Tag: Business
Elon Musk Buys Twitter
After weeks of speculation, negotiation, and, we can assume, perspiration, Elon Musk has successfully bought Twitter. Musk first purchased 9.2% of the company earlier this month, making him its largest single shareholder. Not long after, he made an offer to buy Twitter for $43.4 billion, which comes...
Read MoreNetflix Stock Drops After Subscriber Loss
Netflix is feeling the pain with the rest of the country. According to CNBC, the streaming pioneer expected to add around 2.5 million subscribers in the first quarter of 2022; instead, it lost 200,000. Following the report of its losses, Netflix shares nosedived 25%, and they brought down Disney, Ro...
Read MoreElon Musk Makes Hostile Takeover Bid for Twitter
Lyndon Hall | Apr 14, 2022 | 0
Elon Musk has made a bold play to take over Twitter in its entirety with a reported $43.4 billion offer. Musk also tweeted the SEC filings saying, “I made an offer.” I made an offer https://t.co/VvreuPMeLu — Elon Musk (@elonmusk) April 14, 2022 The SEC filings state, “There...
Read MoreElon Musk Buys into Twitter
If ever there was a time for that Ron Paul “It’s happening!” gif, this would probably be it. Earlier today, an SEC filing revealed that Elon Musk, CEO of Tesla, occasional movie producer, and all-around fun-loving billionaire, has purchased 73,486,938 shares of Twitter, giving him 9.2% ownersh...
Read MoreNetflix Cracking Down on Password Sharing?
Netflix is preparing to charge users in Chile, Costa Rica, and Peru an extra fee for sharing account credentials between households. This initiative will serve as a test for the company to help determine how to address widespread password sharing among customers. Last year, a similar test was run th...
Read MoreAd-Supported Disney+ is About “Consumer Choice”
Disney CFO Christine McCarthy has refuted claims that Disney+’s upcoming “with ads” version is a “Hail Mary” play to get more subscribers. The financial executive insists that the introduction of more streaming versions is being done to offer more options to the consumer. McCarthy says Dis...
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