NewStats: 3,261,190 , 8,173,352 topics. Date: Wednesday, 28 May 2025 at 02:02 PM 725m376z3e3g |
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Alvin007: They only sold 40,000 out of the predicted 250,000 annual sales, that is 16% of the target. Nobody wants poorly designed, overhyped car that has been recalled 8 times in the last one year. |
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Elon Musk’s polygonal pickup is a polarizing sales flop that's missed the billionaire’s volume goal by a staggering 84%. And there’s no sign that things are improving. The list of famous auto industry flops is long and storied, topped by stinkers like Ford’s Edsel and exploding Pinto and General Motors’s unsightly Pontiac Aztek crossover SUV. Even John Delorean’s sleek, stainless steel DMC-12, iconic from its role in the “Back To The Future” films, was a sales dud that drove the company to bankruptcy. Elon Musk’s pet project, the dumpster-driving Tesla Cybertruck, now tops that list. After a little over a year at market, sales of the 6,600-pound vehicle, priced from $82,000, are laughably below what Musk predicted. Its lousy reputation for quality–with eight recalls in the past 13 months, the latest for body s that fall off–and polarizing look made it a punchline for comedians. Unlike past auto flops that just looked ridiculous or sold badly, Musk’s truck is also a focal point for global Tesla protests spurred by the billionaire’s job-slashing DOGE role and MAGA politics. “It’s right up there with Edsel,” said Eric Noble, president of consultancy CARLAB and a professor at ArtCenter College of Design in Pasadena, California (Tesla design chief Franz von Holzhausen, who styled Cybertruck for Musk, is a graduate of its famed transportation design program). “It’s a huge swing and a huge miss.” “I do zero market research whatsoever.” Elon Musk, November 2019 Judged solely on sales, Musk’s Cybertruck is actually doing a lot worse than Edsel, a name that’s become synonymous with a disastrous product misfire. Ford hoped to sell 200,000 Edsels a year when it hit the market in 1958, but managed just 63,000. Sales plunged in 1959 and the brand was dumped in 1960. Musk predicted that Cybertruck might see 250,000 annual sales. Tesla sold just under 40,000 in 2024, its first full year. There’s no sign that volume is rising this year, with sales trending lower in January and February, according to Cox Automotive. And Tesla’s overall sales are plummeting this year, with deliveries tumbling 13% in the first quarter to 337,000 units, well below consensus expectations of 408,000. The company did not break out Cybertruck sales, which is lumped in with the Model S and Model X, its priciest segment. But it’s clear Cybertruck sales were hurt this quarter by the need to make recall-related fixes, Ben Kallo, an equity analyst for Baird, said in a research note. Tesla didn’t immediately respond to a request for comment. The quarterly slowdown underscores the fact that when it comes to the Cybertruck, results are nowhere near the billionaire entrepreneur’s carnival barker claims. “Demand is off the charts,” he crowed during a results call in November 2023, just before the first units started shipping to customers. “We have over 1 million people who have reserved the car.” In anticipation of high sales, Tesla even modified its Austin Gigafactory so it could produce up to 250,000 Cybertrucks a year, capacity investments that aren’t likely to be recouped. “They didn't just say they wanted to sell a lot. They capacitized to sell a lot,” said industry researcher Glenn Mercer, who leads Cleveland-based advisory firm GM Automotive. But the assumption of massive demand has proven foolhardy. And it failed to for self-inflicted wounds that further stymied sales. Turns out the elephantine Cybertruck is either too large or non-compliant with some countries’ pedestrian safety rules, so there’s little opportunity to boost sales with exports. “They haven’t sold a lot and it’s unlikely in this case that overseas markets can save them, even China that’s been huge for Tesla cars,” Mercer said. “It’s really just for this market.” More than a decade before Cybertruck went into production, Musk hinted that Tesla would eventually do some kind of electric pickup. When he unveiled his design to the world for the first time, Musk was clear that he did not want a conventional aesthetic or even something that played with pickup looks a bit but was still familiar, the approach Rivian took with its R1T pickup. “Pickup trucks have been the same for 100 years,” and Cybertruck “doesn’t look like anything else,” said Musk, who earlier that month had proudly told an audience at a conference for space entrepreneurs, “I do zero market research whatsoever.” That would be an apt tagline for Musk’s preposterous pickup. “The spectacular failure of Cybertruck was a failure of empathy,” said CARLAB’s Noble, whose company helps carmakers develop products based on consumer research. “Everything from the bed configuration to the cab configuration to its performance and all sorts of pickup truck duty-cycle issues, it’s just not empathetic to