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Twitter stocks went up after Elon musk buys it but what about Tesla and Snapchat’s stocks?

Twitter Inc.’s stock surged 6% to $52 per share on Monday. Musk made a bid to buy the social networking platform for $54.20 per share on April 14, 2022. While the price has risen significantly since Musk’s offer, it remains much below its February 2021 high of $77 per share.

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Twitter stocks went up after Elon musk buys it but what about Tesla and Snapchat's stocks?

As we all know Billionaire entrepreneur Elon Musk owns SpaceX and Tesla, but now he is looking forward to buy Twitter also. The 16-year-old social media platform (Twitter) will become a history in the world, once Elon will buy Twitter.

The contract, according to Twitter, is likely to conclude this year and is subject to approval from Twitter investors and authorities.

Twitter Share Price

Twitter Inc.’s stock surged 6% to $52 per share on Monday. Musk made a bid to buy the social networking platform for $54.20 per share on April 14, 2022. While the price has risen significantly since Musk’s offer, it remains much below its February 2021 high of $77 per share.

Snapchat Share Price

Since September 2021, Snapchat’s stock has dropped by more than 56%. SNAP is undeniably overpriced when measured by standard criteria. However, owing to its strong long-term potential, it is still expected to be profitable.

Snapchat reported $4.1 billion in sales, despite its enormous market capitalization of almost $56 billion. Nevertheless, its increasing growth rates are possible due to its high revenue growth rate of 42 percent and fast-growing revenue per user (ARPU).

Furthermore, Snapchat’s 319 million daily active users offer a lot of opportunity for development, and with an ARPU of just $4.06, its income is expected to rise as well.

Read Also: Elon Musk buys Twitter: Is it time to get out of it?

When compared to other social media stocks, SNAP performs very well in a bullish market. However, due to the present status of the market, it has been fairly volatile. As a result, investors should buy large shares of Snapchat after there are obvious indicators of a prolonged bull market. Buying Snapchat today, though, may be reasonably rewarding in the long run.

Elon Musk Companies and Stocks

According to Forbes, Mr. Musk is the world’s wealthiest entrepreneur, with a worth of about $279 billion. However, much of his wealth is invested in Tesla shares. He is owning approximately 17 percent of the electric car firm, which is worth more than $1 trillion, according to the reports.

Elon Musk First Company

Zip2 was the first company of Elon Musk. Elon Musk may be the only person on the planet whose worst failure has resulted in his becoming a millionaire. When Zip2, the serial entrepreneur’s first firm, sold for $307 million in 1999, Musk received $22 million for his 7percent share in the company, despite the fact that he was just 27 years old at the time. Later on, he owns Tesla, and also SpaceX, his private space venture. Therefore, it is unknown how much money Musk possesses.

In other news, following Elon Musk’s $44 billion purchase of Twitter, many are wondering if former US President Donald Trump’s and Bollywood actress Kangana Ranaut’s accounts will be reactivated.

Elon Musk buys Twitter: Will former US President Donald Trump and Bollywood actor Kangana Ranaut’s account be restored after Musk hails free speech?

Elon Musk to take full control of Twitter as they reach an agreement, Musk says his critics should remain here for free speech

Cricket news

Video of Bill Gates enjoying Vada Pav with Sachin Tendulkar during Mumbai visit goes viral

Gates, currently touring India, has been making waves with high-profile engagements. Earlier this week, he touched down in New Delhi, where he held discussions with Prime Minister Narendra Modi and several Union ministers.

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Microsoft co-founder and philanthropist Bill Gates delighted his followers by posting an Instagram video featuring Indian cricket icon Sachin Tendulkar, with the playful caption, “A snack break before we get to work.” The brief clip captures the duo relishing Mumbai’s beloved street food, vada pav, whilst perched on a bench, ending with a teasing “Serving soon” message splashed across the screen.

Gates, currently touring India, has been making waves with high-profile engagements. Earlier this week, he touched down in New Delhi, where he held discussions with Prime Minister Narendra Modi and several Union ministers. His itinerary then brought him to Mumbai, where he met Maharashtra Chief Minister Devendra Fadnavis. The tech titan’s visit underscores his ongoing fascination with India’s innovative spirit, a theme he expanded upon in a recent blog post.

https://www.instagram.com/reel/DHbYDGXJnxq/?utm_source=ig_web_button_share_sheet

Writing on his personal site, Gates reflected on the trip’s impact: “I came away with fresh perspectives because India is brimming with clever, driven individuals addressing some of the globe’s toughest challenges in ingenious ways.” His words echo sentiments he shared ahead of the visit, when he praised Odisha’s farmers for leveraging artificial intelligence to boost agricultural outcomes—a story that’s garnered attention for its blend of tradition and technology.

