Money

Elon Musk in court over 2018 ‘funding secured’ Tesla tweet

Published

2 years ago

January 18, 2023

ticker NEWS

Elon Musk is back in court, this time over a four-year-old tweet.

The infamous post dates back to 2018, and says he was considering taking Tesla private at the price of $420/share.

The tweet continued, adding “funding secured”.

It was these two words which landed Musk in hot water, forcing him to pay millions of dollars in fines and legal fees, because the funding wasn’t secured.

Musk had only spoken with the executives of the Saudi sovereign wealth fund about the money he needed and hadn’t actually sealed the deal.

Shares in Tesla rose off the back of the news but never to the promised $420 level, before quickly falling well below their pre-tweet price of $344.

It’s this which prompted the shareholder suit that is only now reaching trial.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.