Over $200 billion in U.S. stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17 percent after the bell, wiping out $190 billion in market capitalization after the retail and technology…
Wall Street Loses Over $200 Billion in Value After Report From Amazon
October 28, 2022
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Trump Says Twitter Now in ‘Sane Hands,’ Doesn’t Commit to Going Back
Former President Trump on Friday praised Elon Musk’s acquisition of Twitter but did not say whether he would use the platform again. “I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs that truly hate our country,” Trump wrote on Truth Social…
Musk Now Owns Twitter–What Does This Mean for Free Speech?
News Analysis “The bird is freed,” Elon Musk posted on Twitter on Thursday evening after finalizing his purchase of the company. After a monthslong battle with the social media giant, billionaire Elon Musk’s bid to acquire Twitter is now complete. But what does it mean for his crusade to keep free speech alive in the Twitterverse? Bloomberg…
World Shares Lower, Led by 3.7 Percent Drop in Hong Kong
October 28, 2022
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Shares skidded Friday in Europe and Asia, with heavy selling of technology shares pulling Hong Kong’s benchmark 3.7 percent lower. Germany’s DAX dropped 0.9 percent to 13,090.91 and the CAC40 in Paris lost 0.6 percent to 6,205.73. Britain’s FTSE 100 shed 0.6 percent to 7,029.81. The future for the S&P 500 was down 0.8 percent…
Musk’s ‘Bird Is Freed,’ Twitter Pledge Gets Cool Reception In EU, Where ‘The Bird Will Fly By Our Rules’
The European Commission has warned Tesla CEO Elon Musk that he must comply with EU rules after the billionaire acquired the social media platform, Twitter. “In Europe, the bird will fly by our rules,” Thierry Breton, the EU Commissioner for the Internal Market, wrote on Twitter on Friday morning, just hours after Musk posted that the…
Investors Punish Zuckerberg as Costly Metaverse Pitch Falls Flat
Wall Street is losing patience over Meta boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs by a fifth in the third quarter. Investors rushed to dump Meta Platforms Inc.’s stock after hours, pushing it down 20 percent and wiping $67 billion off its market…
Elon Musk Finally Buys Twitter, Fires Top Executives
Tesla CEO Elon Musk is now in charge of social media platform Twitter, according to CNBC. The official announcement of the takeover deal is expected to come on Friday before the opening of the stock market. Twitter will now be delisted from the New York Stock Exchange beginning on Oct. 28, according to a recent…
Elon Musk Buys Twitter, Fires Top Executives
Tesla CEO and world’s wealthiest person, Elon Musk, is now in charge of the social media platform Twitter. The official announcement of the takeover deal’s completion is expected on Friday. Twitter will be delisted from the New York Stock Exchange beginning on Oct. 28, according to a recent delisting notice, as the firm will be taken private….
Mark Zuckerberg Has Lost $100 Billion in Net Worth Amid Meta Stock Collapse
Mark Zuckerberg’s net worth plunged by another $11 billion Thursday after his Meta Platforms reported another quarter of disappointing earnings, with some saying that his wealth has dropped more than $100 billion in 13 months. Zuckerberg was once worth $142 billion in September 2021, according to Bloomberg News. Now, the 38-year-old is estimated to be worth…
Employee Behind Call for Assassination of Congresswoman: New York Post
An employee was behind the posting of articles calling for the assassination of a member of Congress and claiming that the governor of Texas wanted illegal immigrants slaughtered, the New York Post said on Oct. 27. “The New York Post’s investigation indicates that the unauthorized conduct was committed by an employee, and we are taking…
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