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Science and Technology

Apple Sees First Quarterly Revenue Increase in a Year

Apple Sees First Quarterly Revenue Increase in a Year

Apple has had plenty of challenges to start the year. The Apple Watch has been altered by patent lawsuits, the App Store has come under fire from developers, and the iPhone has faced renewed competition in China.Topping it all off, the company was recently dethroned as the undisputed king of the stock market when Microsoft replaced it as the world’s most valuable public company.But on Thursday, the tech giant showed the versatility and strength of its business, reporting that sales rose 2 percent to $119.58 billion during the three months that ended in December. It was the first quarterly revenue…
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How X Is Trying to Win Over Influencers

How X Is Trying to Win Over Influencers

As Twitter, the social media company struggled to find its influencer niche. While YouTube had pranksters and beauty gurus, and Instagram had fashionistas and travel bloggers, Twitter had grouchy journalists, political flame wars, and niche humor. Before Mr. Musk took over, the company dabbled in different ways to attract creators. It provided funding for aspiring podcasters to create shows on its audio discussion feature, Spaces, and made an appeal to digital artists during the 2022 NFT boom.“We are all in a war for people’s time,” Mr. Weitz said.Some of the creators who X hopes to woo have been skeptical about…
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Elon Musk’s  Billion Tesla Pay Was Struck Down. What Happens Next?

Elon Musk’s $50 Billion Tesla Pay Was Struck Down. What Happens Next?

A Delaware judge’s decision to void the pay package that helped make Elon Musk the world’s richest person leaves Tesla’s board with some difficult decisions to make.Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery on Tuesday ordered Tesla to cancel stock options awarded to Mr. Musk, the electric car company’s chief executive, worth about $50 billion. Now the company’s directors must figure out a new compensation plan that can pass legal muster and satisfy Mr. Musk, who recently demanded that the board substantially increase his ownership of Tesla.Tesla and Mr. Musk could appeal the court decision. Mr.…
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Elon Musk’s Tesla Pay Package Is Voided by Judge

Elon Musk’s Tesla Pay Package Is Voided by Judge

Elon Musk, the chief executive of Tesla, suffered a stunning rebuke Tuesday when a Delaware judge voided the pay package that helped make him a billionaire many times over and the world’s wealthiest human being.In a decision that cast a harsh light on the behavior of Mr. Musk and Tesla’s board of directors, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery said the chief executive had effectively overseen his own compensation plan — currently worth about $50 billion — with the help of compliant board members.“The process leading to the approval of Musk’s compensation plan was deeply…
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