Author: Donald Munn
Between August 5 and 9, Elon Musk sold part of his Tesla shares for a total value of $6.9 billion. This marks the record for the largest billion-dollar sale. Elon Musk sells $6.9 billion worth of Tesla shares In recent days Elon Musk has filed six “Form 4“ documents, which are required by the SEC for this type of transaction. From what we gather, 7,924,107 shares were sold, at a weighted average price of $869.09. The liquidation has a total value of $6.9 billion and is the largest in history so far. Obviously, it did not happen all at once…
With great bitterness, Masayoshi Son, CEO and founder of the largest start-up and technology investment fund, announces the result of a black quarter: SoftBank loses $23.4 billion. SoftBank loses 7.5% on the stock market The Nikkei Index takes a hit as SoftBank’s 7.5% collapse The markets’ bad period is reflected mostly on commodities and tech stocks. The latest round of quarterly reports showed slightly above-expected results, at least on Wall Street, but this was not the case worldwide. In Asia, tech stocks performed worse than their US counterparts, such is the case with SoftBank, which can be classified as a…
Cathie Wood, the Rock Star of the stock market, sells 235,489 shares of Block, Jack Dorsey’s former Square, liquidating more than $20 million, to target three separate funds to buy shares in Nvidia. Cathie Wood sells Block shares to jump on Nvidia The famous Ark Invest fund decides to sell Block shares to launch on the Nvidia stock The so-called Rock Star of the stock market, Cathie Wood, founder of asset manager Ark Invest, has made a trade that leaves the market itself reeling. According to reports, Wood sold her 235,489 shares of payment provider Block (formerly Square founded by…
The CEO of Tesla Elon Musk, at the customary shareholder meeting on Thursday, explained how he expects the CPI to have already peaked and that a recession, which will last 12 to 18 months, will be milder than expected Like every year, Thursday was Tesla’s shareholder meeting chaired by the CEO himself, who didn’t miss delivering his own speech. Once he presented the quarterly report and outlined future plans, he spoke about the current economic situation in the United States in particular. The outlook on inflation levels and impending recession, according to Elon Musk The outlook, according to the entrepreneur,…
Following its debut in the world of non-fungible tokens (NFTs) in early February 2022, Lamborghini is making its own way with a special space-related initiative. Lamborghini’s new NFT project New NFTs from Lamborghini to collect over eight months Through a collaboration with NFT PRO and INVNT.ATOM, Lamborghini will take its supercars to places in space that travelers can visit and discover, collecting new NFTs every month for eight months until March 2023. “Since 1963, the year of its foundation, Automobili Lamborghini has always led from the front, demonstrating this with its super sports cars that continue to be the protagonists…
Roblox, a gaming company founded by David Baszucki and Erik Cassel, has hit its targets in its latest quarterly report, earning revenues of $591.2 billion. Roblox’s performance during the latest quarterly report Excellent quarterly for Roblox, growing turnover and human capital Roblox‘s free-to-play metaverse is booming, even though subscriptions this quarter were down 4%. It nailed Q2, grossing $591.2 billion with a 30% annual increase. The ROBLOX token, with which one can trade within the metaverse, suffered a slight drop in trading, but the company, founded in 2004 and based in San Mateo, California, is gaining great acceptance among young…
Korean electronics giant, Samsung Electronics, recently signed a memorandum of understanding (MOU) with six companies that will collaborate to build the Galaxy NFT ecosystem. Samsung’s future NFT ecosystem Samsung will partner with six companies to create its own NFT ecosystem Samsung has signed a memorandum of understanding (MOU) with six companies, including Theta Labs, to build a new user ecosystem for its new Galaxy, which will have increasing interaction with the NFT world. A post on the company website reads: “Samsung Electronics is promoting consumer experience innovation that connects non-fungible tokens (NFTs) in the online virtual world to offline real…
Microsoft has decided to invest in blockchain gaming and to do so it has subsidized Share Heroes, a shooter game set in space. Playing in third-person, the user fights both alone and in multiplayer mode, either in order to climb the online leaderboard with players from around the world or in as a single adventure. Thanks to the investment by the company founded by Bill Gates, the video game will now join the Azure PlayFab multiplayer game server, along with successful games such as Forza Horizon, Sea of Thieves and Tom Clancy’s Rainbow Six Siege. In addition, the video game…
Bitcoin Analysis Bitcoin’s price snapped two straight days of positive price action on Tuesday and wrapped-up its daily candle -$676. Today’s price analysis begins as always with bitcoin and today’s first chart is the BTC/USD 1D chart below from Operation_Morning_Star. BTC’s price is trading between the 1 fibonacci level [$17,370.73] and 0.786 [$28,638.77], at the time of writing. The targets above for bullish BTC market participants are 0.786, 0.618 [$37,484.71], and 0.5 [$43,697.93]. Traders going short the BTC market are looking to again send BTC’s price back down to test the 2017 all-time high of $19,891. If they’re successful at…
Bitcoin Analysis Bitcoin’s price finished up more than 2% for Monday’s trading session and when traders settled-up to close the day BTC was +$639.1. Today we’re kicking off our analysis with the BTC/USD 1W chart below from joselopez4053. BTC’s price is trading between the 1 fibonacci level [$18,245.61] and 1.618 [$28,386.4], at the time of writing. As we can see, bitcoin’s price is trading on the weekly time frame in an uptrend dating all of the way back to 2013 on this chart. For BTC’s price to break that channel and the long time uptrend it would have to fall…