Business Maverick: Tesla Drops on Concern Twitter Would Divide Musk’s Attention

to take Twitter Inc. private is the first time he has attempted to buy a fully formed company of that size. His previous enterprises, which also include SpaceX and the Boring Co., have largely been built from the ground up in his image.

“As the CEO of a trillion-dollar company, Elon Musk should focus on Tesla and not waste time attempting to acquire and manage a $43 billion company,” said David Trainer, CEO of investment-research firm New Constructs, in an email. Even if he has executives to help run his different enterprises, Musk is anything but a delegator. He has described himself as a “nano-manager” and handles almost all major decisions at his companies. When Tesla was having trouble getting the Model 3 production line going, he famously slept at the factory to oversee assembly.

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Business Maverick: From Russia with a middle finger: Stagflation stalks Africa as Ukraine conflict fans inflationIn its latest Africa’s Pulse report, the World Bank warns that the spectre of stagflation is stalking Africa as inflation surges and central banks react with rate hikes. Russia’s imperialist invasion of Ukraine is fanning the flames of food and fuel inflation and the poorest of the poor on the world’s poorest continent will suffer the most. From Russia with a big middle finger stuck in the air.
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