INSIDER
Tesla posts first quarterly increase in deliveries, but shares slump with investors hoping for more
Read full article: Tesla posts first quarterly increase in deliveries, but shares slump with investors hoping for moreLow interest financing, sweet lease deals and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker.
T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt
Read full article: T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debtT-Mobile is buying U.S. Cellular’s wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry.
General Motors reports strong first-quarter profits as prices help offset small US sales dip
Read full article: General Motors reports strong first-quarter profits as prices help offset small US sales dipDespite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
Read full article: Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slowsTesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers.
Social media stocks slip amid Musk, Snap news
Read full article: Social media stocks slip amid Musk, Snap newsShares of social media companies have tumbled after a slew of news in the sector that concerned investors, including a report that Elon Musk may cut almost 75% of Twitter’s workforce and Snap’s muted fourth-quarter outlook.
Elon Musk buys Twitter for $44 billion, plans to take site private to ‘protect free speech’
Read full article: Elon Musk buys Twitter for $44 billion, plans to take site private to ‘protect free speech’Twitter is trending on its own platform after the company was sold to Elon Musk for $44 billion. Musk plans to take the site private and “protect free speech online,” he said.
Salesforce buying work-chat service Slack for $27.7 billion
Read full article: Salesforce buying work-chat service Slack for $27.7 billionIn a deal announced Tuesday, Dec. 1, 2020, business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. (AP Photo/Darron Cummings, File)Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Slack and Salesforce are headquartered about a block away from each other in San Francisco. Slack," Benioff said.
US tariff delay buys time for Big Tech
Read full article: US tariff delay buys time for Big TechJustin Sullivan/Getty ImagesCUPERTINO, Calif. - Dozens of tech companies are gearing up to announce new cell phones, laptops, video game consoles, toys and other gadgets for the holiday season. Most of those products would have gotten pricier because of new tariffs that the United States just delayed. Apple and many other tech companies count on the second half of the year, with new product announcements and the holiday season, to drive sales. Tech companies have spent decades building up interconnected supply chains which include parts suppliers, trained labor and transportation routes to support manufacturing in China. If tech companies did move production out of China, it would probably be to countries in Southeast Asia, close to the existing supply chain, rather than to the United States.
Sony has sold 100 million PS4 consoles
Read full article: Sony has sold 100 million PS4 consolesIn an earnings report released Tuesday, Sony revealed it sold 3.2 million of the game consoles in the quarter that ended June 30, pushing it to the 100 million unit sales mark. Sony debuted the PS4 in November 2013 and by December 2017 had sold over 70.6 million units worldwide. In 2017, Sony console sales underwent a resurgence as newer, better PlayStation games, such as Dragon Quest XI, Injustice 2 and Madden, hit the market. According to analyst Dan Ives, the PS4 has sold well above competitors, calling the 100 million "an impressive number." Sony hasn't released a new generation console since the PS4 although it did debut an iteration, the PS4 Pro, in September 2016.