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Cyndikan

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- CyndikanCyndikan
  ·2021-07-13
  Great article!
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- CyndikanCyndikan
  ·2021-07-12
  Interesting!
  SoftBank-backed VTEX eyes over $3 bln valuation in U.S. IPO
  July 12 (Reuters) - Brazil's VTEX, a digital commerce platform backed by SoftBank Group Corp, said o
  SoftBank-backed VTEX eyes over $3 bln valuation in U.S. IPO
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- CyndikanCyndikan
  ·2021-07-12
  Great article
  Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity
  WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 201
  Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity
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- CyndikanCyndikan
  ·2021-07-12
  Great article
  Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity
  WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 201
  Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity
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- CyndikanCyndikan
  ·2021-07-10
  Please help me like this comment!
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- CyndikanCyndikan
  ·2021-07-10
  Insightful..
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- CyndikanCyndikan
  ·2021-07-09
  Shucks
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- CyndikanCyndikan
  ·2021-07-09
  Please leave a like thank you!
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Brazil's VTEX, a digital commerce platform backed by SoftBank Group Corp, said o","content":"<p>July 12 (Reuters) - Brazil's VTEX, a digital commerce platform backed by SoftBank Group Corp, said on Monday it was targeting a valuation of up to $3.2 billion in its U.S. initial public offering (IPO).</p>\n<p>The company's offering would consist of 19 million Class A common shares priced between $15 and $17 each. 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At the top end of the range, the IPO would fetch $323 million.</p>\n<p>About 5.1 million of those shares are being offered by the selling shareholders, the proceeds of which will not go to the company, VTEX said.</p>\n<p>Planning to list on the New York Stock Exchange, VTEX is the latest highly valued startup from Latin America looking to cash in on a record run in U.S. capital markets.</p>\n<p>Brazilian fintech Nubank, payments company Ebanx and General Atlantic-backed Hotmart are also preparing for U.S. listings in the coming months.</p>\n<p>VTEX started its operations in Brazil in 2000, set up its first overseas office in 2013 and expanded into the United States in 2017. Its platform allows customers to execute their commerce strategy, including building online stores and managing orders.</p>\n<p>The company has customers in over 32 countries, including Japan's Sony Corp, Nestle and McDonald's Corp .</p>\n<p>It was valued at $1.7 billion after a funding round in September and also counts Tiger Global, Lone Pine Capital and Constellation among its investors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VTEXF":"DEVELOP GLOBAL LTD."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150653548","content_text":"July 12 (Reuters) - Brazil's VTEX, a digital commerce platform backed by SoftBank Group Corp, said on Monday it was targeting a valuation of up to $3.2 billion in its U.S. initial public offering (IPO).\nThe company's offering would consist of 19 million Class A common shares priced between $15 and $17 each. At the top end of the range, the IPO would fetch $323 million.\nAbout 5.1 million of those shares are being offered by the selling shareholders, the proceeds of which will not go to the company, VTEX said.\nPlanning to list on the New York Stock Exchange, VTEX is the latest highly valued startup from Latin America looking to cash in on a record run in U.S. capital markets.\nBrazilian fintech Nubank, payments company Ebanx and General Atlantic-backed Hotmart are also preparing for U.S. listings in the coming months.\nVTEX started its operations in Brazil in 2000, set up its first overseas office in 2013 and expanded into the United States in 2017. Its platform allows customers to execute their commerce strategy, including building online stores and managing orders.\nThe company has customers in over 32 countries, including Japan's Sony Corp, Nestle and McDonald's Corp .\nIt was valued at $1.7 billion after a funding round in September and also counts Tiger Global, Lone Pine Capital and Constellation among its investors.","news_type":1,"symbols_score_info":{"VTEXF":0.9}},"isVote":1,"tweetType":1,"viewCount":1683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146479084,"gmtCreate":1626097953548,"gmtModify":1703753338713,"author":{"id":"3572865383524302","authorId":"3572865383524302","name":"Cyndikan","avatar":"https://static.tigerbbs.com/83a76c2a39feebbdb782cd8d83f29e6f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572865383524302","authorIdStr":"3572865383524302"},"themes":[],"htmlText":"Great article","listText":"Great article","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146479084","repostId":"2150362365","repostType":4,"repost":{"id":"2150362365","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626096067,"share":"https://ttm.financial/m/news/2150362365?lang=&edition=fundamental","pubTime":"2021-07-12 21:21","market":"us","language":"en","title":"Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity","url":"https://stock-news.laohu8.com/highlight/detail?id=2150362365","media":"Reuters","summary":"WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 201","content":"<p>WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.</p>\n<p>Musk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.