Insights
Who’s going to Davos? The unofficial list of Canadian World Economic Forum participants for 2019
Letter from the editor: Tech’s mobility omission
The 2019 federal election will largely be fought on energy and the environment, subscribers say
Briefing
Trudeau is months away from a Huawei decision, sources say
The government security review of 5G technology that could result in a ban on Huawei will reportedly not be finished any time soon. Meanwhile, Public Safety Minister Ralph Goodale said the final decision would not be affected by Chinese ambassador Lu Shaye’s warning yesterday that there will be “repercussions” for a Huawei ban. (Bloomberg)
Tesla to cut workforce by seven per cent after ‘most challenging’ year
The company will lay off about 3,400 employees, CEO Elon Musk announced in an email to staff on Friday. “While we have made great progress, our products are still too expensive for most people,” Musk wrote, noting competition from legacy car makers has placed pressure on the company to produce cheap vehicles on a short timeline—something Tesla hasn’t yet mastered. (Financial Times)
With offers below expectations, Hootsuite abandons auction process
In October, the social media software company hired Goldman Sachs to look into what price it could expect to be valued at in the case of its sale to a private-equity firm. Hootsuite talked to dozens of such firms, and some—like KKR & Co. and TPG Capital—indicated how much they might be willing to pay. Those offers came in well below the $1 billion the company was anticipating, so Hootsuite ended the process in late December 2018. (Globe and Mail)