Tag Archives: backing

(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday. Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced. Investors, who signed the PIPE commitment about one year ago, are free to move… Source link

Pinterest (PINS) shares soared more than 12% on Tuesday following its quarterly results and support from activist hedge fund Elliott Management for the search-and-discovery platform’s new CEO Bill Ready. “Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader to oversee Pinterest’s next phase of growth,” read a statement by activist investor Elliott Management, the company’s largest shareholder, with a 9% stake. Ready served… Source link

Elon Musk could face paying billions after walking away from the Twitter deal.Angela Weiss/Getty Images Elon Musk may be on the hook for billions after abandoning his Twitter deal, an NYU professor said. Musk walked away from the deal Friday, blaming its failure to disclose the number of fake accounts. Experts told Reuters that Twitter may try to negotiate a lower price with the Tesla CEO. Elon Musk could face paying out billions of dollars after walking away from a deal to buy Twitter, an… Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link

Americans voting for a presidential candidate this year are less likely to have a job than those who cast ballots in 2016. Despite some recovery in the labor market since pandemic lows in April, the U.S. employment rate remains depressed amid a slowing recovery. In October 2016, the official U.S. unemployment rate was 4.9%, compared to 7.9% last month — though the actual jobless rate is thought to be even higher. With jobs top of mind for millions of Americans this election, Yahoo Finance… Source link

Yandex, the Russian internet company, has raised $800m through a sale of new shares to US investors and a private placement to a consortium of Russian oligarchs and VTB Bank. Goldman Sachs acted as the sole adviser on the placing. As part of an $800m share sale, Yandex sold $200m of shares to US investors and placed $600m of shares in a private placing to VTB Capital, Chelsea football club owner Roman Abramovich  and Treliscope Ltd, … Source link