It is not the first time LVMH is pursuing this type of deal. The company has acquired a series of top brands including Celine, Givenchy, and others.
Musk said explicitly that if indeed the company cannot achieve a "Starship flight rate of once every two weeks”, then there is a real risk of bankruptcy in the near term.
PayPal did not however rule out the possibility of pursuing Pinterest in the future. A statement released by the company said that “at this time”, there was no offer on the table.
Mark Zuckerberg announced his plans for a metaverse, as well as the renaming of Facebook as a company. This move aims to distance the company’s new and ambitious efforts from the social media platform – now considered a branch of Meta.
There have always been accusations from third-party sellers on Amazon that the e-commerce giant has worked hard to undercut them, but the company has pushed back against this accusation.
Three of the major food delivery apps in the US are suing NYC over a new law that would limit how much they can fee restaurants for their service. According to them, this would force them to compensate for their margins on end consumers.
