Bearish shocks are making media execs extra cautious

on January 4, when Justin Smith Announced that he is leaving Bloomberg to form a journalism start-up with former BuzzFeed editor Ben Smith, The financial tremors of 2021 were still running through his veins. After the painful COVID count of 2020, the economy had just grown fastest rate in decades, Consumer spending was back on … Read more

Apollo Global interested in Twitter, Elon Musk partnership

More private-equity firms have expressed interest in participating. deal for twitterPeople familiar with the matter said on Monday. The sources, who declined to be identified, did not name the firms. Interest emerged after the New York Post reported technology-focused private equity firm Thoma Bravo, Contacted social media platforms last week to trace purchases who will … Read more

Bank of America’s quarterly profits drop 12%, much lower than rivals

Bank of America reported a 12% drop in first-quarter profit from a year ago, which was much lower than its rivals last week. The country’s second largest bank received higher net interest income and little help Risk to Russian property, Charlotte, a North Carolina-based bank, said it posted a profit of $7.1 billion, or 80 … Read more

Citadel’s Ken Griffin is GOP’s top donor, putting $40M toward mid-term

Billionaire hedge fund manager Ken Griffin isn’t just investing in stocks, he’s also investing in politics – a $40 million investment in the upcoming midterm election cycle, according to a report. Griffin, Joe earned more money 1 donor to the Republican cause — more than any other hedge fund manager last year — at $2 … Read more

Twitter slams Elon Musk takeover with ‘poison pill’

Twitter is fighting back Elon Musk’s hostile takeover bid by giving its shareholders the opportunity to buy more company stock at a discounted rate — a defensive strategy known to investors as a “poison pill.” The move was made to make it more difficult for Musk, who currently owns 9.2% of Twitter, from increasing his … Read more

Elon Musk Can’t Run Tesla Effectively If He Buys Twitter: Analyst

Wall Street analysts are Doubtful that Tesla CEO Elon Musk Will be able to dedicate enough energy to run its electric car maker as well as SpaceX if he takes over twitter, Tesla shares fell 3.6% in trading Thursday — just hours after it was revealed that Musk had a $41 billion full-cash hostile takeover … Read more

Bolt valuation tanks after founder slams Silicon Valley ‘mob bosses’

A multibillion-dollar tech startup whose founder made waves earlier this year when he compared Silicon Valley to a “boys’ club” full of “mob bosses” has since seen its valuation in the secondary market crumble, The Post has learned.  San Francisco-based Bolt, which makes checkout payments technology and competes with the likes of PayPal, Shopify and … Read more

Bitcoin may plummet to $30K as tech stocks tank: analysts

Bitcoin could slump to $30,000 as the era of cheap money comes to a close and investors move cash from speculative assets to safer bets, market watchers suggest. Analysts note that cryptocurrencies are being treated by investors much the same as speculative tech stocks. While the tech-heavy Nasdaq was down nearly 4% last week, crypto … Read more

Wall Street bros’ wild nights of sex, debauchery on the rise

New York men who own penthouses have a lot of pent-up energy. And they’re ready and raring to release it. Right now, as the pandemic eases and Wall Street bonuses are through the roof, finance-world princes — flush with cash — are out on the prowl for fleshy fun. Take last month when a group … Read more