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Elon Musk beats $500 million severance lawsuit by fired Twitter workers
Elon Musk won dismissal of a $500M severance lawsuit for mass layoffs at Twitter. Judge Trina Thompson ruled ERISA irrelevant. Twitter’s 2019 plan promised more than the post-buyout one month of pay without benefits. Plaintiffs may amend the complaint. Case McMillian et al v. Musk et al, Northern District of California. Musk leads Tesla, Forbes.
Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
Elon Musk seeks to dismiss lawsuit from former Twitter shareholders over delayed stake disclosure. Shareholders claim he saved $200 million by waiting to reveal his 9.2% ownership. Musk denies fraud allegations, stating it was a mistake. SEC also looked into his Twitter stock purchases. Lawsuit led by Oklahoma pension fund.
Buy-the-dip didn't work for mutual fund investors on election result day due to 'tech glitch'
Mutual fund investors faced disappointment as a technical glitch led to delayed NAV allotment amid a stock market crash. Many investors demanded compensation for losses incurred due to the glitch.
Confused about which stocks to buy after election results? Why not buy the entire Nifty
Analysts recommend investing in Nifty 50 ETFs in SIP mode for long-term benefits, citing a low expense ratio and outperformance of traditional mutual funds. Despite the short-term volatility, the long-term outlook for Nifty 50 ETFs remains positive.
Dilemma before mutual funds investors: Buy now or wait till election results?
Mutual fund investors face a dilemma amidst volatile stock market conditions during Lok Sabha elections. Fear of correction at peak market levels and FOMO driving sectoral/thematic funds. Analysts recommend balanced advantage funds, asset allocation funds, and hybrid funds for moderate risk appetite investors.
Elon Musk ramps up anti-Biden posts on X
Elon Musk criticizes President Joe Biden on social platform X, expressing his disapproval of Biden's policies and leadership. Musk's frequent posts about Biden signal his influence on X's political discourse.
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Elon Musk's diplomacy: Woo right-wing world leaders. Then benefit
Elon Musk strategically leverages his Twitter ownership to support right-wing heads of state like Javier Milei, Jair Bolsonaro, and Narendra Modi. His endorsements lead to corporate benefits for Tesla and SpaceX in Argentina, Brazil, and India.
Last chance to buy: Viral multichain meme coin Dogeverse raises $13M+ as presale FOMO heats up
Dogeverse, a successful multichain meme coin, raised $13M in presale with Solana integration. Its diverse community and innovative features position it for significant growth in the meme coin market.
Elon Musk's fortune soars by most since before Twitter purchase
In the past five days, the world’s third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index. That’s his largest weekly gain since March 2022, just before he agreed to buy Twitter Inc. for $44 billion in one of the biggest leveraged buyout deals in history. Since then, his fortune has tumbled just as often as it has increased after a breathtaking ascent in 2020 and 2021.
International ETFs trading at premium compared to their NAV. Watch out before you buy
Many international ETFs are trading at a premium compared to their indicative intraday value (I - NAV) after the market regulator Sebi asked mutual funds to stop fresh subscriptions in their overseas ETFs from April 1.
Blinkit's 10-min delivery of PlayStation 5 Slim sparks twitter debate, people asks what is the need?
Blinkit CEO Dhindsa collaborates with Sony to distribute PS5 Slim in Delhi NCR, Mumbai, Bengaluru in 10 minutes. Pricing: Rs 44,990 Digital Edition, Rs 54,990 Disc version. Includes vertical stand, slim design, 1TB storage. In India from April 5, both the models will be available on Blinkit.
Y Combinator CEO Garry Tan: San Francisco's 'Twitter menace' or true believer?
Y Combinator CEO Garry Tan is one of a cadre of love-them-or-hate-them tech executives and investors with lots of opinions about San Francisco and endless piles of cash to, as they say in the tech industry, move fast and break things.
Very positive on overall India story, not so much on the export and FMCG story: Deepak Shenoy
Deepak Shenoy remains optimistic on India's overall story and cautious on exports and FMCG sectors. He emphasizes the importance of clarity before reinvesting and discusses potential sectors for upcoming investments, awaiting March quarter results for further decisions. Shenoy further says he has moved out of the cable and wire sector.
Best cryptocurrency to invest in: What cryptos to buy today for long-term gains?
The ongoing cryptocurrency bull run offers various investment opportunities, including Dogecoin20, Smog Token, Filecoin, Green Bitcoin, and Sei, driven by the SEC's approval of twelve Bitcoin spot ETFs and anticipated supply shock in 2024.
