Why Bezos and Zuckerberg are selling billions in shares:
businessinsider.de/wirtschaft/international-business/copydarum-verkaufen-bezos-und-zuckerberg-aktien-in-milliardenhoehe/
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| Last Updated | Feb 28 |
| Total Articles | 1 |
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Elon Musk Is Once Again Richer Than Mark Zuckerberg as Meta Shares Plunge: Mark Zuckerberg’s fortune plunged $20 billion as shares of Meta Platforms Inc. tumbled ...
bloomberg.com/news/articles/2024-04-25/musk-is-once-again-richer-than-zuckerberg-as-fortunes-reverse
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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
cnbc.com/2024/04/24/meta-loses-200-billion-in-value-zuckerberg-focuses-on-ai-metaverse.html
Meta’s Mark Zuckerberg avoided a cage match with Elon Musk but got a jab in anyway by passing him on the billionaires list
fortune.com/2024/04/22/mark-zuckerberg-avoided-cage-match-with-elon-musk-but-got-jab-in-anyway-by-passing-him-billionaires-list-tesla-meta/
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Can Elon Musk Pull Off a Comeback Like Mark Zuckerberg?: Tesla CEO Elon Musk tries to execute a dramatic, tech-driven pivot to rescue his company’s crashing ...
nymag.com/intelligencer/article/can-elon-musk-pull-off-a-comeback-like-mark-zuckerberg.html
Mark Zuckerberg warns of stock volatility as Meta bets billions more on AI investment ‘before we make much revenue’
fortune.com/2024/04/24/mark-zuckerberg-meta-ai-llama-revenue-stock-earnings-q1-2024/
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Tesla stock bounces back after a dreadful few months marked by layoffs and tanking sales
qz.com/tesla-stock-ev-elon-musk-wealth-bounces-back-1851438895
Meta Q1: Sales Up 27%, Profit Doubles to $12.4 Billion, Weak Outlook: Meta punched in huge sales growth for Q1 2024 and net income doubled, but the stock fell on ...
variety.com/2024/digital/news/meta-q1-2024-earnings-results-1235981037/
Facebook Group - Zuckerberg wants to make Meta number one in AI: Brilliant quarterly figures, big AI plans: But investors are causing the shares of the Facebook ...
szbz.de/nachrichten/artikel/zuckerberg-will-meta-zur-nummer-eins-bei-ki-machen
Paid articlePaid Elon Musk is once again richer than Mark Zuckerberg: Facebook parent Meta's hundred-billion-dollar market cap loss has cost Zuckerberg, while Musk's Tesla stock ...
qz.com/elon-musk-richer-than-mark-zuckerbrg-tesla-meta-earning-1851438236
Paid articlePaidQuick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
The Social Network 2: Aaron Sorkin Writing Quasi-Sequel About Insurrection: Aaron Sorkin plans to write a movie about the January 6 insurrection ...
comingsoon.net/movies/news/1684862-the-social-network-2-aaron-sorkin-writing-quasi-sequel-about-insurrection
Quick Glance: Aaron Sorkin Writing Potential Social Network Sequel
- Oscar-winning screenwriter Aaron Sorkin reveals he is working on a new movie that could be a follow-up to The Social Network.
- Sorkin blames Facebook for January 6 and plans to address how social media is impacting democracy.
- He criticizes Facebook for tuning its algorithms to promote divisive content to increase engagement, neglecting the balance between growth and integrity.
- While Sorkin's representatives have not responded yet, sources mention the project is in early stages of development with no attached studio.
Triton International: Preferred Shares Offer A Yield Between 6.9% And 8.2%: Triton's balance sheet shrank after being acquired by Brookfield Infrastructure ...
seekingalpha.com/article/4686287-triton-international-preferred-shares-offer-a-yield-between-6-9-percent-and-8-2-percent
Paid articlePaid Adaptimmune: Huge Opportunity Amid Their Setback With Genentech: Adaptimmune is presenting at ASCO, potentially providing updates on their drug development ...
seekingalpha.com/article/4686684-adaptimmune-huge-opportunity-amid-their-setback-with-genentech
Paid articlePaid The Mag. 7: Concentrate Or Diversify?: photographer/iStock via Getty ImagesDatatrek summarized things this way: “Without 5 Big Tech names ...
seekingalpha.com/article/4686673-the-mag-7-concentrate-or-diversify
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Meta's open source AI is a blow to Google and OpenAI: Mark Zuckerberg is ruining the market for his competitors with his open source strategy. Investors doubt ...
