Elon Musk questioned Twitter directors’ alignment with shareholders over the weekend, citing most of the board’s small personal stakes in the social media company. The entrepreneur and world’s richest person offered to acquire Twitter in its entirety last week, to which the company’s board responded with a poison pill defense.
“Wow, with Jack departing, the Twitter (ticker: TWTR) board collectively owns almost no shares!” Musk tweeted on Saturday. “Objectively, their economic interests are simply not aligned with shareholders.”
Elon Musk thinks Twitter’s algorithm should be public. Here’s what that could mean
On March 24, a few weeks before he promised to buy Twitter, Elon Musk posted a survey on social media: "Twitter's algorithm should be open source," he wrote, with ways for users to vote "yes" or "no." Some Twitter technology is already open source, which means it is publicly available for anyone to ...
Amazon ordered to reinstate warehouse worker who was fired after protest
Stock
Amazon is facing legal consequences for its history of expelling protest participants. Reports that Judge Benjamin Green has ordered Amazon to reinstate warehouse employee Gerald Bryson, who was fired from his position at the JFK8 facility on Staten Island (recently voted for merger) after allegedly violating language policies during COVID security. -1...
Why J&J Is Shifting Its Focus From Covid Shots — And Seeing A Stock Resurgence
Stock
Johnson & Johnson (JNJ) downgraded its leadership in 2022 on Tuesday and reduced its Covid vaccination vision - but JNJ's stock came to light. In the first quarter, Johnson & Johnson's Covid vaccine generated $ 457 million in sales. But mo...
Here's how much private equity firms could pay in Twitter bidding war with Elon Musk
Stock
Private equity may be set aside for additional donations to help break Twitter in the extended hand of millionaire Elon Musk. A source familiar with the matter tells that Apollo Global Management (the parent company of Yahoo Finance) is analyzing options to provide potential subscribers with an agreement to keep Twitter private. The private equity powerhouse does not plan to buy Twitter directly, the sourc...
Mercedes-Benz Unveils New Weapon to Challenge Tesla
Stock
The German car company Mercedes-Benz is developing real weapons to challenge Tesla's leadership in high-performance electric cars. Clearly, the Mercedes-Benz is an unstoppable force in the race for electric cars. (
Stock
U.S. stocks rose Tuesday as investors reviewed earnings reports and a revised International Monetary Fund (IMF) forecast that the global economy would shrink sharply during the Russian invasion of Ukraine. The S&P 500 is up 1.3%, marking its best day...
Twitter Shares Rise As Elon Musk & Jack Dorsey Slam Board Amid Speculation On Rival Bids
Stock
Twitter stocks rose sharply on Monday, approaching Elon Musk's $ 54.20-per share request, as he spoke harshly to the company board amid rumors that some bids could be made. Shares rose almost 7.5% to close at $ 48.45 on the second full trading day from Thursday, when the CEO of Tesla made what he called the "last and la...
Bank of America Stock Gains as Loan Growth Helps Drive Q1 Earnings Beat
Stock
"Interest income has increased by $ 1.4 billion compared to the previous quarter supported by strong growth in loans and deposits," said CFO Alastair Borthwick. Bank of America (BAC) - sent the first quarterly revenue better than expected on Monday due to strong residual interest rates between improving loan demand and a $ 240 billion bank deposit base profit.
Elon Musk Hints At Tender Offer, Board Elimination In Latest Twitter Drama Twist; Stock Jumps
Stock
Elon Musk's weekend tweets suggest another U-turn to Twitter's billionaire strategy. Twitter (TWTR) - Get Twitter, Inc. The stock index rose sharply on Monday, but remains stable under Tesla (TSLA) takeover - Get Tesla Inc Report CEO Elon Musk last week, as the world's richest man focuses on what could be a vicious and prolong...
Is Tesla (TSLA) Still a Smart Long-Term Buy
Stock
Worm Capital, an investment management company, has published an investment letter for the first quarter of 2022 - a copy can be downloaded here. During the first quarter of this year, the fund performed well above its target, the S&P 500 TR by 25.64 percent but its annual return so far has dropped by 18.12%, compared to 4.59% of its be...
Netflix, Tesla earnings: What to know in markets this week
Stock
This week, the wage season will grow, giving investors a new set of business profitability data as they face higher inflationary pressures. The two biggest names announced this week will include Netflix (NFLX) and Tesla (TSLA), giving an early look at how some of the mega-cap technology companies performed earlier this year. Other names to be announced this week will cover a numbe...
Twitter needs to close a deal with Elon Musk:
Stock
Shares of Twitter Inc. acquired Monday after a communications company launched a self-defense pill to prevent Elon Musk's unsolicited bid to take the company privately to $ 54.20 a share. The security installation on Monday confirmed the Twitter protection strategy unveiled last week, which will allow the company to issue new stock all shareholders except Musk can buy at a discounted price. It im...
