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TUT Report: Tesla board a risk to the company; Uber gets rid of logo; Twitter smooths path for live broadcasts

TUT is a summary of reports about Twitter, Uber and Tesla

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Tesla's board may be as big of a risk as CEO Elon Musk.

The board of directors of electric-car maker Tesla inc (NASDAQ:TSLA) may be as big a risk as erratic chief executive Elon Musk, a report in Forbes said.

After the half-baked plan by Musk to take the company private collapsed last month, six of Tesla’s nine directors said they “fully support" Musk, despite the fact that his tweets about privatization sparked shareholder litigation and an SEC inquiry.

The turnover of high-level engineering and finance executives should be a concern, but the board has remained silent, the report said.

Tesla stock was up 1.9% at US$294.95.

READ: Tesla loses its chief accounting officer and head of human resources; shares sink

Privately-held Uber Technologies Inc has done away with the logo it unveiled two years ago in favor of a new wordmark that simply uses the company's name, a report in The Verge said.

The ride-hailing company has also redesigned its mobile app and changed its mission statement to: "We ignite opportunity by setting the world in motion."

The old statement read: "Make transportation as reliable as running water, everywhere, for everyone."

The previous logo is being abandoned because consumers were not regularly connecting it with Uber, the report said.

READ: Twitter’s purge leaves user metrics healthier, but weighs on growth and outlook, says Wedbush

Twitter Inc (NYSE:TWTR) is making it easier to catch live broadcasts from the account one follows, a report by Engadget said.

Anytime an account that one follows starts a stream and shares a tweet about it, the broadcast ill be pushed to the top of one's timeline.

The report added that this the first time all live streams from any of the accounts a user follows will top the timeline. The new feature is rolling out now on both iOS and Android.

Twitter shares went up 0.33% to US$30.49.

Quick facts: Tesla Inc

Price: 1485 USD

Market: NASDAQ
Market Cap: $276.75 billion

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