a pickup truck buyer.” Cybertruck’s distinctive look resulted from two key forces, said a person familiar with the development process, who asked not to be identified because the information isn’t public. One was Musk’s ion for sci-fi designs. The other was an early decision to create a vehicle that didn’t need to be painted. If Tesla opted not to paint the trucks, it wouldn’t need to install a new $200 million paintshop, a big potential cost savings. And it wouldn’t have to worry about EPA scrutiny from the harmful emissions and runoff those facilities often produce. Ultimately, Musk opted for a stainless steel exterior, the same choice Delorean made for his ill-fated sports car four decades earlier. But because Musk isn’t a production engineer, he may not have fully appreciated the challenges it presents versus aluminum or composite materials, the person said. Aside from the fact that stainless steel shows handprints–a common gripe about kitchen appliances–it’s hard to bend and likes to snap back to its original shape, one of the reasons there have been problems with Cybertruck body s. “This is where I think they misconstrued the tradeoff,” Mercer said. “They drooled over not spending $200 million on a paint shop, but probably spent that much trying to get the stainless steel to work.” Developing Cybertruck, including tooling expenses to make it in Austin, probably cost Tesla about $900 million, he estimated. And unlike the company’s other vehicles, like the Model 3 sedan and Model Y crossover, it doesn’t appear that the Cybertruck shares any development and production costs with other Tesla products. “Does it have a demonstrated technology that could be used elsewhere by the company? That is not the case,” Mercer said. “Can the manufacturing plant make all this other stuff based on investments for Cybertruck? No, it can’t. An unpainted stainless steel vehicle just doesn’t have that much broad traction.” There were bad omens from the start. At the vehicle’s unveiling in November 2019 to raucous Tesla fans in Los Angeles, a demonstration of Cybertruck’s supposedly shatter-proof “armor” glass by Musk and von Holzhausen went hilariously awry when a steel ball hurled at the vehicle busted the driver-side window twice. “Oh my fxcking God,” a chagrined Musk said. “We’ll fix it in post.” Then there was the price. Musk had promised that a base version of the vehicle with 250 miles of range would start at $39,900. He was off by about half. Currently, the base version of the truck, ostensibly priced from $72,490, costs $82,235 before a $7,500 federal tax credit that President Trump has vowed to eliminate. It claims up to 325 miles of range–if you don’t tow anything or drive too fast. The top-end “Cyberbeast” version is $105,735 and too pricey for the credit. Though Tesla isn’t making the entry-level version Musk promised in 2019, plunging resale values have made used Cybertrucks quite a bit more affordable, according to auto news site Jalopnik. You can get a lightly used one for less than $70,000, assuming you’re comfortable with the implied risk of vandalism. And prices could go lower still, exacerbated by about $200 million of unsold inventory the company is sitting on, Tesla fansite Electrek said this week. In the end, Musk cursed the Cybertruck by ignoring the reasons people buy pickup trucks — to haul things around and drive well in offroad conditions. The vehicle isn’t competent at either of those things, as has been endlessly documented in scathing reviews, a steady stream of “Cybertruck fail” videos and a 280,000-member “CyberStuck” Subreddit. Adding to the embarrassment is a developing sub-genre of videos showing stymied Cybertrucks being towed to safety by Ford F-150s or GM Silverados. “If there's anything the Detroit Three know how to do, it's full-size pickup trucks with extremely loyal buyers,” Mercer said. “He launched Cybertruck into the teeth of the hardest segment to crack.” https://www.forbes.com/sites/alanohnsman/2025/04/03/elons-edsel-tesla-cybertruck-is-the-auto-industrys-biggest-flop-in-decades/ seun Mynd44 nlfpmod
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Letmecum: You have have no idea how the system works. 3 Likes |
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President Donald Trump suggested the introduction of a "gold card" visa on Tuesday afternoon — a potential opportunity for foreign investors to buy their way to American citizenship. https://www.foxbusiness.com/politics/trump-introduce-gold-card-visa-wealthy-investors-5-million-price-tag-route-citizenship 8 Likes |
