Nelson Peltz is dropping his proxy battle for a seat on Disney’s board, he told CNBC , ending the contest just a month after starting it. Peltz’s move follows an 18% rise in Disney’s stock price since he launched the contest. Disney’s stock has jumped as CEO Bob Iger has outlined his plans to revive the entertainment giant, which has been hurt by heavy losses on its streaming expansion and...
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Let’s Talk About Jack Dorsey
Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short seller Hindenburg Research sent Block’s stock down 15% with a report saying the payments company, formerly known as Square, had been inflating its user metrics by serving criminals with shady “Wild West compliance.”You can...
U.S. Prosecutors Charge Do Kwon with Fraud after Arrest in Montenegro
Mysten Labs to Buy Back Investment From FTX for $96 Million
Slack’s Sales Chief Departing Salesforce Next Month
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