INSEAD Day 4 - 728x90

Elon Musk

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • New York, United States - CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a regulatory filing, sending the share price up six percent on Monday. According to the filing with the Securities and Exchange Commission, the billionaire, who also owns social media platform X...
  • Musk faces legal onslaught from angry ex-Twitter workers

    The social media giant is facing a growing number of cases over the terms of terminating employees -- and even a complaint to the city of San Francisco that Musk has illegally converted office space into bedrooms so that workers can sleep on site. "It's very concerning that the richest...
  • Elon Musk briefly loses top spot as world’s richest person

    According to Bloomberg's ranking, calculated after US markets closed on Tuesday, had Musk in the lead at $178.9 billion, followed by Arnault at $165.1 billion.
  • Tweet sparks Musk fever in EU’s poorest corner

    The Tesla, SpaceX and now Twitter boss -- who is not immune to bouts of online whimsy -- recently commented on an image of the towering Belogradchik Rocks in northwestern Bulgaria under menacing clouds.
  • Musk kicks Kanye West off Twitter for ‘incitement to violence’ 

    West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have entered a disturbing spiral. On Thursday, he appeared on Infowars, the show fronted by conspiracy theorist Alex Jones, to rant about sin, pornography and the devil. "I like Hitler," West...
  • Musk says Twitter clash with Apple a ‘misunderstanding’

    The world's richest person, Elon Musk opened fire on the planet's most valuable company early this week over fees and rules at the App Store, saying Apple had threatened to oust his recently acquired social media platform. Analysts told AFP the clash may have came down to money, with Musk...
  • Musk’s Twitter lifts rule against Covid misinformation

    Twitter's New boss Elon Musk believes that all content permitted by law should be allowed on the social media platform, and on Monday described his actions as a "revolution against online censorship in America."
  • Twitter owner Musk signals new ‘war’ against Apple

    A series of tweets fired off by Musk included a meme of a car with his first name on it veering onto a highway off-ramp labeled "Go to War," instead of continuing onwards towards "Pay 30%." The billionaire CEO also tweeted that Apple has "threatened to withhold Twitter from its...
  • Journalists have much to lose if Twitter dies

    Journalists have been tied to the platform for announcements by politicians and celebrities -- most famously the dreaded late-night and early-morning tweets from Donald Trump that left hundreds of journalists sleep-deprived throughout his presidency. By rewarding the most vehement voices, the platform tends to drown out the majority of the...
  • Musk reinstates Trump’s Twitter account after poll

    Trump, who had more than 88 million users when his accounted was suspended, reveled in using Twitter as a mouthpiece during his presidency, posting policy announcements, attacking political rivals and communicating with supporters.
  • Amazon confirms it has begun laying off employees

    US media have previously reported that the platform and its various branches will lay off about 10,000 employees. Amazon did not confirm the figure, but he said that the process had begun and would continue early next year. The first teams affected were those dealing with the brand's electronic devices...
  • Twitter exodus begins after Musk ‘hardcore’ ultimatum

    Esther Crawford, the platform's director of product development and one of the few managers who have not been fired, who have not resigned and who still publicly support the new leader, tweeted: "To all the Tweeps who decided to make today your last day: thanks for being incredible teammates through...
  • Musk tells Twitter staff to work long hours or leave

    New York, United States— Twitter's new boss Elon Musk has asked staff to choose by Thursday between being "extremely hardcore" and working intense, long hours, or losing their jobs, according to an internal memo seen by AFP. The Tesla tycoon has come under fire for radical changes at the social media...
  • Twitter prank focuses unexpected spotlight on insulin prices

    The backlash against Eli Lilly showcased the real-life potential of online disinformation to trigger chaos and financial loss. The company's stock price has marginally recovered since last week's drop.
  • Musk sees aliens, tunnels in a candlelit G20 vision of the future

    The seemingly disembodied billionaire Twitter owner appeared by video link on Monday to address business leaders in Bali on the sidelines of the G20 summit, only his face and hands visible on an otherwise black screen.
  • Musk decides to give Indonesia G20 business meet a miss

    Musk, who also owns electric car maker Tesla, was due to speak at the so-called B20 business conference on the resort island of Bali but a court case over his 2018 pay package worth about $56 billion in stock options is slated to begin next week.
  • Twitter chaos deepens as key executives quit

