Shares of Twitter Inc drop 22% to $35.20 in pre-market trade after Tesla Inc CEO Elon Musk, who had inked a deal to buy Twitter for $44 billion, said in a tweet “deal temporarily on hold pending details supporting the calculation that spam/fake accounts represent less than 5% of users”. Twitter said in a filing … Read more
In a recent appearance on Bloomberg TV, anchor Tom Keene surprised me with this question: “What is your best Apple story?” I said that in the early 2000s I managed to snag a loaner iPod soon after they were released. It was obviously a new, digital version of the ubiquitous 1980s Sony Walkman. At the … Read more
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency. In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are … Read more
Twitter Inc boss Jack Dorsey said on Tuesday he will convert proceeds from the digital auction of the first ever tweet on the platform to bitcoin for charity. “just setting up my twttr” – the first ever tweet went live for sale after Dorsey listed it as a unique digital signature on a website for … Read more
By Ryan Vlastelica Twitter Inc. shares climbed to a multi-year high on Wednesday, extending a recent advance after JPMorgan upgraded the social-media company to an overweight rating, citing a more bullish view toward online advertising in 2021. The firm also raised its price target to a Street-high view of $65 from $52. While growth should … Read more