Oracle’s Chairman Larry Ellison made a surprising announcement on Tuesday that the company would be moving its world headquarters to Nashville, Tennessee. The decision to move the “huge campus” to Nashville is based on the city’s reputation as an established health center, making it a strategic location for Oracle to be closer to a major
Enterprise
The Philippines’ Securities and Exchange Commission (SEC) has taken a bold move by ordering Google and Apple to remove cryptocurrency exchange Binance from their app stores. The SEC cited concerns about the security of the funds of investing Filipinos due to Binance’s unregistered securities offerings and operating as an unregistered broker, which goes against the
The recent price reductions by Tesla and Li Auto have had a significant impact on their stock prices, with Tesla shares dropping by 3% in premarket trading and Li Auto falling to an 11-month low. This suggests that investors are concerned about the implications of these price cuts on the companies’ profitability and market position.
The recent Bitcoin halving event on Friday resulted in a reduction of miner rewards from 6.25 bitcoins to 3.125 bitcoins. This event has prompted significant price volatility in the cryptocurrency market, with Bitcoin trading around $64,100 according to Coin Metrics. While the halving itself may not have an immediate impact on the price of Bitcoin,
The semiconductor company ASML caused a stir when its CEO, Peter Wennink, indicated that they may consider relocating operations if certain conditions were not met. The company’s concerns stemmed from plans by the Dutch government to reduce tax breaks for highly skilled migrants and restrict the number of foreigners attending Dutch universities. These changes would
Tesla CEO Elon Musk recently sent out an internal email acknowledging a mistake in some of the severance packages that were sent to laid-off workers. This error, which resulted in some employees receiving lower-than-expected severance payments, was promptly addressed by Musk with a promise to correct the issue immediately. The company did not provide further
Recently, Tesla announced that they would be laying off 285 employees in the state of New York. Most of these employees were part of the workforce at the company’s Buffalo factory, with a smaller number coming from a store and service center in the area. The layoffs are part of a broader restructuring effort by
Andreessen Horowitz recently announced that it has raised an impressive $7.2 billion across five different funds. This news is a clear indicator of the optimism prevailing in the tech startup world. The co-founder of the firm, Ben Horowitz, expressed his delight in reaching this significant milestone in a blog post. The bulk of the new
In a surprising turn of events, Drew Baglino and Rohan Patel have announced their departure from Tesla, the electric vehicle maker and clean energy company. CEO Elon Musk expressed his gratitude to the departing executives on X, the social network that he owns and operates as the chief technology officer. Baglino had been with Tesla
Tesla has recently announced a significant layoff of over 10% of its global workforce, marking a troubling turn of events for the electric vehicle giant. CEO Elon Musk cited the need for cost reductions and increased productivity as the driving force behind the decision, indicating a shift in the company’s strategy. This move comes at
