Musk’s Acquisition Leads to a 40% Drop in X Platform’s 2023 Half-Year Revenue

June 19, 2024 – Since Elon Musk’s acquisition of the X platform, previously known as Twitter, the company has experienced a significant decline in revenue, as the billionaire entrepreneur had anticipated. According to regulatory documents obtained by Bloomberg, the X platform generated 1.48billioninrevenueduringthefirsthalfof2023,representingadecreaseofapproximately4044 billion. The documents also revealed that the X platform incurred a loss…

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Samsung Targets “Super-Connected Ecosystem” with AI-Equipped Home Appliances Next Year

June 19, 2024 – According to a report by Businesses Korea on the 18th, Samsung Electronics plans to integrate AI functionality into its home appliances starting next year. Following the launch of its first AI smartphone, the Galaxy S24, earlier this year, Samsung aims to swiftly dominate the “super-connected ecosystem” spanning home appliances and smartphones,…

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Warren Buffett Continues to Reduce Stake in BYD, Cashing Out Over HK$300 Million as Shareholding Drops to 6.9%

June 18, 2024 – Berkshire Hathaway, owned by Warren Buffett, has sold 1.3 million shares of BYD’s Hong Kong-listed stock on June 11th, realizing approximately HK$310.5 million. Following this reduction, Berkshire Hathaway’s stake in BYD’s issued H shares has decreased from 7.02% to 6.90%. This marks the 14th publicly disclosed reduction of BYD H shares…

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Tesla Sues Former Supplier for Battery Tech Theft, Demands Over $1 Billion

June 18, 2024 – Tesla has filed a lawsuit against its former supplier, Matthews International, accusing the company of stealing its trade secrets and attempting to patent confidential information related to electric vehicle batteries. The legal action was initiated in the Northern District of California federal court on Friday. Despite both companies being headquartered outside…

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