Essential links for October 17: Elon Musk's big stock plans; Facebook video ads in question; A downgrade for Netflix?
Wednesday, 17 October 2018 A quick rundown of some of the news affecting Silicon Valley companies and executives on Wednesday, Oct. 17. ELON MUSK TO BUY $20 MILLION IN TESLA STOCK: Right after formally agreeing to a settlement with the SEC that requires him to pay a $20 million fine, the Tesla CEO intends to spend the same amount on a stock purchase. Also, Tesla's stock jumped 6.5 percent after the settlement was approved Tuesday. (Business Insider) ADVERTISERS ACCUSE FACEBOOK OF WITHHOLDING KEY INFO: As part of a two-year-old…
According to ComicBook.com, Netflix announced that it will raise the cost of the streaming service across several plans, and the market is rising because of it. So far Netflix's stock has risen by 6%..
SpaceX, the rocket company owned by Elon Musk, will lay off about 10% of its employees, the Los Angeles Times reported on Friday citing an unnamed source. The company has more than 6,000 employees and..
Be patient. Or so says Bob Lang, a contributor for TheStreet's sister site, Real Money. Lang talked to TheStreet about all things Roku and why investors need to bide their time with this company. "So..
Elon Musk has shared an illustration and a photograph of a SpaceX steel rocket ship with a mirror-like finish.
Business Insider shares that Musk revealed on Thursday night that SpaceX plans to build a..