</p>\n<p>The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board to buy SolarCity, just as it was about to run out of cash. Musk owned a 22% stake in SolarCity, which was founded by his cousins.</p>\n<p>Shareholders asked the court to order Musk, <a href=\"https://laohu8.com/S/AONE\">one</a> of world's richest people, to repay to Telsa what it spent on the deal, which would represent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest judgments ever against an individual. However, even if the judge finds the deal was unfair, he could award a much lower amount of damages.</p>\n<p>Musk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders.</p>\n<p>He touted the deal at the time as central to his \"Master Plan, Part Deux,\" which aims to reshape transportation by using sustainable energy to power fleets of self-driving electric vehicles.</p>\n<p>Legal experts said the judge will be looking for evidence that Musk threatened board members or that directors felt they could not stand up to him.</p>\n<p>The shareholders' lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker.</p>\n<p>Central to the case will be allegations that Musk, who had a 22% stake in Tesla at the time of the deal, was nonetheless a controlling shareholder. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders.</p>\n<p>\"It would be a surprise to most people if the court were to come out and say that he doesn't control here,\" said Brian Quinn, a professor at Boston College Law School. \"Because he certainly acts like he does.\"</p>\n<p>Musk is expected to be questioned by shareholder attorney Randy Baron, who Musk called \"reprehensible\" at a testy 2019 deposition during which he also accused Baron of attacking sustainable energy, according to a transcript.</p>\n<p>When Baron asked if Musk bailed out SolarCity, Musk replied: \"You are a shameful person.\"</p>\n<p>Tesla's directors settled allegations from the same lawsuit last year for $60 million, paid by insurance, without admitting fault.</p>\n<p>Slights will likely take months before he issues a ruling.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMusk arrives at trial over Tesla's $2.6 bln deal for SolarCity\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-12 21:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.</p>\n<p>Musk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.</p>\n<p>The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board to buy SolarCity, just as it was about to run out of cash. Musk owned a 22% stake in SolarCity, which was founded by his cousins.</p>\n<p>Shareholders asked the court to order Musk, <a href=\"https://laohu8.com/S/AONE\">one</a> of world's richest people, to repay to Telsa what it spent on the deal, which would represent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest judgments ever against an individual. However, even if the judge finds the deal was unfair, he could award a much lower amount of damages.</p>\n<p>Musk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders.</p>\n<p>He touted the deal at the time as central to his \"Master Plan, Part Deux,\" which aims to reshape transportation by using sustainable energy to power fleets of self-driving electric vehicles.</p>\n<p>Legal experts said the judge will be looking for evidence that Musk threatened board members or that directors felt they could not stand up to him.</p>\n<p>The shareholders' lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker.</p>\n<p>Central to the case will be allegations that Musk, who had a 22% stake in Tesla at the time of the deal, was nonetheless a controlling shareholder. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders.</p>\n<p>\"It would be a surprise to most people if the court were to come out and say that he doesn't control here,\" said Brian Quinn, a professor at Boston College Law School. \"Because he certainly acts like he does.\"</p>\n<p>Musk is expected to be questioned by shareholder attorney Randy Baron, who Musk called \"reprehensible\" at a testy 2019 deposition during which he also accused Baron of attacking sustainable energy, according to a transcript.</p>\n<p>When Baron asked if Musk bailed out SolarCity, Musk replied: \"You are a shameful person.\"</p>\n<p>Tesla's directors settled allegations from the same lawsuit last year for $60 million, paid by insurance, without admitting fault.</p>\n<p>Slights will likely take months before he issues a ruling.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150362365","content_text":"WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.\nMusk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.\nThe lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board to buy SolarCity, just as it was about to run out of cash. Musk owned a 22% stake in SolarCity, which was founded by his cousins.\nShareholders asked the court to order Musk, one of world's richest people, to repay to Telsa what it spent on the deal, which would represent one of the largest judgments ever against an individual. However, even if the judge finds the deal was unfair, he could award a much lower amount of damages.\nMusk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders.\nHe touted the deal at the time as central to his \"Master Plan, Part Deux,\" which aims to reshape transportation by using sustainable energy to power fleets of self-driving electric vehicles.\nLegal experts said the judge will be looking for evidence that Musk threatened board members or that directors felt they could not stand up to him.\nThe shareholders' lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker.\nCentral to the case will be allegations that Musk, who had a 22% stake in Tesla at the time of the deal, was nonetheless a controlling shareholder. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders.