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Microsoft Corporation has raised $19.75 billion through a senior unsecured notes offering, which is the third-largest U.S. corporate bond sale of the year. The company plans to use the money to fund its acquisition of LinkedIn Corp . This is the fifth biggest bond deal ever, according to S&P Global Ratings. Demand was high for the bonds, helping…
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According to reports from an article on FT, SolarCity Corp has formed an advisory panel regarding Tesla Motors Inc’s potential purchase of the firm. The committee will feature 2 of the boards members. It has been nearly 1 week since Tesla made an offer to acquire SolarCity. Elon Musk is the founder of SolarCity, &…
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The rumor mill was back at work this week regarding the possible acquisition of the popular yet struggling social media company, Twitter Inc . As Twitter stock continues to tank, the online social networking firm becomes a potential acquisition target for a number of firms, including Alphabet Inc, AKA Google . A little background on Troubled Twitter Inc Twitter Inc has…
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X which was formerly known as Twitter has been in the news ever since billionaire Elon Musk acquired the company last October and took it private. He later quit as the company’s CEO and hired former NBC Universal advertising executive Linda Yaccarino to lead the company. In a recent interview, Yaccarino said that she has…
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Billionaire Elon Musk has rebranded Twitter as X and replaced the iconic blue bird with an X logo. The social media platform meanwhile continues to grapple with multiple troubles even as Musk seems to be pivoting it to become an everything app like WeChat in China. Last year, Musk reportedly told Twitter employees that “You…
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Twitter owner Elon Musk has now said that the company is still losing cash. His comments come barely two months after he claimed to have performed a “major open-heart surgery” on the social media company to make it viable. Responding to a tweet about recapitalization, Musk said, “We’re still negative cash flow, due to (about…
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Ever since Elon Musk acquired Twitter in October 2022, the platform has faced recurring troubles and controversies. The most potent challenge to the microblogging site is now coming from the growing success of Threads which was launched by Mark Zuckerberg-led Meta Platforms last week. Threads surpassed 100 million users in five days and became the…
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In an open letter, Bernstein analysts have called upon Amazon board and CEO Andy Jassy to stop chasing too many ideas and instead focus on a select few. While Amazon stock has gained almost 50% this year and is outperforming the Nasdaq, the stock has underperformed tech peers over the three- and five-year periods. In…
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Former Lordstown Motors’ (NYSE: RIDE) CEO Steve Burns sold 4,345,647 shares between May 5 and May 15 as the former executive continues to trim his stake in the troubled EV (electric vehicle) company. Burns stepped down as the company’s CEO in June 2021 months after Hindenburg Research accused the company of misconduct. Along with Burns,…
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Zoom Video Communications (NYSE: ZM) stock is trading flat in US premarket price action today after even as the company beat earnings estimates for the first quarter of fiscal year 2024 and also raised its annual guidance. Zoom reported revenues of $1.11 billion in the fiscal fifth quarter that ended in April. The revenues rose…
