Nadia Polydorou
July 29, 2022

Meta stock slide after reporting first-ever revenue decline

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Activist Investor Elliott Management acquires 9% stake in Pinterest, stock soars

Activist Investor Elliott Management acquires 9% stake in Pinterest, stock soars

The Wall Street Journal reported Thursday that Elliott Management Corp., known for its activist investments, has taken a major stake in Pinterest Inc., citing people familiar with the matter.

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Walmart backs EV startup Canoo with agreement for electric delivery vans

Walmart backs EV startup Canoo with agreement for electric delivery vans

On Tuesday, Electric vehicle startup Canoo Inc. signed a definitive agreement with Walmart to buy at least 4,500 of its upcoming electric delivery vans, a significant win for the embattled vehicle maker.

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Peloton to stop making bikes itself and instead outsource all manufacturing

Peloton to stop making bikes itself and instead outsource all manufacturing

On Tuesday, Peloton Interactive said it plans to exit all of its in-house manufacturing of its bikes and treadmills and move production to partners as it works to simplify operations and reduce costs.

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Netflix ramps search for ad-support executive ahead of earnings

Netflix ramps search for ad-support executive ahead of earnings

According to a report by Wall Street Journal, the video streaming giant, Netflix Inc., is interviewing candidates to lead its upcoming ad-supported tier of services.

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Twitter  pursues legal action against Musk as he seeks to abandon takeover deal

Twitter pursues legal action against Musk as he seeks to abandon takeover deal

On Friday, the world's wealthiest man Elon Musk, submitted a filing to terminate its $44 billion takeover deal of Twitter Inc., citing continued disagreements over the number of spam accounts on the platform.

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GameStop braces for job cuts while shares surge after stock split

GameStop braces for job cuts while shares surge after stock split

In a bid to turn around a business struggling to shift gaming demands and market uncertainty, GameStop announced its finance chief is leaving the company amid plans for corporate job cuts.

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Rivian finally announces second-quarter production figures, shares climb

Rivian finally announces second-quarter production figures, shares climb

After much-awaited vehicle production and delivery figures, Rivian Automotive said Wednesday it manufactured 4,401 electric vehicles at its Illinois plant in the second quarter.

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