Tag Archives: Lose

Britta Pedersen/Getty Images; Twitter; Rachel Mendelson/Insider Elon Musk’s decision to kill the $44 billion Twitter deal means banks could lose a “nine-figure” payday. Musk’s and Twitter’s financial advisors could pocket up to $192 million if the deal closes. The billionaire faces an uphill battle to call off the deal as he has to prove there’s been a material adverse effect on the transaction. Elon Musk’s ‘will-he-won’t-he’ dance to buy Twitter took a turn on Friday after the billionaire said… Source link

Like many MMA fans, UFC president Dana White found himself screaming at a screen during the conclusion of the UFC 275 main event between Jiri Prochazka and Glover Teixeira. White, who was not in attendance at Singapore Indoor Stadium, watched the pay-per-view Saturday on a screen in what appeared to be a luxury party vehicle. White did not make the trip overseas as he stayed in the U.S. for his son’s 21st birthday celebration in Miami, but he still tuned in for what turned out to be a… Source link

For Democrats to have a fighting chance of keeping control of Congress this year, they needed inflation to show marked improvement in May, followed by steady declines through the summer and fall. Not gonna happen. Inflation in May went the wrong direction for Democrats, and even though the midterm elections are still five months away, it’s probably a safe bet Republicans will capitalize on soaring prices to take at least one chamber of Congress. Barring something dramatic or unforeseen,… Source link

Mark Zuckerberg in his metaverse living room.Facebook Mark Zuckerberg told shareholders that creating the metaverse will bleed money for three to five years. The Meta CEO told the company’s annual meeting that some products wouldn’t be ready for 15 years. The Facebook owner spent $10 billion on the idea of an immersive virtual world in 2021 alone. Meta’s metaverse project will lose “significant” amounts of money over the next three to five years, CEO Mark Zuckerberg told shareholders on… Source link

(Bloomberg) — Tesla Inc. is on pace to wipe off over $100 billion from its valuation in a single session Tuesday with the stock down more than 11% on investors’ concern that Elon Musk may sell shares to complete his $44 billion takeover of Twitter Inc. Most Read from Bloomberg The electric-vehicle maker’s market capitalization is already down nearly $250 billion since April 4, when Musk disclosed that he increased his Twitter stake. That’s a drop of roughly 23%. The dollar value of… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, March 23, 2022 Apple (AAPL) may soon be forced to loosen its vice-like grip on its App Store, as regulators from the U.S. to South Korea zero in on the tech giant’s high-margin business. Developers ranging from Spotify (SPOT) to “Fortnite”-maker Epic have railed for years against… Source link

Novak Djokovic lost any chance of defending his Australian Open title, and now he’s about to his lose No. 1 ATP ranking. The Serbian was shocked by the Czech Republic’s Jiri Vesely, ranked No. 123 in the world, on Thursday in the semifinal of the Dubai Open. The loss guarantees that the No. 2-ranked Daniil Medvedev will have more points than Djokovic in the next ATP rankings, ending his reign. The Dubai Open had been Djokovic’s first since his Australian Open debacle, in which he was deported… Source link

It’s been roughly a year since GameStop (GME) began overtaking headlines and a ‘meme stock’ phenomenon was born. However speculative assets have been under pressure recently amid rising inflation and a more hawkish-toned Federal Reserve.  “I do hope that investors will refocus on fundamental values,” Thomas Peterffy, founder of Interactive Brokers told Yahoo Finance Live.  “This meme stock idea — it’s fun, but it’s not sustainable,” he continued. “I think a lot of people will lose a lot of… Source link

The Tampa Bay Buccaneers suffered another big injury on offense. In the Bucs’ playoff opener Sunday against the Philadelphia Eagles, All-Pro right tackle Tristan Wirfs went down with an ankle injury on the Bucs’ fourth play from scrimmage. Wirfs was helped off the field, walking very gingerly. He was immediately ruled questionable to return, returned briefly for one series and later was ruled out.  After the Bucs’ 31-15 win, head coach Bruce Arians said Wirfs suffered a sprained ankle, and the… Source link

The Cleveland Browns have nothing to be ashamed of.  They lost on Monday, but there wasn’t much they could do. The Browns had 18 players, including eight starters, on the COVID-19 list. They were down to third-string quarterback Nick Mullens, who was signed from the practice squad on Thursday and finally got to practice with the first-team offense on Saturday. Coach Kevin Stefanski was even ruled out. And the Browns led in the fourth quarter, somehow. Mullens hit a fourth-down touchdown pass… Source link