Month: May 2022
Musk reportedly says Twitter deal at lower price ‘not out of the question’
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal at a lower price wasn’t “out of the question,” Bloomberg reported Monday. Musk reportedly made […]
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Here are the top holdings of Chase Coleman’s struggling hedge fund Tiger Global
Chase Coleman is having a rough year. His hedge fund, Tiger Global, added to a number of tech holdings, including Snowflake , Carvana and Sea , in the first quarter before the sell-off got even uglier, according to a regulatory filing. Coleman’s growth-focused flagship fund at Tiger Global tumbled 15% in April, pushing its 2022 […]
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Michael Burry of ‘The Big Short’ reveals a bet against Apple
“The Big Short” investor Michael Burry had a bet against tech giant Apple in the first quarter, a regulatory filing showed. Burry, one of the first investors to call and profit from the subprime mortgage crisis, owned 2,060 put contracts of Apple at the end of the first quarter, according to the filing. Each options […]
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This start-up makes vodka out of CO2 emissions, and it’s backed by Toyota and JetBlue
At Bathtub Gin, a reinvented speakeasy in lower Manhattan, patrons may be pining for the past but they are drinking a vodka specifically invented for a cleaner future. Air Vodka is made in part from greenhouse gas emissions – specifically, captured carbon dioxide. It is just one of a bevy of new products designed to […]
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Microsoft CEO Satya Nadella tells employees that pay increases are on the way
Microsoft CEO Satya Nadella speaks during the Microsoft Annual Shareholders Meeting at the Meydenbauer Center on November 28, 2018 in Bellevue, Washington. Microsoft recently surpassed Apple, Inc. to become the world’s most valuable publicly traded company. Stephen Brashear | Getty Images News | Getty Images Microsoft CEO Satya Nadella told staffers on Monday that the […]
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How Carvana went from a Wall Street top pick to trading with meme stocks
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within […]
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Rivian’s shares sink after a report a legal battle with a supplier could delay Amazon vans
Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is suing a key supplier in a legal battle that could delay vans ordered by Amazon. […]
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Auction of Judy Garland ‘Wizard of Oz’ dress in jeopardy as judge sets hearing on ownership lawsuit
A lobby card from the film ‘The Wizard Of Oz,’ shows a film still of a scene in which American actress Judy Garland (1922 – 1969) (as Dorothy) wipes tears from the eyes of actor Bert Lahr (1895 – 1967) (as the Cowardly Lion), while watched by Jack Haley (1898 – 1979) (as the Tin […]
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Inflation is the ‘top problem’ facing America, with no other issue coming close, survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continued inflation and plans to address the issue. A Twitter exchange between Biden and Amazon founder Jeff Bezos began on Friday when the […]
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Twitter CEO explains how the company actually fights spambots in rebuttal to Musk
Twitter CEO Parag Agrawal on Monday laid out how the social media company fights fake and spam accounts on the platform. The information, posted in a lengthy Twitter thread, comes just days after Elon Musk said he would put his $44 billion acquisition of the company “on hold” while he researches the proportion of fake and spam […]
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