Musk’s $56 billion compensation package was voided in January in a lawsuit brought forth by a Tesla shareholder.
Apple shares have underperformed the broader market on a 6-month, 12-month and 2-year basis as rival Microsoft surpassed Apple as the world’s most valuable company.
Apple had reportedly been working on the development of its electric vehicle since 2014.
Shares of Warner Bros. Discovery slid Friday to their lowest level ever, even after the HBO and CNN parent’s streaming unit became the first major streamer aside from Netflix to record a profitable year on record, exemplifying the struggles of legacy media companies to return shareholder value in the era of streaming.
The social media company has eyed an IPO for years, first reportedly filing confidentially back in December 2021.
Neuralink, Musk’s brain interface company that hopes to merge humans with computers, began the first human trial of its technology in January with a view to restoring lost functions like movement and communication to people with paralysis.
Spot bitcoin ETFs are finally here, attracting billions and challenging all pre-existing crypto-based ETFs. Does that spell the end for bitcoin futures funds? Not so fast. ProShares is doubling down.
Seven Group Holdings—controlled by billionaire Kerry Stokes—is offering to buy the rest of construction giant Boral for A$1.9 billion ($1.2 billion).
Shares of Super Micro Computer nosedived Friday as an analyst threw some cold water on the U.S.’ hottest stock, but shares of the company viewed as among the top pure artificial intelligence plays remain up an eye-popping level.
The drop in share price began in after-hours trading Friday after the company released earnings.