Fortune (May 31)
Wall Street is awash in rumors that following the mid-June IPO of SpaceX, it will merge with Tesla. “While the $3.4 trillion valuation is breathtakingly big, the combined profits generated by the two potential partners wouldn’t even qualify as shockingly small––based on recent results, they’d be negative.” If Elon Musk succeeds in this merger “he’ll create a $3.4 trillion behemoth—with zero profits.”
Tags: $3.4 trillion, Behemoth, Breathtaking, Combined profits, IPO, Merger, Mid-June, Musk, Rumors, SpaceX, Tesla, Valuation, Wall Street, Zero profits
LA Times (May 28)
“Trump hasn’t been a victim of bias” as he made out while trying “to take a big, dumb bite out of the Twitter hand that feeds him.” In fact, “he’s been the prime beneficiary of the platforms’ lax and inconsistent enforcement of their terms of service. It’s richly ironic that the president would want to remove liability protections for the platforms that broadcast the damaging rumors and wild conspiracy theories he spreads about his rivals.”
Tags: Beneficiary, Bias, Conspiracy theories, Damaging, Dumb, Enforcement, Inconsistent, Ironic, Lax, Liability, Rivals, Rumors, Trump, Twitter, Victim
