Business

Lyft loses money again but eyes profits in about 2 years

Lyft is continuing to lose staggering sums of money as it barrels ahead with impressive revenue growth, but its executives said they believe the company will turn a corner and reach profitability in about two years.

Business

US clampdown has crypto kings looking abroad

After years on the sidelines, financial regulators in the United States are throwing the book at the free-wheeling cryptocurrency industry, with angry entrepreneurs threatening to take their business overseas.

Business

Alibaba quarterly revenue rises 2%: earnings report

China's Alibaba Group said Thursday its revenue rose two percent year-on-year in the quarter ending December 2022, as the internet giant shook off the impact of strict COVID containment measures and a slump in consumer demand.

Internet

Musk in control of Twitter, ousts top executives

Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company's general counsel, two people familiar with the deal said Thursday night.

Automotive

Volkswagen shifts gears with Oliver Blume taking wheel

Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

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Chief financial officer

the CFO or Chief Financial Manager is a high standing position in any company. he reports to the board and CEO and carries out vary tasks and assignments for them. they are regarded as the second in the company to the CEO himself. CFO offers high command capabilities for individuals and allows them to exercise there leadership qualities under such projects as debt refinancing as so on. a position as CFO should be viewed as one with options and links, however usually is given to someone who has vast amounts of experience in the industry.

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