 |  | | Monday, December 23, 2019 ⢠By Anthony Ha |
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Happy Monday Boeing names a new chief executive, Tesla receives financing for its Shanghai factory and the U.S. Navy is not a fan of TikTok. Here’s your Daily Crunch for December 23, 2019. |
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| Boeingâs CEO Dennis A. Muilenburg is CEO no longer, the company announced today. Effective January 13, 2020, current Board Chairman David L. Calhoun takes over the top executive officer spot at the aerospace company, and becomes president, as well. This isn’t exactly a surprising decision: Boeingâs year has been marked primarily by its handling of the 737 Max issues it faced, which stemmed from aircraft failures that resulted in crashes and the deaths of passengers. Read more |
|  Image Credits: Tom Williams / Getty Images |
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| Tesla has reportedly secured over $1.4 billion in financing in the form of loans from multiple Chinese banks in order to help fund the construction of its new gigafactory in Shanghai. First Reuters and now Bloomberg reported the funding, with an official announcement supposedly scheduled for sometime this week. Read more |
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| According to a notice published by the U.S. Navy this past week, TikTok will no longer be allowed to be installed on service membersâ devices, or they may face expulsion from the military serviceâs intranet. This is just the latest example of the challenges facing the extremely popular app. Read more |
|  Image Credits: Getty Images |
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| So whatâs next? Jon Evans runs through some candidates for Next Big Thing and wonders whether something has to be next at all. Read more |
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| HomeLane helps property owners furnish and install fixtures in their new apartments and houses. The company has established 16 experience centers in seven Indian cities so that consumers can touch and see materials and furniture. Read more |
|  Image Credits: Getty Images |
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| These last 12 months have been replete with scandals, new and interesting upstarts, fallen CEOs and big fundraises. (Extra Crunch membership required.) Read more |
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| On the latest episode of Equity, Alex and Kate discuss some new venture funds. And on Original Content, we review Netflix’s “Marriage Story,” as well as the latest Star Wars movie “The Rise of Skywalker.” Read more |
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