Elon Musk said late Tuesday he’ll resign as chief executive of Twitter — eventually. In a tongue-in-cheek tweet, Musk, who bought Twitter for $44 billion in October, said: “I will resign as CEO as soo...
Tag: social media platforms
Why Companies Do Layoffs Around Christmas
As job cuts ripple through industries such as tech and media, it is hard not to notice how the holiday season is a really unfortunate time for workers to be getting pink slips. There is arguably no g...
Elon Musk just sold $3.6 billion more in Tesla stock as Twitter turmoil continues
Tesla Inc. Chief Executive Elon Musk just sold nearly $3.6 billion more of the company’s stock, according to a filing with the Securities and Exchange Commission released late Wednesday. Musk sold jus...
Giant Fund Dumps Carnival Stock, Buys Snap, Warner Bros., and Baker Hughes
One of the largest public funds in the world recently made major changes in its U.S.-traded equity investments. National Pension Service of South Korea exited its investment in cruise giant Carnival (...
When Layoffs Happen at Tech Companies, This Position Is the First to Go
Nov. 29, 2022 10:00 am ET Listen to article (2 minutes) Companies couldn’t hire enough recruiters to help fill all of the open technology positions they had a year ago. Now many tech-talent seekers ar...
Mega-Companies Messed Up America’s Job Market. They’re Doing it Again.
Part of what has made America’s job market so tight is that big, publicly traded companies hired like crazy after the pandemic struck. Now that many are slamming into reverse, it seems like there is a...
Spotlight on layoffs: Cuts at Amazon, Cisco, Roku, Meta, Twitter, Intel and more
From HP, Amazon, Roku and Beyond Meat to Meta and Twitter, big names across a number of sectors have announced major layoffs in October and November. Alphabet Inc. GOOGL, +1.45% GOOG, +1.53% is consid...
How Elon Musk’s Twitter Faces Mountain of Debt, Falling Revenue and Surging Costs
To make the deal work, Mr. Musk has been trying to add subscription revenue and reassure advertisers about the platform’s future. Twitter was losing money before Mr. Musk bought the company, and the d...
The Myth of the Tech God Is Crumbling
Tech is full of smart people who build, run and invest in successful companies that have produced a tremendous amount of innovation. But the industry’s recent spate of failures and reversals has made ...
Zuckerberg Says This Will Be a Sales Driver Before His Big Bet on the Metaverse
Mark Zuckerberg, CEO of Facebook’s parent company Meta Platforms told employees the company’s WhatsApp messaging service will drive sales sooner than its massive investments in the metaverse. The What...
Icahn loads up on Twitter, oil and gas in third quarter, dumps Welbilt
Billionaire investor Carl Icahn acquired more than 12.5 million shares of Twitter Inc. during the third quarter, ahead of Elon Musk’s takeover of the company, while also boosting his holdings in Occid...
Elon Musk Complains of High Workload After Twitter Takeover
Elon Musk said he has “too much work” as the chief executive of both Twitter and Tesla as he undertakes mass layoffs and grapples with an advertising backlash at the social-media company. “I am real...
Tesla Makes Out Better Than Musk If Twitter Files Bankruptcy
What a potential Twitter bankruptcy would mean for Elon Musk isn’t easy to figure out, and it’s harder to sort out how Tesla shareholders would be affected. When running through the likely consequence...
You need to understand the FTX debacle even if you have no investments in crypto
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks they take when they park their money with a ligh...
Opinion: Tesla investors have been the biggest losers in Elon Musk’s Twitter deal, and those losses continue
Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have had to suffer....
Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.
Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal close...
Twitter Is Elon Musk’s Biggest Test—and Tesla’s Biggest Challenge. How They’ll Make It Work.
Elon Musk officially owns Twitter—and now the hand-wringing about his ability to oversee the rest of his empire has begun again. Of all the concerns around Tesla however, Musk’s ability to manage his ...
