Tag Archives: stake

Tesla CEO Elon Musk may be just getting started when it comes to trying to shake up Twitter. It was disclosed on Monday that the somewhat unpredictable Musk took a 9.2% stake in Twitter. The stake — valued at close to $3 billion as of Twitter’s closing price on Friday — is defined as a passive one. Shares of Twitter surged 20% in the session. “This is just the appetizer. Ultimately, we believe he will have an active stake over the coming weeks or month. This is just a start. I think he will… Source link

(Bloomberg) — Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. Most Read from Bloomberg Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday in a regulatory filing. The gain marked the stock’s biggest intraday increase since its first day of trading following the company’s 2013 initial public offering. The stake is worth about $2.89 billion, based on… Source link

By Nivedita Balu (Reuters) – Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a rise of more than 27% in the company’s shares. Musk’s move, revealed in a regulatory filing, comes on the heels of his tweet that he was giving “serious thought” to building a new social media platform, while questioning Twitter’s commitment to free speech. He also started a poll asking Twitter… Source link

MOSCOW, December 21. /TASS/. Yandex has closed the deal of buying out the Uber stake in Yandex food, online store, delivery, and self-driving services totaling $1 bln, the press service of the Russian technology company told TASS. “Yandex has closed the deal of buying out the Uber stake in Yandex.Eats, Yandex.Lavka, Yandex.Delivery, and the self-driving service” the company said. Yandex and Uber will continue joint development of taxi ordering, car-sharing, and kick scooter hire services,… Source link

The Biden administration looks set to soon announce its pick for who will lead the nation’s economic steward: the Federal Reserve. The White House appears to be weighing two options: keeping Jerome Powell as Fed chair or replacing him with current Fed Governor Lael Brainard. Both reportedly met with President Joe Biden earlier in the month. Biden said on Tuesday, per the White House press pool, that a decision would come in about four days (or Saturday, November 20). Personnel could change… Source link

(Bloomberg) — Elon Musk’s social media followers have spoken: The Tesla Inc. chief should sell 10% of his stake in the electric-car maker. Most Read from Bloomberg A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk launched Saturday and closed shortly after 2:15 p.m. Sunday in New York. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds. “I was prepared to accept either outcome,” Musk… Source link

Mark Cuban just tripled his stake in Dogecoin — but his bet on these 2 stocks is 667x larger Mark Cuban just tripled his stake in popular cryptocurrency Dogecoin — from $500 to $1,500. Of course, for a billionaire shark and owner of the Dallas Mavericks, that’s not exactly a big chunk of change. While Cuban has been highly supportive of Dogecoin, calling it the “people’s way to pay” back in August, he recently told Fox Business that he owns the token just “for fun.” “I’ve… Source link

Russian technology giant Yandex has purchased Uber’s stake in several of the joint ventures it owns together, including its food and grocery delivery services. Yandex is one of Russia’s biggest technology companies Russian search engine and ridehailing company Yandex has announced that it will buy out Uber in some of the joint ventures the two giants share, including its food and grocery delivery services, in a $1 billion deal.     The agreement will see Yandex purchase Uber’s… Source link

  Uber (UBER) is selling its equity stake in the two joint ventures it created with Yandex to Yandex for possibly around $2.8 billion in cash, which is above the $1 billion carrying value that Uber reported at the end of the second quarter. While this transaction will improve the firm’s liquidity position, it will not impact our $69 fair value estimate of this narrow-moat and 4-star stock. Uber will receive $1 billion by the end of this year for all its holding in an autonomous joint… Source link

Today in restaurant and grocery tech news, FreshDirect adds 250 SKUs of parent company Ahold Delhaize’s private label brands, and Russian food delivery company Yandex purchases a stake in Uber in a $1 billion deal. Plus, Nat Trienens, founder and CEO of digital ordering solutions provider Koala, discusses the delta variant’s effect on restaurant ordering habits. FreshDirect Woos Shoppers with Major Private Label Expansion, Lower Prices In a move to attract cost-conscious consumers with… Source link