Filmmaker Rian Johnson has addressed similarities between his Glass Onion character Miles Bron and Elon Musk, stating that any resemblance between the imaginary tech billionaire and his real-life counterpart is purely unintentional.
15.12.2022 - 18:39 / deadline.com
Twitter’s new owner Elon Musk has unloaded another 22 million shares of his publicly-traded electric automaker Tesla, raising north of $3.5 billion.
The move follows a sale in November of 19.5 million shares of Tesla and that company’s stockholders are growing increasingly restless and vocal about the founder and CEO’s commitment and highly public distractions with his latest venture. In April, when Musk also divested a big chunk of Tesla ahead of his $44-billion Twitter takeover, he promised there would be no more selling of Tesla stock but sold another tranche in November.
Musk divested his latest batch of shares on Monday, Tuesday and Wednesday this week, according to tan SEC filing. They were sold in multiple transactions at an average price per transaction ranging from about $156 to over $176 per share.
No reason was given. But Twitter has high debt and corresponding high interest payments and by Musk’s own admission is suffering a sharp downturn in revenue and burning through cash. He has been slashing costs amid mass layoffs. This week he Tweeted: “At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.” The Federal reserve increased interest rates by 0.5% yesterday — the seventh rate hike since March.
Telsa shares are down nearly 60% year to date. They are up a hair in early trading today.
“The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter which gets worse by the day as more advertisers flee the platform with controversy increasing driven by Musk,” said analyst Dan Ives at Wedbush Securities.
“When does it end? This remains the worry on the Tesla story as Musk has managed to change
Filmmaker Rian Johnson has addressed similarities between his Glass Onion character Miles Bron and Elon Musk, stating that any resemblance between the imaginary tech billionaire and his real-life counterpart is purely unintentional.
Thousands of global Twitter users have reported the website going down in the past few hours with Elon Musk blaming “significant backend server architecture changes” that should make the platform “feel faster.”
Many have tried, all have fallen. Do not come for Greta Thunberg! You’d think they’d learn, but… well, these aren’t exactly the wisest sages in the brush.
Infamous French mystic Nostradamus published a ream of predictions nearly 500 years ago - and some have already come true.
Elon Musk is accepting the will of the people after he polled Twitter users if he should step down as CEO of the social network. The poll had over 17M votes and the result of 57.5% was in favor of Musk leaving his current position.
A day after Elon Musk announced that Twitter would suspend accounts for linking to rival social media platforms, the controversial CEO is walking back the plan, now saying the new rule would apply only to accounts wherein the “primary purpose is the promotion of competitors,” which, Musk writes, “essentially falls under the no spam rule.”
Controversial Washington Post reporter Taylor Lorenz says she has been suspended from Twitter upon order of its owner, Elon Musk.
Lionel Messi’s Argentina beat France to clinch the World Cup title in a lively game at the Lusail Stadium in Qatar Sunday evening.
As news organizations condemn Elon Musk’s abrupt suspension of journalists from Twitter, a report surfaced that NBC News had earlier this month benched one of its reporters from covering the mercurial billionaire and his platform.
Twitter on Thursday abruptly suspended the accounts of several journalists including from the Washington Post, CNN and the New York Times as well as media pundit Keith Olbermann. All have covered Elon Musk in the past.
EXCLUSIVE: NBC has given a script commitment with penalty to an untitled sci-fi medical drama from Joshua Troke (Good Sam), Extant and Reverie creator Mickey Fisher, Justin Lin’s Perfect Storm Entertainment and Universal Television, where Lin is under a deal.
Billionaire Twitter owner Elon Musk continued his war of words with critics after being booed at length by the audience at a Dave Chappelle show Sunday night in San Francisco.
In the midst of his massive farewell tour, Sir Elton John took the time to say another goodbye this morning.
Time has selected Ukrainian President Volodymyr Zelensky “and the spirit of Ukraine” as its Person of the Year.
In an emotional Instagram post, actor Natalie Portman is condemning the rise of antisemitic hate speech and expressing gratitude to all who speak out against “all forms of racism.”
Kanye West, now known as Ye, has resurfaced on social media after he was suspended from Twitter for “inciting violence” following more antisemitic messages.
Twitter has released a tweetstorm of its internal discussions about its efforts to suppress the Hunter Biden laptop story Friday night via journalist Matt Taibbi.