Article: Is Elon Musk’s Toxic Reign Coming to an End?

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Is Elon Musk’s Toxic Reign Coming to an End?

Tim Fries, 10 July 2021

Afew years ago, no one would have expected for one man to introduce so much volatility into the crypto space. Elon Musk filled that ignoble role, but everything has its expiry date.

What Did Elon Musk Do to Deserve 58 Million Followers?
Elon Musk got his first major financial breakthrough when he sold his Zip2 company to Compaq in 1999 for $307 million. Three years later, as a co-founder of PayPal, he sold it to eBay for $1.5 billion. Established business pedigree and these two financial injections were sufficient for him to focus on more concrete projects: Continue reading “Article: Is Elon Musk’s Toxic Reign Coming to an End?”

Article: Investors accuse Elon Musk of market manipulation, launches a new meme cryptocurrency – $STOPELON

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Investors accuse Elon Musk of market manipulation, launches a new meme cryptocurrency – $STOPELON

Afroz Ahmad, 25 May 2021

On his social media pages, billionaire Elon Musk has repeatedly endorsed cryptocurrencies. However, he seems divided regarding whether he is actually a supporter, especially after the recent market crash.

Many have appreciated his support for digital assets like Dogecoin and bitcoin. On the other hand, many people have accused him of manipulating the crypto market using his position and his huge following. Some crypto enthusiasts want Elon to stop tweeting about the subject, and focus more on building cars instead. As they are running a somewhat campaign against the CEO of Tesla. Continue reading “Article: Investors accuse Elon Musk of market manipulation, launches a new meme cryptocurrency – $STOPELON”

Article: Meet The Tiny California Town “Full Of Dirt” That Snagged Elon Musk’s Boring Company

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Meet The Tiny California Town “Full Of Dirt” That Snagged Elon Musk’s Boring Company

TYLER DURDEN, 20 April 2021

Elon Musk is taking his Boring Company circus on the road to Adelanto, California.

Adelanto is a town of 37,000 where the mayor, Gabriel Reyes, works part time and the city manager, Jessie Flores, is the full time chief executive of the city, according to a recent Bloomberg report.

The county supervisor mentioned to Flores recently that Musk’s Boring Company was looking for a place to practice digging tunnels, so Flores reached out. “Steve, we’re the ones you’re looking for. When can we meet?,” Flores texted Boring’s President Steve Davis. Flores suggested meeting at SpaceX’s headquarters, which was about 2 hours away from Adelanto. Continue reading “Article: Meet The Tiny California Town “Full Of Dirt” That Snagged Elon Musk’s Boring Company”

Article: Robinhood Faces 458% Spike in Crypto Customers–Massive Increase from 1.7 Million to 9.5 Million in Q1 of 2021

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Robinhood Faces 458% Spike in Crypto Customers–Massive Increase from 1.7 Million to 9.5 Million in Q1 of 2021

Joen Coronel, 09 April 2021

On Thursday, Apr. 8, Robinhood announced a staggering surge in the number of its customers who engage in cryptocurrency trading. The financial services company which was founded on Apr. 18, 2013, has recorded that 9.5 million people have used the platform during the first quarter of this year.

The said number shoots up to a stupendous 458% increase in users, which only accounts for 1.7 million in 2020’s Q4.

How Robinhood Sudden Became Popular in Crypto Trading Continue reading “Article: Robinhood Faces 458% Spike in Crypto Customers–Massive Increase from 1.7 Million to 9.5 Million in Q1 of 2021”

Article: GameStop stock surge lingo: Here’s what Reddit’s WallStreetBets vocabulary means

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GameStop stock surge lingo: Here’s what Reddit’s WallStreetBets vocabulary means

Katie Conner, 19 March 2021

Reddit’s community, WallStreetBets, is still assisting in the rise of GameStop’s stock, which is currently sitting at $272 per share and even hit an all-time high last week. Reddit users are battling it out with Wall Street to keep GameStop’s stock prices soaring while Wall Street expected a crash. Small investors are using Reddit communities to drive “meme stocks,” causing short sales and https://www.investopedia.com/terms/s/shortsqueeze.asp. And it’s not just GameStop. Other companies, like AMC and Nokia, have also been affected by the coordinated surge.

No, this doesn’t mean you should necessarily drop everything and fully invest in the stock of the moment. Some are calling the market manipulation a “Ponzi scheme,” and the stock price will likely even out once the hullabaloo dies down.

In fact, broker TD Ameritrade restricted trading of the GameStop and AMC stocks on Jan. 26 and continues to post an advisory note to clients about market volatility. Trading app Robinhood followed suit on Jan. 27 in response to the runaway growth — the company got itself into trouble by restricting stock trades and will be closely reviewed by the SEC (It’s currently limiting buys on AMC and GameStop stocks). The White House has said it’s monitoring the situation.

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Article: The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority

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The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority

Ben Constanty, 25 February 2021

The odds are good that you have been impacted by the network effect, or when a product increases in value when more individuals begin adopting and using said product. A few examples include the telephone and the internet.

Company CEOs such as Elon Musk have recently expedited this process by using their personal brands to create a massive network effect in different industries. To get a better understanding, we need to dive in further. Continue reading “Article: The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority”