Tesla Inc
What is ‘Web3’? Here’s the vision for the future of the internet from the man who coined the phrase
Computer scientist Gavin Wood coined the term “Web 3.0” in 2014, laying out his vision for the future of the internet. The phrase, also shortened to “Web3,” has become an internet buzzword recently with high-profile technologists, including Twitter founder Jack Dorsey and Tesla CEO Elon Musk, debating the meaning of the term. Wood, who is […]
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National Urban League urges Twitter to reject Elon Musk’s bid over civil rights concerns
National Urban League President and CEO Marc Morial. Getty Images Twitter’s board of directors should consider rejecting Elon Musk’s bid for the social media company because of the harm his ownership could have on users’ civil rights, said Marc Morial, president of the National Urban League. In a letter on Monday to Twitter Chairman Bret […]
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It seems unlikely Musk will get private equity funding for Twitter purchase
Brendan Smialowski | Afp | Getty Images It “seems unlikely” Musk will get help from private equity firms with his $43 billion bid to buy Twitter and take it private, according to CNBC’s David Faber. “The more I report, the less I believe there’s anybody else that really could show up here,” Faber said on […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures steady with earnings, rising bond yields in focus Traders work on the floor of the New York Stock Exchange during morning trading on April 12, 2022 in New York City. Michael M. Santiago | Getty Images […]
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Mercedes-Benz unveils its new electric EQS SUV built in the U.S.
Mercedes-Benz electric EQS SUV Mercedes-Benz Mercedes-Benz on Tuesday took the wraps off its new EQS SUV, its first fully electric SUV built domestically for the U.S. market. The vehicle is the sibling of the EQS sedan, released last year, but with seating for up to seven people and a taller, bubblier stance. It is expected […]
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Apollo Global Management is willing to finance a Twitter buyout, sources say
Private equity firm Apollo Global Management has held discussions about financing a potential takeover for Twitter, according to sources familiar with the matter. But Apollo isn’t interested in being part of a private equity consortium that would acquire the social media company, said the people, who asked not to be named because the discussions are […]
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Musk says Twitter board will be paid nothing if he acquires the company
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk said Monday that Twitter’s board of directors won’t be compensated for serving if he acquires the company. “Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right […]
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Ex-CEO Dorsey criticizes Twitter board, Musk says it ‘owns almost no shares!
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Former Twitter CEO Jack Dorsey criticized the company’s board in a series of tweets on Sunday as the group is now tasked with evaluating a takeover bid […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as the 10-year Treasury yield tops a 3-year high Traders on the floor of the NYSE, April 14, 2022. Source: NYSE 2. BofA issues stronger earnings as it releases reserves for soured loans A […]
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Stocks making the biggest moves in the premarket: Twitter, Sirius XM, Nektar Therapeutics and more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares jumped 4.5% in the premarket after the company’s board of directors adopted a so-called poison pill to prevent Tesla (TLSA) CEO Elon Musk from increasing his stake in the company past 15%. That follows Musk’s $54.20 per share […]
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