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Elon Musk’s Bait-and-Switch Transportation Company Valued at $8 Billion
Elon Musk’s “mass” transportation venture, known as The Boring Company, has been valued at $US5.675 (around $8) billion, according to a press release from the company. Yes, that’s billion with a “B.” And who says the Silicon Valley hype machine is dead?
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Elon Musk Wants to Buy 100% of Twitter in Hostile Takeover for $60 Billion
Elon Musk, who recently bought a 9.2 per cent stake in Twitter, has made an offer to buy the company outright for $US54.20 (around $75) per share in cash in a hostile takeover of roughly $US43 billion (let’s say $60 billion), according to a new from Bloomberg News and documents filed with the SEC. Musk…
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Elon Musk Sued by Twitter Investor Over Illegal Stock Purchase Secrecy
An investor in Twitter has filed a lawsuit against Elon Musk over the billionaire’s secret purchase of Twitter stock that sent the price soaring after it became public. Musk bought his enormous slice of Twitter shares on March 24, but the public didn’t learn about it until April 4.
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Facebook Still Wants to Launch Digital Currency Despite Reports It Killed Zuck Bucks
Meta, the parent company of Facebook, is still planning to create a digital currency, according to a new report from the Financial Times. The news comes after Facebook was said to have abandoned its cryptocurrency plans this past February — a project originally called Libra when it was first announced in June of 2019, but…