Tesla Stock Drops After Elon Musk Offers to Buy Twitter. This Is Why.

Text size Elon Musk, CEO of Tesla. Suzanne Cordeiro/AFP via Getty Images Tesla CEO Elon Musk offered to buy the social- media platform Twitter on Thursday, sending shares of the car maker lower. Investors might be worried about distraction for Musk as Tesla ramps up production at new plants, but there are other potential concerns … Read more

Netflix Co-CEO Reed Hastings Bought $20 Million of Stock

Text size Netflix co-founder and co-CEO Reed Hastings just made his first purchase of the company’s shares on the open market. Henrik Jonsson/Dreamstime.com Netflix ‘s stock has slumped in 2022, and co-founder and co-CEO Reed Hastings disclosed that he bought $20 million of shares of the streaming giant this past week. Netflix stock (ticker: NFLX) … Read more