A trial is set to start over a class-action lawsuit regarding whether Tesla CEO Elon Musk knowingly misled investors by claiming that funding was “secured” to take the company private in 2018. After closing the deal to purchase Twitter in October 2022, the Tesla CEO now has to face his earlier statements on the same social […]
A majority of Twitter shareholders on Tuesday voted in favor of accepting Musk’s April offer of $54.20 per share amid whistleblower testimony alleging the platform isn’t secure and is a privacy risk. The shareholder meeting lasted about 7 minutes, and the vote lasted only 3 minutes. A vote count read during a live stream of the […]
Elon Musk is being sued by former Twitter shareholders who claim he failed to disclose his stake in the company on time, thus preventing them from profiting when the social media platform’s stocks shot up in price. The class-action lawsuit was filed in Manhattan federal court by plaintiff and stockholder Marc Bain Rasella, who is suing on […]
Astra, a startup that makes small rockets to send satellites into orbit, is going public at a valuation of $2.1 billion through a deal with blank-check company Holicity Inc, the companies said on Tuesday. The deal with Holicity is expected to provide up to $500 million in cash proceeds, they said. This includes a $200 […]
Jaydyn Carr was a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing, and now the 10-year-old investor has cashed in, making almost $3,200. His mother, Nina Carr, told CNN that she bought Jaydyn 10 shares of the company’s stock in 2019 as a Kwanzaa present, because she wanted to teach him […]
DALLAS (AP)—At Exxon Mobil, profit is down and the stock has sagged too, but debate at the annual meeting is more likely to focus on the oil giant’s stance on climate change and other issues. Shareholder activists are pushing Exxon to study and disclose whether regulations designed to reduce carbon emissions could hurt demand for […]
Toshiba Corp wants Westinghouse, its nuclear unit operating out of the U.S., to file for Chapter 11 protection from creditors as early as Tuesday, March 28, according to a source with direct knowledge of the matter, seeking a quick containment of losses before the Japanese parent’s financial year ends. While a Westinghouse bankruptcy filing would […]
