Elon Musk

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Tesla is doing the splits—again. For the second time in two years, Elon Musk’s electric car manufacturer is splitting its stock. When the market closes today, Aug. 24, Tesla will execute a 3-for-1 stock split, which was approved by shareholders earlier this month. It comes almost exactly two years after…

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Elon Musk was ordered to hand over information about potential investors in the $44 billion buyout of Twitter Inc. he is seeking to cancel, in a win for the social media company that sued to make him consummate the deal. Delaware Chancery Court Judge Kathaleen St. J. McCormick on Tuesday…

On Thursday, April 14th, Elon Musk announced an offer to buy Twitter for $54.20 a share. On April 25th, Twitter accepted the deal. By July 8th, Musk wanted out. Then Twitter sued Musk. And now we’re headed for Chancery Court in Delaware for a five-day trial in October that will…

“This throws gasoline into the fire around the bot issue with Musk and Twitter,” says Dan Ives, managing director and senior equity analyst at Wedbush Securities. “For the Musk camp this story is like a kid looking under the tree on Christmas morning.” The allegations are also serious enough that…

There’s a new Big Tech whistleblower in town. Peiter Zatko, Twitter’s former head of security, last month sent a complaint to various federal agencies and congressional committees, alleging that Twitter violated its agreement with the Federal Trade Commission by misleading regulators about its security practices; that the company prioritized growing…

Twitter has subpoenaed people connected to Musk, including Marc Andreessen and David Sacks Tesla CEO Elon Musk and Twitter’s October trial is fast approaching, and Musk’s lawyers have asked the court to summon none other than Twitter’s former CEO Jack Dorsey, as reported by The National Post. The trial, in…

I’ve been a mum for a relatively short time; I’m not exactly an expert when it comes to this whole parenting thing. Still, there is one piece of advice I can confidently dole out: don’t instruct your child to run in front of a moving vehicle so that you can…

Traders on the floor of the NYSE, Aug. 16, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks try to recoverThe major U.S. stock indices indicated a slightly higher open Tuesday, the morning after a rout that dealt a…