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Tyson Fury has dramatically announced his retirement from boxing with immediate effect. The Gypsy King, 36, revealed the shock news in a video to his fans on Monday afternoon. https://www.instagram.com/reel/DExJbz9tNk-/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA== 'Hi everybody, I'm going to make this short and sweet,' he said in a clip he shared to social media. 'I'd like to announce my retirement from boxing. It's been a blast, I've loved every single minute of it. 'I'm going to end with this. Dick Turpin wore a mask. God bless everybody, see you on the other side. GET UP!' Fury's announcement comes after he was beaten by Oleksandr Usyk via unanimous decision in their rematch in December, which saw the Ukrainian retain his unified heavyweight world titles. Fury's announcement has shocked boxing fans across the world, but some are questioning whether it is genuine, given the Gypsy King has previously retired from the sport. Back in 2022, Fury revealed he was 'done' with boxing after beating Dillian Whyte, only to return at the end of the year after six months to fight Derek Chisora. After beating Whyte, Fury had said: 'I am done. Every good dog has its day. Like the great Roman leader said, there will always be someone else to fight. When is enough, enough? 'I am happy, I am healthy. I still have my brains, I can talk, I have a beautiful wife, I have six kids, umpteen belts. 'I have plenty of money, success, fame, glory, what more am I doing it for?' Fury defeated Chisora by TKO before he then beat former MMA star Francis Ngannou via a controversial split decision. This set up a showdown with Usyk for the undisputed heavyweight title in Saudi Arabia, but Fury was forced to pull out of the original date due to his bout with Ngannou in December 2023. It was then delayed further due after the Gypsy King suffered a nasty cut above his eye, before the rivals finally took to the ring in May in 2024. Fury lost the bout via split decision, which was the first defeat of his professional career. As part of the contract signed for the world title showdown, Fury activated his rematch clause. However, despite an impressive display, Fury lost again, with this defeat coming via unanimous decision. The 36-year-old had been expected to return to the ring this year in a blockbuster Battle of Britain showdown against long-time rival Anthony Joshua. The two British heavyweights have shared a long-running and bitter rivalry over the years, with constant speculation at times that a highly-anticipated fight between them will finally take place. Yet, despite strong public for a bout and significant conjecture and negotiations, a showdown has never materialised. Earlier this month, rumours circulated on social media that a fight had finally been agreed between Joshua and Fury in what would be dubbed as 'The Battle of Britain' and arguably the biggest fight in British boxing history. Joshua had declared a fight with Fury 'had to happen' this year, while Saudi boxing chief Turki Alalshikh similarly outlined his for the showdown. Earlier this month, Joshua had given further credence to the fight as he said: '2025, I am targeting Tyson Fury.' Earlier on Monday, Eddie Hearn revealed he had booked out Wembley Stadium for the fight to potentially take place in 'May or June', but itted it all comes down to whether Fury wanted it after the defeat by Usyk. 'Yes. We're looking to get back in the ring in May or June. If it ended up being July, it doesn't really matter,' Hearn said at the Ring Awards when asked if he has booked in a Wembley date. 'I still think it rests on Tyson Fury. Until the water settles on the defeat and where he's at mentally and what he wants to do, that's where we're really going to find out. 'Because when he looks at the options, what else is he going to do and who else is he going to fight?' Some fans have questioned whether Fury's cryptic message at the end of his video which said 'Dick Turpin wore a mask' was a potential dig at Joshua's camp in of the fight negotiations. Many have suggested Fury is implying that he is not happy with AJ's camp, while he could be attempting to get a bigger share of any potential purse. If this is to be the end, Fury - who has seven children with wife Paris - will end his career with 34 wins, one draw and two losses, leaving Usyk as the only fighter to get the better of him. Alongside Usyk, he enjoyed memorable rivalries with Deontay Wilder, who he fought three teams and beat twice, while he also defeated Chisora on three separate occasions. The Briton climbed to the summit of the sport in 2015 with a famous world-title victory over Wladimir Klitschko before then underwent a turbulent time in his life. During a period of three years outside the ring, Fury battled mental health and drug issues, with the Gypsy King accepting a backdated two-year ban from UK Anti-Doping after testing positive for a 'prohibited substance' that he claimed was due to eating wild boar. Fury, who hails from Wythenshawe and lives in Morecambe, is estimated to have a net worth of around £130million https://www.dailymail.co.uk/sport/boxing/article-14278787/Tyson-Fury-RETIRES-boxing.html |
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GreyWolf01:You said we should read news from "neutral countries," but when asked to name them, you started speaking grammar. The reality is that every country has its own interests, either directly or indirectly, and the same applies to the media, they all fall somewhere on the political or ideological spectrum. Claiming the existence of neutral countries or neutral news media shows you are politically naive and no one can take you seriously. |
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Osiris12: Russia, Iran or China don't kill UK or British prisoners. After serving like 5-10 years in hell, they will use him to negotiate release of 5 of their citizens held in western prisons or to release seized funds |
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GreyWolf01: Maybe you should start by telling us who your "neutral countries" then we can take you seriously |
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A British man has been captured by Russian forces while fighting for Ukraine, according to reports. In a video circulating online, a man dressed in military clothing identifies himself as James Scott Rhys Anderson, 22, and says he formerly served in the British Army. Russian state news agency Tass quotes a military source saying that what they call a "UK mercenary" had been "taken prisoner in the Kursk area" of Russia, part of which Ukraine has held since launching a surprise offensive in August. The Foreign Office said it was "ing the family of a British man following reports of his detention". Scott Anderson, his father, said he had begged him not to go to Ukraine. "He wanted to go out there because he thought he was doing what was right," Mr Anderson told the Daily Mail. "I’m hoping he’ll be used as a bargaining chip, but my son told me they torture their prisoners and I’m so frightened he’ll be tortured." Mr Anderson said he was sent the video by his son’s commander and was left "in complete shock and tears". "I could see straight away it was him. He looks frightened, scared and worried," he added. In the video, first posted to the Telegram messaging platform, Mr Anderson tells a man questioning him from behind a camera that he served as a private in the British Army from 2019 to 2023. He says he ed the Ukraine's International Legion - a military unit made up of foreign volunteers - after losing his job and seeing reports on television about the war. He says he flew to Krakow in Poland from Luton and travelled from there by bus to the Ukrainian border. Ukraine launched a surprise attack into Kursk on 6 August, advancing up to 18 miles (29km) and taking control of around 1,000 square kilometres of Russian territory. Russia has deployed some 50,000 troops to the region, and has begun retaking territory amid fierce fighting. https://www.bbc.co.uk/news/articles/c8rl6jp78dyo
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GreyWolf01: What's the issue with the source? They are not the only outlet to report it 1 Like |
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A top Russian general, along with 500 North Korean soldiers, have allegedly been killed by British Storm Shadow missiles in a devastating attack. The strike launched by Ukraine on November 20 wiped out Lt-Gen Valery Solodchuk and also resulted with 18 Putin officers reported lost, with a further 18 wounded, it has been claimed. Earlier reports suggested that a Kim Jong-un general had also been left injured in the attack as he commanded troops backing Vladimir Putin's Ukraine invasion. The strike carried out by Ukraine was the first time UK Storm Shadow missiles had been used blast targets deep inside Russia. It is understood that the pinpoint missiles had hit a Putin command post and military facility with the scale of Russian losses now alleged to be enormous. Russian authorities have not yet confirmed losses which would be grievous to both Russia and North Korea if confirmed, and the reports are yet to be independently verified. The Storm Shadows were targeted on November 20 at an underground military facility in Maryino on a Tsarist estate, in Kursk region. New footage shows a Storm Shadow missile involved in the attack as it flew towards its target, it is claimed. If true, the losses may explain Putin's furious reaction - firing a new Oreshnik hypersonic missile at Dnipro, and his public boasts he had a new super weapon which was unstoppable by the West. Moscow also threatened that the use by Ukraine of NATO-supplied missiles meant Putin could legitimately hit back with nuclear missiles. The Russian officers reportedly killed are from Putin's Southern and Eastern Military Districts. The strike carried out by Ukraine was the first time UK Storm Shadow missiles had been used blast targets deep inside Russia. US-based Global Defense Corp reported that 500 North Korean soldiers were killed alongside Russian officers, however, there was no independent confirmation. Some 10,000-plus North Koreans are believed to have been moved across Siberia to the war zone after being ordered to serve Putin by their leader Kim Jong Un. They are either currently fighting for Putin or about to be deployed. Kim's decision to inject North Korean soldiers into Russia to help in Putin's bloody war has raised concerns among Kyiv's allies who worry that the move may exacerbate what is already Europe's largest conflict since WWII. The Storm Shadow missile attack last week hit the sanatorium of the Russian Presidential Affairs Directorate in Maryino, a former Tsarist estate, say reports. Britain's Storm Shadow missiles are