Netflix has closed out its worst year in more than a decade, with its stock plunging more than 50 percent and wiping out a staggering $136 billion in market value. For 2022, Netflix shares dropped 50.6 percent, the most the stock has declined on an annual basis since 2011. For the first time, the once-invincible company lost subscribers for two consecutive quarters, ushering in a period of painful... 

Twitter’s Board of Directors said on Friday that they intend to close the transaction with Musk at $54.20 per share, and that they plan to pursue legal action to enforce the agreement, Twitter chairman of the board Bret Taylor tweeted following the news, adding that the board is “confident it will prevail in Delaware Court of Cancery.” Musk’s filing won’t be the end of... 

In the wake of Elon Musk buying an influential stake in Twitter and being appointed to its board, the company has declared that it will continue to censor anyone it pleases and will not reverse previous decisions to ban prominent users including President Trump. As we covered yesterday, woke Twitter employees took to the platform to share their anger about Musk being their new boss, following the... 

South Korea’s special prosecutors are seeking to arrest the head of Samsung Group Jay Y. Lee over allegations of bribery involving President Park Geun-hye and her secret confidante Choi Soon-Sil. Jay Y. Lee is suspected of paying up to $36.42 million (43 billion won) in bribes to Choi Soon-sil in return for governmental approval of controversial mergers. Choi Soon-Sil s at the center of the... 

Zimbabwean President Robert Mugabe Zimbabwean President Robert Mugabe says his government will continue to press foreign firms to surrender the majority of their shares to local partners. “The indigenization program is to be pursued with renewed vigor,” Mugabe said on Tuesday, opening a new session of parliament after the July elections. He said the new parliament will amend laws in accordance... 

Want Proof? HERE IT IS This is a list of the institutional owners of BP stock. This is NOT private owners. There are 350 million shares of BP. Financial Institutions own roughly 40% of BP. Goldman Sachs (on March 31st) owned 6 million shares…after it sold 4.7 Million shares. WHAT DID THEY KNOW?  Read More »