Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

25 Jan. (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have fueled demand for its electric vehicles, Chief Executive Elon Musk said Wednesday, allaying concerns that a weak economy would curb buyer interest. The company slightly beat Wall Street’s targets for fourth-quarter revenue and profit earlier on Wednesday, despite a sharp decline in vehicle profit … Read more

Microsoft cloud outage affects users around the world

Microsoft cloud outage affects users around the world

A failure has consequences for the Microsoft cloud platform Azure for hours Multiple Microsoft services including Teams and Outlook hit Microsoft says most customers have now restored service Shares down 3.2% Jan. 25 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it had restored all of its cloud services after a network outage knocked out … Read more

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

WASHINGTON, Jan. 24 (Reuters) – US senators on Tuesday criticized Live Nation Entertainment’s lack of transparency and inability to block bot purchases of tickets at a hearing following a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour . Ticketmaster, a subsidiary of Live Nation Entertainment Inc (LYV.N), which has been unpopular with … Read more

Spotify is cutting 6% of jobs, content is leaving

Spotify is cutting 6% of jobs, content is leaving

Jan 23 (Reuters) – Spotify Technology SA (SPOT.N) said on Monday it plans to cut 6% of its workforce and take a related charge of up to $50 million, adding to the massive layoffs in the technology sector in preparation for a possible recession. The tech industry is facing a slump in demand after two … Read more