Vivek Ramaswamy purchases minority stake in BuzzFeed

Former Republican presidential candidate Vivek Ramaswamy purchases minority stake in BuzzFeed, aiming to address undervaluation and speak with company's board and management. BuzzFeed struggles with sales post-IPO, announces layoffs and shutdown of news division.

BuzzFeed's Stock Soaring After Vivek Ramasamy's Stake Acquisition

BuzzFeed's stock soared after Vivek Ramasamy acquired a 7.7% stake in the company and announced plans to adjust the firm's strategy, believing the securities are undervalued.

Disney Stock and Streaming Struggles

Rohan Reddy of Global X ETFs warns against buying Disney stock due to struggles with streaming. Despite financial improvements, the stock still dropped 10%. Disney's traditional TV business is declining, and the company is transitioning to a streaming-focused model.

Apple's Decline in iPhone Sales and Future Plans

Apple reports a 10% drop in year-over-year iPhone sales for the January-March period, resulting in a 4% decrease in revenue. Despite the decline, Apple's profit slightly exceeded analyst projections. The company plans to increase its quarterly dividend and buy back $110 billion in stock. Apple's shares rose 7% in extended trading. The company is expected to unveil more AI services in June to differentiate itself in the industry.

Tesla Inc. Chaos Under Elon Musk

Tesla Inc. is facing chaos and uncertainty under CEO Elon Musk, with stock falling, layoffs, strategic shifts towards robotaxis, and concerns about the company's future direction.

Trump Media Stock Plunge and Financial Details

Shares of Trump Media plunged more than 15% after the company filed to issue millions of additional shares of stock. Trump Media's share price has fallen over 62% since going public. Company predicts to receive $247.1 million from exercising warrants. Trump owns nearly 60% of the company's shares, currently worth over $2.2 billion. Trump encouraged followers to switch to Truth Social, which has not publicly disclosed user numbers, but reported a net loss of $58.2 million on revenue of $4.1 million in 2023.

Tesla's Stock Predictions

Hedge fund manager predicts Tesla could 'go bust' and stock could fall to $14 due to demand problems and outdated models, leading to negative outlook from various analysts.

Tesla Inc.'s Stock Plunge

Tesla Inc. faces a critical level as its stock price plunges due to disastrous sales report. Technical analysts are watching the key $150 level to gauge support. Short interest in shares is at a year-high level. Concerns about EV demand and growth projections are impacting the stock.

Elon Musk's Business Ventures in China

Elon Musk initially had success setting up Tesla's factory in China, gaining policy changes and financial benefits. However, Tesla is now facing competition from Chinese EV makers, becoming vulnerable. Musk's reliance on the Shanghai factory may give China leverage over him, impacting his personal fortune tied to Tesla stock.

Boeing Management Shake-up

Boeing CEO Dave Calhoun and chairman Larry Kellner are stepping down in a management shake-up. Stan Deal, president of Boeing Commercial Airplanes, is leaving immediately. The changes come amidst increased scrutiny over quality and manufacturing flaws on Boeing planes.

Tesla Stock Downgrade by Wells Fargo Analyst

Tesla stock hits 10-month low as Wells Fargo analyst downgrades it due to flat business in EU and China, and declining U.S. business. Despite recent underperformance, Wedbush analyst believes negative sentiment is exaggerated and predicts sales and profitability improvement in coming quarters.

Challenges Facing Tesla Inc.

Tesla Inc. is facing challenges with zero growth in sales volumes predicted for this year, and a drop in volumes expected by 2025. The stock has fallen 32% this year and has lost its high valuation due to slowing revenue and profit growth.

Tesla Inc. stock price and market performance

Tesla Inc. shares are heading for their lowest in nearly a year after a known Tesla bull cut his price target on the stock and warned of potential losses based on GAAP accounting. EV demand is slowing despite price cuts and competition from hybrids.

CEOs Selling Stock as Market Reaches Record Highs

CEOs like Jamie Dimon, Mark Zuckerberg, and Jeff Bezos have been selling a lot of stock recently as the market reaches record highs. Diversifying wealth out of a single stock is recommended, even for billionaires.