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Tesla’s CEO Elon Musk is no stranger to controversies. After walking out of the deal to acquire Twitter at $54.20 per share, the world’s richest person has proposed buying the company at the original terms. Twitter sued Musk after he backtracked on the deal. The trials were set to begin in a few days and…
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The merger between former President Donald Trump’s TMTG (Trump Media & Technology Group) and Digital World Acquisition Corp. (NYSE: DWAC) looks in trouble as PIPE (private investment in public equity) investors seek a better deal. This is the latest headwinds for the DWAC-TMTG merger as the SPAC (special purpose acquisition company) has been delaying stockholder…
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Lyft stock has risen sharply over the last few trading sessions on rumors that the company could be a takeover target. The stock has rebounded from its all-time lows but is still deep in the red for the year. Social media users have speculated that companies like General Motors might acquire Lyft. While these rumors…
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Amazon was the worst performing FAANG stock of 2021 and rose only 2.3%. It underperformed not only the FAANG peers but also the S&P 500. 2022 has been tough for tech stocks and Amazon has also lost almost a quarter of its market cap in the year. However, it is still the second-best performing FAANG…
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With a YTD loss of over 71%, Peloton (NYSE: PTON) is among the worst-performing stocks this year. The stock had crashed last year as well after the splendid rally in 2020. With PTON stock now approaching its 52-week lows, Wall Street analysts remain quite divided on the stock. Peloton went public in 2019 and priced…
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Disney, which launched its streaming service in 2019 and has since added over 150 million subscribers, is reportedly looking at a membership program on like lines of Amazon Prime. The streaming war is heating up and incumbents have been taking action to make their service even more appealing. Amazon, for instance, partnered with GrubHub to…
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Nvidia stock is trading sharply lower after the company slashed its guidance for the fiscal third quarter of 2023. The earnings for the said quarter are scheduled for later this month only. Nvidia now expects to post revenues of $6.70 billion in the quarter which is way below the $8.1 billion that it had projected…
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Tesla’s CEO Elon Musk has confirmed that the company is laying off employees and around 3.5% of its workforce would be impacted by the decision. Tesla is also facing a lawsuit in the US over mass layoffs. Tesla and its CEO Elon Musk have been in news since April when the world’s richest person offered…
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Global cannabis giant Tilray is set to release its fiscal first-quarter 2022 earnings on Thursday before the US markets open. What’re analysts expecting from the company’s earnings and can the stock recover some of its recent losses after the earnings? Earlier this year, Tilray and Aphria had merged to create the world’s biggest cannabis company….
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ACY Securities is an online broker that offers users to trade a variety of financial assets with leverage. Also, by using an ECN execution, the Australian broker is able to offer fast market execution, low trading fees, and a transparent trading environment. So, if you are wondering if ACY Securities is the right broker for…
