Trading of Twitter shares on the New York Stock Exchange will be suspended on Friday. Frederic Brown/Getty Images The New York Stock Exchange will suspend Twitter shares Friday as Elon Musk closes in on a takeover. Musk is buying the social media company for $44 billion after trying to walk away from the deal. He…
Monthly Archives: October 2022
REUTERS/Dario Cantatore/NYSE Euronext Mega-cap stocks could see a valuation reset as Meta and Alphabet earnings have disappointed, an analyst said. Tech giants are seeing less advertising revenue, but traditional ad agencies haven’t been hit as hard, suggesting industry-specific troubles. The New York Stock Exchange’s senior market strategist explained how the market could react to tech…
Meta logo Arnd Wiegmann/Reuters US stocks traded mixed Thursday as a better-than-expected GDP print showed the economy grew 2.6%. Meta shares shed 23% after reporting an earnings miss after the closing bell on Wednesday. Meanwhile, the European Central Bank raised interest rates to 1.5%, the highest mark since 2009. US stocks climbed Thursday after a…
Mark Zuckerberg. Justin Sullivan/Getty Meta spent $45 billion on stock buybacks last year, paying about $330 a share on average. Shares in Mark Zuckerberg’s company have plunged 70% this year to around $100. Meta has spent about $91 billion repurchasing stock since 2017, at an average cost of $242 a share. Meta spent about $45…
Ye, formerly known as Kanye West. AP Photo/Michael Wyke, File Kanye West said he lost $2 billion in one day after companies cut ties with him. West’s Adidas deal was valued at $1.5 billion but the firm scrapped it after his offensive remarks. The rest of his fortune is in music, cash, real estate, and…
Getty Images Tankers carrying Russian oil have settled at ports near Malaysia and Singapore ahead of the next round of EU sanctions. Roughly 1.1 million tons of high-sulfur fuel oil was sitting on vessels for the week ending October 24. New European Union sanctions will ban insurance on tankers holding Russian oil starting December 5. …
Maja Hitij/Getty Images Elon Musk tweeted out a message to Twitter’s advertisers on Thursday. He said he wants Twitter to embrace free speech, but that it can’t turn into a “hellscape” without consequences. Musk’s $44 billion deal to buy the social-media platform is expected to close by Friday. Elon Musk on Thursday gave his most…
A file photo of CIA Director William J. Burns. Kevin Dietsch/Getty Images CIA Director William J. Burns secretly went to Ukraine earlier this month, two sources told CNN. Burns met with Zelenskyy and pledged continued US support amid Russia’s invasion. His trips are usually kept secret, The New York Times reported. CIA director William J….
It took several months, but Snap’s promised video editing suite is finally available. The social network is now rolling out “Director Mode” to all Snapchat users on Android and iOS. As teased in April, the feature lets creators add polish to their Snaps with virtual green screens, camera speed changes and quick editing for multiple…
It didn’t take long for the Apple Watch to become perhaps the most ubiquitous wearable. Even more so than the iPhone, the Apple Watch is a device you can truly make your own with the right accessories. It is, after all, a watch, and like traditional timepieces it’s meant to reflect your personal style. While…