Revolut CFO Mikko Salovaara has quit, citing “personal reasons,” just weeks after an independent auditor raised concerns about the company’s revenue.
Ford’s EV Unit Is Losing Billions, Company Likens It to a Startup
Ford revealed that its EV unit is losing billions of dollars and says it should be viewed as a startup, one Ford is committed to.
Amazon Is Taking Half of Sellers’ Revenue
Many e-commerce companies rely on Amazon for the bulk of their business, but it is a costly proposition with Amazon taking half of their revenue.
Move Over Subscription Economy, Usage-Based Billing Is Here
Subscription pricing models may be an unforeseen casualty of the economic downturn, paving the way for usage-based billing.
Amazon Reports First Unprofitable Year in Almost a Decade
Amazon delivered its quarterly report and it was bad news as the company turned in its first unprofitable year in almost a decade.
Intuit Lobbying Congress to Protect Its Tax Filing Business
Intuit is going all-in in its lobbying efforts to protect its lucrative tax filing business at a time when Congress is threatening it.
Tesla’s Net 2022 Bitcoin Losses Totaled $140 Million
Tesla executives may be regretting the company’s investment in Bitcoin, with its losses totaling a whopping $140 million in 2022.
Snap Is Cutting Google and AWS Cloud Spending
Snap is cutting back its cloud spending, reducing how much it pays both Google Cloud and AWS.