Who texted Elon Musk to join or advise on a Twitter deal?

Elon texted his brother Kimbal Musk, an entrepreneur and board member of Tesla, on April 9: I have an idea for a blockchain social media system that makes payments as well as short text messages/links like twitter. You have to pay a small fee to register your message in the chain, which will disable the … Read more

Michael Burry warns of rising speed, potential inflation price shock

Scion Asset Management founder Michael Burry said signs of rising speed and declining money supply could be a harbinger of higher inflation. That may be at odds with recent views of Elon Musk and Cathie Wood of Ark Investment Management. Burry, the investor made famous by Christian Bale in the 2015 film “The Big Short” … Read more

Walmart enters the metaverse with Roblox

Walmart enters the metaverse with two experiences premiering Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will feature a hot air balloon that drops toys, a music festival with hot performers, a ton of different games, and a virtual merchandise store, or “verch,” which matches what customers can … Read more

Dow down 1,300 points as losses mount after August CPI reading

The Dow Jones Industrial Average fell more than 1,300 points in the closing hour of trading Tuesday as losses accelerated, led by technology stocks, while bond yields rose, keeping all three stock benchmarks on track for their worst session since at least June. an unexpected increase in August consumer price inflation. What is going on … Read more

Twitter Shareholders Vote to Approve Musk’s Offer to Buy the Company

Twitter shareholders voted Tuesday to approve Elon Musk’s $44 billion bid to buy the company and take it private. The vote comes as Musk wants to scrap the deal, casting doubt on Twitter’s self-reported percentage of fake accounts and claiming the company wasn’t as forthcoming as it should have been with its explanation of the … Read more

Carvana, Bristol-Myers Squibb, Alphatec and more

Ernie Garcia, CEO, Carvana Scott Mill | CNBC Check out the companies making headlines before the bell Monday. Carvana — Shares of the online car retailer rose more than 7% in the premarket after Piper Sandler upgraded Carvana from neutral to overweight. The company said Carvana could double from current levels, noting the stock is … Read more

Republicans may be trying to block student loan forgiveness

Arizona Attorney General Mark Brnovich suggested that student loan borrowers should not count on forgiveness just yet, despite President Joe Biden’s announcement last month that he would be canceling up to $20,000 for many. “I think a lot of people celebrate it prematurely,” Brnovich said. “A lot of other people are very upset about this, … Read more

Deal partner for Trump’s Truth Social not getting support for SPAC renewal: Reuters

In this photo illustration, the Truth Social logo is displayed on a smartphone. The blank-check acquisition company that agreed to merge with Donald Trump’s social media company failed to gain enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said Monday. . Rafael Henrique | Light rocket | … Read more

VPN use in Russia increases as government tightens internet controls

Russia has tightened its control over its internet. Authorities have blocked access to Meta-owned Facebook and restricted access to Twitter. Nurfoto | Getty Images Russians are turning to virtual private networks to evade the country’s stricter internet controls after the invasion of Ukraine. VPNs can mask an internet user’s identity and location to help them … Read more

Elon Musk Files Again Notification to End Twitter Acquisition, Citing Additional Reasons

In this illustration, Elon Musk’s Twitter account is displayed on the screen of a mobile phone with the Twitter logo in the background. A whistleblower’s complaint that Twitter misled federal regulators about the company’s security risks could provide Elon Musk with new ammunition in his bid to buy the company for $44 billion. Sheldon Cooper … Read more