Tesla’s Stock Will Split on Aug. 24

Illustration by Elias Stein Text size Tesla has given investors something to look forward to this coming week: a three-for-one stock split. As of the close of trading on Aug. 24, Tesla shareholders will get a “dividend” of two extra shares. The next day, Tesla stock will start trading at the new price—a third of … Read more

Tesla Stock Rises After a Blowout July as Vote on Stock Split Looms

Text size Tesla’s shareholder meeting is on Thursday. Nicolas Asfouri/AFP via Getty Images Tesla stock was climbing Tuesday afternoon as investors await a crucial shareholder meeting later in the week. Although shares in Tesla (ticker: TSLA) were 0.7% lower in premarket trading, by midday they were up 3% at $918.47. Shares are now above their … Read more

Gen Z Uses TikTok Like Google, Upsetting the Old Internet Order

Roughly 40% of young people today use TikTok or Instagram, owned by Facebook parent Meta Platforms Inc., over Google when searching for lunch recommendations, Prabhakar Raghavan, a Google senior vice president, said in an interview with TechCrunch this month. The data come from a survey of U.S. users ages 18 to 24. The search giant, … Read more

Alphabet stock rallies after 20-for-1 stock split takes effect

Shares of Alphabet Inc. GOOGL, +1.28% GOOG, +1.19% rallied in premarket trading Monday, on the first day after the internet search giant’s 20-for-1 stock split took effect. The more active Class A shares were trading up 1.6% at around $113.57, after closing Friday at a split-adjusted $111.78, which represents a pre-split-adjusted price of $2,235.60. The … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more

AI’s Hold Over Humans Is Starting to Get Stronger

(Bloomberg Opinion) — It has been an exasperating week for computer scientists. They’ve been falling over each other to publicly denounce claims from Google engineer Blake Lemoine, chronicled in a Washington Post report, that his employer’s language-predicting system was sentient and deserved all of the rights associated with consciousness.

Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.

Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell/Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in the country. … Read more

Sheryl Sandberg’s Legacy Is an Internet of Targeted, Automated Ads

(Bloomberg Businessweek) — When she announced her resignation as chief operating officer of Meta Platforms Inc. on June 1, Sheryl Sandberg posted an essay celebrating her long partnership with Facebook co-founder Mark Zuckerberg and recounting her achievements there since 2008. She brought up , of course, and the company’s 3 billion users, but barely alluded … Read more

Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers

Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for many bank tellers, factory workers and software programmers. Compensation in 2021 for the median worker at 275 companies in the S&P 500 index was higher … Read more