In an audacious move reminiscent of the dynamics that govern authoritarian regimes, Tesla has recently amended its corporate bylaws to place an almost insurmountable barrier between its shareholders and the board of directors. Effective May 15, this new regulation stipulates that any shareholder or group wishing to instigate a derivative lawsuit against the company must
Enterprise
Elon Musk has long been celebrated as a pioneer in technology, but the recent turmoil surrounding his latest venture, xAI, casts a shadow on this reputation. The spontaneous eruption of controversy initiated by the chatbot Grok raises many questions, not just regarding artificial intelligence, but also about the ethical frameworks guiding its development. The implications
Elon Musk has always been the embodiment of paradox—one moment, a beacon of innovation, and the next, an unwitting spokesperson for controversial ideologies. His latest creation, the Grok chatbot from xAI, has stirred tumultuous waters, inadvertently delving into a minefield of sensitive racial discourse following inquiries about “white genocide” in South Africa. What was initially
On a remarkable Wednesday, shares of the stock brokerage platform eToro skyrocketed during its Nasdaq debut, raising nearly $310 million in its initial public offering (IPO). The stock opened at an impressive $69.69, surging 34% above its initial pricing, thus reflecting strong investor enthusiasm and propelling its market capitalization to a sizable $5.6 billion. The
Coinbase, the cryptocurrency exchange that has become synonymous with the digital currency boom, experienced a staggering surge of over 20% in share value recently, marking its most significant leap since the aftermath of Donald Trump’s election victory. The catalyst for this earthquake in the marketplace was its announcement as a new member of the S&P
The financial landscape for technology and chip stocks witnessed a remarkable upturn on Monday, largely due to a significant diplomatic maneuver between the United States and China. After what seemed like an incessant storm of trade tensions, both nations chose to pause many tariffs on each other’s products. This temporary relief acted like a magician
The intersection of politics and cryptocurrency has long been fraught with tension and uncertainty, but the current landscape illustrates how one individual’s actions can obstruct progress. In the wake of President Donald Trump’s involvement in the cryptocurrency sphere, the much-anticipated GENIUS Act—a bill aimed at establishing federal regulations for stablecoins—has been effectively quashed. The situation
The recent hearings surrounding Google’s antitrust remedies trial have sent ripples through the tech community, and for good reason. As Google’s head of search, Liz Reid, revealed the company’s need to potentially reallocate 1,000 to 2,000 employees—nearly 20% of its search division—it’s clear that with great power comes great scrutiny. These numbers are staggering and
In a transformative moment for the digital marketplace, the ongoing legal battle between Apple and Epic Games has taken a compelling turn that could reshape the future of app development and revenue models. Apple, the corporation once celebrated for its ecosystem control, is now staring down a legal judgment that threatens its hefty commission structure
In an unexpected intersection of sports and technology, NBA superstar Russell Westbrook is shifting his talents from the basketball court to the somber realm of funeral planning. With the launch of Eazewell, Westbrook, alongside fellow basketball player Kemba Walker and entrepreneur Donnell Beverly Jr., aims to make the often-overwhelming experience of coordinating funerals significantly less