Business
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Seems These Hedge Fund Goons Want To Ditch Twitter’s CEO
After scooping up a major stake in Twitter, activist investor Elliott Management Corporation plans to oust its co-founder and CEO Jack Dorsey, according to recent reports.
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Tesla Posts Record Deliveries In Q2 2019, But Still Lost $408 Million
Electric car giant Tesla had its stock plunge over 10 per cent in after-hours trading after posting a $US408 ($585) million loss in Q2 2019, despite shipping record numbers of cars, CNBC reported on Thursday.
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Oh No, Apple Probably Only Made $120 Billion Last Quarter
Tim Cook just issued a very curious warning: Apple is lowering its revenue guidance for the first quarter of 2019. In other words, Apple is not going to make as much money as it had previously anticipated, and it’s kind of China’s fault. How bad is the damage, you wonder? Apple now expects to earn…
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Apple May Be The First Trillion-Dollar Company, But Can You Believe The 2001 Brendan Fraser Film Monkeybone Isn’t On Netflix?
Just 21 years after facing near-bankruptcy, Apple Inc. just became the first publicly traded company in history to be worth $US1 trillion ($1.3 trillion). This means that Apple’s market cap is roughly the same as the nominal GDP for Mexico, the world’s 15th largest economy, according to the United Nations. It’s a meaningless milestone in…