

Did we learn anything from the Elon-Twitter brouhaha?
Apr 11, 2022
Stocks are struggling, with crypto taking an even bigger hit. Elon Musk's brief dance with Twitter governance ends in mystery, raising questions about the platform's future. Shopify is altering its stock structure, while India faces a crypto crisis due to new taxes, leaving Coinbase in a lurch. SailPoint's $6.9 billion move to go private highlights resilience in tough times. Not to mention, NIO's production is stalled by COVID, indicating ongoing supply chain woes. It’s a whirlwind week in tech and finance!
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Musk's Twitter Saga
- Elon Musk's Twitter board seat offer was rescinded after he declined the background check.
- This highlights Twitter's vulnerability to external influence and Musk's ability to manipulate markets.
Shopify's Stock Split and Governance Changes
- Shopify will enact a 10-for-1 stock split, making shares more accessible.
- They are also restructuring governance, giving founder Tobi Lutke more voting power via a new "founder share" class.
India's Crypto Crackdown Impacts Exchanges
- India's 30% crypto tax caused trading volumes to plummet on major exchanges.
- Coinbase also suspended UPI payments in India, impacting its functionality.