Jamie78
commented on
Nov 15 $JPMorgan (JPM.US)$ has sued $Tesla (TSLA.US)$ for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank.
Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Musk's Aug 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and his subsequent announcement 17 days later that he was abandoning the plan, created significant volatility in the share price, the bank said.
On both occasions, JPMorgan adjusted the strike price "to maintain the same fair market value" as prior to the tweets.
Tesla's share price rose approximately 10-fold by the time the warrants expired this year, and JPMorgan said this required Tesla under its contract to hand over shares of its stock or cash. The bank said Tesla's failure to do that amounted to a default.
Any thoughts? Or maybe someone can explain what's going on in the case?
Source:
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal
Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Musk's Aug 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and his subsequent announcement 17 days later that he was abandoning the plan, created significant volatility in the share price, the bank said.
On both occasions, JPMorgan adjusted the strike price "to maintain the same fair market value" as prior to the tweets.
Tesla's share price rose approximately 10-fold by the time the warrants expired this year, and JPMorgan said this required Tesla under its contract to hand over shares of its stock or cash. The bank said Tesla's failure to do that amounted to a default.
Any thoughts? Or maybe someone can explain what's going on in the case?
Source:
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal
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Jamie78
reacted to
A video published yesterday by Inspired by Iceland, a marketing campaign for Icelandic tourism, takes aim at a Mark Zuckerberg video released in October announcing Facebook's name change to Meta. In it, Zuckerberg hypes the so-called "metaverse," a virtual world that "will be the successor to the mobile internet." ![]()
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If the goal was to get people talking about Iceland, a new tourism video is more than succeeding.![]()
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The metaverse's defining quality, said Zuckerberg, is "the feeling of presence … like you're there with other people."![]()
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The video extolls Iceland's "completely immersive" experiences, such as its real rocks, real humans and "skies you can see with your eyeballs."![]()
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Reactions to the video were overwhelmingly positive, with people praising the "Olympic-level trolling" by Iceland officials, and many expressing a desire to visit.
Mooers, would you like to visit Iceland after watching this video?![]()
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If the goal was to get people talking about Iceland, a new tourism video is more than succeeding.
The metaverse's defining quality, said Zuckerberg, is "the feeling of presence … like you're there with other people."
The video extolls Iceland's "completely immersive" experiences, such as its real rocks, real humans and "skies you can see with your eyeballs."
Reactions to the video were overwhelmingly positive, with people praising the "Olympic-level trolling" by Iceland officials, and many expressing a desire to visit.
Mooers, would you like to visit Iceland after watching this video?
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Jamie78
liked
According to Wikipedia, frequency illusion is a cognitive bias in which, after noticing something for the first time, there is a tendency to notice it more often, leading someone to believe that it has a high frequency of occurrence.
Some mooers must be indulging in the stock market that they see market-related things everywhere. It isn't a bad thing actually. Imagination is like your superpower. Just make sure you get enough rest when stock markets are closed okay?
Here come some examples of frequency illusion:
@Deezy_McCheezy: $Palantir (PLTR.US)$ It shows us nothing more or less than the deepest, most desperate desire of our hearts
@Singh Rahul: $Palantir (PLTR.US)$ LOL
@mooster Han: $Tesla (TSLA.US)$ strong
@Laughing Dollars: $Palantir (PLTR.US)$ When u r holding 30x 28 calls expiring this Friday...
@Felix py: $AMC Entertainment (AMC.US)$ strong hold!
@BadPaint: $SNDL Inc (SNDL.US)$
@Questionable Invts: $AMC Entertainment (AMC.US)$ Gotta Stop Double Dipping. If you want price rocket.
@deluxe bean: $AMC Entertainment (AMC.US)$ stock right now...
@Marval: shorts will go hungry for tendies
@LaPlasita: To Infinity And Beyond!
According to the definiton of frequency illution, it's easier to discover sense of humor and happiness in life if you always wear a smile right? Remember to stay happy when investing!
This week, we'd like to invite you to comment below and tell about where/what in your everyday life do you associate invest with?
We will select 20 TOP COMMENTS by next Monday.
Winners will get 88 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
You may post:
● A related meme in gif or jpeg
● A photo you took
● Other creative ways to show your sense of humor
That's all for this episode! See ya next week! peace!![]()
![]()
![]()
Some mooers must be indulging in the stock market that they see market-related things everywhere. It isn't a bad thing actually. Imagination is like your superpower. Just make sure you get enough rest when stock markets are closed okay?
Here come some examples of frequency illusion:
@Deezy_McCheezy: $Palantir (PLTR.US)$ It shows us nothing more or less than the deepest, most desperate desire of our hearts
@Singh Rahul: $Palantir (PLTR.US)$ LOL
@mooster Han: $Tesla (TSLA.US)$ strong
@Laughing Dollars: $Palantir (PLTR.US)$ When u r holding 30x 28 calls expiring this Friday...
@Felix py: $AMC Entertainment (AMC.US)$ strong hold!
@BadPaint: $SNDL Inc (SNDL.US)$
@Questionable Invts: $AMC Entertainment (AMC.US)$ Gotta Stop Double Dipping. If you want price rocket.
@deluxe bean: $AMC Entertainment (AMC.US)$ stock right now...
@Marval: shorts will go hungry for tendies
@LaPlasita: To Infinity And Beyond!
According to the definiton of frequency illution, it's easier to discover sense of humor and happiness in life if you always wear a smile right? Remember to stay happy when investing!
This week, we'd like to invite you to comment below and tell about where/what in your everyday life do you associate invest with?
We will select 20 TOP COMMENTS by next Monday.
Winners will get 88 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
You may post:
● A related meme in gif or jpeg
● A photo you took
● Other creative ways to show your sense of humor
That's all for this episode! See ya next week! peace!
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Jamie78 : Just insane Ms. Dolly!!!! Just kinda like the country and market and gas prices et etc. and just like our administration and our President Bc he is now just stuck. Smh