Zuck Sells Close to $200 Million More of Meta Shares This Week
Meta Platforms (Nasdaq: META) CEO Mark Zuckerberg has not stopped unloading shares of the social media giant. In the last week alone, he has sold about $195 million worth of stock at an average of around $497.53 per share. Zuck has sold about 418,129 shares of the company since February for a whopping $1,187,958,324. As […]
Federal Government Loans $1.5 Billion to Revive Palisades Nuclear Plant
The US Department of Energy is providing a $1.5 billion loan to help restart the idled Palisades Nuclear Plant in Southwest Michigan. The loan to plant owner Holtec International, announced Wednesday by Energy Secretary Jennifer Granholm, aims to bring hundreds of high-paying jobs back to the region while advancing climate goals with carbon-free nuclear power. […]
Sex Trafficking, Minors, Drugs: Combing Through The Lawsuit Against Sean “Diddy” Combs
Sean “Diddy” Combs, the renowned rapper and music mogul, finds himself entangled in a series of civil lawsuits accusing him of grave allegations including sex trafficking, sexual abuse, and rape. Formerly known as Puff Daddy and P. Diddy among other monikers, Combs, 54, has undergone numerous reinventions over the years. However, the recent turn of […]
Take-Two Interactive Acquires Gearbox Entertainment for $460 Million
Take-Two Interactive Software (NASDAQ: TTWO) has announced a definitive agreement to acquire The Gearbox Entertainment Company from Embracer Group for a sum of $460 million. The deal, expected to close in the first quarter of Take-Two’s fiscal year 2025, pending regulatory approvals, signals a significant expansion for the gaming giant. The acquisition will see Take-Two […]
Drone Attacks Force Russia to Import Five Times More Gasoline from Belarus
Russia has dramatically increased its imports of gasoline from Belarus in March, according to industry and trade sources as reported by Reuters. This move aims to address the risk of fuel shortages in the Russian domestic market caused by unscheduled repairs at several Russian refineries following drone attacks. Russia has historically played the role of […]
Sam Bankman-Fried Sentenced To 25 Years For Multi-Billion FTX Fraud
Sam Bankman-Fried, the founder of the failed FTX crypto exchange, has finally been sentenced for the massive multi billion dollar fraud committed. Bankman-Fried, or SBF as he is frequently referred to, has been sentenced to 240 months in prison, which is to be followed by a consecutive 60 months for a total of 300 months […]
What Will Trudeau’s Renters’ Bill of Rights Do To Your Credit Score?
Prime Minister Justin Trudeau recently unveiled plans for a groundbreaking “Canadian Renters’ Bill of Rights” during an announcement in Vancouver on Wednesday. The proposed bill encompasses several key provisions supposedly designed to empower renters and enhance transparency in the rental market. Among its highlights are mandates requiring landlords to disclose rental price histories of their […]
Ontario School Boards Sue Social Media Platforms For “Rewiring” Kids, Ask For $4 Billion In Claims
Four major school boards in Ontario have initiated legal action against tech giants Meta Platforms (NASDAQ: META), Snap (NASDAQ: SNAP), and TikTok’s parent firm ByteDance for having “rewired the way children think, behave, and learn, leaving educators and schools to manage the fallout.” The Toronto District School Board, Peel District School Board, Toronto Catholic District […]
Reddit CEO Has Already Sold Nearly Half His Shares Less Than A Week Into IPO Debut
Barely a week into going public, Steve Huffman, the Chief Executive Officer and President of Reddit, Inc. (Nasdaq: RDDT), has already sold 500,000 shares of the company’s Class A Common Stock. According to a regulatory filing with the Securities and Exchange Commission, the sale took place on March 25th, 2024. The shares were offloaded at […]
Akanda Jumps 77% In Pre-Market Trading On Bitcoin, AI Cannabis Pivot
Akanda Corp (NASDAQ: AKAN) is apparently looking to grab some of the ongoing hype surrounding AI, bitcoin, and cryptocurrencies, announcing this morning that it has a strategic plan to “evaluate and enter bitcoin, blockchain, AI segments of the cannabis markets.” Akanda’s current exposure to the cannabis market amounts to owning Canmart in the UK, which […]