The vada pav moment with Tendulkar, a national treasure, adds a light-hearted touch to Gates’s packed schedule. It’s not just a snack break; it hints at a potential collaboration, though details remain under wraps. For Indian fans, seeing two legends—one from tech, the other from cricket—share a casual bite is a rare treat, blending global influence with local flavour.

As Gates continues his journey, his interactions spotlight India’s dual role as a hub of innovation and a cultural powerhouse. Whether it’s AI-driven farming or a street-side snack with a sporting hero, his visit is proving to be a feast of ideas—and vada pav.

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Manappuram Finance shares hit record high after Bain Capital announces $508 million stake deal

Shares of Manappuram Finance surged to an all-time high after Bain Capital announced plans to acquire an 18% stake in the gold loan provider.

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Manappuram Finance shares rise after Bain Capital deal

India’s gold loan provider Manappuram Finance saw its shares soar to an all-time high on Friday after Bain Capital revealed plans to invest $508 million for an 18% stake in the company. The move, analysts say, brings clarity to Manappuram’s management succession strategy and paves the way for stronger strategic control.

Bain Capital, a U.S.-based private equity firm, will subscribe to Manappuram’s shares and warrants at Rs 236 per share — a 9% premium over Thursday’s closing price of Rs 217.5. Following the transaction, Bain will jointly control the company along with other key stakeholders, referred to as ‘promoters’ under Indian regulations.

As of 12:05 p.m. IST on Friday, Manappuram’s shares surged by as much as 6.3% to Rs 231.08, marking their highest level on record.

Founder to step back as Bain gains influence

Founder and CEO V.P. Nandakumar, who has led the company for nearly four decades, will transition to the role of non-executive chairman once the investment is finalized. With Bain Capital now having rights to influence strategic decisions and appoint key roles including the CEO, analysts at Jefferies and CLSA have responded positively.

CLSA noted that the potential for re-rating of Manappuram’s stock is strong as new leadership takes over. Jefferies and CLSA have both raised their target prices by 14.6% and 20%, respectively, maintaining bullish ratings of “buy” and “outperform.”

Deal to boost gold loan business, offset microfinance losses

The deal is expected to close in the upcoming financial year and is likely to accelerate growth in the company’s gold loan segment, which currently contributes around 75% of its total revenue. With gold prices at historic highs, the demand for gold-backed loans remains robust.

Additionally, analysts expect part of the capital raised through the deal may be used to cushion the losses in Manappuram’s microfinance division. The company confirmed that Asirvad Micro Finance, its microfinance subsidiary, will withdraw its IPO draft filing amid changing market conditions and regulatory scrutiny.

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Alphabet’s $32 billion acquisition of Wiz marks biggest cybersecurity push

Alphabet has announced a $32 billion deal to acquire Wiz, reinforcing its cloud security offerings as it competes with AWS and Microsoft Azure.

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Alphabet to acquire Wiz for $32 billion to boost cloud security

Alphabet, the parent company of Google, has announced its largest acquisition to date with a $32 billion deal to buy cybersecurity startup Wiz. The move signals Alphabet’s aggressive expansion in cloud security as it competes with Amazon Web Services and Microsoft Azure in the cloud computing market.

A strategic investment in cybersecurity

The acquisition will integrate Wiz into Google Cloud, reinforcing its security capabilities to help businesses mitigate cyber risks. The deal, which follows Alphabet’s previously unsuccessful $23 billion bid, underscores the company’s commitment to securing a stronger foothold in the cloud security space.

Wiz, an Israel-based firm, provides security solutions that work across major cloud providers, including Amazon Web Services, Microsoft Azure, and Google Cloud. The company has gained significant traction, boasting clients such as Morgan Stanley, BMW, and LVMH.

Regulatory scrutiny and financial impact

Despite the high price tag, Alphabet appears confident in securing regulatory approval under the new U.S. administration, which has maintained a watchful eye on major tech mergers. Notably, the termination fee—over $3.2 billion—stands among the highest in M&A history, signaling both parties’ commitment to closing the deal.

Alphabet’s stock dipped nearly 3% following the announcement, reflecting investor concerns over its heavy spending, particularly in AI and cloud computing. The company may need external financing, given its cash reserves of approximately $23.47 billion as of December 31, 2024.

Growing importance of cybersecurity

The acquisition highlights the increasing demand for cybersecurity solutions, especially in light of last year’s global CrowdStrike outage that disrupted businesses worldwide. Analysts suggest that for Google Cloud to compete effectively with Microsoft Azure, it must offer a more comprehensive suite of security services.

Alphabet expects the deal to be finalized in 2026, pending regulatory approvals. Meanwhile, Wiz will continue providing its services across multiple cloud platforms, potentially alleviating antitrust concerns.

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