Meta shares soar as Facebook records stronger-than-expected daily user growth

Shares of the social media giant rose 15% in extended trading Author of the article: Reuters Nivedita Balu and Elizabeth Culliford Meta has lost about half of its value since the start of the year. Photo by REUTERS/Dado Ruvic/Illustration/File Photo Meta Platforms Inc shares climbed on Wednesday as Facebook’s quarterly daily active users were above… Continue reading Meta shares soar as Facebook records stronger-than-expected daily user growth

Mom-and-pop investors lost over $1 billion during COVID-19 pandemic

The bill climbs to US$5 billion when the cost of doing business with market-makers is factored in Author of the article: Bloomberg News Vildana Hajric People walk by the New York Stock Exchange on April 25, 2022 in New York City. Photo by Spencer Platt/Getty Images files Of all the risky things amateur investors did… Continue reading Mom-and-pop investors lost over $1 billion during COVID-19 pandemic

From punchline to deal in under 2 weeks: How Elon Musk won his Twitter prize

Sheer speed, along with Musk’s use of his personal wealth and ability to get outsized attention, made it unlike any deal before Author of the article: Financial Times James Fontanella-Khan, Eric Platt and Antoine Gara in New York and Richard Waters in San Francisco Elon Musk put his personal wealth on the line to underpin… Continue reading From punchline to deal in under 2 weeks: How Elon Musk won his Twitter prize

Churning stocks dealing swift punishment to anyone who dares buy

Trying to pick the bottom in stocks every time they fall is proving costlier this year than any time since the 1970s Author of the article: Bloomberg News Lu Wang and Denitsa Tsekova Traders work on the floor of the New York Stock Exchange (NYSE) on April 25, 2022 in New York City. Photo by… Continue reading Churning stocks dealing swift punishment to anyone who dares buy

Tesla is on pace to lose $100 billion in one day

Stock fell 12 per cent on investor fears Elon Musk may sell shares to complete his US$44-billion takeover of Twitter Author of the article: Bloomberg News Thyagaraju Adinarayan and Esha Dey Publishing date: Apr 26, 2022  •  15 hours ago  •  2 minute read  •  5 Comments Tesla cars sit parked in a lot at the… Continue reading Tesla is on pace to lose $100 billion in one day

Five reasons you should care about Elon Musk buying Twitter

What’s he going to do about Trump? Publishing date: Apr 26, 2022  •  18 hours ago  •  5 minute read  •  66 Comments Tesla Inc CEO Elon Musk, left, is buying Twitter Inc. Will Donald Trump, right, come back to the social media platform? Photo by Reuters/ Bloomberg Elon Musk sealed the deal Monday to buy… Continue reading Five reasons you should care about Elon Musk buying Twitter

U.S. stocks sink to six-week low before key earnings

Alphabet lost 4.5% and Microsoft erased losses to gain 0.5% Author of the article: Bloomberg News Vildana Hajric and Isabelle Lee People walk by the New York Stock Exchange on April 25, 2022 in New York City. Photo by Spencer Platt/Getty Images files U.S. stocks sank to the lowest in six weeks as doubts emerged… Continue reading U.S. stocks sink to six-week low before key earnings