capable of dodging air defences - making them a nightmare attack weapon for their enemy. The £800,000 rockets use GPS technology to precisely blast targets, and can travel through the air at 600mph. Storm Shadow missiles have already been used by Ukraine inside its own territory for some time, but Kyiv now appears to have been granted permission to use the weapons to strike within Russia. Storm Shadow - called Scalp by the French - is a weapon equipped with a navigation system that once launched, descends to a low altitude to avoid detection before locking onto its target using an infra-red seeker. On the final approach, the missile climbs to a higher altitude to maximise the chances of hitting the target. On impact, it penetrates the target before a delayed fuse detonates the main warhead. British Storm Shadow missiles have a range of up to 180miles, meaning Ukraine could now have the ability to strike targets inside Russia. The UK first confirmed it would supply Ukraine with Storm Shadow missiles in May last year, for use on Russian-occupied territory in Ukraine. Then defence secretary Ben Wallace had touted that the weapons would give Ukraine the 'best chance' of defending itself. It comes after outgoing US President Joe Biden gave war-torn Ukraine permission to use long-range missiles to strike deep inside Russia last week. The decision was a major US policy shift and comes as Biden is about to leave office and President-elect Donald Trump has pledged to limit American for Ukraine and end the war as soon as possible. https://www.dailymail.co.uk/news/article-14120107/Top-Russian-general-500-North-Korean-soldiers-killed-British-Storm-Shadow-missiles-devastating-attack.html https://www.msn.com/en-in/news/world/uk-begins-war-with-russia-putin-s-top-general-500-north-koreans-killed-in-storm-shadow-strike/vi-AA1uGgwt https://www.thesun.co.uk/news/31908156/russian-general-north-korean-troops-killed-british-missiles/ https://metro.co.uk/2024/11/24/uk-storm-shadow-missiles-kill-500-north-korean-troops-top-russian-general-22054898/
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Trump landslide coming
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Joe Biden has announced on his twitter page that he will not seek reelection at the 2024 US presidential election https://x.com/JoeBiden/status/1815080881981190320 Lalasticlala Fergie001 Mynd44 Nlfpmod Seun
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misreal: If this is what you got from my post, then I can help you. PS: I'm not a Muslim, I'm not sure how you came to that conclusion. 1 Like |
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The Godly thing to do is to kill you. That’s what the Torah says.” Video footage captured a verbal altercation that took place when an Israeli approached a group of American Christian preachers who had been stopped by Israeli police for unknown reasons. https://www.youtube.com/watch?v=lq28ZFNzaWM?si=Zi4fSiNcfkzZH2Lk |
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DM
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Twitter and Tesla CEO Elon Musk is no longer the richest person in the world after being usurped by LVMH chairman and CEO Bernard Arnault. According to Forbes' real-time billionaires list, the 51-year-old's net worth decreased by $4.5bn (-2.9%) in comparison to Arnault, who oversees some 70 fashion and cosmetic brands, whose rose by $849m (0.46%). Arnault's net worth is listed as $187.3bn (£151.1bn) on the Forbes list. Musk's $176.8bn (£142.6bn) real-time net worth is based largely on his 25% ownership of Tesla, but stocks closed down 6.87% for the day today. Stocks of the automotive company have more than halved in value this year partially due to a sell-off that accelerated in the wake of Musk's $44bn (£35.5bn) Twitter acquisition, CNBC reports, where he sold off approximately $4bn (£3.2bn) of Tesla stock. Forbes said that the businessman's wealth peaked in November 2021 when he was worth $320bn (£258bn). The Bloomberg Billionaires Index, which uses slightly different methodologies, was updated on Wednesday and also ranked Musk's fortune behind Arnault. Musk had been the world's richest man since September 2021, taking over from Amazon CEO Jeff Bezos. Much of Musk's wealth is tied up in his private companies including rocket and internet firm SpaceX, infrastructure and tunnel construction services company The Boring Company, and Neuralink, which wants to put computer chips in people's brains. According to Bloomberg, SpaceX, formerly known as Space Exploration Technologies Corp, is valued at around $140bn (£112.9bn) and dominates the market for commercial space launch. Musk's dip in global wealth rankings comes shortly after he was greeted with "a lot of boos" during an awkward on-stage appearance at a Dave Chappelle comedy show in San Francisco. In a clip posted to the mogul's Twitter , Chappelle is seen asking audience to "make some noise for the richest man in the world". They promptly oblige, though likely not in the way either of the men intended. Trying to interject the hostile reaction, Musk spent most of the five-minute appearance awkwardly