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Twitter ( NYSE: TWTR ) is up 3% Monday, rebounding after three off sessions and marking its biggest move since last Tuesday when billionaire Elon Musk revealed he intended to (conditionally) move forward with his plan to purchase the company and take it private . Asi...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: rafapress / Shutterstock Today marked the next step in Digital World Acquisition’s (NASDAQ: DWAC ) complicated journey. The special purpose acquisition company ( SPAC ) asked investors once again to v...
Summary Despite the latest depreciation in its stock price, Google’s dominant position in the digital ads market should help the company to successfully weather the current uncertain economic environment. In addition, the expansion into new mediums could help the business t...
Summary How did we get here? What next? Two possible routes to the end. How we got here 2022 has been the golden age for merger arb with many wide deal spreads, but the widest of them all is Twitter ( TWTR ). In April, Elon Musk signed a definitive agre...
Summary The Twitter drama is coming to an end, with Elon Musk paying up the originally agreed-upon price of $44B to complete the deal. While the removal of Twitter overhang is good news for Tesla shareholders, Musk is probably selling more shares to raise capital. Hence, Tesla sha...
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Summary David Einhorn's 13F stock portfolio value decreased from $1.57B to $1.29B this quarter. Greenlight increased Atlas Air Worldwide, Kyndryl Holdings, and Victoria’s Secret while decreasing Teck Resources, Change Healthcare, Chemours, and International Seaways. They al...
Banks led by Morgan Stanley may lose about $500 million in their effort to fund Elon Musk's $44 billion purchase of Twitter ( NYSE: TWTR ) as the debt market have seized in recent months. Lenders including Morgan Stanley ( MS ) Bank of America Corp. ( BAC ) Barclays ...
October has just gotten underway, and leave it to Elon Musk to kick this off in an inimitable, and unexpected fashion and grab the headlines unlike anyone else. Just when it seemed like the trial between Twitter ( NYSE: TWTR ) and Musk over his attempt to get out of his $44B...
It's the first week of a new quarter, and it was a good one for Communications stocks, as the sector rebounded along with the broader market for a rare up week. About two-thirds of the Communication Services' sector's big stocks pulled off gains for the week, while others saw more m...
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2023-07-24 06:39:41 ET The little-known X token is riding on Elon Musk’s Twitter, Inc. ( NYSE:TWTR ) rebrand to X.com. It registered a monster 4004% surge in the early hours of Monday morning before pulling back. Although the token had dropped by more than 3000% in the past f...