According to a report by CNBC, Musk faces a $15 billion tax bill on stock options expiring next year, which is likely the real reason he considered selling 10% of his Tesla stock in the first place. As Musk himself declared, he doesn’t take a salary or cash bonus from …
Read More »Elon Musk speaks out after Internet votes YES to him selling 10% of Tesla stock
Musk – the CEO of Tesla and the world’s richest man – put the decision of whether to sell his stock to a Twitter poll on Saturday and pledged to “abide by the results of this poll, whichever way it goes.” Over 3.5 million people voted in the poll, which …
Read More »Elon Musk puts 10% Tesla stock sale to TWITTER POLL, promises to stick to result
In a tweet on Saturday, Musk asked his followers to vote either yes or no to the sale of the stocks, which are valued at around $21 billion. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. …
Read More »‘Very difficult years’: Renowned philosophy professor Kathleen Stock quits Sussex University after harassment by trans activists
“This has been an absolutely horrible time for me and my family. I’m putting it behind me now,” the academic tweeted, announcing her departure after “a very difficult few years.” Stock thanked the university for stating that bullying and harassment for legally held beliefs is unacceptable. In a letter published …
Read More »Federal Reserve bans stock trading, other investments for top officials after controversies
The US’ central bank released a statement on Thursday, detailing the broad new rules, which limit senior Federal Reserve officials to “purchasing diversified investment vehicles, like mutual funds.” This will mean top officials cannot hold individual bonds or stocks in public companies. New regulations also require that permitted investments, like …
Read More »How does the stock market work?
Let’s consider the trends of the modern stock market. If you have tuned into the financial media, you might have noticed that some experts point to the fact that the stock market is noticeably ahead of itself, when others notice that it is keeping pace with the economy. Who is …
Read More »AMC stock soars over 20% as Reddit-fueled rally extends to another week
Shares of AMC surged 23% to nearly $57 on Monday, following an 80% rally in the previous week. AMC has gained more than 120% since the beginning of the month, after a wild growth of 160% in May, pushing its 2021 rally to over 2,600%. Last week, the trading frenzy …
Read More »GameStop eyes sale of stock worth up to $1bn as it seeks to spur digital shift on the back of WallStreetBets rally
Though specific details on the timetable and amount of stock to be listed have yet to be determined, GameStop said it would use the proceeds to “accelerate its transformation” and improve its overall financial standing, among other things, the company said on Monday. The funds attracted through the potential sale …
Read More »‘The war continues’: Small investors up in arms after GameStop stock trades halted amid price surge & reports of Reddit outages
$GME was up by nearly 104 percent when trading stopped on Wednesday, more than doubling its value over the last 24 hours, but the surge was stopped in its tracks by a trading halt imposed some 15 minutes before markets closed. Observers online noted that while halts are typically short-lived …
Read More »‘Should get banned for that!’: Palmeiras ace Rony a laughing stock after ABSURD Club World Cup penalty miss (VIDEO)
Copa Libertadores champions Palmeiras were expected to easily dispatch Egyptian side Al Ahly in Thursday’s third-place playoff of the FIFA Club World Cup but after a scoreless draw in regulation time at the Education City Stadium in Qatar, the match was to be decided by a penalty shootout. Signs that …
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