Meet Twitter’s new owner: Elon Musk
After weeks of back and forth, Twitter has accepted Elon Musk’s buyout offer for $52.40 per share ($44B total) — over 30% below $TWTR’s 52-week high.
Stocks
American Express benefits from a surge in travel demand
Random stranger, you had me at travel. Travel demand is up despite raging war and inflation, but now it faces its next test: a looming recession…
Costco thrives as other retailers struggle
We dare you to find someone that dislikes Costco (NASDAQ:COST). Costco has outlasted many threats in the competitive world of retail — even the mighty Amazon.
Big Blue IBM making a comeback
It took IBM 100 years to break $100B in annual sales — and 10 years to lose 30% of it.
IBM is reinventing itself, and things are looking positive. A strong earnings report sent its stock up 7%.
Netflix tanks on first net subscriber loss in a decade
Yesterday, Netflix (NASDAQ:NFLX) reported first-quarter earnings, which confirmed a slowdown in streaming services — sending its stock down 25% in after-hours trading.
The Uber of China DiDi Global plans to delist from US stock exchanges
DiDi Global (NYSE:DIDI) — the Uber of China — may soon remove itself from the US stock exchange.
