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Exclusive: Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming – TalkOfNews.com

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Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming

#Elon #Musk #plans #sells #billion #Tesla #shares #Twitter #trial #looming

With so much of the world’s richest man’s wealth tied up in shares of his electric car company, Tesla is a part of the deal Elon doesn’t want to do anymore for more reasons than just a few subpoenas. Six SEC filings (1, 2, 3, 4, 5, 6) revealed Elon Musk sold more Tesla shares over the last few days, which is surprising given Musk’s tweet saying, “No further TSLA sales planned after today,” after he sold off $8.4 billion worth in April.

Tesla investor Sawyer Merritt tweeted a count of Musk’s activity between August 5th and August 9th, showing he sold 7,924,107 shares worth about $6.9 billion. Just before 11PM ET, Elon responded on Twitter, citing the looming trial against Twitter as an explanation for the new plan.

Musk sold those shares earlier this year to help finance the acquisition of Twitter, and now that he’s trying to exit the arrangement, they’re going to battle it out in a Delaware courtroom starting on October 17th. Twitter CEO Parag Agrawal isn’t taking the bait on Elon’s challenge for a public debate, plus there’s no word of any pending settlement. Musk now says he has a reason to prepare for “the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through.” If that happens, Musk said, he’s trying to avoid an emergency sale of Tesla stock.

Exactly how investors will react to word that Musk is done selling (again) is unknown; however, the price of Tesla shares stayed flat at around $850 in after-hours trading. Wedbush analyst Dan Ives tweets, “Musk selling TSLA stock after he said no more sales will lead the Street to focus on chances of Twitter deal happening and Musk preparing cash portion … This stock sale will raise a lot of conversation on Street for bulls/bears in the morning.”


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Exclusive: The iPhone 14 Pro’s camera cutout might look a lot like a notch after all – TalkOfNews.com

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Weibo leak of iPhone 14 Pro design and packaging sticker

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Exclusive: Now you can watch Paramount Plus and Showtime in a single app – TalkOfNews.com

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Now you can watch Paramount Plus and Showtime in a single app

#watch #Paramount #Showtime #single #app

You can now access the content packed into Paramount Plus and Showtime from a single app. First bundled as a subscription last September, Paramount and Showtime’s catalogs have been separated between two apps for viewers in the US, but viewers can now access the full roster of TV shows and films from the Paramount Plus app.

For new subscribers, the Paramount Plus and Showtime bundle is available at a discounted rate until October 2nd, at $7.99 per month for the Essential plan (which includes ad breaks) with Showtime and $12.99 per month for the Premium plan with Showtime that adds more sports, live broadcasts of your local CBS station, and downloads for offline viewing on mobile, and mostly removes ads, except on live TV and certain shows. After October 2nd, the regular pricing resumes with the combined Essential tier at $11.99 per month and the Premium plan for $14.99 monthly.

Paramount Plus as a standalone service will continue to be available on two subscription tiers without Showtime: the ad-supported Essential plan ($4.99 per month) and the ad-free Premium tier ($9.99 per month).

“This singular user experience streamlines sign-up and enhances discovery, and this lower price will allow more households to enjoy with exceptional entertainment offering,” Paramount Global Streaming president Tom Ryan said in a press release announcing the new service.

iPhone screen showing the paramount plus app highlighting the showtime series your honor

Paramount Plus and Showtime were previously bundled in two apps under one price.
Image: Paramount
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In case you haven’t been streaming Star Trek and Halo TV shows for the past few years, here’s the rundown on what these apps are. Paramount Plus is the rebranded version of CBS All Access. Its parent company, ViacomCBS, rebranded to Paramount earlier this year to further focus its attention on streaming. In May, Paramount Plus reported that its subscriber count grew to almost 40 million during its first quarter, and in June, Paramount Plus said it planned “to commission” 150 international original series, adding more to its current roster.

Laptop screen with Paramount Plus on the screen highlighting the Showtime series Billions

The service will be available at a lower price until October 2nd.
Image: Paramount

In mid-August, the streaming service partnered with Walmart to bundle its service with Walmart Plus, and it has been included in other packages like this one with T-Mobile’s wireless service. These bundles don’t cost quite as much as cable once did, but pulling the offerings closer together is similar to Disney’s approach with the combination of Disney Plus, Hulu, and ESPN Plus, while HBO Max will be absorbed into a new combo app with Discovery Plus in 2023. Netflix, meanwhile, is going it alone but has plans to roll out an ad-supported streaming package, and has started to offer games as an added feature for your subscription fee.

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Exclusive: Who Should Be the Next James Bond? io9 Picks – TalkOfNews.com

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Who Should Be the Next James Bond? io9 Picks

#James #Bond #io9 #Picks

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