    The convulsions followed the unveiling of the site's long-awaited Twitter Blue subscription service, which allows users to pay $7.99 per month for a coveted blue tick, as well as a separate gray "official" badge for some high-profile accounts. But the release descended into tumult on Wednesday when Musk scrapped the...
  • Meta lays off 11,000 staff, Zuckerberg calls it the ‘most difficult change’

    Zuckerberg said the cuts represented 13 percent of Meta's workforce and would affect its research lab focusing on the metaverse as well as its apps, which include Facebook, Instagram and messaging platform Whatsapp.
  • Elon Musk sells nearly $4bn in Tesla stock: SEC filing

    Musk has been searching for ways for the social media platform to make money after the buyout, including an idea to charge users $8 a month for verified accounts. The move would help overcome a potential loss of advertisers, Twitter's main source of revenue, after many top brands put their...
  • Renault to reorganize towards electric future

    The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on manufacturers to develop less polluting products. The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes...
  • Twitter suspends verified accounts impersonating @elonmusk

    A decision that will likely raise question marks over its commitment to free speech, Twitter has suspended many verified accounts after their user name was changed to Elon Musk. Musk tweeted on Sunday that any Twitter handles engaging in impersonation without clearly specifying 'parody' will be permanently suspended."
  • Twitter begins rolling out new paid subscription

    A week after Elon Musk took over the company, Twitter has begun rolling out a controversial new paid subscription system. Musk's promises and provocations have set off a wave of reactions, including warnings from the UN and an apology from Twitter's co-founder.
  • Elon Musk sacks half of Twitter’s staff in a major overhaul

    A week after he took the reins of the company, Elon Musk has sacked half of Twitter's 7,500-strong staff in a major overhaul of the troubled company. An internal document said "roughly 50 percent" of employees were impacted and would be denied access to company computers and email on an...
  • Twitter says layoffs to begin today

    A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday, California time, as to what their fate is.It does not give a number but the Washington Post and New York Times reported that about half of Twitter's 7,500 employees will...
  • White House deletes tweet after Twitter users intervene

    Elon Musk, the world's richest person, who took ownership of Twitter last week, hailed the correction saying the feature that produced it was awesome."Our goal is to make Twitter the most accurate source of information on Earth, without regard to political affiliation," Musk tweeted.
  • Restoring banned Twitter accounts may take some weeks: Elon Musk

    Twitter users have been watching closely to see whether Musk will reinstate Trump, banned for inciting last year's attack on the Capitol by a mob seeking to overturn the results of the 2020 election, and other de-platformed users.
  • Musk seeks changes at Twitter as he finalizes takeover

    After changing his Twitter bio to "Chief Twit," Musk reportedly worked over the weekend with software engineers from Tesla to look under the hood of the one-to-many messaging platform, and on planning massive layoffs.
  • Musk seeks to soothe critics with Twitter content panel

    The deal drew contrasting reactions, with former US president Donald Trump cheering the change of leadership on a platform that had banned him, while activists warned of a surge in harassment and misinformation. European politicians were quick to signal to Musk that the continent had regulations for social media companies.
  • Loans, investments, piles of his own cash: How Musk funded Twitter takeover

    The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August.
  • Elon Musk takes control of Twitter, fires executives

    Musk wasted no time sacking chief executive Parag Agrawal, as well as the company's chief financial officer and its head of safety, the Washington Post and CNBC reported citing unnamed sources. Agrawal previously went to court to hold the Tesla chief to the terms of a deal he had tried...
  • Seeking ‘healthy’ debate, Musk nears Twitter deal finish line

    New York, United States---Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate of ideas and counter the tendency of social media to splinter into partisan "echo chambers." In a message meant to reassure jittery Twitter advertisers on the eve of a court-imposed...
  • Big staff cuts likely at Twitter: report

    Twitter had filed a lawsuit to hold Musk to the terms of the takeover deal he inked in April, even though Musk tried to get out of it. A US judge recently suspended litigation in the saga after Musk expressed a change of heart, giving the parties until October 28...
  • Tesla profit jumps; revenues miss estimates

    Tesla watchers are expecting a strong fourth quarter.
  • Elon Musk says “excited” about taking over Twitter

    Having spent months trying to break free of the $44 billion buyout contract, Elon Musk now says he is "excited" about taking over Twitter. The social media giant had filed a lawsuit to hold Musk to the terms of the deal he inked in April after the Tesla chief said...
  • Musk jokes new perfume launch to fund Twitter purchase

