Tesla (TSLA) shares fell on Tuesday amid investor concerns that CEO Elon Musk would need to sell shares in order to fund a portion of his $44 billion buyout of Twitter (TWTR). Meanwhile, Twitter’s shares have recovered from a late-March trough ahead of the buyout deal. Columbia Law School Professor John Coffee believes that it will be challenging for Musk to juggle managing Tesla and Twitter simultaneously — on top of SpaceX, The Boring Company, and Neuralink. “Moreover, Tesla is going… Source link

Netflix is still reeling from its unexpected decline in Q1 subscribers — and the major dip is causing co-CEO Reed Hastings to rethink his anti-advertising approach following years of resistance. “Those who have followed Netflix know that I have been against the complexity of advertising and a big fan of the simplicity of subscription,” Hastings said during the company’s earnings call last week. “But as much as I am a fan of that, I am a bigger fan of consumer choice, and allowing consumers… Source link

While subscription gaming services have been on the rise for the past few years, thanks largely to the growth of Microsoft’s Xbox Game Pass platform, the shift in consumer spending and consumption hasn’t followed. Instead, subscription platforms and the smaller cloud gaming services often bolted onto them make up a tiny slice of the overall global games market. It may take years or perhaps even decades, alongside major advances in internet speeds and coverage as well as streaming… Source link

A recent government watchdog report revealed stark failures in a student loan forgiveness program run by the federal government, and the country’s top student loan official says the findings were “really inexcusable” while reiterating a commitment to address the issue. The Government Accountability Office (GAO) report highlighted how an increasing number of student loan borrowers who could have their loans canceled under existing laws may miss out because of incompetence in the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, April 27, 2022 “I recommend the S&P 500 index fund and have for a long, long time to people,” billionaire investor Warren Buffett said at Berkshire Hathaway’s annual shareholders meeting last May. That’s been pretty good advice, and I wouldn’t be surprised if he repeated it again at the upcoming shareholder meeting on Saturday. In… Source link

Mexico Open at Vidanta Vallarta, MexicoVidanta Vallarta – Par 71 – 7,456 yardsField – 144 entrantsPurse – $7.3M The Preview The Mexico Open might look like an unfamiliar occurrence on the 2022 schedule, but the event has been around since the 1940s, most recently as a stop along the PGA Tour Latinoamerica’s rotation from 2013 to 2021. Vidanta Vallarta is now primed to host for the first time, but the tournament’s transition to the big stage isn’t immediately translating to prestige as we see… Source link

It’s been a breathtakingly busy few weeks in the world of Google Chrome security and the pace doesn’t appear to be slowing down. Hot on the heels of two emergency fixes for in-the-wild exploits, and confirmation of a record number of Chromium zero-days across 2021, comes another truly massive security update for billions of Chrome users. How massive would that be? Well, newly confirmed stable channel update for desktop which takes Google Chrome to version 101.0.4951.41 for Windows, Mac and… Source link

On Tuesday, the NCAA announced Mark Emmert would step down as its president, either once his replacement is found or by June 30, 2023. The distant departure date allows the Association to find a new leader and Emmert to continue to receive paychecks which, considering his approximate $2.7 million annual base salary, should be around $112,500 every couple of weeks. Emmert certainly learned long ago that when it comes to “amateur sports,” the grift never ends. The decision was supposedly… Source link

This post was done in collaboration with Yahoo.  At a Glance Goal  ITeSHOP aims to capture the opportunities stemmed from the recovering economy in H2 2021 and boost its annual GIGON Sale programme through effective advertising strategies.  Solution Aimed at digital-savvy fashionistas and sale-hunters, Yahoo’s DSP campaign captured the audience’s purchasing journey for seven days during the GIGON Sale.  Results The ITeSHOP eCommerce site received more than 70,000 clicks… Source link

The Minnesota Timberwolves had no answer for Ja Morant on Tuesday night. The Memphis star, with a ridiculous poster that could go down as the dunk of the postseason and a last-second layup, led the Grizzlies to a 111-109 win in Game 5 of their series with the Timberwolves on Tuesday. He nearly had a triple-double in the win, too, with 30 points, 13 rebounds and nine assists on the night. “He was huge, he just kept staying the course,” Grizzlies coach Taylor Jenkins said, via Bally Sports…. Source link