How to buy new FASTag online
Buy FASTag Online: FASTag is an RFID technology device for toll payments. It enables automatic toll deduction for a hassle-free trip on national highways. Recharging options are available online.
Deepak Shenoy likes to buy more when stocks go up and not only on dips: Here's why
Deepak Shenoy, founder of Capital Mind, shares insights on India's infrastructure changes and the challenges faced by the fintech industry. He discusses potential regulations in the hospital space and the impact on pricing. He also highlights the importance of buffers in investment portfolios to address market illiquidity. He says: "We would like to buy more when the stocks go up rather than just on declines."
US judge signals Elon Musk's X may lose case against hate speech watchdog
X sued the Center for Countering Digital Hate last July, accusing it of causing tens of millions of dollars in damages through a "scare campaign" to drive away advertisers.
Sanjiv Bhasin sees Nalco doubling in a year; offers a dark horse pick
Sanjiv Bhasin highlights the strength of the cement sector, particularly UltraTech, ACC, and Ambuja. Cement is going through the roof. Look at the price. There is a cartel. 53% of market share is with five players. UltraTHe recommends buying Dalmia Cement on declines. Bhasin believes these stocks will continue to be re-rated and perform well in the current market.
Mirae Asset NYSE FANG+ETF fetched 96% return last year; should invest now?
Mirae Asset NYSE FANG+ETF, a basket tracking an index comprising global mega-cap tech stocks, recorded a blistering 96% rise in NAV. The closest challenger, CPSE ETF, tracking an index of Indian public sector entities, fetched 75%. The NYSE FANG+ETF’s blockbuster show is bound to make investors take notice, but should you rush to add this table-topper to your mutual fund shopping list?
Elon Musk declares himself 'Chief Troll Officer,' updates his bio on X
Elon Musk has once again stirred the online world by updating his bio to 'Chief Troll Officer' and setting his location as 'Trollheim.'
Investing in residential or commercial properties? Read this Twitter thread on real estate first
A recent tweet by an influencer promotes real estate investment in India. The tweet has gone viral, garnering over 1 million views, and the ensuing reactions provide valuable insights and perspectives.
Truck drivers protest: EV owners flood the internet with memes
Yesterday, about 2,000 petrol pumps, mostly in western and northern India, ran out of fuel following the strike by truck drivers.
Elon Musk's X gets another valuation cut from Fidelity
Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter, Axios reported on Sunday.
Elon Musk assured bankers they won't lose money on loans for Twitter acquisition: Report
According to a report in the Financial Times, despite Musk's assurances, seven banks that lent money to Musk - Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Societe Generale - "are facing serious losses on the debt if and when they eventually sell it".
US judge tentatively rules Elon Musk must testify again in SEC's Twitter probe
During a hearing in San Francisco, U.S. Magistrate Judge Laurel Beeler quickly rejected arguments by Musk's attorney that SEC officials do not have the authority to issue subpoenas, saying the agency has broad investigative powers and that no judge would "second guess" an SEC probe.
Here is why Elon Musk wants Disney to fire Bob Iger
Elon Musk, the owner of X is upset with the Disney CEO Bob Iger as the multimillionaire company pulled off advertisements from the social media platform. Musk is constantly asking Bob to be fired and bullying him on his platform X. Disney has not officially retaliated against Musk.
After Elon Musk tirade, X faces prospect of more advertisers fleeing
In a memo to employees on Thursday, which was seen by Reuters, X Chief Executive Linda Yaccarino said Musk's interview was "candid and profound," and encouraged staff to watch it. She reiterated that X's mission is to be an open platform without censorship.
SEC tries to force Elon Musk to testify in Twitter takeover probe
Elon Musk, the world's richest man, is being sued by the U.S. Securities and Exchange Commission (SEC) over his $44 billion takeover of Twitter. The SEC is investigating whether Musk violated federal securities laws in 2022 when he purchased stock in Twitter and made statements related to the deal.
Violent clash erupts over mangoes in London's Indian market, video goes viral on social media
The catalyst for the clash was none other than the beloved fruit itself: mangoes. The video, initially shared on Twitter by the account @gharkakalesh, quickly gained traction with a caption that read, "Kalesh Over Buying Mangoes b/w Pakistani People's in London." The footage has garnered an impressive 77k views, sparking widespread discussion and commentary online.
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