Dogecoin Goes Up 8% After Elon Musk Says He’ll Keep Buying
Everyone already knows that when Elon Musk, who was once called the “Dogefather,” says anything about Dogecoin, the markets move. This time around, though, in a world where Bitcoin and Ethereum are both down 30% (with Bitcoin hitting lows on levels not seen since as far back as 2017), with the crypto market cap slashed […]
Three Arrows Capital Explores Asset Sales, Possible Bailout Amid Potential Insolvency
Kyle Davies, co-founder of cryptocurrency-focused hedge fund Three Arrows Capital (or 3AC), has broken the firm’s silence on its alleged liquidation and potential insolvency through an interview with the Wall Street Journal on Friday. Before this, the closest the firm had to a statement was a cryptic tweet posted by co-founder Zhu Su. According Davies, […]
Snapchat Plans To Add A “Plus” Subscription Service Amid Below Guidance Outlook
Weeks after Snap Inc. (NYSE: SNAP) announced its expected revenue and adjusted EBITDA guidance miss, it is reportedly in the works to develop a premium subscription service for its flagship app. Called Snapchat Plus, the paid service gives users access to early features and exclusive capabilities–much like Twitter’s Blue service. “We’re doing early internal testing […]
Musk Vs. Woke: Tesla Sacks LGBTQ+, Diversity Employee Leads
Both of Tesla’s (Nasdaq: TSLA) volunteer heads for its LGBTQ+ employee community, and diversity and inclusivity programs have been laid off by the company. According to an Electrek report, the firm’s volunteer president of LGBTQ+ community Bobby Berretta-Paris was laid off last week while software engineer Brittany Gibbons was also let go. Gibbons doubles as […]
The Future Of Copper, With John Timmons – The Daily Dive
Today on The Daily Dive, it’s all about copper. John Timmons, President & CEO of Stone Gold (TSXV: STG), joins us to provide his thoughts on copper’s future in renewable energy, as well as the supply and demand outlook for the next few years. From there, he’ll take us through Stone Gold’s projects, current exploration, […]
Looks Like Trump Might Have Been Right About TikTok All Along
Leaked audio recordings from over 80 internal TikTok meetings show that China-based employees of ByteDance, the video platform’s parent company, repeatedly accessed nonpublic data from users in the United States. In 2020, former President Donald Trump threatened to ban the app in the country for this very reason. According to the recordings, which were reviewed […]
Brace Yourself: Russia Limits Kazakhstan Oil Shipments To Europe
While oil prices are already at highs, it seems the potential hikes are far from over. Russia has just applied a stricter chokehold on its Novorossiysk port, where Kazakhstan ships its oil exports to its European clients. On paper, Moscow’s move follows after it discovered that the route hosts World War II torpedoes and mines, […]
Selling Freedom Mobile “Not An Effective Remedy” To Rogers-Shaw Merger Woes, Says Competition Bureau
Divesting Shaw Communications Inc.’s Freedom Mobile might not be enough to alleviate the Commissioner of Competition’s worries about the pending merger with Rogers Communications (TSX: RCI.B). Shaw recently announced the plan to sell Freedom Mobile to Quebecor Inc. for $2.85 billion. This follows the competition issues raised regarding the controversial $26-billion deal. Freedom is a […]
Kore Mining Cuts Management To Reduce Costs, Focus Funds On Drilling
At least one junior mining firm is restructuring its management team in light of the ongoing weakness in capital markets. Kore Mining (TSXV: KORE) on Friday indicated it is looking to conserve capital by reducing its management team. The company will see the firms CEO, Scott Trebilcock, step down from his management role with the […]
Denarius Metals Moves To Focus On Resource Expansion Under Drill Program
Drilling at its flagship asset, the Lomero-Poyatos Project, has transitioned to a new stage for Denarius Metals (TSXV: DSLV). With in-fill drilling now complete, the company is set to focus on resource expansion for the remainder of its drill program. The program as a whole is now over 81% complete, with 75 drill holes having […]