nzz.ch/technologie/facebook-konzern-meta-verschenkt-seine-kuenstliche-intelligenz-eine-kampfansage-an-google-und-openai-ld.1827392
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Inflation Focus: The Bloomberg Open, Americas Edition: Good morning. Markets brace for more insight on inflation. Jeff Bezos’s missing messages land him in hot ...
bloomberg.com/news/newsletters/2024-04-26/inflation-focus-the-bloomberg-open-americas-edition
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Meta's median pay for employees is $379,000 a year: Meta's median salary is significantly higher than many tech jobs, though on par with rivals like Google and ...
businessinsider.com/meta-median-yearly-pay-employee-2024-4
Meta's stock plunges as AI costs pile up: Meta's AI spending spree is starting to give investors an ulcer.
axios.com/2024/04/25/facebook-meta-stock-ai
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Rooting for Trump to fail has made his stock shorters millions: There have been plenty of scary moments, including last week when DJT, the ex-president’s ...
pbs.org/newshour/politics/rooting-for-trump-to-fail-has-made-his-stock-shorters-millions
Quick Glance: Profiting from Trump's Truth Social Appears Lucrative
- An amateur Wall Street investor group has made millions by betting against the stock price of Trump's social media company.
- Their bets are driven by the company's poor financials rather than personal feelings towards the former president.
- Despite paper profits of at least $200 million, they remain cautious due to the stock's volatility.
- Buyers of Trump's stock could amplify losses for short sellers through massive purchases and a potential 'short squeeze.'
Federal regulators accuse Amazon executives of deleting messages: The Federal Trade Commission is accusing Amazon founder Jeff Bezos and others of using ...
washingtonpost.com/technology/2024/04/26/amazon-ftc-messages-deleted-bezos/
Jeff Bezos and Reed Hastings on Why Leaders Should Cultivate Intellectual Humility
inc.com/peter-cohan/jeff-bezos-reed-hastings-on-why-leaders-should-cultivate-intellectual-humility.html
The Meta-morphosis of Mark Zuckerberg: The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley ...
nytimes.com/2024/04/24/style/mark-zuckerberg-new-look.html
Orla Mining: Good Upside Potential, But At A Lower Price: Orla Mining Ltd. operates as a gold producer in Mexico and has successfully started production at its ...
seekingalpha.com/article/4686103-orla-mining-good-upside-potential-lower-price
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With the introduction of AI Facebook may finally reach its target to ‘improve the world’
dailymaverick.co.za/article/2024-04-24-with-the-introduction-of-ai-facebook-may-finally-reach-its-target-to-improve-the-world/
Mark Zuckerberg says Threads has 150 million monthly active users: Threads, the Twitter/X rival from Meta, is growing at a stable pace. The social network now ...
techcrunch.com/2024/04/24/mark-zuckerberg-says-threads-has-150-million-monthly-active-users/
Tech giants are spending more on AI amid slow returns, and that's spooking investors
techspot.com/news/102739-tech-giants-spending-more-ai-amid-slow-returns.html
What I Wish I Knew About Dividend Stocks Before Buying ETFs And CEFs: There are several key differences between investing in dividend ETFs and CEFs ...
seekingalpha.com/article/4685821-what-i-wish-i-knew-about-dividend-stocks-before-buying-etfs-and-cefs
Paid articlePaid Dollar General: Cost Management And Same-Store Sales Growth Key To Recovery: Based on a DDM, Dollar General doesn't seem to offer a good return at current prices ...
seekingalpha.com/article/4686057-dollar-general-cost-management-and-same-store-sales-growth-key-to-recovery
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X/Twitter partially overtaken: Threads has 150 million monthly active users: After less than a year, more than 150 million people open threads at least once a ...
heise.de/news/Threads-von-Meta-hat-jetzt-150-Millionen-monatlich-aktive-User-9698056.html
Google parent announces first-ever dividend; beats on sales, profit; shares soar: Alphabet announced its first-ever dividend on Thursday and a $70 billion stock ...
reut.rs/3UyBaJX
Jeff Bezos and Amazon Execs Used An Encrypted Messaging App to Talk About 'Sensitive Business Matters,' FTC Alleges
entrepreneur.com/business-news/ftc-alleges-jeff-bezos-and-other-amazon-execs-deleted-texts/473324
Harley-Davidson profit falls 23% on slowing sales, shares tumble: Harley-Davidson on Thursday reported a 23% decline in first-quarter profit ...
reuters.com/business/autos-transportation/harley-davidson-quarterly-profit-falls-slow-demand-2024-04-25/
Quick Glance: Harley-Davidson Boosts Profit with New Models
- Harley-Davidson reported a better-than-expected first-quarter profit, driven by sales of new Touring motorcycles in North America.
