patil |

According to financial records released late Tuesday, Tesla and SpaceX CEO Elon Musk has sold another 934,090 shares in his electric car and solar businesses, valued at roughly $1.02 billion. Musk also used options granted to him as part of…

Mark Zuckerberg, the founder of Facebook, has added a Hawaii reservoir to his assets

Posted on December 29, 2021 by Priyanka Patil |

Facebook founder Mark Zuckerberg’s already massive Hawaii estate has suddenly grown much more. According to the Honolulu Star-Advertiser, the internet millionaire and his wife, Priscilla Chan, recently purchased 110 acres of agricultural land on the island of Kauai, which contains…

After scrapping 8,000 flights over the Christmas weekend, Airlines are cancel more

Posted on December 27, 2021 by Priyanka Patil |

Flight cancellations due to COVID continued on Monday. Due to the spread of the Omicron variety and severe weather, airlines around the world cancelled just under 8,000 flights over the three-day Christmas weekend. According to Flightaware, a website that analyses…

Triller, a TikTok competitor, is merging with SeaChange International to go public

Posted on December 23, 2021 by Priyanka Patil |

App with a short video The two firms announced on Wednesday that Triller will go public via a reverse merger with video-tech startup SeaChange International. The combined company is expected to be worth around $5 billion. The planned merger has…

The FDA has approved the first tablet to treat Covid-19

Posted on December 23, 2021 by Priyanka Patil |

The US Food and Drug Administration approved Paxlovid, a Pfizer antiviral tablet, to treat Covid-19 on Wednesday. This is the first antiviral Covid-19 pill that may be taken at home by sick people before they need to be admitted to…

In Japan, McDonald’s is facing a shortage of French fries

Posted on December 22, 2021 by Priyanka Patil |

McDonald’s, the world’s largest fast food chain, is experiencing a chip shortage in Japan as a result of the worldwide supply chain issue. The problem at the home of the Big Mac, however, is not a shortage of chips. The…

Elon Musk has stated that he will pay more than $11 billion in taxes this year

Posted on December 20, 2021 by Priyanka Patil |

Elon Musk, the CEO of electric carmaker Tesla Inc, stated on Twitter on Sunday that he will pay more than $11 billion in taxes this year (approximately Rs. 83,690 crore). After Time magazine named Musk “person of the year,” Democratic…

TikTok Kitchen is launching delivery-only restaurants across the US in next year

Posted on December 18, 2021 by Priyanka Patil |

TikTok is getting ready to launch a new business that will turn its viral food videos into actual meals that you can order and eat. According to Bloomberg, the social media platform is teaming up with Virtual Dining Concepts and…

Rivian plans to build a $5 billion manufacturing plant in Georgia

Posted on December 17, 2021 by Priyanka Patil |

Rivian, the electric vehicle manufacturer, aims to start building a second manufacturing plant in 2022, despite falling short of its output targets at its current facility. Rivian stated on Thursday that its new $5 billion plant east of Atlanta, Georgia,…