Shares of secondhand-fashion marketplace Poshmark Inc. rallied Tuesday after the company agreed to be acquired by South Korean search and e-commerce platform Naver Corp. for $1.2 billion a day earlier. Read more
Tag: Corporate Actions
He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.
A Wall Street hat trick may not be on the cards, with stock futures in the red ahead of an OPEC meeting and more data. A two-day rally was never Read more
Icahn, other big-name investors clean up on Elon Musk’s Twitter reversal
Elon Musk’s decision to end his war with Twitter Inc. isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn. Icahn quietly amassed a Twitter TWTR, +22.24% stake Read more
Elon Musk says Twitter will eventually be part of ‘X, the everything app’
Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant Read more
21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023
When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, Read more
Elon Musk’s legal battle with Twitter may be over, but his war with the SEC continues
Elon Musk has agreed to end his legal standoff with Twitter Inc., but that doesn’t mean his lawyers will take it easy. The Tesla Inc. TSLA, +2.90% chief executive’s decision Read more
Duolingo acquires animation studio Gunner
Duolingo Inc. DUOL, +4.88% said Tuesday it acquired Gunner, a design and animation studio based in Detroit. The company said it has worked with Gunner since 2020, adding the studio Read more
Opinion: Twitter stood up to Elon Musk and won, but will it feel like a win once he owns it?
Elon Musk is the world’s richest man because he tends to win staredowns with opponents. In the curious case of his offer for Twitter Inc. TWTR, +22.24%, though, he lost Read more
Private companies pivot to conserve cash to await eventual opening up of IPO market
Private equity and venture capital-backed companies are faced with conserving cash and shoring up costs in the choppy stock market of 2022, as capital from initial public offerings and syndicated Read more
Elon Musk wants to move forward with his Twitter purchase. Here’s how some Twitter users reacted.
Elon Musk sent a letter to Twitter TWTR, +12.67% indicating he will move forward with his original proposal that he acquire the company for $54.20 a share, according to a Read more