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Category: Corporations

All the Twitter Teams Elon Musk Has Cut (So Far)

GDA via AP Images Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.After a lengthy period of “will he or won’t he,” that’s gone on since last April, Elon Musk finally bought Twitter for the hilarious price of $54.20 per share—$44 billion total—a much higher price than…

Elon Musk Made It His Job To Make Himself Look Dumb

AP Photo/Ringo H.W. Chiu Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.In 1987, Oliver Stone released Wall Street. The film, in theory, was an indictment of the rapacious excess wrought by rising financialization. At the center was Gordon Gekko, played by Michael Douglas. “The personification of…

Biden Threatens Windfall Tax on Excessive Oil Profits

President Biden talks about oil profits and gas prices on Monday, October 31.Alex Brandon/AP This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. President Joe Biden on Monday threatened to pursue new legislation that would tax the windfall profits made by fossil fuel companies this year if…

Activists Demand Action Against Oil Giants Accused of Misleading the Public

BP’s Deepwater Horizon rig burns in April 2010 following an explosion that led to the worst oil spill in US history.Associated Press This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. Campaigners have urged governments to intervene after oil companies were accused of misleading the public about their commitment to…