News

Is Twitter gaining value despite ongoing controversy?

Published

8 months ago

September 1, 2023

ticker NEWS

While many of Elon Musk’s recent decisions at the social media company have alienated some of its users, its valuation is on the up.

For the third consecutive month, Fidelity has adjusted the valuation of its holdings in X/Twitter, while still maintaining a significant markdown, as revealed by recent disclosures.

Fidelity augmented the valuation by 8% for the month ending on July 31, following a previous 11% increase in June.

Despite these adjustments, the investment behemoth continues to hold the shares at a substantial 58% discount, as per the disclosure released on Wednesday.

Notably, Fidelity played a role in financing Elon Musk’s acquisition of Twitter for $44 billion in October of the prior year.

Over the subsequent six months, the investment giant either marked down the stock’s value or retained it at the same level.

It’s important to note that while Fidelity is an investor in the privately held enterprise, it may not possess substantial insider insights into the company’s financial standing.

The company revises its valuations for all private company shares on a trailing monthly basis, offering little clarity on the methodology used.

Different holders of X shares evaluate the company’s value through varied lenses.

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

12 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

12 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity