"I’m not sure that I would see it as an undermining of the rule of the crown prince. It’s much more likely ensuring that he doesn’t go off the deep end."
"Our interpretation of subsequent events leads us to believe that funding was not secured for a going private transaction, nor was there any formal proposal."
“The long term trend is way up, but I expect many short-term swings in the market along the way. Fundamentally, the world needs Bitcoin, and that demand will only increase in the coming years..."
Amid fears of emerging market contagion, Chinese tech giant Tencent stunned traders this morning with abysmal earnings and, worse, the company's first profit drop in a decade.
Just one day after Reuters reported that the Saudi sovereign wealth fund has shown no interest in financing Elon Musk’s proposed $72 billion deal to take Tesla private, Bloomberg is out with a full refutation, reporting that the Saudis are in fact in talks to invest in said deal.
Saudi Arabia’s financially strapped Sovereign Wealth Fund has shown no interest so far in financing Elon Musk’s proposed $72 billion deal to take Tesla private, Reuters reports.
