Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have Read more
Tag: Corporate Actions
Investors fear potential FTX bankruptcy spilling over to reeling crypto, stock markets
Investors are concerned that a potential bankruptcy of FTX, once the world’s third largest digital asset exchange by trading volume, will spill over to the already battered crypto and stock Read more
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, Read more
Applovin stock falls 5% following earnings miss, another outlook cut
Applovin Inc. shares fell in the extended session Wednesday after the app-monetization company’s results and outlook cut disappointed Wall Street. Applovin APP, -9.49% shares fell more than 6% after hours, Read more
Binance confirms it’s backing out of deal to buy FTX assets
Binance, the world’s largest crypto exchange, has confirmed that it is indeed backing out of its deal to buy rival FTX’s non-U.S. assets, according to a tweet sent from the Read more
Crypto investors rattled as Binance abandons its proposed acquisition of rival FTX
Binance, the world’s largest crypto exchange, is abandoning its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. “As a result of corporate due diligence, Read more
Tesla’s stock selloff intensifies, on track for lowest close in nearly 2 years
Tesla Inc. shares were poised to end at their lowest in nearly two years on Wednesday, following news that Chief Executive Elon Musk sold about $3.95 billion worth of shares Read more
Crypto investors rattled as Binance reportedly leans against completing its acquisition of rival FTX
Binance, the world’s largest crypto exchange, is reportedly unlikely to follow through with its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. After about Read more
AMC should avoid ‘distractions’ like credit cards, popcorn and dive deeper into IMAX, says analyst
AMC Entertainment Holdings Inc., which reported its 12th consecutive quarterly loss on Tuesday, should avoid the “distractions” of its many new business ventures and dive deeper into its IMAX partnership, Read more
Ahold Delhaize lifts guidance, announces $1 billion in buybacks as profit rises
Royal Ahold Delhaize NV on Wednesday raised its full-year adjusted EPS guidance and announced a new 1 billion euro ($1.01 billion) share buyback as it reported a 13% rise in Read more