Money

Does Elon Musk now own Twitter?

Published

2 years ago

April 5, 2022

Tesla CEO Elon Musk has taken a 9.2 per cent stake in Twitter, overtaking the shares of Twitter founder Jack Dorsey

Tesla CEO Elon Musk has taken a 9.2 per cent stake in Twitter. The billionaire’s big purchase sent shares in the social media giant soaring by a quarter in pre-market trading.

Musk bought over 73 million shares earlier last month.

So based on Twitter’s closing price on Friday, his chunk of twitter is worth close to 3 billion dollars

Musk now owns the most shares in Twitter, making him the company’s largest stakeholder.

The stake makes him one of the largest shareholders in the company and is more than four times the 2 per cent holding of Twitter founder Jack Dorsey.

Musk is a regular Twitter user with more than 80 million followers, but there is rumours he may pull a Donald Trump and build a new social media platform.

As cited in the BBC, Musk saw the valuation of his Tesla car company surpass a market value of $1 trillion last autumn, making it the fifth such firm to reach the milestone, after Apple, Microsoft, Amazon and Google-owner Alphabet.

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Why the meme-stock frenzy is unlikely to repeat

Published

2 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

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Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

2 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

3 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending