Reorganization

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has hinted at a significant restructuring of the company in response to a post on X. What Happened: On Wednesday, Musk responded to a post by Teslaconomics, which highlighted a statement made by the billionaire during Tesla’s Q1 earnings call....

California cannabis company Blum Holdings, Inc. (OTCQB:UNRVD) reported its preliminary and unaudited financial results on Tuesday for the fiscal year and quarter ended December 31, 2023. Revenue from continuing operations for FY 2023 totaled $33 million, following a year of restructuring and...

In its final move to end the bankruptcy case, FTX has taken a step forward to launch a yet-to-be-approved proposal for returning money to creditors. What Happened: FTX Trading (CRYPTO: FTT) looks to end its bankruptcy case by launching a proposal to return significant money to customers and...

Crypto lender Celsius (CRYPTO: CEL) saw its CEL token trade 27% higher, taking its seven-day trading gain to 39%, on the heels of a dramatic bankruptcy case. What Happened: Market cap and trading volume in the past 24 hours increased 27% and 20%, respectively. The momentum came as Chief Judge...

Microsoft Corp (NASDAQ: MSFT) is undergoing a significant reorganization within its Xbox gaming and marketing leadership, following its recent acquisition of Activision Blizzard Inc (NASDAQ: ATVI). "ZeniMax will continue to operate as a limited integration entity led by Jamie Leder,...