Social media
IPO market stays dormant as Justworks and Fresh Market withdraw their filings
A person checks her phone at Wall Street near the New York Stock Exchange (NYSE) in New York on May 27, 2022. Angela Weiss | AFP | Getty Images The IPO market has been frozen for most of 2022, and it shows no signs of reopening. On Wednesday, software vendor Justworks and food retailer Fresh […]
Read More
Here are Twitter’s biggest accusations against Musk in its lawsuit
NEW YORK, NEW YORK – MAY 02: Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Theo Wargo/WireImage) Theo Wargo | Wireimage | Getty Images Twitter has filed suit against Elon Musk to seek […]
Read More
This 33-year-old mom makes $760,000 a year in passive income—and lives on a sailboat: ‘I work just 10 hours a week’
When I created my money and lifestyle blog Making Sense of Cents in 2011, I had no idea what I was doing. I was a 22-year-old financial analyst making $40,000 a year and struggling to pay off my student loans. But my debt was actually a large part of why I started blogging — I […]
Read More
It’s time to sell Meta until it figures out the metaverse, Needham says in downgrade
Investors should sell shares of Meta until the social media company figures out the metaverse, according to Needham. Analyst Laura Martin downgraded shares of Meta Platforms to underperform from hold, noting that the company’s heavy investments in the metaverse — just as it expects slower revenue growth — may take too long to pay off. […]
Read More
Twitter shares sink 7% in premarket trading after Elon Musk terminates $44 billion deal
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares sank sharply in early premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the company. Shares of […]
Read More
Elon Musk has been expressing buyer’s remorse over Twitter for months
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Less than three months after agreeing to buy Twitter for $44 billion, Elon Musk says he wants out. It’s no surprise — Musk has been expressing buyer’s remorse since shortly after he announced the deal. Attorneys representing Musk sent a […]
Read More
Google reportedly offered to spin off ad business into new Alphabet segment to ward off lawsuit
CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google has offered to split parts of its ad-tech business into a separate company under its parent company Alphabet to ward off a second expected antitrust lawsuit from the Department of Justice, The Wall Street Journal reported on Friday. Such a […]
Read More
Twitter slips on report that Musk deal is in jeopardy
NEW YORK, NEW YORK – MAY 02: Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Theo Wargo/WireImage) Theo Wargo | Wireimage | Getty Images Shares of Twitter fell about 4% after the markets […]
Read More
Donald Trump left the board of his social media company weeks before federal subpoenas
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Former president Donald Trump left the board of his social media company just weeks before it was issued subpoenas by the Securities […]
Read More
Meta nudges its big VR push another step away from the Facebook legacy
Mark Zuckerberg, chief executive officer of Facebook Inc., speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York, U.S., on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Meta is introducing a new way for people to log in to virtual reality headsets without […]
Read More