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Elon Musk's audacity may finally catch up with him

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Here’s the deal: Federal regulators have announced that SpaceX, Musk’s private space travel company, will no longer receive nearly $900 million in subsidies awarded last year. [it] It was able to deliver the internet service it promised.

Let’s rewind a little.

The gamble seems to have backfired as the FCC withdraws the subsidy and says the Starlink service is “still developing technology” and is slowing down, says my colleague Jackie Wattles. reporting.

SpaceX did not respond to a request for comment, as is often the case with companies run by Mr. Musk.

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Part of Elon Musk’s whole unique and visionary mega-billionaire persona (believe it or not) is that he runs multiple companies with grand ambitions.

His antics – over-promising, troll-like tweets, reckless corporate raids, naming one of his children X Æ A-12 – even if you find it offensive, you can still see the daring. I must be grateful.

However, it seems that Mask’s bad behavior has finally caught up with him.

In recent days, Musk has sold $7 billion worth of Tesla shares in case he loses a legal battle with Twitter and is forced to buy the company he no longer wants. At the same time, California officials filed a complaint alleging that Tesla lied in advertising about its Autopilot and fully self-driving technology (not fully self-driving, despite their names). Did.

In June, when several SpaceX employees signed a letter criticizing Mr. Musk’s actions, the company fired at least five of those involved. A month later, his giant SpaceX rocket prototype exploded on launch. What was Musk’s response on Twitter?

“Yeah, not really good.”

The same goes for masks.

Number of Days: 8.5%

The annual consumer price index was 8.5% in July, well below June’s 9.1%, but still at a historically high level, making inflation headlines a bit more optimistic than expected today. rice field.

So that’s good news. Even better news: overall prices he did not rise at all in June and July. The last month in which prices did not increase was November 2020.

it’s not all But good news. He is the only reason prices have not increased. This is because energy costs, which are notoriously volatile, have fallen. Removing them increased prices in virtually every other category.

Bottom line: The July report shows that the Fed’s rate hikes may not have had the desired effect. Soaring energy prices may have fallen as demand began to dry up.

sloppy job description

Imagine being in a room when someone from Domino’s, the most aggressive mediocre pizza purveyor on the planet, pitches the idea of ​​entering the Italian market.

Let’s see what we do, we take objectively inferior American pies and sell them to the very people who invented pizza, to whom food is a source of national pride. It is not only a place, but also a fundamental foundation of the Italian cultural identity…

it’s crazythe boss answers. It’s so crazy it could work…

Spoiler alert: it wasn’t.

Domino’s Pizza has officially closed all of its stores after seven years of trying to succeed in Italy, according to Italian media.

When Domino entered the Italian market in 2015, it had big plans. He signed a 10-year franchise agreement with a Milan-based company called ePizza. Together they planned to introduce a large-scale pizza delivery service that did not yet exist in the country at the time.

It wasn’t an instant catastrophe. By the beginning of 2020, ePizza managed 23 of his stores in Italy and 6 more through sub-franchise partners.

However, it turned out that Italians preferred Italian pizza to American types with distinctive American toppings like pineapple.

who could have guessed? (By the way, everyone?)

While some may have attributed Domino’s failure to a brazen attempt to invade the birthplace of pizza, ePizza blames the end of its competition with food delivery apps. .

EPizza filed for bankruptcy in April after failing to generate enough sales during two years of pandemic restrictions amid “unprecedented competition” from local restaurants.

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