El Salvador’s big bet on bitcoin has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings.
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Chinese tech stocks tumbled as weak corporate earnings coupled with a dimming global growth outlook intensified selling.
Google’s Russian subsidiary plans to file for bankruptcy after the authorities seized its bank account, making it impossible to carry on operations.
Sony Group has said it is well positioned to play a leading role in the metaverse.
In public, Elon Musk’s erratic tweets have sent Twitter’s shares flailing. Behind the scenes, it’s more like business as usual.
Elon Musk said he’ll proceed with his $44-billion takeover of Twitter only if the social media giant can substantiate claims about the proportion of bots on its service.
Intel shareholders have rejected compensation packages for top executives, including a payout of as much as $178.6-million to CEO Pat Gelsinger.
Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter, saying a viable deal at a lower price wouldn’t be “out of the question”.
SpaceX employees are offering to sell shares via a private placement that would value the firm at $125-billion, sources said.
The crypto market may well bounce back. But the message is clear: this stuff is not ready for prime time.