- The company benefited from increased demand for the newly launched 2024 Touring models, while facing declining sales in Europe and Asia.
- Adjusted earnings per share for the first quarter were $1.72, exceeding the average analyst expectation of $1.51 per share.
- Revenue from motorcycles and related products decreased by about 5% to $1.48 billion in the quarter, but still surpassed estimates of $1.34 billion.
Kering’s Shares Are Down 18%, and It’s Hitting François Pinault’s Pocket Book: Shares in Kering are down 18 percent this year, and the company's founder ...
robbreport.com/lifestyle/news/kering-future-francois-pinault-1235596657/
Facebook scams demand stricter online rules, Japan lawmaker says: Lawmakers in the Diet are considering summoning Meta Chief Executive Officer Mark Zuckerberg to ...
japantimes.co.jp/news/2024/04/26/japan/facebook-scams-demand-stricter-online-rules/
The CEO of Jefferies Just Sold $65 Million in Shares to Buy a Yacht: Jefferies CEO Rich Handler sold $65 million worth of stock in the company to buy a yacht ...
robbreport.com/motors/marine/rich-handler-yacht-tilman-fertitta-1235594863/
Did Meta Just Burst The Big-Tech Bubble?: Given the high valuations, and limited growth potential, the big tech is in a bubble. Read more to see if Meta just ...
seekingalpha.com/article/4686066-did-meta-just-burst-the-big-tech-bubble
Paid articlePaid Hertz Global eyes worst day on record as EV rental business falters: Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage ...
reuters.com/business/autos-transportation/hertz-global-eyes-worst-day-record-ev-rental-business-falters-2024-04-25/
Google parent Alphabet reclaims spot in $2 trillion valuation club: Alphabet breached the $2 trillion market value mark for the first time since November 2021 on ...
reuters.com/technology/google-parent-alphabet-reclaims-spot-2-trillion-valuation-club-2024-04-26/
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Tech Stocks Tumble As Meta’s AI Bet Spooks Investors: “There are several ways to build a massive business here,” Meta CEO Mark Zuckerberg told investors ...
forbes.com/sites/roberthart/2024/04/25/tech-stocks-tumble-as-metas-ai-bet-spooks-investors/
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
Mark Zuckerberg Only Made $1 in Salary in 2023— But Earned Over $24 Million in 'Other Compensation'
entrepreneur.com/business-news/what-is-meta-ceo-mark-zuckerbergs-salary-security-costs/473242
Enphase Energy: After The Dip, Shares Still Too Sunny: Enphase Energy's first quarter results were disappointing, leading to a decline in share price ...
seekingalpha.com/article/4686126-enphase-energy-after-dip-shares-still-sunny
Paid articlePaid FTC wants to know more about Jeff Bezos, Amazon execs' use of Signal: The Federal Trade Commission is seeking more information about Amazon employees' use of the ...
businessinsider.com/jeff-bezos-amazon-execs-signal-messaging-app-ftc-investigation-2024-4
Breakingviews: TikTok’s fate matters only up to a point for Meta: The countdown clock is starting for TikTok, but Meta Platforms boss Mark Zuckerberg will only ...
reuters.com/legal/transactional/tiktoks-fate-matters-only-up-point-meta-2024-04-24/
Anglo American rejects BHP's $39 billion takeover proposal: Anglo American rejected rival miner BHP Group's 31.1 billion pound ($39 billion) takeover proposal on ...
reuters.com/markets/commodities/bhp-shares-fall-36-after-making-39-bln-bid-rival-anglo-american-2024-04-26/
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
And suddenly, Mark Zuckerberg's silver chain excites the crowds: Until then, Mark Zuckerberg's nerd look didn't really get much attention. But on April 20 ...
elle.fr/Mode/La-mode-des-stars/Et-soudain-la-chaine-en-argent-de-Mark-Zuckerberg-passionne-les-foules-4231389
Meta shares plunge as prolonged AI spending plans unnerve investors: Meta Platforms' shares plunged 14% in premarket trading on Thursday as the social media ...
reuters.com/technology/meta-shares-plunge-16-frankfurt-after-ai-spending-revenue-forecast-2024-04-25/
Google surges after buying back billions of dollars of its own stock: Alphabet, the parent company of Google, bounced back from an absolutely dreadful day for ...
