Elon Sells More $TSLA Pending Twitter Deal

As Elon Musk waits to close his deal to buy Twitter for $44 billion, the Tesla CEO just sold a whopping $8.5 billion worth of Tesla stock. 💰 💰

Musk sold 9.6 million shares of $TSLA stock, selling each share within the ranges of $822.68/share to $999.13/share. Analysts say the giant sale implies that Musk is trying to come up with more cash for the Twitter deal. Here’s a great graphic from the WSJ’s coverage of the story showing Elon’s financing for the $44 billion deal:

After selling the block of shares, Musk retains a 16% stake in Tesla. Yesterday, the world’s richest man tweeted that he didn’t plan on selling any more $TSLA stock: “No further TSLA sales planned after today.” 

$TSLA closed down 12% today, the stock’s worst day since September 2020.

Birds Leave The Nest

The Twitter saga continues and is almost too much to keep up with. But, if you were on the site yesterday, you would’ve seen “#RIPTwitter” trending as people speculated that the site could no longer function after Musk’s mass layoffs.

After cutting roughly half the company’s 7,500-person workforce since taking over, Elon Musk issued an ultimatum to the remaining employees. Either sign up to work for the hardcore “Twitter 2.0” or leave. He gave employees until Thursday at 5 pm to make their choice, and initial reports suggested several hundred folks decided to go. 👋

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Let’s Get Ready To $RUM-ble

After months of anticipation, blank check company CF Acquisition Corp. VI ($CFVI) completed its business combination with the video-sharing platform “Rumble.” The combined company’s shares began trading on the NASDAQ today under the ticker symbol $RUM.

In an age where most social media platforms like YouTube have to choose between censorship and hosting a free-for-all, Rumble is stepping in as a high-growth neutral video platform. It says its goal is to create rails and independent infrastructure designed to be immune to cancel culture, hence its mission to restore the Internet to its roots by making it free and open again.

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Bob Iger Returns To Disney

A stock price falling nearly 60% over the last eighteen months left many investors wondering what could turn things around at the company. 🤔

Well, in a late-Sunday announcement, Disney informed the world that Bob Iger is back as Chief Executive Officer (CEO). Just eleven months after leaving, he’ll replace his hand-picked successor, Bob Chapek, who has faced much scrutiny over his company management. 

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Book A Stay With Airbnb CEO

Tech companies are getting back to basics in an effort to turn their stock prices around. One of those companies is Airbnb, which sees two obstacles in hosts using its product. 🚧

One, it can be hard to get started. And two, it can be nerve-wracking to have guests in your home.

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