CEOs told to ‘think before they tweet’ after Just Eat spat with Uber

Boss’s Twitter rant against Uber Eats risks backfiring, as experts warn online outbursts can damage companies’ reputation

Chief executives are being warned to “think twice before they tweet” after the boss of takeaway company Just Eat Takeaway was told his Twitter spat with Uber threatened to undermine the firm’s reputation.

Jitse Groen this week became the latest in a growing list of chief executives to be rebuked by customers, investors and even regulators over ill-judged tweets.

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Tesla second-quarter profits top $1bn even as it struggles to handle demand

A global shortfall of semiconductors has affected the Tesla supply chain as well as car manufacturers across the world

Tesla made a profit of more than $1bn in the last three months even as it struggled to keep up with demand for electric cars in the face of a global chip shortage.

The company announced Monday that it has made a profit of $1.14bn in its second quarter, 10 times what it made a year ago and its eighth quarter of back-to-back profits.

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David Eagleman: ‘The working of the brain resembles drug dealers in Albuquerque’

The neuroscientist, broadcaster and author on the evolution of the brain, the mystery of consciousnesss, and why the next generation will be much smarter than us

David Eagleman, 50, is an American neuroscientist, bestselling author and presenter of the BBC series The Brain, as well as co-founder and chief executive officer of Neosensory, which develops devices for sensory substitution. His area of speciality is brain plasticity, and that is the subject of his new book, Livewired, which examines how experience refashions the brain, and shows that it is a much more adaptable organ than previously thought.

For the past half-century or more the brain has been spoken of in terms of a computer. What are the biggest flaws with that particular model?
It’s a very seductive comparison. But in fact, what we’re looking at is three pounds of material in our skulls that is essentially a very alien kind of material to us. It doesn’t write down memories, the way we think of a computer doing it. And it is capable of figuring out its own culture and identity and making leaps into the unknown. I’m here in Silicon Valley. Everything we talk about is hardware and software. But what’s happening in the brain is what I call livewire, where you have 86bn neurons, each with 10,000 connections, and they are constantly reconfiguring every second of your life. Even by the time you get to the end of this paragraph, you’ll be a slightly different person than you were at the beginning.

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Clamour for wealth tax grows after revelations about super-rich’s affairs

Data leak published by ProPublica fuels calls to tighten up system which sees ultra-wealthy pay little or no tax

The revelation last week that the 25 richest US billionaires have paid very little tax even as their fortunes have soared has reignited demands for wealth taxes on both sides of the Atlantic.

An unprecedented leak of “a vast trove” of 15 years of Internal Revenue Service (IRS) data to the investigative news site ProPublica has provided a staggering insight into the legal strategies the very rich deploy to avoid tax.

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Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed

ProPublica investigation shows how little US super-rich, including Jeff Bezos and Elon Musk, reportedly paid between 2014 and 2018

The 25 richest Americans, including Jeff Bezos, Warren Buffett and Elon Musk, paid a “true tax rate” of just 3.4% between 2014 and 2018, according to an investigation by ProPublica, despite their collective net worth rising by more than $400bn in the same period.

Related: Global economy set for fastest recovery for more than 80 years

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The tech billionaire space race: who is Jeff Bezos up against?

As Amazon founder prepares to jet off in his Blue Origin vessel, can he compete with Elon Musk’s SpaceX?

Every billionaire needs something to spend their fortunes on. For Howard Hughes, it was the Spruce Goose; for Roman Abramovich, it’s Chelsea FC. And for the current crop of tech moguls, it’s space.

Jeff Bezos has led the charge. He founded his company, Blue Origin, in 2000, after a conversation with his friend, the science fiction author Neal Stephenson. And in July, 21 years later, the investment will pay off: Bezos will blast himself, his brother, and a third fee-paying guest 100km up in the company’s New Shepard rocket, brushing the edge of space until he comes back down to earth three minutes later.

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Far-left activists claim responsibility for Tesla factory site fire in Germany

Investigators examining letter from group claiming to be behind fire at Grünheide ‘Gigafactory’ site

German police are investigating whether a fire that broke out overnight at the construction site of Tesla’s first European Gigafactory had a political motive, after far-left activists claimed responsibility.

The fire at the site in Grünheide in the eastern state of Brandenburg early on Wednesday morning damaged several power cables, said a spokesperson for the LKA state criminal investigation office.

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Bitcoin falls almost 30% after China crackdown

Digital currency under pressure from payment crackdown and tweets from Elon Musk

The price of bitcoin fell by almost 30% on Wednesday, after a Chinese government crackdown on banks’ use of cryptocurrencies accelerated a long-predicted sell-off, in a day of chaotic trading.

The world’s largest digital currency tumbled to about $30,000 (£21,000) amid frenzied trading, a drop of more than 50% since it hit record highs of more than $64,000 in mid-April. However, by 10pm UK time, the bitcoin price had risen back to about $38,500, still down 11% on the day, according to Refinitiv data.

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Tesla crash driver posted videos of himself riding without hands on wheel

  • Steven Hendrickson, 35, killed earlier this month in fatal crash
  • Authorities say car may have been operating in autopilot mode

The driver of a Tesla car in a fatal crash that California highway authorities said may have been operating on autopilot posted social media videos of himself riding in the vehicle without his hands on the wheel or foot on the pedal.

