#Verizon shares tumble as inflation hits wireless forecast

#Verizon shares tumble as inflation hits wireless forecast

“Verizon shares tumble as inflation hits wireless forecast” Verizon Communications on Friday tempered its full-year forecasts for profit and wireless service revenue as its spends heavily on upgrading its network, while rising inflation stops customers from opting for newer or pricier plans. Shares of the company were down nearly 6% in midday trading. Verizon said it now…

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#Bill Ackman loses 0 million after Netflix shares tank

#Bill Ackman loses $400 million after Netflix shares tank

“Bill Ackman loses $400 million after Netflix shares tank” Hedge fund billionaire Bill Ackman has quickly given up on Netflix. The head of Pershing Square Capital Management is $400 million poorer after selling the 3.1 million shares of Netflix that he bought for $1.1 billion in January. Shares of Netflix nosedived by 35% on Wednesday…

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#Elon Musk’s Tesla beats Q1 sales, profit estimates

#Elon Musk’s Tesla beats Q1 sales, profit estimates

“Elon Musk’s Tesla beats Q1 sales, profit estimates” Elon Musk’s Tesla blew past Wall Street expectations in its first quarter earnings report on Wednesday, posting yet another record profit despite investor jitters about supply chain issues and inflation. The electric automaker posted $18.8 billion in revenue during the January through March quarter — significantly above…

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#Apollo Global interested in Twitter, Elon Musk partnership

#Apollo Global interested in Twitter, Elon Musk partnership

“Apollo Global interested in Twitter, Elon Musk partnership” More private-equity firms have expressed interest in participating in a deal for Twitter, people familiar with the matter said on Monday. The sources, who declined to be identified, did not name the firms. The interest emerged after the New York Post reported Thoma Bravo, a technology-focused private…

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