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Instagram
Instagram overtakes TikTok in app downloads in race for new users
...So far, in 2024, that company has already hit more than $500mn GMV in the US. Meta and TikTok did not respond to requests for comment....
March 8, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...Shares in the company, which declined 5.6 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers....
April 15, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News in-depthApple Inc
Apple’s Vision Pro will test Tim Cook’s legacy as an innovator
...“Cook’s legacy as an operator is already solidified as world class,” said Gene Munster at Deepwater Asset Management. “His legacy as an innovator is going to hinge on how the Vision Pro plays out.”...
February 1, 2024
LexStreaming services
Disney, Fox and Warner sports streaming platform foreshadows consolidation Premium content
...Like them, the new sports streaming companies hope that there is safety in numbers....
February 7, 2024
LexInternational Airlines Group
How a British Airways comeback may offer hope for legacy airlines Premium content
...But IAG can prove there is mileage yet in the legacy model....
February 29, 2024
Tesla Inc
Tesla’s Q1 is going to be a wreck. Will anyone care?
...“We are hard-pressed to think of any other precedent of a company of Tesla’s size basing its path of success on such binary bets,” writes Barclays, apropos the latest thing:https://twitter.com/elonmusk/status...
April 17, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
War in Ukraine
Ukraine urges India to rethink ‘Soviet legacy’ of Russia ties
...But this is not the legacy that will be kept for centuries; it is a legacy that is evaporating.”...
March 29, 2024
Anglican Church
Church of England urged to target £1bn for legacy of slavery fund
...By 1739, when the South Sea Company stopped engaging in slave trading, the bounty held annuities issued by the company valued at £204,278 — equivalent to about £443mn today....
March 4, 2024
Retail & Consumer industry
UK restaurant sector hit by cost of living and Covid legacy
...Its turnover increased 20 per cent to a record £90mn in 2023, as the company benefited from stable demand from a customer base that could better withstand rising living costs....
March 9, 2024
Airlines
US airlines under fire for raising baggage fees again
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
March 10, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...As they garner more information about their companies — assuming it is positive — they hold fast. Of course it cuts both ways....
April 19, 2024
Ithaca Energy Inc
Ithaca Energy in exclusive talks for Eni’s UK upstream assets
...The deal would make Ithaca one of the biggest independent oil producers in the North Sea and could spur further consolidation, as companies seek scale to fund investment and the cost of decommissioning legacy...
March 27, 2024
Netflix Inc
Netflix’s subscriber sign-ups blow past Wall Street expectations
...Netflix struck an optimistic note about the health of its business, marking a sharp contrast with legacy Hollywood studios suffering from steep declines in linear television and heavy streaming losses....
January 24, 2024
News updates from December 18: Apple halts US Watch sales, US boosts Red Sea shipping security
Icahn criticises ‘legacy’ Illumina board after Grail divestment decision
...Activist investor Carl Icahn said it would be a “great mistake” to allow legacy directors on the board of Illumina to influence the company even after it announced on Sunday it would divest Grail, the cancer...
December 18, 2023
News in-depthArcher Daniels Midland Co
ADM CEO’s legacy clouded by accounting probe at commodity trader
...“I think he certainly views the buildout of the nutrition [division] as an important part of what could be his legacy at the company,” said Adam Samuelson, an analyst at Goldman Sachs who has been covering...
January 26, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
March 26, 2024
Transcript
Transcript: ‘The Boy and the Heron’, and Miyazaki’s legacy
...The Boy and The Heron is Miyazaki’s latest film with his animation company, Studio Ghibli....
January 5, 2024
Due Diligence
How buying Teslas hurt Hertz Premium content
...Legal legacy Ira Millstein’s work led to a landmark shift in the centre of corporate power from company management to boards, the FT writes in an obituary of the lawyer....
March 20, 2024
News in-depthTrafigura
Trafigura’s Jeremy Weir: trader-in- chief seeks to draw a line under corruption scandals
...The company agreed to pay $127mn in fines and forfeited profits....
April 12, 2024
Paramount Global
Sony and Apollo discuss teaming up to bid for Paramount Global
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
April 19, 2024
News in-depthTesla Inc
Tesla’s ‘gravity-defying’ powers at risk as EV market slows
...“I still love the company....
April 5, 2024
Money laundering
Swiss private banker charged with stealing dirty money from own client
Case is latest in a series of scandals exposing the enduring legacy of secrecy in Swiss banking
April 3, 2024
Inheritance
Are you anticipating a mid-life windfall?
...But there are emotional and practical issues around managing a legacy. Should one prioritise pent-up spending needs or preserve it for the next generation?...
February 5, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...But the company was ultimately unable to get permission to operate locally....
April 19, 2024
Apple Inc
US accuses Apple of building smartphone market monopoly in antitrust case
...“Today we add to that distinguished legacy,” said Kanter. The DoJ last year sued Google for allegedly exercising monopolistic control of the digital advertising market....
March 21, 2024

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