Business, Financial & Legal News - Page 57

Tesla and SpaceX CEO Elon Musk offered to purchase Twitter at $46.5 billion, and reports indicate that Twitter and Musk were scheduled to meet on Sunday to discuss the offer.

Now, the Financial Times has reported that sources close to the deal have said that Twitter is facing pressure to seek a deal with Musk for the sale of Twitter, despite the second largest social media company taking a "poison pill" that would allow existing shareholders to purchase Twitter stock at a discount price, in an effort to dilute the holdings of any new investors and thwart Musk's attempt at securing a deal.

However, if many shareholders back Musk in a tender offer and accept his bid for the company, Twitter's negotiating power would take a hit as the board would be going against many of its shareholders. Even with its defensive "poison pill" and a portion of its shareholders backing it, Twitter may not hold enough negotiating power.

Both of the Russian oligarchs were former executives in the gas industry.

51-year-old Vladislav Avayev and his wife and daughter were found dead on April 18th at his apartment in Moscow. A day later, 55-year-old Sergei Protosenya was found dead alongside his wife and daughter at a villa in Barcelona. Protosenya was formerly the chief accountant of Novatek, Russia's second-largest natural gas producer, while Avayev was the former vice-president of Gazprombank, the third-largest bank in Russia by asset value.

Protosenya was found hanged in his villa while his wife and daughter had been stabbed, and police are considering scenarios where Protosenya killed both his wife and daughter and then himself, or someone staged the crime scene after murdering all three. Avayev was found with a fatal gunshot wound, as were his wife and daughter, with the initial conclusion by investigators being that Avayev killed them and then himself, as there were no signs of anyone else having entered the apartment.

Elon Musk is really sending a message to the powers that be with his latest tweet, striking at Bill Gates and saying "in case u need to lose a boner fast" with a picture of Bill and a "pregnant man" emoji.

There's absolutely no context here, it's just the world's richest man -- and soon-to-be owner of Twitter -- trolling one of the other richest men in the world: Bill Gates. But the pregnant man emoji? I mean a conspiracy theorist would have a field day connecting BOTH of the men to Ghislaine Maxwell, Jeffrey Epstein, and a million bad people in between... but hey, Musk doesn't like to talk about that.

It can't be a dig at Bill being bigger (fatter, if you don't get triggered by the word) than Elon... Elon is a chunky lad as well. So what exactly is Elon saying here? Is Bill Gates really a woman? Is that why Melinda split up with him? Maybe Melinda is a man, like the rumors of Michelle Obama being a man... I guess we'll have to see what Elon Musk says next.

The dark cloud hanging over Bobby Kotick has been getting thicker and thicker, starting at the end of 2019 before the pandemic kicked off -- in the middle of the Hong Kong protests and China covering it all up -- but I don't forget, and neither does the internet (or Jeffrey Epstein's little black book).

Kotick, who isn't just associated with mystery billionaire ultra-weirdo Jeffrey Epstein -- whose girlfriend and BFF Ghislaine Maxwell is in court right now -- but he used to date Facebook (and now Meta) executive Sheryl Sandberg.

Yeah, well Sheryl used her enormous power to pressure UK outlet the Daily Mail to NOT post stories about her "temporary restraining order" against Kotick in 2014. Kotick dated Sandberg for 3 years until 2019 -- the year when his life started to unravel. The Facebook COO contacted the Daily Mail in 2016 and 2019, putting a brick wall between their stories, and the real-world.

The next time you hear Jim Cramer scream "BUY" on some stock -- maybe don't -- as the host of "Mad Money on CNBC" told the world to buy Netflix stock on January 4... and it has absolutely tanked since.

Netflix stock is down 39% in the last 5 days, down from around $350 to just $214 at the time of writing. A disaster, as Netflix stock has a 52-week high of $700.99 and now we're scraping just over $200. SpaceX and Tesla boss Elon Musk said the "woke mind virus" is killing Netflix... and with shows like "He's Expecting" (about a man who is "pregnant") it's no wonder.

Netflix has been getting worse and worse with its content over the years, where its woke-focused content isn't being consumed anywhere near as much. Not only that, but there are far more competitors in the streaming space now including Disney+, Apple TV, HBO Max, and more.

Netflix can't blame losing 200,000 subscribers from its 200,000,000+ strong base of monthly subscribers for the disastrous 35%+ drop of its stock on the opening bell this morning.

SpaceX and Tesla boss -- as well as Twitter enthusiast and board member, Elon Musk -- said that a "woke mind virus" is the biggest threat to civilization. Musk said Netflix had been neglecting its viewership, focusing too much on "woke issues". Anyone that has watched Netflix over the last few years can agree.

Netflix is competing with other streaming giants in the space now, with Apple TV, Disney+, HBO Max, Paramount, and more. The mainstream media wants to blame the Ukraine conflict, but they can't use that as the new pandemic and lay blame for all economic issues because of it. I won't. Because the cost of living and the Ukraine conflict were screwing Netflix, all streaming giants would be suffering.

Netflix will follow its competitors by offering a lower-cost subscription tier with advertisements.

Netflix CEO Reed Hastings confirms the streamer plans to add new cheaper subscriptions with ads to stay competitive against its rivals. The strategy comes after Netflix lost over 203,000 subscribers in Q1 2022--the first loss in 11 years--and the company forecasts to lose another 2 million subs in Q2.

While Netflix hasn't concretely outlined its plans, Hastings says the new ad-based subscription tier will offer more consumer choice and highlights the benefits that ads have brought to Hulu, Peacock, HBO Max, and Disney.

Taipei-based Chinese Television Systems, a TV network that is partly owned by the Taiwanese government, had a ticker at the bottom of its screen at 7 AM local time on Wednesday alerting everyone that Taiwan had been invaded by China.

The graphic on Taiwan TV read: "New Taipei City has been hit by a Chinese Communist guided missile. Ships in Taipei Port have exploded, damaging facilities. Banqiao Station is reported to have been set on fire by explosives placed by special forces".

The Ministry of National Defense had asked municipal governments to include the Chinese invasion scenario in a video as part of an annual drill, Huang De-ching, commissioner of the New Taipei City Fire Department explained: "This is for the drill of national defense mobilization and disaster prevention. The Defense Department asked us to include the scenario of a China attack. So we have that scripted in the start of the video".

SpaceX and Tesla CEO Elon Musk, the richest individual on Earth, is attempting to buy Twitter and has reportedly shifted his strategy.

In a new report from the New York Post, Musk's previous offer to purchase Twitter for $43 billion has now resulted in Musk searching for financial backing in the deal. The new deal is described as "complex" and involves Musk putting forward $10 - $15 billion of his own money, which is a large increase from the $3.4 billion in Twitter stock he currently owns. A further $20 billion will come from outside investors who will together own more equity in Twitter than Musk.

While outside investors will own more equity in Twitter than Musk, the Tesla and SpaceX CEO will still remain in control of the company being the single largest shareholder. Individuals close to the situation have told the New York Post that Musk is also willing to borrow against his current state in the company, which would raise additional funds if necessary.

Netflix has lost subscribers for the first time in 11 years and its stock is currently plummeting.

Netflix today reported disappointing Q1 results and subscription growth has dropped. The company lost 203,000 paid subscribers across its three most important worldwide regions, including the United States, EMEA, and Latin America.

Netflix now has 221.6 million active subscribers, down from the 221.8 million reported in Q4 2021, which was also a miss. The company attributes the loss to factors like account sharing, economical issues, COVID-19 disruptions, and worldwide problems like the war in Ukraine.