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Showing posts with the label investors

X blockade ‘red flag’ for investors, say experts

Disruption in the use of social media has an economic impact and can fuel disinformation, experts said, commenting on the ban on the open use of X in Pakistan. Access to the social media giant has been blocked since Feb 17 as allegations of rigging during the Feb 8 general elections continue to make news. UK-based Alp Toker, the director of NetBlocks, said X disruption in Pakistan could have millions of dollars in economic impact in the region. "The disruption to X in Pakistan could have an economic impact in the region of $50m, based on our COST outage disruption impact estimator. This takes into account lost productivity and lost Business and investment opportunities," Toker said in a statement sent to Anadolu . Ban was imposed after an elections officer in Rawalpindi, Liaqat Ali Chattha, publicly claimed to have allegedly changed election results in his area. It soon went viral on social media. Read more: Freedom Network demands restoration of X, slams caretake...

Musk's all-nighters at Twitter raise concern for Tesla investors

SAN FRANCISCO: In 2018, Elon Musk was working through the night and sleeping at Tesla Inc's factories in California and Nevada as the company struggled to ramp up production of the Model 3. On Monday, Musk said he had worked through the night at Twitter's San Francisco headquarters and would keep "working & sleeping here" until the social media platform - which he recently acquired for $44 billion - was fixed. A self-described "nanomanager," Musk's penchant for working long hours in moments of crisis has been a well-known part of his brand. But the billionaire's deep dive into Twitter, after a protracted buyout that he tried to scrap, has some Tesla investors worried about his capacity to focus on his role as CEO of the world's most valuable carmaker. "Tesla investors are going to be frustrated," said Gene Munster, managing partner at venture capital firm Loup Ventures. "He's probably going to spend more time on ...

Tesla shares fall as investors bash Musk's Twitter focus

SAN FRANSICO: Tesla  shares extended declines to hit their lowest level in more than two years on Wednesday, as investors including a "fanboy" of CEO Elon Musk lashed out at Musk's distraction from the electric car company following his buy of Twitter. Shares of Tesla, the world's most valuable carmaker, is one of the worst performing stocks among major automakers and tech companies this year, as investors worry that Musk's Twitter buy could divert his time away from Tesla and he could offload more Tesla stocks to prop up the struggling social media company. Investors are also increasingly concerned that his antics could hurt brand and sales of Tesla, the world's top electric carmaker which faces increasing competition. "Elon abandoned Tesla and Tesla has no working CEO," KoGuan Leo, the third Largest individual share holder of Tesla, who describes himself of Musk's "fanboy," tweeted on Wednesday. "Are we merely Elon...