Friday, July 1, 2022

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How Facebook slipped

Facebook growth that had been on a seemingly perpetual upward trend slipped at the end of last year, with the number of people using the social network daily declining.

Zuckerberg loses US$29 billion in a day as Meta shares crash

Meta's stock fell 26%, erasing more than US$200 billion in the biggest ever single-day market value wipeout for a US company.

Pandemic darlings face the boot as investors eye return to normal life

Life is returning to something approaching normality in many countries, leaving companies like Netflix and Peloton struggling to sustain high sales figures.

Did PSC exceed its powers in calling Azam?

Based on its terms of reference, the PSC cannot act in its own capacity except with the reference of the Dewan Rakyat or minister.

Give authorities space to probe Azam’s case, says PM Ismail

He says in the interest of fairness, action should only be taken once the investigation is complete.

NGO activist issued letter of demand as Azam begins legal action

Lalitha Kunaratnam whose articles were carried by Independent News Service says she received the letter of demand to cease and desist earlier today.

Sharing stock accounts against the law, says securities commission

The SC says every securities account opened with a central depository must be in the name of the owner or an authorised nominee.

No conflict of interest in MACC chief’s shares purchase, says advisory board

The Anti-Corruption Advisory Board says the purchase of shares by Azam Baki was made on the open market.

Elon Musk spars with Bernie Sanders, offers to sell more Tesla stock

The billionaire CEO who had already offloaded a combined US$6.9 billion worth of shares in the electric car company as of Nov 12, further wrote, 'Want me to sell more stock, Bernie? Just say the word.'

Elon Musk sells US$5 billion in Tesla shares after Twitter poll

The 4.5 million shares equate to about 3% of his total holdings in the electric vehicle manufacturer, which makes up the vast part of his estimated US$281.6 billion fortune.

Anwar denies financial interests after stock market buzz

He urges investors to 'invest carefully and not to invest on rumours'.

Other News