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In October 2002, eBay acquired PayPal for $1.5 billion, and that same year, with $100 million of the money he made, Musk founded SpaceX, a spaceflight services company. In 2004, he became an early investor in electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, assuming the position of CEO in 2008. In 2006, Musk helped create SolarCity, a solar-energy company that was acquired by Tesla in 2016 and became Tesla Energy. In 2013, he proposed a hyperloop high-speed vactrain transportation system. In 2015, he co-founded OpenAI, a nonprofit artificial intelligence research company. The following year, Musk co-founded Neuralink—a neurotechnology company developing brain–computer interfaces—and the Boring Company, a tunnel construction company. In 2022, he acquired Twitter for $44 billion. He subsequently merged the company into newly created X Corp. and rebranded the service as X the following year. In March 2023, he founded xAI, an artificial intelligence company.
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Musk has expressed views that have made him a polarizing figure.[7] He has been criticized for making unscientific and misleading statements, including COVID-19 misinformation and antisemitic conspiracy theories.[7][8][9][10] His ownership of Twitter has been similarly controversial, being marked by the laying off of a large number of employees, an increase in hate speech and misinformation and disinformation on the website, as well as changes to Twitter Blue verification. In 2018, the U.S. Securities and Exchange Commission (SEC) sued him, alleging that he had falsely announced that he had secured funding for a private takeover of Tesla. To settle the case, Musk stepped down as the chairman of Tesla and paid a $20 million fine.
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datasets:
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- EdinburghNLP/xsum
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- samsum
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In October 2002, eBay acquired PayPal for $1.5 billion, and that same year, with $100 million of the money he made, Musk founded SpaceX, a spaceflight services company. In 2004, he became an early investor in electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, assuming the position of CEO in 2008. In 2006, Musk helped create SolarCity, a solar-energy company that was acquired by Tesla in 2016 and became Tesla Energy. In 2013, he proposed a hyperloop high-speed vactrain transportation system. In 2015, he co-founded OpenAI, a nonprofit artificial intelligence research company. The following year, Musk co-founded Neuralink—a neurotechnology company developing brain–computer interfaces—and the Boring Company, a tunnel construction company. In 2022, he acquired Twitter for $44 billion. He subsequently merged the company into newly created X Corp. and rebranded the service as X the following year. In March 2023, he founded xAI, an artificial intelligence company.
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Musk has expressed views that have made him a polarizing figure.[7] He has been criticized for making unscientific and misleading statements, including COVID-19 misinformation and antisemitic conspiracy theories.[7][8][9][10] His ownership of Twitter has been similarly controversial, being marked by the laying off of a large number of employees, an increase in hate speech and misinformation and disinformation on the website, as well as changes to Twitter Blue verification. In 2018, the U.S. Securities and Exchange Commission (SEC) sued him, alleging that he had falsely announced that he had secured funding for a private takeover of Tesla. To settle the case, Musk stepped down as the chairman of Tesla and paid a $20 million fine.
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OnePlus faces the prospect of going out of store in some states in the Indian market next month. Reports this week suggest OnePlus phones will be taken off around 4,500 stores in different parts of the country from May 1, 2024 onwards. It has been pointed out that the retailer organisation taking charge of stores in the South and western parts of the country are not pleased with the company for various reasons.
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The South Indian Organized Retailers Association (ORA) has been quoted saying that OnePlus does not garner enough margins for its network to sell OnePlus phones and that will definitely come as a big jolt to the popular brand.\n
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Report also mentions that the ORA has sent a formal complaint to OnePlus executives earlier this week, stating that until the issues regarding OnePlus warranty and margins are not resolved, retailers will decide against selling OnePlus phones at their stores in states like Gujarat, Maharashtra, Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, that caters to a total of 4,500 stores./n
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Having said that, the retailers looking to stop selling OnePlus phones are associated with multi-retail brands, so it is possible that small-time mobile shops could still offer phones from the brand. OnePlus has claimed to be one of the top-sellers via online channels but its focus on the offline market seems to have wavered which seems to have caused this displeasure among the retailers in the country.
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We have previously seen that offline retailers play a big role in the growth and demand for phones, and OnePlus will need to do everything to make sure this issue is resolved at the earliest, before it starts to impact its online sales as well. We’re still a few weeks away from the deadline, which ensures OnePlus can still get things sorted and go back to business as usual in these regions.
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datasets:
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- EdinburghNLP/xsum
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- samsum
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