Twitter Has a Lot of Debt. It’s Not an Issue for Tesla—Yet.
Twitter has a new, consolidated debt of $18.5 billion. Win McNamee/Getty Images Text size Elon Musk had a bad weekend and that could pose problems for Twitter—and, by extension, Tesla stock. Musk’s f...
AMD lowered the bar for earnings, but there is still intrigue in one result
Advanced Micro Devices Inc. has already slashed expectations for its financial performance with a warning, but there is still some intrigue with the chip-maker’s earnings report. AMD AMD, +5.82% is sc...
Technology stocks tumble — this is how you will know when to buy them again
This has been a brutal year for Big Tech, as you can see in the chart below, with Meta Platforms META, +1.29% leading the way. Shares of the Facebook holding company plunged 26% on Oct. 27, bringing t...
Dogecoin Is Surging on Hopes of a New Life on Twitter
Twitter shareholders can breathe easy now that Elon Musk has taken the company private. Dogecoin owners may be even more thrilled since the cryptocurrency could get a new lease on life through the soc...
Meta’s Problems Could Be Fixed but First Mark Zuckerberg Needs a Reality Check
One thing that became clear in this past week’s terrible tech earnings is that Mark Zuckerberg already lives in the metaverse. At the very least, it seems that the Meta Platforms CEO has established r...
Elon Musk on the hook to pay more than $200 million to 3 fired Twitter execs
This story was updated with a more current tally of shares from Twitter’s most recent proxy statement. When Twitter Inc.’s top executives walked out of its San Francisco headquarters Thursday, they m...
Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall
Alphabet Inc. and Meta Platforms Inc. became two of the most valuable companies in the world by largely ignoring Wall Street and its concerns about their spending and big-money acquisitions. Now, in t...
Facebook earnings cut in half, Meta stock sinks toward lowest prices in more than 6 years
Facebook parent Meta Platforms Inc. on Wednesday became the latest tech titan tattooed by a precipitous drop in digital advertising, reporting less than half the profit it had in the same quarter a ye...
Opinion: This one stock stands out when looking at key data from the FAANG+ group
This has been a difficult year for tech-oriented stocks, but smart long-term investors often look for bargains. Why not buy quality merchandise when it is on sale? The FAANG group of stocks is well-kn...
Musk and Twitter Near a Deadline for Deal. What to Watch
Elon Musk has until Friday evening to close his $44 billion acquisition of Twitter or face an uphill legal battle in Delaware Chancery Court next month. Wall Street likely won’t be comfortable until c...
Big Tech Earnings Are Coming. 5 Key Things to Watch.
Brace yourself. This coming week, the world’s largest tech companies all report their September-quarter financial results. And I mean all of them— Alphabet Microsoft Meta Platforms Apple Amazon.com an...
‘Mass layoffs’ of Meta bus drivers lead to pleas for Facebook to bring workers back to the office
Protesters on Thursday urged Meta Platforms Inc. to call its Silicon Valley-based engineers and other employees back to the office, after Facebook’s parent company continued to dismiss service workers...
Opinion: Elon Musk pumps Tesla stock with ridiculous $4 trillion target. Is a dump coming next?
Another Tesla Inc. earnings call, and another fanciful Elon Musk prediction that likely encouraged yet another open file at the Securities and Exchange Commission on Wednesday. The chief executive of ...
A Big Tesla Stock Sale Is Coming. We Don’t Know How Big.
It’s looking increasingly likely that Tesla investors will have to deal with their CEO Elon Musk buying social media platform Twitter In the long run, the issue for Tesla (ticker: TSLA) investors is m...
Tesla stock closes lower than $150 for first time in more than two years as analysts say they can’t ignore Elon Musk’s Twitter ‘nightmare’ anymore
Tesla Inc. shares closed lower than $150 for the first time in more than two years Monday, after analysts said they are concerned that Chief Executive Elon Musk is being distracted from running the $4...