Elon Musk’s tardy disclosure in early April of his initial 9.1% stake in Twitter is under investigation at the Securities and Exchange Commission, the Wall Street Journal reported on Wednesday. The delay allowed Musk to buy Twitter shares without alerting other investors and likely raising the cost for himself. Investors must publicly disclose their stakes in companies once they own 5% of the...
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Let The Mixed-Reality Headset Games Begin
You don’t need special glasses to see why Meta Platforms announced its latest mixed-reality headset, the Quest 3, on Thursday, just days before Apple is expected to unveil its own entry to the field. CEO Mark Zuckerberg has literally bet the company, and its name, on the metaverse, but the results so far have been disappointing. It’s been almost a decade since Meta, née Facebook, stepped...
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In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.