Here’s what we have for you today:
• Media legend
• Example of fuel
• Balancing furniture
Media mogul taking the leave
Farewell: Chairman of News Corp. and Fox Corp., Rupert Murdoch will be officially leaving the position in November 2023.
Company value: Fox Corp. as of late September 2023 has a market cap of around $15 billion. Whereas News Corp. has a market cap of around $11 billion.
When: Rupert started in the media industry in 1954, after taking the helm of what was previously called News Ltd.
Oil still on top of electric vehicles
The record: In Norway, EVs accounted for 80% of total passenger car sales in 2021. At this trajectory, Norway can achieve nearly 100% EV sales by 2025.
Overall: However, gasoline and diesel consumption have barely budged in the Scandinavian country as of 2023.
Currently: In the first half of 2023, road fuel sales hovered around 62,000 barrels daily, a 10% drop from the 70,000 sold between 2017 and 2019, well after the EV boom began.
Furniture company Wayfair’s situation
These days: With people going back to the traditional way of buying furniture after the pandemic and other reasons, Wayfair appears to be falling behind.
Meanwhile: Although Wayfair has cut its losses over the past six months in 2023 to $401 million from $697 million in comparison to the year-earlier six-month period.
The balance: The company currently has roughly $3.4 billion in assets and $6 billion in liabilities.