Meta CEO Mark Zuckerberg intends to maintain control over the company he founded in 2004 and a new class of stock will help him do just that. On Wednesday as Meta released third quarter earnings results, the company announced that it would issue a new share class of Class C stock. The share class, which
Investors are cheering the prospect of a SpaceX-Tesla megamerger. Shares in the rocket company soared around 9% at market open in New York on Wednesday after Elon Musk said that SpaceX and Tesla have begun to discuss the mechanics of a potential combination. Speaking on SpaceX’s earnings call on Tuesday night, Musk said that his
Shares of Netflix hit a two-year low after the streamer’s Q3 2026 earnings report revealed an ongoing softening in top-line growth and a miss on advertising revenue for the full year. The stock was down -7% in premarket trading Wednesday, to under $64/share, a decline of nearly 30% year-to-date to the lowest point since August
Houston, we have an update on all that SpaceX-Tesla merger chatter. During SpaceX’s Tuesday earnings call, Elon Musk said both of the companies had created “special committees of independent directors” to discuss a potential merger. Musk, who helms both companies and owns billions of dollars in stock of each, said he can’t be part of
President Donald Trump announced this afternoon that Elon Musk’s SpaceX shares for children will be given through Trump Accounts. Musk said earlier today that he would give one of his SpaceX shares to “every kid in America” sometime next year. Musk had thanked Trump Account booster Brad Gerstner for “helping enable this,” and Trump appeared
A witness who testified against Andrew Left has himself become involved in an insider trading probe, bringing a new twist to the bombastic short-seller’s fraud conviction. Left’s lawyers this month asked the judge who oversaw his trial to toss the jury’s verdict convicting him of 13 counts of securities fraud. The trial was irredeemably unfair,
