Shares of New Zealand’s a2 Milk Co. Ltd jumped more than 12 percent before trading in the stock was halted, after local media reported that the dairy company was close to winning an approval to sell baby formula in the United States. A2 dismissed the report. The company had in May confirmed an application to…
Elon Musk on Tesla’s Long-Term Growth, Why It Hasn’t Even Reached 0.1 Percent of Future Potential
Tesla, Inc. is now seen as more than a car company, given its foray into energy, AI, and robotics. What Happened CEO Elon Musk reiterated over the weekend that the company’s long-term potential is high. His comments came in response to a valuation framework for Tesla’s shares discussed by Tesla influence and YouTuber Steven Mark Ryan, who…
Forecasters Weigh in on Tech’s Future as Meta and Other Stocks Tumble
From January 2021 to early 2022, big names in tech took a deep dive, with companies like Facebook/Meta, Netflix, Shopify, PayPal, Zoom, and Square leading the plunge. These companies have lost more than $1.1 trillion in market capitalization from their peaks during 2021, per analysis by A Wealth of Common Sense, a blog written by…
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