Money

Musk enters Guinness World Records for wrong reason

Published

2 years ago

January 16, 2023

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Elon Musk has broken a world record – but maybe not one he’ll be particularly pleased about.

Musk has seen his personal fortune drop by the largest amount in history.

According to Guinness World Records, Musk has seen his personal wealth drop by a staggering $182 billion since November 2021.

That’s a bigger drop than the previous holder of the record, Soft Bank, who lost $85 billion during the Dot Com crash of 2000.

Most of Musk’s loss in personal wealth is put down to Tesla’s stock price crashing from $400 a share to around $120, and his $44 billion purchase of Twitter.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

July 19, 2024

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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

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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

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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.