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May 24, 2022

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Snap falls 39% on pace for worst day ever, dragging other stocks with it

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CNBC – For more and to sign up click here Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plunged 39% on Tuesday,......

Nokia CEO says 6G will be here by 2030 — but you might not access it via your smartphone

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CNBC – For more and to sign up click here Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he doesn’t......

Snap plunges more than 25% after CEO warns company will miss revenue and earnings estimates, slow hiring

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CNBC – For more and to sign up click here In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap shares plunged more......

IMF head says stablecoins not backed by assets are a ‘pyramid,’ hinting at UST debacle that crashed markets

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CNBC – For more and to sign up click here DAVOS, Switzerland — Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD and luna that sent shockwaves through the cryptocurrency......

How Elon Musk’s Twitter takeover plans shook Wall Street and social media

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CNBC – For more and to sign up click here Elon Musk wears many hats as Tesla CEO, SpaceX CEO, and founder of the Boring Company and Neuralink. He’s also a prolific Twitter user. The news that Musk made a $44 billion offer to buy Twitter and potentially become the......

Tech stocks are mired in their longest weekly losing streak since dot-com bust

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CNBC – For more and to sign up click here Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest......

Elon Musk blasts Biden administration, Democrats on Twitter over ‘hate,’ sidelining of Tesla

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CNBC – For more and to sign up click here Tesla CEO Elon Musk on Friday blasted the Biden administration and Democrats on Twitter, as the world’s richest man doubled down on his vow to vote for Republicans. Musk in a tweet accused the Biden administration of doing “everything it......

Musk denies ‘wild accusations’ against him in an apparent reference to harassment report

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CNBC – For more and to sign up click here SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station.......

Billionaire Elon Musk says he doesn’t plan to donate to GOP super PACs in upcoming elections — despite feud with Biden

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CNBC – For more and to sign up click here Billionaire entrepreneur Elon Musk says he has no current plans to fund a Republican super PAC in the upcoming U.S. elections, including any that oppose President Joe Biden in the 2024 presidential race. The Tesla and SpaceX CEO, who is......

Elon Musk says he’ll vote Republican, bashes Democrats

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CNBC – For more and to sign up click here Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC.......

Jack Dorsey outlines Block’s bitcoin-centric future at first investor day in five years: ‘No longer just a payments company’

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CNBC – For more and to sign up click here Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Block executives no longer want the firm to be seen as a......

Musk met Twitter execs for 3 days before making a bid, unclear if they discussed bots

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CNBC – For more and to sign up click here Elon Musk has said he won’t move forward with his $44 billion Twitter acquisition until he has more details about fake accounts on the platform, but he met with the company’s top brass for three days to discuss its business......

Elon Musk calls on SEC to evaluate Twitter user numbers

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CNBC – For more and to sign up click here Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty In the midst of his deal to acquire Twitter, Elon Musk has called on the U.S. Securities and Exchange Commission to......

Twitter loses three more senior employees ahead of Musk deal

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CNBC – For more and to sign up click here The official profile of Elon Musk on the social network Twitter. Rafael Henrique | Lightrocket | Getty Images Three more senior employees are leaving Twitter ahead of Elon Musk’s anticipated buyout, CNBC confirmed Tuesday. Ilya Brown, vice president of product......

Crypto industry wields its influence in Washington after pouring over $30 million into campaigns

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CNBC – For more and to sign up click here U.S. Rep. Ritchie Torres, D-N.Y., called on New Yorkers to support the cryptocurrency market in a March op-ed in the New York Daily News titled, “A liberal case for cryptocurrency.” “With a multi-billion dollar market capitalization, crypto is here to......

Elon Musk says Twitter deal ‘cannot move forward’ until he has clarity on bot numbers

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CNBC – For more and to sign up click here Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk has said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake.......

Stocks making the biggest moves midday: Spirit Airlines, Eli Lilly, Signature Bank and more

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CNBC – For more and to sign up click here Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading Monday. Spirit, JetBlue — Shares of......

Musk reportedly says Twitter deal at lower price ‘not out of the question’

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CNBC – For more and to sign up click here Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal......

Twitter CEO explains how the company actually fights spambots in rebuttal to Musk

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CNBC – For more and to sign up click here Twitter CEO Parag Agrawal on Monday laid out how the social media company fights fake and spam accounts on the platform. The information, posted in a lengthy Twitter thread, comes just days after Elon Musk said he would put his $44......

Twitter stock has lost all of its gains since Elon Musk disclosed his stake

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CNBC – For more and to sign up click here In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares have given up all of their gains since Elon Musk......

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