Venture capital

SpaceX just bought a big ad campaign on Twitter for Starlink

SpaceX founder Elon Musk during a T-Mobile and SpaceX joint event on August 25, 2022 in Boca Chica Beach, Texas. Michael Gonzalez | Getty Images Elon Musk’s aerospace business SpaceX has ordered one of the larger advertising packages available from Twitter, the social media business he just acquired in a $44 billion deal and where …

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Elon Musk’s latest email to Twitter employees addresses working late

Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters On Friday, Twitter‘s new owner Elon Musk sent a companywide email to employees of the social media giant thanking them for working long hours since he took over on Oct. 28. Musk said he had …

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SoftBank returns to quarterly profit but unveils more Vision Fund pain

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images Japan’s SoftBank Group Corp reported its first quarterly profit in three quarters, …

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Twitter exec explains 3 types of accounts: official, paid, unlabeled

Twitter product executive Esther Crawford revealed details about the way the social network’s new verification scheme will work on Tuesday, following the company’s acquisition by Tesla and SpaceX CEO Elon Musk in late October. Some originally verified accounts will soon sport an “official” label, she said, while any user who pays $7.99 per month for …

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Ukraine looks to tech to rebuild economy after Russia invasion 

An attendee passes by the Ukraine stand at the Web Summit 2022 tech conference in Lisbon, Portugal. Patricia De Melo Moreira | Afp | Getty Images LISBON, PORTUGAL — As the war in Ukraine rages on, the country’s technology entrepreneurs are trying to stay positive. “I don’t think there’s something in the world that could …

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Twitter cut more than 950 California employees after Elon Musk took over, WARN notice shows

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images After Tesla and SpaceX CEO Elon Musk took ownership of Twitter last week, the social networking giant embarked on a steep reduction in its workforce. The cuts affected a total of 983 employees …

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Twitter reassures employees vested shares will be paid out this month

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images After Elon Musk closed his $44 billion purchase of Twitter last week, employees at the company braced for job cuts. Some told CNBC they were worried about losing their equity compensation if Musk …

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Tesla stock had its worst week since March 2020 amid wild week for Musk

Elon Musk Mike Blake | Reuters Tesla shares dropped nearly 16% during what CEO Elon Musk called a “very intense 7 days indeed” to one of his 108 million followers on Twitter. Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close one week later, Tesla shares were trading at $223.07, a decline …

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The Next Silicon Valley Will Be in the US Heartland

The Rise of the Rest investments you extoll certainly benefited from that exuberance—and now may suffer. Some Silicon Valley venture capitalists who were focused on rising cities might pull back. But most will realize it’s crazy that 75 percent of venture capital has gone to just three states over the last decade. In the next …

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Centre sets up panel to scale up PE/VC flows

The Centre has constituted a six-member expert committee under the Chairmanship of former SEBI Chairman M Damodaran to suggest measures for scaling up of venture capital and private equity (VC/PE) investments. This move is an implementation of an announcement made by the Finance Minister Nirmala Sitharaman in her budget speech this year. She had announced …

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