standing still or pacing around on stage. In a now deleted tweet, Musk insisted that the crowd was "90% cheers" and "10% boos," which were a result of having offended "San Francisco's unhinged leftists". A day after his appearance with Chappelle, Twitter dissolved its Trust and Safety Council, which was formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform. Shortly after buying Twitter for $44bn in late October, Musk said he would form a new "content moderation council" to help make major decisions, but later changed his mind. Last week, three council announced they were reg in a public statement posted on Twitter that said "contrary to claims by Elon Musk, the safety and wellbeing of Twitter's s are on the decline". https://news.sky.com/story/elon-musk-overtaken-as-worlds-richest-person-by-lvmh-chairman-bernard-arnault-12767789
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David Beckham has said he is open to holding talks with any potential buyers of Manchester United, according to reports. Beckham is unable to afford the Premier League giants by himself but could form part of an investment consortium to purchase the club. Beckham's involvement could be beneficial for any prospective buyers given his long-standing history with the club.www.dailymail.co.uk/sport/sportsnews/article-11463607/amp/David-Beckham-open-talks-Man-Utd-takeover.html 11 Likes 3 Shares |
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Elvictor: Have you been to Kherson to confirm it's lie? Even Russia media has reported their troops have retreated 233 Likes 19 Shares |
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https://www.youtube.com/watch?v=ii4pXWiuJME Ukrainians celebrate liberation as Russia pulls out of Kherson. https://edition.cnn.com/videos/world/2022/11/11/snihurivka-ukraine-liberated-russian-forces-withdrawal-robertson-ovn-intl-ldn-vpx.cnn 27 Likes 8 Shares |
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immortalcrown: Yes o. The $44 billion has to be paid back somehow |
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Now that he owns Twitter, Elon Musk has given employees their first ultimatum: Meet his deadline to introduce paid verification on Twitter or pack up and leave. The directive is to change Twitter Blue, the company’s optional, $4.99 a month subscription that unlocks additional features, into a more expensive subscription that also verifies s, according to people familiar with the matter and internal correspondence seen by The Verge. Twitter is currently planning to charge $19.99 for the new Twitter Blue subscription. Under the current plan, verified s would have 90 days to subscribe or lose their blue checkmark. Employees working on the project were told on Sunday that they need to meet a deadline of November 7th to launch the feature or they will be fired. Musk has been clear in the months leading up to his acquisition that he wanted to revamp how Twitter verifies s and handles bots. On Sunday, he tweeted: “The whole verification process is being revamped right now.” Platformer’s Casey Newton first reported that Twitter was considering charging for verification. A spokesperson for Twitter didn’t respond to a request for comment by press time. Even though he is barely three days into being “Chief Twit,” Musk has moved quickly to make changes at Twitter, first by changing its homepage for logged out s. With the help of Tesla engineers he has brought into Twitter as advisors, he’s also planning mass layoffs aimed at middle managers and engineers who haven’t recently contributed to the code base. Those cuts are expected to begin this week with managers already creating lists of employees to cut. Employees tasked with executing projects of Musk’s since he took control Thursday evening have been working late into the night and over the weekend. The Twitter Blue subscription launched widely almost a year ago as a way to view ad-free articles from some publishers and make other tweaks to the app, such as a different color home screen icon. In the few quarters that Twitter reported earnings as a public company after that debut, advertising remained the vast majority of its revenue. Musk is keen on growing subscriptions to become half of the company’s overall revenue. https://www.theverge.com/2022/10/30/23431931/twitter-paid-verification-elon-musk-blue-monthly-subscription
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Elon Musk is closing in on seizing Twitter as talks between the Tesla magnate and the tech giant enter their final stages, reports say. The billionaire could take over the company as soon as this morning as the board reportedly looked set to accept his offer of $54.20 per share. The tycoon's representatives were said to be hammering out including a timeline and fees if an agreement was signed and then fell apart. The two sides were reportedly working into the early morning to finalize the fluid and fast-moving negotiations. It comes a fortnight after Musk first sought to woo shareholders with his $54.20-per-share bid. Representatives for Musk and Twitter met to discuss the prospective $43 billion sale Sunday, with the