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bubmag

Xiaomi’s CEO admitted his SUV wasn’t cheap enough to beat Tesla. Then he launched one that is. Tesla

Xiaomi’s CEO admitted his SUV wasn’t cheap enough to beat Tesla. Then he launched one that is.

TL;DR Xiaomi’s new $34,300 YU7 undercuts the Model Y by $4,350 with 50km more range. Sales had dropped below 10,000 units a month. Most CEOs would not go on stage and admit their product was not competitively priced against a rival. Lei Jun did exactly that on Wednesday evening, and…
bubmag
May 23, 2026
News24 | Meta to SpaceX: How dual-class shares keep founders in control Space Debris

News24 | Meta to SpaceX: How dual-class shares keep founders in control

Meta CEO Mark Zuckerberg will testify at a groundbreaking social media addiction trial. Matt McClain/The Washington Post via Getty Images For more financial news, visit News24 Business.  The dual-class share structure outlined ‌in SpaceX’s initial public offering (IPO) filing, which grants CEO Elon Musk outsized control, has revived one…
bubmag
May 23, 2026
‘Time is not in Russia’s favor’: Battlefield losses and economic pain pile pressure on Putin, European spy chief says Ukraine

‘Time is not in Russia’s favor’: Battlefield losses and economic pain pile pressure on Putin, European spy chief says

Tallinn, Estonia  —  Russian President Vladimir Putin is running out of time to win his war against Ukraine, amid a stalemate on the battlefield and growing troubles at home, a European intelligence chief has told CNN. In the next four or five months, Putin “may not be able to negotiate from…
bubmag
May 23, 2026
When privacy disappears: What life looks like inside displacement shelters in Gaza Space Debris

When privacy disappears: What life looks like inside displacement shelters in Gaza

Shelters, including a temporary improvised bathroom set up between the tents. Photo by the author, used with permission. By Marwa Rommaneh In the early morning hours, when schools are supposed to prepare to welcome students, the yards are filled with men sleeping on the ground. Movement begins before sunrise, and…
bubmag
May 23, 2026