The Business Times

David Streitfeld

A Carvana used car "vending machine", in Miami, Florida, December 2022. The online used car seller wanted to replace traditional dealers with "technology and exceptional customer service", but has now had two rounds of staff layoffs as sales slowed.

For tech companies, years of easy money yield to hard times

Rock-bottom rates were the secret engine fuelling US$1 billion startups and virtual attempts to conquer the physical world. But in 2023, reality...

Musk’s US$44 billion takeover of Twitter is an individual buying something for himself that 240 million people around the world use regularly. He will have absolute control over the fate of the social media platform.

Elon Musk takes Twitter, and tech deals, to another level

Silicon Valley moguls used to buy yachts and islands. Now they are rich enough, and perhaps arrogant enough, to acquire companies they...

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