can t imagine why. well, look, now, this idea is being used in new ways, and omar mehtab has been looking at the phenomenon of the scalpers. with the pandemic came lockdowns, and with the majority of the population stuck at home, we had nothing really to do.but buy. and so online spending went up. we bought clothes, hobby kits, sourdough starters, fire pits, hot tubs, gym equipment, anything to get us through it, and that includes gaming consoles like the brand new p55. but there was a problem the semiconductor shortage. the shortage of semiconductors. they don t have the semiconductors. what is that? simply put, they are the brains of modern electronics. so, they re in pretty much every product. electronics need them. cars, smart phones, laptops, gaming consoles. and so, with very few on the market, fans are trying websites to try and get them. however, there is money to be made. in come the scalpers. so, these are people who buy rare or sought after items and resell them
elon musk has launched a hostile bid to take over his hobby twitter. the billionaire behind tesla uses the platform to connect with his 81 million followers. he thinks the company is essential to the functioning of democracy and that he s the right person to unlock what he describes as its extraordinary potential . yes he s recently emerged as its biggest shareholder but the announcement still took the corporate world by surprise. he s offered to pay $54.70 cents a share more than what the shares are currently trading for. at that figure, the business would be worth $15 billion. joining me now is debra aho williamson, principal analyst at insider intelligence. he s not short of a few bob but is he good for that kind of money? certainly, he s the richest man in the world, he certainly has the money, or can probably obtain the money if he is smart and he really wants to do this. i think the big question for me is, does he really want to do this or is this just yet
hello, welcome to the programme. number 10 say britain needs a deterrent against illegal migration, the draught bill clearing its final hurdles in the commons this evening. we will discuss what s in it. did the british government get it right in sudan? uk nationals urged to make their own way to an airstrip north of khartoum, through countless checkpoints and under their own steam . eight flights left today. but still several thousand to evacuate. also tonight. reports ukraine is getting ready for the next major assault against russian forces. we will look at the current situation on the ground, and assess just how well equipped they are to do that. and where is the government s strategy on semi conductors? the uk is losing ground to rival countries in a crucially important sector. we will speak to the director of one start up who is threatening to relocate his operations to the united states. but first, to westminster, where mps have been voting this evening on the illegal
million. hello and welcome a long, this is world business report, i m ben thompson. starting in the us where one of the most closely watched media trials in decades has been delayed. ajudge in delaware announced late on sunday that the $1.6 billion defamation trial by dominion voting systems against fox news and its parent company would start on tuesday instead. that has now been confirmed. the lawsuit alleges that the broadcast of the reputation of dominion by repeatedly airing lies about its vote counting machines and election fraud in the 2020 us presidential election. let s cross live to wilmington where michelle fleury is in delaware where the trial was due to start. we say was due to start, lots of people keeping a very close eye on this but they will have to wait possibly a bit longer. this is very high stakes media trial, people are calling this one of the biggest media trials in decades. judge erick davis just convened the court right now to explain the delay. he sai
we begin with more on twitter and the latest security concerns. as you ve been hearing, the company s former head of security alleges the social media giant has hidden negligent security practices, misled federal regulators about its safety, and failed to properly estimate the number of bots on its platform. twitter has denied the allegations saying they contain many inaccuracies and inconsistencies, but the revelations could have huge consequences for twitter, including possible fines and the potential unravelling of elon musk s bid to buy the company. joseph menn, from the washington post, was one of the reporters who broke the story. he explained what motivated peiter zatco to file this whistleblower complaint. peiter zatco is an unusual person, one of the most famous actors in america and has pioneered and co ordinated disclosure where security researchers find flaws in programmes and work with the vendors to establish fixes for the problems before going public. he led cy