The 5 May crash in Fontana, a city 50 miles east of Los Angeles, is also under investigation by the National Highway Traffic Safety Administration (NHTSA). It is the 29th case involving a Tesla the federal agency has investigated.

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Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use

Digital currency, which is made with an energy-intensive process, falls 17% after the tweet

Tesla has suspended customers’ use of bitcoin to purchase its vehicles, Elon Musk said on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.

Related: Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention

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SpaceX finally launches and successfully lands its futuristic Starship

Previous test flights of the rocketship, which Elon Musk plans to use for future missions to the moon and mars, ended in explosions

SpaceX launched and successfully landed its futuristic Starship on Wednesday, finally nailing a test flight of the rocketship that Elon Musk intends to use to land astronauts on the moon and send people to Mars.

The previous four test flights ended in fiery explosions before, during or soon after touchdown at the south-eastern tip of Texas, near Brownsville.

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Elon Musk startup shows monkey with brain chip implants playing video game

Neuralink video appears to show monkey controlling game paddle simply by thinking

The billionaire entrepreneur Elon Musk’s brain-chip startup released footage on Friday appearing to show a monkey playing a simple video game after getting implants of the new technology.

The three-minute video by Neuralink shows Pager, a male macaque with chips embedded on each side of its brain, playing Mind Pong. Although he was trained to move a joystick, it is now unplugged. He appears to control the paddle simply by thinking about moving his hand up or down.

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Elon Musk denies Teslas used for spying after China’s military bans cars from bases

We would get shut down if we were spying, says boss of electric car maker, after reports about security concerns in Beijing

Tesla chief executive Elon Musk says his company would be shut down if its cars were used to spy, his first comments on news that China’s military has banned Teslas from its facilities.

“There’s a very strong incentive for us to be very confidential with any information,” Musk told a prominent Chinese forum during a virtual discussion on Saturday. “If Tesla used cars to spy in China or anywhere, we will get shut down.”

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Elon Musk changes his Tesla job title to ‘technoking’

Company’s financial chief has been rebranded ‘master of coin’ following £1bn bitcoin investment

Elon Musk, the billionaire chief executive of Tesla with a penchant for eccentric behaviour, has changed his job title to “technoking” of the electric car manufacturer.

In addition to Musk, who also retains his position as chief executive, the company’s financial chief, Zach Kirkhorn, has been rebranded as “master of coin”.

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Anger after Indonesia offers Elon Musk Papuan island for SpaceX launchpad

Biak island residents say SpaceX launchpad would devastate island’s ecology and displace people from their homes

Papuans whose island has been offered up as a potential launch site for Elon Musk’s SpaceX project have told the billionaire Tesla chief his company is not welcome on their land, and its presence would devastate their island’s ecosystem and drive people from their homes.

Musk was offered use of part of the small island of Biak in Papua by Indonesian president Joko Widodo in December.

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Tesla share price plunge knocks $267bn off market value

Decline wipes billions off Elon Musk’s fortune as investors fear firm is vastly overvalued

A sharp decline in Tesla’s share price has wiped more than $250bn (£193bn) off the value of the electric car company, and dragged down the value of an Edinburgh-based investment fund that is one of Tesla’s biggest backers.

The shares dropped by 7.5% in early trading in the US on Friday to $575 – setting them on course to close down 16% this week and 35% below their record peak of $883 on 26 January.

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Clubhouse app: what is it and how do you get an invite to the audio app Elon Musk uses?

The exclusive invitation-only social networking app is a hybrid of conference calls, talkback radio and Houseparty

Part talkback radio, part conference call, part Houseparty, Clubhouse is a social networking app based on audio-chat. Users can listen in to conversations, interviews and discussions between interesting people on various topics – it is just like tuning in to a podcast but live and with an added layer of exclusivity.

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Is big tech now just too big to stomach?

The Covid crisis has turbo-charged profits and share prices. But are the big six now too powerful for regulators to ignore?

The coronavirus pandemic has wrought economic disruption on a global scale, but one sector has marched on throughout the chaos: big tech.

Further evidence of the industry’s relentless progress has come in recent weeks with the news that Apple and Amazon both raked in sales of $100bn (£72bn) over the past three months – 25% more than Tesco brings in over a full year.

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Up in flames: SpaceX Starship test flight ends in fiery crash, again

  • Futuristic rocket explodes on landing after test in Texas
  • Elon Musk developing Starship to carry people to Mars

SpaceX’s second full test flight of its futuristic, bullet-shaped Starship ended in another fiery crash landing on Tuesday.

Elon Musk’s company launched its latest Starship prototype from the south-eastern tip of Texas, two months after the previous test ended in an equally explosive belly flop.

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Covid billionaires should help starving people, says charity boss

Head of World Food Program USA says 235 million people ‘marching toward starvation’

Billionaires whose wealth has soared during the coronavirus pandemic should stump up to provide emergency aid to the record numbers of people facing starvation, the head of a US charity supporting the World Food Programme has said.

Related: Billionaires' wealth rises to $10.2 trillion amid Covid crisis

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