Twitter Inc. spiked up over 5 percent higher at one point on Friday and was holding stronger intraday than the general markets, with the S&P 500 plunging almost 2 percent. The stock’s comparative strength is likely due to Tesla Inc. CEO Elon Musk’s tender offer to acquire Twitter for $46.5 billion, which was revealed through…
Twitter Buoyed by Elon Musk’s Acquisition Plans: Here’s What Lies Ahead for the Stock
House Republicans Tell Twitter’s Board to Preserve All Records About Musk’s Bid to Buy Company
All Republicans on the House Judiciary Committee on April 22 ordered Twitter board members to preserve all records regarding Elon Musk’s effort to buy the technology company. “As Congress continues to examine Big Tech and how to best protect Americans’ free speech rights, this letter serves as a formal request that you preserve all records…
Amazon Fires Up Rivalry With FedEx, UPS With Latest Launch
Amazon.com Inc. launched Buy with Prime, allowing third-party merchants to use Amazon’s vast shipping and logistics network to fulfill orders on their sites while appealing to Amazon’s Prime customers. Experts see the move firing up rivalry with United Parcel Service Inc., FedEx Corp., and the U.S. Postal Service as being the fastest in the online delivery race, CNBC reports. The…
Tesla Races Ahead of Rising Raw Material Costs on Price Hikes
SAN FRANCISCO—Tesla Inc surged past Wall Street estimates for quarterly revenue and profit on Wednesday, as the electric carmaker raised prices in response to inflation, offsetting the impact of a Shanghai factory shutdown. Tesla has been an outlier since the pandemic outbreak, posting record deliveries and earnings for several quarters when rivals wrestling with global…
Netflix Shares Loses $50 Billion After First Subscriber Loss in Over 10 Years
April 21, 2022
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Shares of video streaming platform Netflix plunged on April 20 after it announced it lost subscribers for the first time in over a decade, attracting downgrades from multiple investment firms. Netflix announced on Tuesday that it had lost 200,000 members internationally in the first quarter of the year, the first time there has been a…
Psaki Responds to Ethics Complaint Following Fox News Comments
White House press secretary Jen Psaki responded to an ethics complaint regarding comments she made about Fox News amid reports saying she will join MSNBC after she leaves the Biden administration. When speaking to Chris Wallace on the soon-to-be-ending CNN+ streaming channel, Psaki was asked about the ethics complaint and media reports claiming she will…
Trump: Piers Morgan ‘Deceptively’ Edited His Interview
April 21, 2022
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Business & EconomyCompaniesDonald TrumpExecutive BranchMedia & Big TechPiers MorganPoliticsUSUS News
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Former President Donald Trump said pundit Piers Morgan deceptively edited his interview with the former president after the “Good Morning Britain” host published a video that appeared to show Trump walking out of the interview. “Piers Morgan, like the rest of the Fake News Media, attempted to unlawfully and deceptively edit his long and tedious…
Pressure Mounts on Twitter’s Board as Elon Musk Hints at Potential Tender Offer
April 20, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured TopicsFloridaLocal NewsMedia & Big TechRegional-Local NewsSocial MediaTechtender offerTwitterUSUS News
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Ownership contest for Twitter has devolved into a chess game after the company’s board last week adopted a poison pill to thwart an unwelcome takeover attempt by the world’s richest man, Elon Musk. Many people around the world, including the company’s stockholders, are now eagerly awaiting the billionaire’s next move. Musk on Tuesday posted a mysterious…
Here’s How Morgan Stanley Previews Apple Ahead of Q2
Morgan Stanley analyst Katy Huberty saw Apple Inc. iPhone 13 and Mac strength more than offset relative underperformance in iPad and Services, leading her to expect upside to the Street’s consensus March quarter (Q2) revenue forecast. Huberty also saw more cautious commentary on the June quarter (Q3) consensus of $86.7 billion, which appeared too high due to China’s COVID…
Google to Set Up First Africa Product Development Center in Nairobi
NAIROBI—Alphabet Inc.’s Google is investing in its first ever Africa product development center in the Kenyan capital Nairobi, it said, as it positions itself to serve a growing base of internet users on the continent. By the end of this decade, the continent will host 800 million internet users, the California-based firm said, and a…
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