Porsche made its stock market debut on Thursday, in one of Europe’s biggest ever public offerings. The IPO, which values the automaker at around 75 billion euros, appears to have been a…


THE BUSINESS OF TECHNOLOGY
Porsche made its stock market debut on Thursday, in one of Europe’s biggest ever public offerings. The IPO, which values the automaker at around 75 billion euros, appears to have been a…
Autonomous vehicle company Cruise, which is owned by General Motors, is to launch a robotaxi service in Phoenix, Arizona and Austin, Texas before the end of the year, the company has announced. …
The second largest cinema chain in the world, the U.K.’s Cineworld, has filed for bankruptcy protection in the United States. The group runs 751 movie theaters in the world, including more than…
The iconic automaker Porsche is to go public in the next few weeks, despite turbulent economic conditions putting off other major deals. Volkswagen first contemplated spinning off Porsche in February, just before…
TV viewers in the United States are watching streaming services like Netflix and Disney + more than cable TV, according to a report by market measurement firm Nielsen—the first time streaming has…
Boom Supersonic, the aircraft maker seeking to bring back supersonic commercial flights, has sold 20 jets to American Airlines. Boom’s Overture four-engine jet promises speeds of up to Mach 1.7 over water…
Amazon has agreed to buy iRobot Corp., the company behind the Roomba robotic vacuum, in a deal worth $1.7 billion. Roomba will be added to Amazon’s already lengthy list of smart home…
Ride-hailing giants Uber and Lyft both reported promising Q2 results this week, as they took advantage of a post-Covid boom in travel. Uber posted its first ever cash-flow positive quarter. The Silicon…
Electric car maker Tesla has ditched 75% of its holdings in Bitcoin, after the cryptocurrency fell in value by more than 50% this year. In February last year Tesla boss Elon Musk…
Elon Musk will withdraw from his $44 billion agreement to buy social media platform Twitter, the billionaire has stated, although it remains to be seen whether he may yet be forced to…