NASDAQ Ends at a High After Twitter Agrees to Musk Deal

Fourth EstateNASDAQ Board - bfishadow

NASDAQ ended substantially high on Monday after Twitter agreed to be bought out by entrepreneur Elon Musk, spurring a late-day spike in growth stocks. After Musk finally bought Twitter, the social media giant’s stock rose 5.6 percent, due to being …

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Apollo Global May Participate in Twitter Bid

Private equity firm Apollo Global Management is reportedly considering participating in a bid for Twitter as a lender to potential buyers, including Tesla CEO Elon Musk. Apollo has held discussions about financing bidders to buy Twitter, according to people familiar …

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Musk Offers to Buy Twitter for $41B

Fourth EstateScreenshot of Elon Musk's Twitter acount - Fourth Estate

Elon Musk has offered to buy Twitter for about 41 billion USD and said that the platform needs to go private to thrive and serve free speech, days after rejecting a seat on Twitter’s board. Musk offered to buy 100% …

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Elon Musk Sued Over Late Disclosure of Twitter Stake Purhase

Elon Musk was sued over delaying the disclosure of his newly purchased stake in Twitter, a move they alleged has kept the company’s share price down and saved Musk around $143 million. Former Twitter shareholders led by Marc Bain Rasella …

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Elon Musk Buys 9.2% Stake in Twitter, Shares Soar

Fourth EstateElon Musk tweet made on 26 March 2022 that is critical of Twitters role as "public square" - Fourth Estate

Twitter (NYSE:TWTR +26.15%) stock is surging in early morning after hours trading after the company disclosed in US SEC (Securities and Exchange Commission) filings that Elon Musk has taken passive stake of ~9.2% in the social media company. Twitter shares …

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Trading Halts for 33 Hong Kong Firms After Earnings Delay

Fourth EstateDigital signage marquee outside the Stock Exchange of Hong Kong. (file photo)

The Hong Kong stock exchange suspended trading for 33 firms over a delay in declaring their annual earnings. Major Chinese developers Shimao Group, Sunac China, and Kaisa Group are among the firms suspended from trading on Friday. Firms listed in …

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Fitch Cuts Russia’s Rating to Junk, Says Default is ‘Imminent’

Fitch has downgraded Russia’s sovereign bonds by six notches to “C” from “B”, saying that a debt default is “imminent”. The rating agency had already slashed Russia’s rating to a “junk” status of “B” on March 2, but said that …

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Ex-NSE Chief Arrested for Stock Exchange Scandal

The former CEO of the the National Stock Exchange (NSE) of India was arrested on Sunday for alleged lapses within the country’s top bourse, including leaking confidential information to an outsider. The Central Bureau of Investigation (CBI) arrested Chitra Ramkrishna, …

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