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My last article said the board had no choice but to accept Musk's offer; there was no winning solution outside of that. With the deal now happening, it's a matter of clearing the final hurdle of shareholder approval and deal financing. But with the agreement containing a typical b...
Stock market valuations have remained in bubble territory despite the global economy getting hit with headwind after headwind and geopolitical risks soaring in recent months. A legendary investor who predicted - and profited from - the 2008 market crash has warned that an epic market ...
Update 10:05pm: Updates shares, adds Trump's post on Truth Social. Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Trump's social media platform public, jumped 15% in after hours trading after Trump made his first post on the new platform. The shares rose 7....
Stocks surged on Thursday, paced by the Nasdaq, which led the advance with a 3% rally. The buying came as investors focused on optimistic signs for tech earnings rather than economic data, which showed a surprise GDP contraction in Q1. Social media stocks were at the vanguard of the advance. ...
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Trump's social media platform public, rose 7.9%, gaining for a third day in a row. The move comes as Trump's Truth Social app is listed as the No. 1 downloaded app in Apple's App store and has been the last few day...
Qualtrics International is a high-growth experience management company that was carved out of SAP last year through an IPO. Stock-based compensation has been rising in recent years and in some instances is egregiously high. Qualtrics' $1.06 billion net loss in 2021 exactly matches...
Elon Musk has secured financing for his Twitter take-private deal. The financing is provided by a consortium of legitimate financial institutions and should be regarded as credible. Topping bids are unlikely and shareholders should consider this deal likely to go through. Fo...
Last week, Tesla (NASDAQ:TSLA) reported better-than-expected results, as the electric vehicle maker was able to deliver impressive margins despite pressures from cost inflation and supply chain challenges. Since then, however, the company's execution has taken a backseat to the attempts by it...
Telegram has introduced a new feature allowing users to buy its native cryptocurrency Toncoin (GRAM-USD) within its messaging app, according to a Twitter post on April 28. The messaging apps' 550M users can also purchase Bitcoin (BTC-USD) through the "@wallet" bot, the TON Foundation said, as...
Twitter (NYSE: TWTR) announced its 2022 first-quarter results on Thursday just days after its board agreed to sell the company to Elon Musk for USD44 Billion. According to Twitter, the deal should be finalized by the end of 2022, though it is still subject to several conditions ...
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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...