Elon Musk, agent of chaos. Mr Musk, the world’s richest man, continued to sow confusion over his $44 billion acquisition of Twitter on Tuesday, even as the social media company tried to keep the deal on track . Early in the morning, the billionaire tweeted that “this deal cannot move forward” until he gets more … Read more
The Food and Drug Administration on Monday reached an agreement with Abbott Laboratories on the steps needed to reopen the company’s shuttered infant formula plant, which could begin to ease the infant formula shortage that has frightened and infuriated parents. in all the countries. The FDA said it expected Abbott to restart production in about … Read more
Dow Jones futures were higher on Monday night as the bid for a stock market rally continues. Elon Musk and Twitter continue to debate the number of fake accounts on the social media site. Looking ahead, Home Depot and Walmart earnings are expected to be released ahead of Tuesday’s market open. And Fed Chairman Jerome … Read more
WASHINGTON (AP) — Under fire from parents and politicians, President Joe Biden’s administration is expected to announce an agreement on Monday to reopen the nation’s largest infant formula manufacturing plant and ease import rules to allow the supply from overseas, amid a national shortage spurred by the Michigan plant’s closure earlier this year over safety … Read more
Elon Musk cited bots when he said Twitter’s $44 billion takeover was “temporarily on hold,” but not everyone believes that explanation. On Friday, the world’s richest man tweeted that he was suspending his bid as he awaits further information to confirm whether the social media company’s quarterly estimates of his fake accounts were accurate, sending … Read more
“The Twitter agreement is temporarily suspended pending details supporting the calculation that spam/fake accounts actually represent less than 5% of users,” Musk said. tweeted Friday. The news initially caused Twitter shares to fall more than 20% in premarket trading before the stock rebounded somewhat. Two hours after his first tweet, Musk said he was “still … Read more
Placeholder while loading article actions SAN FRANCISCO — Elon Musk tweeted early Friday that his $44 billion bid to buy Twitter was temporarily on hold as he reviews the number of spam accounts on the site, sending the company’s stock plummeting. “Twitter deal temporarily suspended pending details supporting calculation that spam/accounts indeed represent less than … Read more
LONDON (AP) — Elon Musk said on Friday that his plan to buy Twitter was “temporarily suspended” as he tried to determine the exact number of spam and fake accounts on the social media platform, another twist amid signs of turmoil over the proposed $44 billion acquisition. Musk expressed his desire to fix Twitter’s problem … Read more
Dow Jones futures rose solidly early on Friday, along with S&P 500 and Nasdaq futures. Tesla CEO Elon Musk said the deal on Twitter was “temporarily suspended”, causing TWTR stock to crash ahead of the open. X The stock market saw large intraday swings on Thursday, with the S&P 500 nearly entering a bear market … Read more
In an all-stock deal designed for the current high inflation economic environment facing streaming consumers, Crackle parent Chicken Soup for the Soul Entertainment is acquiring Redbox. The value of the deal is approximately $375 million, most of which is the assumption of Redbox debt. Founded in the heyday of DVDs two decades ago, Redbox is … Read more