Wednesday, April 6, 2022

Twitter’s Board Games | Tesla’s Water Worries | MLB’s Highest-Paid Players 2022


Good morning.

One way to explain Parag Agrawal's decision to name Elon Musk to
Twitter's board of directors might be an old adage: keep your friends close—and the world's richest person who has just become your company's largest shareholder, closer. We're also covering how Tesla is dealing with water supply challenges at its newest manufacturing plants, and unveiling this year's list of baseball's highest paid players. Finally, don't miss the story of how a Nigerian-born entrepreneur became one of just two Black tech billionaires in the United States.

Sofia Lotto Persio

Sofia Lotto Persio

Curator-In-Chief | Twitter

In The News Today

The Dutch authorities seized 14 megayachts believed to be owned by Russian individuals that were under construction or maintenance at several shipyards in the Netherlands. 

A man has died after crashing his car into the gate of Russia's embassy in Romania—it remains unclear whether the incident was an accident or deliberate.

Top Take-Aways

Twitter CEO Parag Agrawal's decision to offer Elon Musk, now the company's largest individual shareholder, a seat on the board is likely an attempt to forestall a public spat with the incendiary billionaire, who has long nursed a love and hate relationship with the social network.

Trading app Public, which last year denounced the controversial payment-for-order-flow practice common among competitors such as Robinhood, has come up with a different way to offer free trades: sell public companies and ETF sponsors access and data.

Concerns about water supplies delayed the opening of Tesla's first European auto plant in Germany. The same issue is also plaguing another one of the electric vehicle maker's "giga" manufacturing plants—the one in Austin, Texas, due to open tomorrow.

Federal investigators are on the trail of an insider at a California government agency who allegedly helped inmates at a state prison
siphon $250,000 in taxpayer funds—a peculiar yet not uncommon case of Covid-19 unemployment benefit fraud involving public sector employees.

MLB emerges from a three-month lockout over a new collective bargaining agreement, its ten top earners are set to collect $377 million combined this year, an all-time high. One of the sport's top agents, however, believes the league missed a big opportunity. For one player, instead, the big money is earned off the field.

We've published new stories digging into the data and the personalities featured in this year's world's billionaires ranking: we're looking at which U.S. state is home to the most billionaires, who are the youngest members of the global three-comma club, a budget airlines pioneer making his list debut, and which 2021 newcomers dropped off in 2022.

Today's Must Read

Nigeria-Born Tope Awotona Poured His Life Savings Into Calendly. Now He's One Of America's Wealthiest Immigrants
Nigeria-Born Tope Awotona Poured His Life Savings Into Calendly. Now He's One Of America's Wealthiest Immigrants

Calendly was built out of frustration. Now the scheduling app is worth $3 billion—and the subject of a heated Twitter spat among Silicon Valley elite.

Read The Full Story →

In Case You Missed It

The U.S. House of Representatives passed the MORE Act, a bill that would end the federal prohibition on cannabis by removing it from the list of banned controlled substances, on Friday. It's the second time the bill passed the House—it will face strong headwinds in the Senate.


Tips You Can Trust

The pressure to be "always on" is contributing to a growing problem of fatigue among employees. Workplace leaders should consider these six tips to prevent both their teams and themselves from feeling exhausted.

Deciding whether to leave a job is never easy, so it can help to think about whether there's any compatibility between your personality and the workplace—here are three examples.

Today's Must Watch

How A Swimwear Brand Found Its Fit At The Intersection Of Tech, Fashion And Data Analysis


How A Swimwear Brand Found Its Fit At The Intersection Of Tech, Fashion And Data Analysis

On the heels of closing $6.1 million in Series A funding led by Founders Fund, for a total funding of $8.7 million, Summersalt cofounder Lori Coulter is running one of the most heavily funded female-founded direct-to-consumer brands.


From Beyond The Newsroom

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Forbes Advisor | Smart Financial Decisions Made Simple
Survey: Most Drivers Don't Understand Their Car Insurance Coverage

Car insurance is meant to be a financial safety net, but our survey found that this safety net has a lot of big holes due to lack of basic knowledge. We surveyed American drivers on their auto insurance knowledge.

Read More →

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