BREAKING: Elon Musk has filed a total of six Form 4s with the SEC tonight showing that he sold 7,924,107 $TSLA shares worth about $6.9 Billion.
Weighted average price was $869.09.
The sales took place on August 5th, 8th and 9th.
I've now been asked multiple times for my take on Elon's offer for Twitter.
So fine, this is what I think about that. I will assume the takeover succeeds, and he takes Twitter private. (I have little knowledge/insight into how actual takeover battles work or play out)
(long 🧵)
CHART OF THE DAY: Oil traders continue to pile up their bets on $100-plus Brent crude, with the **open interest** for Dec 2022 call options at $100, $110, $125 and $150 a barrel increasing further and further | #OOTT I wrote about the trend a few days ago: https://t.co/YSDsGDhjzU
Got my 3rd microchip injected into me today🤨
Joking aside..science is the best. Thank you scientists, thank you doctors and health care workers for the incredible work you are doing ❤️
Tom Cruise has attended the Wimbledon singles final (both men's & women's), the Euro 2020 Final with David Beckham, and the British Grand Prix...all within the last week.
What a life.
0/ The @coinbase team announced 1Q21 data including revenue of ~$1.8B, adj EBITDA of $1.1B, NI of $730-$800M, trading volume of $335B & assets on the platform of $223B (11.3% of cryptoasset market) with 56M users
Run-rate of $7.2B in revenue / $4.4B in EBITDA / $3.0B of NI.
1/ Make It Rain: Coinbase Earnings Will Blow You Away
Coinbase is releasing their Q1 earnings tomorrow, before IPOing on the 14th.
Will they blow Q1 expectations out of the water? Why should the broader crypto community care?
A Korean top prop trader Bill Hwang was liquidated of his entire 15B position on over 80B gross notional exposure yesterday ... might be among the biggest liquidation in recent years for a Aisa prop shop
Many of his position are Chinese big tech stock like TME, BIDU, VIPS etc
I have no idea whether or not looming TV channels from Rupert Murdoch & Andrew Neil intend to ape Fox News. But it will be interesting to see how they react to the sudden availability of the highest profile Trump-loving, Meghan-hating, ‘anti-woke’ warrior in the land.
We’re delighted to add Mark Carney to Stripe’s board: https://t.co/ad8xpUaYo0.
Mark has served as Governor of both the Bank of England *and* Bank of Canada. He’s also the current UN Special Envoy for Climate Action.
We’re looking forward to building the Stripe of 2030 with him.