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Google Search is likely the best (most lucrative) business model of this millennium. The companyâs monopoly on search garners a 24% net profit - on 91% of the $190 billion search business...
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Berkshire put out its latest stock holdings (13F), a new letter to shareholders, and an earnings release, all within two weeks. Learn why BRK.B stock is a strong value today because...
Continue Reading(Bloomberg) -- Reddit Inc. is eyeing a valuation of as much as $6.5 billion in its initial public offering, according to people familiar with the matter.Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpBankers Sick of the NYC Commute Are Fueling a Boom in a Mini GreenwichElon Musk Sues OpenAI and Altman for Breaching Firm’s Founding MissionNYCB Flags Weaknesses in Loan Oversight and Names New CEOThe social media company plans to target a price range of $31...
Continue ReadingAlphabet's Google must face advertisers' proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some other antitrust claims, including those focused on ad-buying tools used by large advertisers. Castel was reviewing a number of cases against Google, and his decision struck down many claims but allowed at least one key set to proceed...
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OpenAI tells employees the lawsuit reflects Musk’s regrets about not being involved in company’s success...
Continue ReadingThe Nasdaq finally hit a new high, but is again extended. Several leaders offered new entries, including Taiwan Semiconductor. Investors need to be nimble, and patient...
Continue ReadingThe lawyers who voided Elon Musk's $56 billion compensation as excessive are seeking a record legal fee worth $6 billion, payable in the electric car maker's stock, according to a Friday court filing. "We recognize that the requested fee is unprecedented in terms of absolute size," said the filing with the Court of Chancery in Delaware by the three law firms. The fee will be paid by Tesla to attorneys who represented Richard Tornetta, a Tesla shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January...
Continue Reading(Bloomberg) -- OpenAI “categorically disagrees” with the lawsuit Elon Musk filed against the company, according to an internal memo sent to employees of the artificial intelligence startup.Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpBankers Sick of the NYC Commute Are Fueling a Boom in a Mini GreenwichElon Musk Sues OpenAI and Altman for Breaching Firm’s Founding MissionNYCB Flags Weaknesses in Loan Oversight and Names New CEOMusk, a cofounder of OpenA...
Continue ReadingWILMINGTON, Delaware (Reuters) -The lawyers who voided Elon Musk's $56 billion compensation as excessive are seeking a record legal fee worth $6 billion, payable in the electric car maker's stock, according to a Friday court filing. "We recognize that the requested fee is unprecedented in terms of absolute size," said the filing with the Court of Chancery in Delaware by the three law firms. The fee will be paid by Tesla to attorneys who represented Richard Tornetta, a Tesla shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January...
Continue ReadingLawyers for a Tesla shareholder who helped scuttle Elon Musk’s $55.8 billion compensation package asked a Delaware court on Friday to approve legal fees worth about $5.6 billion. The attorneys asked to be paid almost entirely in Tesla stock, a rare request from lawyers on the winning side of a verdict. Chancellor Kathaleen McCormick’s January decision to strike down Musk’s pay package at Tesla was the largest verdict in the history of the Delaware Chancery Court...
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