cnn.com/2024/04/25/tech/google-tech-earnings-dividend/
Facebook parent company: Meta disappoints with outlook: The world's largest social network wants to become "the world's leading AI company ...
faz.net/aktuell/wirtschaft/unternehmen/facebook-mutterkonzern-meta-enttaeuscht-mit-ausblick-19676946.html
Paid articlePaid Jeff Bezos' hard-driving approach is good for business but may lack empathy, Harvard professor says
businessinsider.com/jeff-bezos-ceo-amazon-leadership-approach-lack-empathy-harvard-professor-2024-4
Meta stock sinks as investors ‘caught off guard’ by AI spending plans - National | Globalnews.ca
trib.al/koZAe0e
A $1 million wealth gap now divides white families from Black and Hispanic ones, research shows
nbcnews.com/news/latino/1-million-wealth-gap-white-black-hispanic-families-rcna149252
Mark Zuckerberg Ran an Impressive 5K Just 5 Months After ACL Surgery: On Sunday, Mark Zuckerberg lined up for the Stanford Medicine My Heart Counts 5K and ...
runnersworld.com/news/a60566484/mark-zuckerberg-5k-run-2024/
Meta's VR/AR woes continue with new $3.8 billion loss: In its first quarter earnings, Meta's revenue as of Sunday, March 31st 2024 surged to $36 ...
pocketgamer.biz/news/83892/metas-vrar-woes-continue-in-new-38-billion-loss/
‘Not a Viable Option’ – Bezos Earth Fund Declines Israel Investment Due to Gaza War
palestinechronicle.com/not-a-viable-option-bezos-earth-fund-declines-israel-investment-due-to-gaza-war/
Taylor Swift Repeat-Wears This Do-It-All Spring Staple That’s as Low as $8: Taylor Swift wore a square-neck tank top with cap sleeves in a YouTube Shorts video ...
instyle.com/taylor-swift-square-neck-tank-top-8638512
Why Are Men With Beards So Much More Attractive? We Have Answers.: With one fake beard, Mark Zuckerberg became an object of thirst.
huffpost.com/entry/why-do-beards-make-so-many-men-so-much-more-attractive_l_6627e6f9e4b096c7bac64da1
China vs. USA: TikTok controversy could strengthen democracy: China's stance on TikTok could inadvertently promote digital ethics and pave the way for stricter ...
t-online.de/digital/kolumne-nicole-diekmann/id_100392090/china-vs-usa-tiktok-kontroverse-koennte-demokratie-staerken.html
Amazon: The Margin Train Is Gaining Speed: Amazon remains the cheapest option, by far, for fulfillment, logistics, and customer acquisition ...
seekingalpha.com/article/4685639-amazon-the-margin-train-is-gaining-speed
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A Famous Troll Went After Jeff Bezos’ Girlfriend This Week. He Should Have.: I really don't think Lauren Sánchez needs that much defending.
slate.com/human-interest/2024/04/jeff-bezos-girlfriend-white-house-lauren-sanchez-wife-keith-mcnally.html
Meta's Threads now has more daily US users than Musk's X: Launched less than a year ago as a rival for Twitter, Threads is continuing to gain ground with users.
businessinsider.com/meta-threads-more-daily-us-users-twitter-elon-musk-x-2024-4
Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to boost his productivity
cnbc.com/2024/04/24/jeff-bezos-i-believe-in-wandering-to-boost-productivity.html
Baron Focused Growth Fund Q1 2024 Shareholder Letter: Baron Focused Growth Fund increased 1.68% in the first quarter. The Fund underperformed the Russell 2500 ...
seekingalpha.com/article/4685677-baron-focused-growth-fund-q1-2024-shareholder-letter
The Prompt: The Latest AI Startup To Face Reality: Plus: Mark Zuckerberg’s fake beard and AI-generated e-textbooks
forbes.com/sites/rashishrivastava/2024/04/23/the-prompt-the-latest-ai-startup-to-face-reality/
Mark Zuckerberg spilled the beans on his new chain necklace look: Mark Zuckerberg's been in the spotlight recently thanks to his chain necklace ...
businessinsider.com/mark-zuckerberg-dug-into-new-chain-necklace-look-2024-4
Paid articlePaid Mark Zuckerberg Just Made It Official: Meta Is Going Open-Model With Horizon OS: The Facebook founder is letting other hardware-makers use his company's ...
inc.com/ben-sherry/mark-zuckerberg-companies-can-build-products-on-meta-headset-os.html
Weak business figures: Tesla's quarterly profit falls by 55 percent: The US electric car manufacturer Tesla is struggling with falling sales figures ...
n-tv.de/wirtschaft/Teslas-Quartalsgewinn-faellt-um-55-Prozent-article24896184.html
Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4
Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush
- Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.
- Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.
- The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.
- Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.
Baron Health Care Fund Q1 2024 Shareholder Letter: In the quarter ended March 31, 2024, Baron Health Care Fund advanced 8.92% compared with the 8 ...
seekingalpha.com/article/4685283-baron-health-care-fund-q1-2024-shareholder-letter
Meta’s Metaverse is still losing the company billions: But the Facebook parent's virtual reality research and development unit, Reality Labs ...
qz.com/meta-metaverse-facebook-earnings-mark-zuckerberg-1851433524
Meta Q1: Sales Up 27%, Profit Doubles to $12.4 Billion, Weak Outlook: Meta punched in huge sales growth for Q1 2024 and net income doubled, but the stock fell on ...
variety.com/2024/digital/news/meta-q1-2024-earnings-results-1235981037/
Why Investing For Dividends Can Help Build Wealth: Investing in dividend-paying stocks can give investors higher pay raises without the need to work countless ...
seekingalpha.com/article/4685203-why-investing-for-dividends-can-help-build-wealth
Paid articlePaid Someone added a beard to a photo of Zuck. People are loving the look.: The edited image has even drawn the attention of Mark Zuckerberg himself and his wife ...
businessinsider.com/mark-zuckerberg-fake-beard-meta-social-media-viral-photo-2024-4
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears: Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries ...
reuters.com/technology/tesla-jumps-musks-promise-more-affordable-cars-eases-growth-fears-2024-04-24/
Solar firm SunPower to cut jobs, shut business segments: SunPower said on Wednesday it plans to cut jobs and shut certain business segments as part of a ...
reuters.com/business/energy/solar-company-sunpower-reduce-workforce-shut-business-segments-2024-04-24/
Brands billionaires are wearing this spring: The spring season is here, and billionaires are choosing Italian brands, trendy sneakers, and more for their style.
businessinsider.com/brands-billionaires-are-wearing-this-spring-2024-4
Osprey Bitcoin Trust: Now A Liquidation Value Play: For me, Osprey Bitcoin Trust is worth a small position. Read more to see an overview and analysis of OBTC ...
seekingalpha.com/article/4685232-osprey-bitcoin-trust-now-a-liquidation-value-play-stock
Paid articlePaid Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'
cnbc.com/2024/04/24/djt-trump-media-ceo-asks-house-gop-to-launch-stock-manipulation-probe.html
EnerSys: Softer Momentum, But Clarity On Taxes: EnerSys has seen mixed signs since last summer, with tax credits increasing but organic business performance ...
seekingalpha.com/article/4685226-enersys-softer-momentum-but-clarity-on-taxes
Paid articlePaid Truth Social owner Trump Media asks Congress to investigate ‘troubling’ market manipulation claims
cnn.com/2024/04/24/business/trump-media-truth-social-stock-manipulation/
Quick Glance: Trump Media Seeks Congressional Probe on 'Troubling' Market Manipulation Claims
- Trump Media & Technology Group is asking Congress to investigate suspicions of illegal activity affecting its stock price.
- In a disclosed letter, Devin Nunes, the CEO of Truth Social owner Trump Media, urged GOP Chairmen of relevant House Committees to examine the 'urgent matter' of 'potential manipulation' of the company's stock price.
- Trump Media recently reported a $58 million loss in 2023 with minimal revenue. The company's price-to-sales ratio, a common stock valuation method, is notably high compared to competitors in the social media sector.
- In the communication to Congress, Trump Media highlighted that data suggests 'just four market participants' accounted for over 60% of the exceptional trading volume in the company's stock: Citadel Securities, Virtu Americas, G1 Execution Services, and Jane Street Capital.
Tesla's in trouble. Is Elon Musk the problem?: Cybertruck: stalling. The stock: falling. The CEO: appalling. Why his gamble may cost him more than a $50 billion ...
mashable.com/article/tesla-without-elon-musk
Trump to receive 36 million additional shares of Truth Social parent company, worth $1.17 billion
usatoday.com/story/money/2024/04/23/trump-truth-social-stock-price-bonus/73423982007/
Trump to score additional $1.2 billion windfall thanks to his Truth Social app: Trump is getting additional shares in his social media company ...
npr.org/2024/04/23/1246645808/truth-social-shares-windfall-trump-media-technology-group
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