A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billio...
Tag: Distraction
Coinbase, whose CEO called most politics a ‘distraction’, launches voter registration tool
Coinbase, a crypto exchange whose CEO previously said it doesn’t “advocate for any particular causes or candidates internally that are unrelated to our mission,” has launched a voter registration port...
Bitcoin is the Best Distraction From the Current Financial Collapse, Says Franklin’s CEO
Jenny Johnson – President and Chief Executive Officer of Franklin Templeton – thinks the ongoing economic condition is in a very grim state, while bitcoin is “the best distraction” from that downfall....
Musk exits Twitter deal: ‘just a distraction for what he really wants’
Shares of Twitter Inc (NYSE: TWTR) slid another 5.0% in extended trading on Friday after billionaire Elon Musk announced plans of terminating the $44 billion takeover deal with the social network. Why...
Distraction Or Hostile Takeover? Here’s What Analysts Say About Elon Musk’s Offer To Buy Twitter
Topline Shares of Twitter fell on Thursday after Tesla’s billionaire CEO, Elon Musk, offered to buy the company and take it private for roughly $43 billion, a move that some analysts think is just the...
Cyber crime up as hackers use Ukraine war as distraction
Online hackers have been more active since Russian forces invaded neighboring Ukraine in late February, CrowdStrike CEO George Kurtz told CNBC’s Jim Cramer on Tuesday. In an interview on “...
Why Tesla’s $2 Billion In Bitcoin Is A Distraction And Circus, According To One Analyst
Tesla’s stock is up today, although the stock is down 9% so far this year. Bitcoin is also trading higher today, but it has lost 8% of its value since the beginning of 2022. In terms of vehicles sold ...
Why Tesla holding $2 billion in Bitcoin is ‘a distraction and sideshow’: Analyst
As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin ...