Since buying Twitter in late October, Elon Musk has raised concerns about the company’s potential bankruptcy, and his subsequent reforms have scared off advertisers, who still account for up to 90% of the social network’s revenue...
warehouse
NVIDIA’s deal to buy British processor architecture developer Arm, which collapsed this spring amid opposition from regulators and activists, prompted the current owner of the assets, represented by Japanese company SoftBank, to list...
For the past week, various analysts have been actively discussing the published information about Warren Buffett’s multi-billion dollar investment in shares of the Taiwanese company TSMC. The deal took place in the third quarter, but has only...
It was originally believed that the urgency of Twitter’s cuts stemmed from Elon Musk’s desire to avoid compensation for prior periods in the form of company stock. The new business owner later clarified that all payments due would be...
Nintendo saw its largest intraday share decline in 12 months on Wednesday, nearly 7%. This happened according to the company announced a nearly 10% cut in sales guidance for the Switch games console for the year. Image source: Nintendo The Kyoto...
Tomorrow the New York Stock Exchange will stop trading in Twitter shares – on that day the deal on the purchase of the social network by Tesla and SpaceX boss Elon Musk, who is ready to pay $ 44 billion for it, is expected to be finalized to...
At the end of this working week, Elon Musk’s deal to purchase Twitter assets on the terms agreed in April – at a price of $54.20 per share – is due to close. The billionaire has already signaled to other investors who will be...
Altimeter Capital Chairman and CEO Brad Gerstner has released an open letter to Meta* Mark Zuckerberg, who explains that the company has too many employees and the business itself is moving too slowly to restore investor confidence. Businessman...
At Tesla’s quarterly reporting event, Elon Musk couldn’t help but talk about the upcoming deal with Twitter, which he has until October 28 under the existing deal with the judiciary. The billionaire named this asset “long...
The night before, Adobe announced the acquisition of the developer of the design platform Figma – the deal amounted to around $ 20 billion in cash and stock. After that, Adobe stock fell 17%, its biggest drop since 2010. Image source: adobe...
NVIDIA is trying to quickly rid the warehouses of the accumulated GeForce RTX 30 series graphics accelerators before the release of GeForce RTX 40 series graphics cards, and therefore launched another action by distributing a free copy of the game...
Although Intel hasn’t released the older Arc A-series graphics cards yet, the company has already launched them financial supportUnder which buyers of computers and laptops with Alder Lake processors and Arc A5 and Arc A7 graphics cards can...
Tencent Holdings Ltd. intends to increase its stake in French video game publisher and developer Ubisoft Entertainment SA, which has been linked to the Chinese IT giant’s plans to increase its presence in the global video game market. About...
Declining gaming revenue and a deterioration in Sony’s full-year earnings outlook have triggered the company’s biggest share price drop in six months, the company said Bloomberg. After the start of the first full trading session after...
Alibaba Group Holding has announced plans to obtain initial listing status on the Hong Kong Stock Exchange. This was announced by the company’s press service. The board of directors has authorized management to submit all relevant documents...
The resignation of British Prime Minister Boris Johnson and some of his associates has created difficulties in the negotiation process with Japanese firm SoftBank, which British authorities are trying to persuade to list ARM shares on the London...
The Twitter lawyer called for the termination of the agreement on Elon Musk’s purchase of the company for $44 billion “invalid and illegal”. He explained this in a letter sent to the billionaire’s lawyers earlier this week...
Elon Musk’s decision to back out of his Twitter asset purchase, which he began talking about in April, has yet to result in legal action from the company, but the company’s management is determined. The price action in Tesla and Twitter...
Shares of Chinese IT giants fell on fresh penalties for providing false reporting documents. About that writes Bloomberg. Companies failed to report nearly three dozen deals in a timely manner. Source: Pixabay China’s State Market Regulation...
The first full-fledged trading session after Elon Musk announced his intention to abandon the purchase of Twitter will open today, but already in the early stages the company’s share price fell by 7.8%, which aggravated the already unenviable...