    Musk is expected to complete a $44-billion takeover of Twitter by the end of the month. If he fails to do so, a trial for a breach-of-contract suit in the on-again-off-again deal will take place in November.
  • World’s first space tourist plans new flight to Moon with SpaceX

    Musk has promised the rocket will complete its first orbital test this year, and a version of Starship has already been selected to be used as a lander for NASA's Artemis missions to return humans to the Moon. Aarti Matthews, director of Starship crew and cargo, said SpaceX envisaged the...
  • Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal

    Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from Twitter, said a trial originally scheduled to begin in 11 days could be rescheduled for next month if a deal is not finalized. "If the transaction does not close by...
  • Wall Street stocks shine amid hopes of US policy pivot

    US equities posted gains for a second straight session amid hopes of a US monetary policy pivot, after a bruising September ended another losing quarter for Wall Street. Twitter surged on the revived chance of Elon Musk's takeover as the tech-rich Nasdaq Composite Index climbed 2.8 percent.
  • Twitter to roll out edit feature for Blue subscribers

    The long-awaited feature to edit tweets is being rolled out to those subscribing to Twitter's Blue service in Australia, Canada and New Zealand. According to the company's website, Twitter Blue subscriptions are priced at $5 monthly.
  • Tesla Q3 deliveries increase

    The company delivered a total of 343,380 vehicles
  • NASA, SpaceX study boosting Hubble to extend its lifespan

    Arguably among the most valuable instruments in scientific history, Hubble continues to make important discoveries, including this year detecting the farthest individual star ever seen -- Earendel, whose light took 12.9 billion years to reach us. It is currently forecast to remain operational throughout this decade, with a 50 percent...
  • Musk seeks to lift regulator ‘muzzle’ on Tesla tweets

    The SEC also charged Musk with fraud and ordered him to step down as chair of Tesla's board of directors, pay a $20 million fine and, after another controversial tweet in early 2019, demanded his tweets directly related to business of the company be vetted by a lawyer before posting.
  • Saudi Arabia to launch two astronauts into space aboard Elon Musk’s SpaceX

    The sources told Reuters that the deal was signed privately earlier this year with Houston’s Axiom Space.
  • Elon Musk intends to bring satellite internet to Iran

    Musk had initially announced that the Starlink satellite internet service had been made available on every continent "including Antarctica" with the company planning to launch up to 42,000 satellites to boost connectivity.
  • Twitter ex-security chief in Congress as shareholders back Musk buyout

    Nearly 99 percent of the votes cast by stock owners endorsed the agreement with Musk to sell him the tech firm for $54.20 per share, Twitter said in a release.Twitter added that it was ready to consummate the merger agreement immediately, and no later than September 15 as per a...
  • Whistleblower payment is latest Musk reason to drop Twitter deal

    A termination letter sent to Twitter accused the firm of not informing him about a multi-million dollar severance payment it made in June to departing security chief Peiter Zatko, who went on to file a whistleblower complaint criticizing Twitter's security practices, according to a copy of the letter filed with...
  • India’s Adani becomes world’s third-richest person

    The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20 spots on the index to now rank just behind Elon Musk and Jeff Bezos, Bloomberg News reported. Adani, 60, made his fortune in ports and commodities trading and now operates...
  • Musk subpoenas Twitter whistleblower in new twist to court battle

    According to court documents made public on Monday, Musk's attorneys served Zatko with a subpoena Saturday demanding he share any documents or messages regarding the impact of spam and false accounts on Twitter's activity, dating back to January 2019.
  • Twitter failed to safeguard users’ personal data, claims ex official

    Twitter misled users and federal regulators about glaring weaknesses in its ability to protect personal data, the platform's former security chief claimed in whistleblower testimony likely to impact the company's bitter legal battle over Elon Musk's takeover bid. In a complaint filed with the US Securities and Exchange Commission and...
  • Elon Musk subpoenas former Twitter chief Jack Dorsey

    Records made public on Monday show Dorsey was served with a legal order to give Musk any communications or documents related to the takeover deal inked in April, as well as information touching on false or spam accounts or how Twitter calculates the number of its active users. The subpoena...
  • Musk says tweet about buying Manchester United was a joke

    The world's richest man has a habit of posting provocative statements on Twitter for fun and Musk was at it again when he told his more than 103 million followers: "Also, I'm buying Manchester United ur welcome." The billionaire Tesla and SpaceX CEO made the comment in reply to another...