stocks
On Wednesday, Elon Musk disclosed that he sold $3.58 billion worth of Tesla stock this week, per the Associated Press. The Tesla CEO sold the shares from Monday to Wednesday, according to a filing that was posted by the U.S. Securities and Exchange Commission. This brings the total amount of Tesla stock he’s sold this […]
It seems like Elon Musk is trying to pull a fast one on Twitter shareholders, following his acquisition of the company and Tesla stock plummeting. Deadline reports that the social media platform’s shareholders have filed a class action lawsuit against Musk and Twitter, accusing him of unjust enrichment, false statements, and stock manipulation in an […]
Netflix is being sued by a group of shareholders who claim the streamer misled them about its subscriber growth for months prior to last month’s sharp decline and subsequent stock price drop, per The Hollywood Reporter. The suit was brought forward by investors who allegedly bought shares of Netflix between Oct. 19, 2021 and April 19, […]
Elon Musk, who was confirmed this past weekend to not be joining the Twitter board after all, has been sued by a shareholder. Per Reuters, a proposed class action filed in Manhattan federal court this week sees the shareholder arguing they and others were negatively impacted by Musk’s “delayed disclosure” of his investment. As previously reported, the […]
Elon Musk has posed a $25 billion question to his Twitter followers. The billionaire tech mogul posted a poll Saturday afternoon, asking whether he should sell a portion of his Tesla stock: “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10 percent of my Tesla stock,” he wrote, […]
Apple CEO Tim Cook cashed in on $750 million this week, as he marked 10 years in the role. According to an SEC filing, Cook acquired more than 5 million shares of Apple stock as part of the compensation package he received when he took over Steve Jobs’ role as chief executive a decade ago. CNN Business reports […]
The Securities and Exchange Commission announced Wednesday that three former Netflix employees and two close associates have been charged with using confidential information pertaining to the streaming service’s subscriber growth to net a profit of $3.1 million, Variety reports. Sung Mo “Jay” Jun, 49, has been identified in the SEC complaint at the center of insider […]
CEOs at the top 350 companies in 2020 made an average $24.2 million, a 18.9% jump, according to the Economic Policy Institute. The report also found that CEO compensation has increased an astounding 1,322% since 1978. From 1978-2020, the pay for an average worker only increased 18.0%. Most CEOs made $351 for every dollar earned by a typical employee, which […]
Megan Thee Stallion is giving away $1 million in stock as part of a partnership with Cash App, and it comes alongside an “Investing for Hotties” campaign, Billboard reports. “Me and my thriving empire Hot Girl Enterprises have teamed up with Cash App to teach you everything I learned on the way up about money and how […]
Bill Gates has transferred somewhere between $3 billion and $4 billion in shares to his former wife Melinda, according the Wall Street Journal. The shares, of which $850 million are of Deere & Co. (a 7 percent stake in the equipment company), were most recently transferred to Melinda on Thursday. The transfers were recorded Friday by Gates and his […]
