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Monday, May 16, 2022

Twitter's stock falls toward a 7th-straight loss

Shares of  Twitter Inc. TWTR, -5.92% fell 2.0% in the stock market, putting them on track for a seventh straight loss, as uncertainty about Tesla Inc.’s acquisition buyout. TSLA, -4.29% Chief Executive Elon Musk continues to grow.

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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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How dependent on Elon Musk’s comments is the crypto industry?

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Elon Musk is the second richest man in the world, with an estimated net worth of $ 155bn. He has founded some of the world’s most successful tech companies from PayPal to Tesla, and his voice weighs heavily on technology circles, but his influence on the crypto market is astoundi...

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That could be the long-term success of the telecommunications platform company from the seven days ending December 20, 2021. Stocks declined 19.1% in the six-day loss until Friday, highlighted by a 9.7% decline on Friday after Musk. wrote on Twitter that the agreement was "suspended" while looking at spam / fake accounts. That marked the biggest loss of six days since the stock dropped 21.8% in the six days ending November 2, 2020. 

There was even more uncertainty created over the weekend, when Musk wrote on Twitter that there was a possibility of fake / spam / duplicate tweets. be more than 90% of active users daily. At that point, Tesla's stock changed slightly before opening. For the year so far, Twitter shares have fallen 5.8% and Tesla stocks fell 27.2%, while the S&P 500 SPX, -0.31% fell 15.6%.