Month: August 2018

Elon Musk reportedly became angry and head-butted a car at Tesla’s factory because the assembly line would stop when people got too close to it (TSLA)

According to The Wall Street Journal, Tesla CEO Elon Musk started head-butting a car at Tesla‘s Fremont, California, factory this spring after he learned the assembly line would stop when people came too close to it. “I don’t see how this could hurt me,” he reportedly said. “I want the cars to just keep moving.” […]

A passionate army of shareholders has shouldered MoviePass’ massive losses, as its leadership feeds them empty assurances (HMNY)

MoviePass and its parent company, Helios and Matheson Analytics, have covered massive losses by selling new shares of stock to a passionate base of retail shareholders. At a special shareholders meeting in July, Helios CEO Ted Farnsworth characterized them as an “army” and stressed that he had their best interests in mind, while seeking support […]

Investors are pouring money into developer startups so they can find a deal as good as Microsoft’s $7.5 billion GitHub acquisition (TEAM, MSFT)

Investors in Silicon Valley are throwing money at developer-focused startups after Microsoft’s $7.5 billion acquisition of GitHub in June made it clear that the sector is hot.  One CEO was laughed at when she first started fundraising in 2014. Now her company is worth $90 million. Other startups in the space are raising money at lofty […]