Tag: Wall Street

Elon Musk’s Twitter Deal Stalled Waiting for Proof of Fake Accounts

Elon Musk’s Twitter Deal Stalled Waiting for Proof of Fake Accounts

Elon Musk acquired twitter in a $44 billon deal in April, however a recent delay has now been caused by Musk over fake accounts. Musk has requested that twitter show proof of its claim that less than 5% of daily users are fake accounts. Despite Twitter’s defense that Musk waived
rights to due diligence when the deal was decided, Musk tweeted recently that the deal “cannot move forward” until this issue is resolved.

China’s Bankers and Traders Sleeping in Their Wall Street Offices During Covid Lockdown

China’s Bankers and Traders Sleeping in Their Wall Street Offices During Covid Lockdown

Amid a major Covid lockdown in China, nearly 20,000 bankers and traders in Shanghai are taking major precautions to ensure business runs as usual. Many companies have asked their employees to live at the office in an effort to prevent any disruption while the lockdown is taking place. However, a recent extension of the lockdown means that these employees will be camping out for longer than expected.

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