top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

5 May 2022

Elon Musk Acquires $7.1 Billion in New Funding for Twitter

The index Today

On Thursday, Twitter Inc. revealed through a filing that Elon Musk has obtained nearly $7.1 billion in funding in furthering his $44 billion acquisition of the social media company.

As per Bloomberg News, primary investors mentioned in the filing include Binance, Brookfield, Qatar Holding, Lawrence J. Ellison Revocable Trust, and Fidelity Management & Research. Twitter’s shares also climbed during pre-market trading.

This comes after the Tesla CEO consented to purchase the social media giant for nearly $44 billion on April 25, in a move that set Tesla investors on the edge. Musk sold over $8.5 billion worth of Tesla shares to finance his takeover of Twitter, reported Bloomberg News.

Clay pottery with table linens
bottom of page