The streaming service is facing increased competition in the on-demand video space and is likely to face major headwinds.
It is not the first time LVMH is pursuing this type of deal. The company has acquired a series of top brands including Celine, Givenchy, and others.
Musk said explicitly that if indeed the company cannot achieve a "Starship flight rate of once every two weeks”, then there is a real risk of bankruptcy in the near term.
PayPal did not however rule out the possibility of pursuing Pinterest in the future. A statement released by the company said that “at this time”, there was no offer on the table.
Mark Zuckerberg announced his plans for a metaverse, as well as the renaming of Facebook as a company. This move aims to distance the company’s new and ambitious efforts from the social media platform – now considered a branch of Meta.
There have always been accusations from third-party sellers on Amazon that the e-commerce giant has worked hard to undercut them, but the company has pushed back against this accusation.
