Posts in tag

payout


(Bloomberg) — Tesla Inc.’s market value briefly crept above $100 billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months. The electric-car maker’s shares climbed as much as 1.4% in after-hours trading Tuesday after closing the regular session up 7.2%. At …

“As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization,” a WeWork spokesperson said in a statement provided to CNN Business. “The process began weeks ago in regions around the world and continued this …

SoftBank (SFTBF) will pump $5 billion into The We Company and accelerate a $1.5 billion equity investment originally due to the company next year, according to a statement released by the two firms. SoftBank, which is already WeWork’s largest investor, is also offering to buy up to $3 billion worth of stock from existing investors …