I recently asked a prominent activist investor — someone who regularly demands from the public companies he targets various forms of boardroom change — what he would demand from a financially troubled radio network that needs to broaden its audience and make more money. His answer: He would issue an ultimatum that the CEO and … Read more
Shares of Trump Media & Technology Group — the former and possibly future president’s eponymous social-media company — have lost around half their value since going public last month. It’s easy to see why: Massive operating losses — and let’s face it, aside from Trump himself, just who really uses its Truth Social social-media product? … Read more
Billionaire Elon Musk and Argentina’s libertarian President Javier Milei promised to work together to promote free-market solutions after the two men met in Texas, the president’s spokesman said Friday. Argentina’s President Javier Milei and Elon Musk met at Tesla’s factory in Austin, Texas. Argentinian Presidency/AFP via Getty Images Milei also offered his support for the … Read more
Investors close to Elon Musk are in talks to help his artificial-intelligence startup xAI raise $3 billion in a round that would value the company at $18 billion, the Wall Street Journal reported on Friday. Venture capital firm Gigafund and Steve Jurvetson are among the backers considering investing in the round, the report said, citing … Read more
