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Friday, April 22, 2022

Musk says he has secured $46.5 billion in funding for Twitter bid

Elon Musk on Thursday said he had put $ 46.5 billion in debt and financing to buy Twitter Inc and was considering taking his direct contribution to shareholders, exhibitors and American regulators.

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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 ...

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Amazon ordered to reinstate warehouse worker who was fired after protest

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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...

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Why J&J Is Shifting Its Focus From Covid Shots — And Seeing A Stock Resurgence

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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...

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Here's how much private equity firms could pay in Twitter bidding war with Elon Musk

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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...

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Mercedes-Benz Unveils New Weapon to Challenge Tesla

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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. (

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Stock market news live updates: Stocks rise as investors weigh flurry of earnings, downgraded IMF forecast

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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...

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Twitter Shares Rise As Elon Musk & Jack Dorsey Slam Board Amid Speculation On Rival Bids

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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...

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Bank of America Stock Gains as Loan Growth Helps Drive Q1 Earnings Beat

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"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.  

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Elon Musk Hints At Tender Offer, Board Elimination In Latest Twitter Drama Twist; Stock Jumps

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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...

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Is Tesla (TSLA) Still a Smart Long-Term Buy

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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...

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Netflix, Tesla earnings: What to know in markets this week

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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...

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Twitter needs to close a deal with Elon Musk:

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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...

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Musk himself has pledged $ 33.5 billion, which will include $ 21 billion and $ 12.5 billion in loans from some of his Tesla Inc shares to fund the project. He is the chief executive of Tesla's electric car maker.

Musk, the richest man in the world, on April 14 presented the "best and last" amount of $ 43 billion to the Twitter board of directors, saying the communications company needed to be taken privately to grow and become a platform. of free speech.

But Twitter failed to respond to his request and accepted a "poison pill" to stop him. Musk is also considering a tender offer to buy all of the company's stock from shareholders but has not yet decided to do so, according to a file on Thursday.

Musk, who owns the second largest shareholder on Twitter with a 9.1% stake, said he could make big changes to the micro-blogging company, which has more than 80 million followers.

Twitter shares have risen below 1% in sponsorship news, indicating that the market is still skeptical of the deal.


Tesla shares have risen more than 3% and Tesla's share price of 172.6 million Musk has risen more than $ 5 billion on Thursday following a strong quarterly report. On Wednesday, he was eligible for compensation in the form of stock options now costing nearly $ 24 billion after Tesla hit profit targets and revenue performance.


It is unclear whether Musk will sell Tesla shares for an estimated $ 21 billion. Musk can "sell, dump or transfer" Tesla shares that are not guaranteed at any time, according to a margin commitment letter.


Banks, including Morgan Stanley, have agreed to provide another $ 13 billion in secured debt against Twitter itself, according to the file.


A Twitter spokesman acknowledged receiving Musk's proposal.


"As previously announced and directly linked to Mr. Musk, the board is committed to making careful, complete and deliberate reviews to determine the course of action that it believes is in the best interests of the company and all Twitter shareholders," Twitter said in a statement.


Ryan Jacob, chief investment officer of Jacob Asset Management, who owns shares in Twitter, said Musk's recent installation would force the Twitter board to respond.


"They had to consider the seriousness of the application, and this application could do that," he said. "It will be difficult for them to ignore you."


Josh White, an assistant professor of finance at Vanderbilt University and a former economist with the Securities and Exchange Commission, said the funding could "put pressure on the Twitter board to find a White Knight, which could, or negotiate with Musk, get a higher price and release a poison pill."


The offer from Musk has sparked a private interest in participating in the Twitter agreement, Reuters reported this week, citing people familiar with the matter.


Apollo Global Management Inc is considering ways in which I can provide financial support for any contract and is open to working with Musk and any other director, while Thomas Bravo told Twitter he was looking into the possibility of merging a bid.


The New York Post reported on Thursday that Thomas Bravo was in talks with Musk over a joint venture. Thomas Bravo did not respond to a request for comment.


Musk made several announcements on the podium, including some that put him in hot water with US regulators.


In 2018, Musk wrote on Twitter that he had "received funding" to take Tesla privately for $ 420 per share - a move that led to a multi-million dollar fine and he was forced to step down as chairman of a car company to resolve US claims. securities regulator that defrauded investors.