Wall Street Journal reporting that progress had been made. It is unclear whether Musk himself attended those talks. They come two days after he met privately with actively-managed funds which hold shares in Twitter, in a bid to convince them to take-up his offer. The paper said there were still issues to hash out after Sunday's meeting, and that there was no guarantee a final deal would be reached. Those issues are said to include what penalty Musk will pay should the deal fall apart before it is completed. Twitter rebuffed Musk's initial April 14 offer after he did not offer information on how he'd buy the network. The tycoon began to win over shareholders after revealing that he had secured financing with the help of Morgan Stanley, with half his stake in his car firm Tesla offered as collateral. Twitter's share price has rocketed since news of Musk's purchase of 9.2 per cent of the firm and initial offer, from around $39-a-share to $48.93 when the markets closed Friday. That is still below Musk's offer, which he has always insisted will be the only one he makes. Musk, chief executive of electric car giant Tesla, has been meeting with Twitter shareholders in the last few days, seeking for his bid. He has said Twitter needs to be taken private to grow and become a genuine platform for free speech. Earlier on Sunday, Musk had tweeted that he was 'moving on' to his more than 83 million followers, leaving many in the lurch as to what he was moving on from for several hours. Musk eventually clarified the tweet was in reference to 'making fun of Gates for shorting Tesla while claiming to climate change action,' and not moving on from takeover bid talks with Twitter. ![]() https://www.dailymail.co.uk/news/article-10751017/Elon-Musk-seize-Twitter-TODAY-talks-reach-final-stages.html?ito=social-twitter_mailonline |
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Former Secretary of State Colin Powell has died due to complications from COVID. He was 84 years old. His family released a statement on Facebook saying: 'General Colin L. Powell, former U.S. Secretary of State and Chairman of the t Chiefs of Staff, ed away this morning due to complications from Covid 19. 'He was fully vaccinated. We want to thank the medical staff at Walter Reed National Medical Center for their caring treatment. 'We have lost a remarkable and loving husband, father, grandfather and a great American.' The four star general was the first black secretary of State. He served under several Republican istrations – including for Ronald Reagan, George H. W. Bush and George W. Bush. Also, from 1991-1993 he served as the Chairman of the t Chiefs of Staff for Bill Clinton after being appointed to the post by Bush Sr. https://www.dailymail.co.uk/news/article-10103527/Colin-Powell-84-dies-complications-COVID.html 7 Likes 3 Shares |
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World University Rankings 2022 The Times Higher Education World University Rankings 2022 include more than 1,600 universities across 99 countries and territories, making them the largest and most diverse university rankings to date. The table is based on 13 carefully calibrated performance indicators that measure an institution’s performance across four areas: teaching, research, knowledge transfer and international outlook. This year’s ranking analysed more than 108 million citations across over 14.4 million research publications and included survey responses from almost 22,000 scholars globally. Overall, we collected over 430,000 datapoints from more than 2,100 institutions that submitted data. Trusted worldwide by students, teachers, governments and industry experts, this year’s league table reveals how the Covid-19 pandemic has started to shift global higher education performance. The University of Oxford tops the ranking for the sixth consecutive year, while mainland China has two institutions in the top 20 for the first time: Peking University and Tsinghua University share 16th place. Institut Polytechnique de Paris is the highest new entry at 95th place, following a merger of five institutions. The US is the most-represented country overall with 183 institutions, and also the most represented in the top 200 (57), although its share of universities in this elite group is falling. Mainland China now has the t fifth highest number of institutions in the top 200 (up from t seventh last year), overtaking Canada and on a par with the Netherlands. Six new countries feature in the table compared with last year: Azerbaijan, Ecuador, Ethiopia, Fiji, Palestine and Tanzania. Harvard University tops the teaching pillar, while the University of Oxford tops the research pillar and Macau University of Science and Technology leads the international pillar. Overall, 1,662 universities are ranked. A further 452 universities are listed with “reporter” status, meaning that they provided data but did not meet our eligibility criteria to receive a rank. https://www.timeshighereducation.com/world-university-rankings/2022/world-ranking#!/page/0/length/25/sort_by/rank/sort_order/asc/cols/stats
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