In a surprising move that has sent ripples through the financial community, Tesla—led by the controversial yet influential Elon Musk—has implemented significant amendments to its corporate bylaws. The modifications aim to severely restrict shareholders’ abilities to launch lawsuits against the company’s executives and board members for any alleged breaches of fiduciary duty. Effective since May
Enterprise
In the fast-paced world of cryptocurrency, the journey to public markets has often been riddled with challenges, as exemplified by Mike Novogratz’s relentless efforts to bring his crypto firm, Galaxy Digital, to the United States. In a vivid account, Novogratz expressed his frustration over a painstakingly drawn-out process that took nearly four years and cost
In a groundbreaking move that marks a significant milestone in the cybersecurity landscape, Proofpoint has announced its decision to acquire Hornetsecurity for an astounding $1 billion. This monumental deal is not merely a financial transaction but rather a strategic maneuver aimed at reinforcing Proofpoint’s standing in the European market while ultimately eyeing a return to
After a tumultuous period for public offerings, eToro’s recent debut on the Nasdaq has reinvigorated enthusiasm among investors, highlighting a significant shift in the landscape of fintech. On the day of its IPO, eToro’s shares opened at an impressive $69.69, soaring 34% above the initial pricing, which was set at $52. This surge places the
In a remarkable turn of events, Coinbase’s stock surged by more than 20% on Tuesday, marking its most significant rally since the day after Donald Trump’s election victory. This surge came on the heels of Coinbase’s recent inclusion in the S&P 500, a move that signals the crypto exchange’s burgeoning role in the U.S. financial
Monday’s trading session experienced a remarkable revival, thanks to a critical development in the ongoing trade tensions between the United States and China. With both nations opting to temporarily pause the imposition of reciprocal tariffs on goods, a wave of optimism swept through the stock market, especially benefitting technology and chip-related stocks. The agreement, while
In a frustrating twist of fate for cryptocurrency advocates, the ambitious push for crypto legislation in the U.S. has seemingly hit a colossal snag, and the root of this setback points squarely at one individual: President Donald Trump. The Senate’s recent rejection of the GENIUS Act, a bipartisan effort designed to structure a regulatory framework
The antitrust trial surrounding Google is more than just a legal dispute; it’s a vital examination of market power in the digital age. As the head of search, Liz Reid’s recent testimony shed light on the potential operational upheaval Google might face if the Department of Justice (DOJ) gets its way. With estimates that implementing
In the high-stakes world of app development and digital commerce, few disputes have garnered as much attention as the ongoing legal saga between Apple and Epic Games. Apple, the tech behemoth known for its stringent control over the App Store, has found itself on the defensive following a recent court ruling that threatens to reshape
In an innovative leap that combines compassion with cutting-edge technology, NBA superstar Russell Westbrook has launched Eazewell, a startup aimed at simplifying funeral planning through artificial intelligence. Working alongside former Charlotte Hornets standout Kemba Walker and childhood friend Donnell Beverly Jr., Westbrook seeks to transform a process often marred by emotional distress and logistical chaos