News: Companies

Our news is a collection of materials about updates, events and trends in the Liquidity, Forex, Crypto and FinTech industries.

Musk Suggested Twitter Deal Was on Hold. Law Expert Says It’s Not So Easy

"Generally, these types of claims aren't very convincing," Quinn notes. "There's a lot of bravado, a lot of back and forth, but they're not very strong. Sometimes people renegotiate prices, but not by a great deal."

Elon Musk Expected To Serve As Temporary Twitter CEO After Deal Closes

According to a Securities and Exchange Commission filing on Thursday, Musk secured about $7.14 billion in equity commitments from friends and other investors to purchase Twitter.

VW Aims to Launch Scout, an EV Off-Roading Brand

Volkswagen Group is preparing to launch Scout, a new specialized EV business that will create an all-electric truck and a tough off-roading SUV for the American market. The business intends to build a rugged SUV and pickup truck by 2026.

PayPal Trims 2022 Outlook But Beats Revenue Forecast

Holdings said its first quarter was a "good start," but it lowered its full-year forecast, expecting payments volumes to fall. Its adjusted earnings per share expectation are now $3.81 to $3.93, down from a previous range of $4.60 to $4.75.

Mark Zuckerberg’s Metaverse May Take a Decade to Bloom. Wall Street Still Celebrated

The expansion into the metaverse is likely to take longer to make a profit than traditional software, and it may take a decade before the business is capable of truly raking in cash, said Mark Zuckerberg, CEO of Meta Platforms. Wall Street is still optimistic.

Insider News: Samsung Elec To Join Renewables Pledge As S.Korea Shifts Gears On Green Energy

According to the source, RE100 will be incorporated into the climate targets soon after the new administration takes office. Because of the delicate nature of the matter, the source requested anonymity.

Elon Musk Will Make an Indelible Mark on Twitter, Experts Say

While Musk has not revealed any particular changes to the website, he has advocated for fewer restrictions on what users can and cannot publish and has speculated that the platform may transition from being financed by advertising to a subscription-based model.

Expert Opinion: Will Tesla Be the Next Netflix? It Could Be Another Google

Who is correct isn't critical to the stock price as long as the core company remains robust, but CEO Elon Musk's willingness to invest money and time in other areas might determine how long that remains the case.

Globant Plans Acquisitions to Boost Push Into Asia and Europe

Globant SA, Argentina's technology heavyweight, wants to expand further with mergers that provide it entry into new markets and access to innovations, as the CEO of the corporation stated after the acquisition of one of Uruguay's largest IT companies.

Netflix Stock Had Its Worst Day in Nearly 2 Decades. What Wall Street Is Saying

Netflix lost 200,000 customers in the third quarter, falling far short of its target of 2.5 million net additions. The streaming platform would have gained 500,000 customers if it had not lost 700,000 Russian subscribers. The business expects to lose 2 million net users in the June quarter.

Alibaba, Bilibili, and China Tech Stocks Slide on Live Streaming Crackdown

Chinese technology stocks fell in Hong Kong on Tuesday as a result of Beijing's tougher rules on the country's live streaming industry, as well as fears over DiDi Global's anticipated delisting in the United States.

Morning Brief: From Chip Makers to EV Production & What is New in Crypto and Stock Market so Far

On Monday, bitcoin fell to slightly around $39,000, reaching one-month lows, while ether fell below $3,000 as risky assets such as cryptocurrencies continued under pressure from global central banks' plans to tighten monetary policy.

Microsoft Is Building An Ad Program That Will Let Brands Advertise In Xbox Games

These initiatives have not been confirmed by Microsoft. "We are continuously searching for solutions to enhance the experience for gamers and developers, but we don't have much else to say," a spokesman commented.

Goldman Sachs, Morgan Stanley To Lead Intel’s Mobileye IPO — Sources

The share market offering, which is scheduled to begin later in 2022, may value Mobileye at up to $50 billion, according to the insiders, who cautioned that the timeframe, pricing, and scale of the IPO are dependent on market dynamics.

Insider News: KKR To List Japan’s Kokusai Electric As Early As June, Sources Say

According to Refinitiv figures, this would make it the largest business to list in Tokyo since SoftBank Group Corp floated its telecommunication subsidiary with a market valuation of 7.2 trillion yen in late 2018.

Walmart’s Flipkart Raises IPO Valuation Target To $60-70 Bln, Eyes 2023 Listing-Sources

A couple of individuals knowledgeable about the matter said that Flipkart, Walmart's Indian e-commerce subsidiary, had increased the valuation of its United States IPO by about a third.