Texas House Poised To Impeach Attorney General
Texas Attorney General Ken Paxton was on the verge of impeachment on Thursday, following years of controversy, criminal charges, and corruption allegations that the state’s Republican majority has mostly ignored until now. A Republican-led House investigative committee that spent months discreetly investigating Paxton recommended impeaching him on 20 articles, including bribery, unfitness for office, and […]
Too Game-Changing? Finnish Nuclear Plant Limits Output As Electricity Becomes Too Cheap
The newly-operational Olkiluoto 3 (OL3) nuclear power plant in Finland has been forced to throttle production as the price of electricity has plunged. The plant’s operator, Teollisuuden Voima (TVO), said last week that it had reduced production by 20% in order to avoid selling electricity at a loss, according to a report from Finnish news […]
Teslagate: 100GB Tesla Files Leaked To Media By Disgruntled Ex-Employee, Showed Thousands Of Autopilot Complaints
Struggling with Autopilot, employees’ and customers’ private information, and trade secrets–these are some of the details found in the leaked data out of Tesla (Nasdaq: TSLA), jeopardizing the company’s standing. A former Tesla employee allegedly stole approximately 100 GB of data from the firm and gave it to German media outlet Handelsblatt, which is now […]
Shopify CEO Collects $20 Million In Compensation Despite Job Cuts
Despite multiple rounds of layoffs over the last year, management compensation at Shopify (TSX: SHOP) appears to have been largely unaffected. In a regulatory filing made early this morning, Shopify revealed that CEO Tobias Lutke collected just over $20.0 million in total compensation in 2022, on par with the $20.0 million he collected in 2021, […]
SEC Sues Another Zack Morris Cohort For Stock Manipulation Scheme Worth Over $1 Million
Francis Sabo, known as Ricky Bobby in the fintwit world, was sued by the Securities and Exchange Commission for securities fraud. The case is related to the current case the regulatory agency has against Zack Morris and his so-called Goblin Gang for stock manipulation scheme, with the group also referred to as Atlas Trading. “Francis […]
Odd Burger Walks From Proposed Acquisition Of Zoglo’s
It’s been a month since the initial announcement, and it seems that Odd Burger Corp (TSXV: ODD) has already fallen out of love with the idea of acquiring Zoglo’s Food Corp (CSE: ZOG), a plant-based food manufacturer. The company announced this morning that it has elected to not proceed with the proposed acquisition. The vegan […]
Tilray Sinks 22% In Pre-Market Trading After Lending Shares To Shorts For Note Offering
Tilray Brands (NASDAQ: TLRY) is currently down nearly 23% in pre-market trading follow the after-hours announcement that it would be raising funds via unsecured convertible notes. The offering, which will see gross proceeds of $150 million, plus a $22.5 million over-allotment option, consists of 5.20% convertible senior notes, which are due June 15, 2027. The […]
Sigma Lithium Announces First Shipment Of Tailings And Green Lithium
Sigma Lithium (TSXV: SGML) is reporting this morning that it has managed to deliver on its zero tailings strategy amid production start up at its Grota do Cirilo Project in Brazil. The strategy, as the name implies, centers around the company producing no waste material from the production of lithium carbonate, eliminating the need for […]
FDA Gives Elon Musk’s Neuralink Approval To Test On Human Brains While Animal Harm Reports Still Loom
Elon Musk’s brain-implant firm Neuralink announced that the Food and Drug Administration (FDA) has approved its first-in-human clinical trial, a significant step after previous difficulties in obtaining approval. The FDA approval “represents an important first step that will one day allow our technology to help many people,” according to a tweet from Neuralink. It did […]
“The Devil Is Gay?” And Other Petty Things In Trump’s Fake DeSantis Twitter Space
Blame social media or the current presidential frontrunners in the 2024 US elections but the level of pettiness has gone to a new level within the Republican primaries. In an unorthodox fusion of politics and technology, Florida Governor Ron DeSantis announced his run for president during a Twitter Spaces event alongside CEO Elon Musk, with […]