\n\"It would be a surprise to most people if the court were to come out and say that he doesn't control here,\" said Brian Quinn, a professor at Boston College Law School. \"Because he certainly acts like he does.\"\nMusk is expected to be questioned by shareholder attorney Randy Baron, who Musk called \"reprehensible\" at a testy 2019 deposition during which he also accused Baron of attacking sustainable energy, according to a transcript.\nWhen Baron asked if Musk bailed out SolarCity, Musk replied: \"You are a shameful person.\"\nTesla's directors settled allegations from the same lawsuit last year for $60 million, paid by insurance, without admitting fault.\nSlights will likely take months before he issues a ruling.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146445737,"gmtCreate":1626097889929,"gmtModify":1703753334147,"author":{"id":"3572865383524302","authorId":"3572865383524302","name":"Cyndikan","avatar":"https://static.tigerbbs.com/83a76c2a39feebbdb782cd8d83f29e6f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572865383524302","authorIdStr":"3572865383524302"},"themes":[],"htmlText":"Great article","listText":"Great article","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146445737","repostId":"2150362365","repostType":4,"repost":{"id":"2150362365","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626096067,"share":"https://ttm.financial/m/news/2150362365?lang=&edition=fundamental","pubTime":"2021-07-12 21:21","market":"us","language":"en","title":"Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity","url":"https://stock-news.laohu8.com/highlight/detail?id=2150362365","media":"Reuters","summary":"WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 201","content":"<p>WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.</p>\n<p>Musk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.</p>\n<p>The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board to buy SolarCity, just as it was about to run out of cash. Musk owned a 22% stake in SolarCity, which was founded by his cousins.</p>\n<p>Shareholders asked the court to order Musk, <a href=\"https://laohu8.com/S/AONE\">one</a> of world's richest people, to repay to Telsa what it spent on the deal, which would represent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest judgments ever against an individual. However, even if the judge finds the deal was unfair, he could award a much lower amount of damages.</p>\n<p>Musk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders.</p>\n<p>He touted the deal at the time as central to his \"Master Plan, Part Deux,\" which aims to reshape transportation by using sustainable energy to power fleets of self-driving electric vehicles.</p>\n<p>Legal experts said the judge will be looking for evidence that Musk threatened board members or that directors felt they could not stand up to him.</p>\n<p>The shareholders' lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker.</p>\n<p>Central to the case will be allegations that Musk, who had a 22% stake in Tesla at the time of the deal, was nonetheless a controlling shareholder. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders.</p>\n<p>\"It would be a surprise to most people if the court were to come out and say that he doesn't control here,\" said Brian Quinn, a professor at Boston College Law School. \"Because he certainly acts like he does.\"</p>\n<p>Musk is expected to be questioned by shareholder attorney Randy Baron, who Musk called \"reprehensible\" at a testy 2019 deposition during which he also accused Baron of attacking sustainable energy, according to a transcript.</p>\n<p>When Baron asked if Musk bailed out SolarCity, Musk replied: \"You are a shameful person.\"</p>\n<p>Tesla's directors settled allegations from the same lawsuit last year for $60 million, paid by insurance, without admitting fault.</p>\n<p>Slights will likely take months before he issues a ruling.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk arrives at trial over Tesla's $2.6 bln deal for SolarCity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMusk arrives at trial over Tesla's $2.6 bln deal for SolarCity\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-12 21:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.</p>\n<p>Musk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.</p>\n<p>The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board to buy SolarCity, just as it was about to run out of cash. Musk owned a 22% stake in SolarCity, which was founded by his cousins.</p>\n<p>Shareholders asked the court to order Musk, <a href=\"https://laohu8.com/S/AONE\">one</a> of world's richest people, to repay to Telsa what it spent on the deal, which would represent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest judgments ever against an individual. However, even if the judge finds the deal was unfair, he could award a much lower amount of damages.</p>\n<p>Musk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders.</p>\n<p>He touted the deal at the time as central to his \"Master Plan, Part Deux,\" which aims to reshape transportation by using sustainable energy to power fleets of self-driving electric vehicles.</p>\n<p>Legal experts said the judge will be looking for evidence that Musk threatened board members or that directors felt they could not stand up to him.</p>\n<p>The shareholders' lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker.</p>\n<p>Central to the case will be allegations that Musk, who had a 22% stake in Tesla at the time of the deal, was nonetheless a controlling shareholder. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders.</p>\n<p>\"It would be a surprise to most people if the court were to come out and say that he doesn't control here,\" said Brian Quinn, a professor at Boston College Law School. \"Because he certainly acts like he does.\"</p>\n<p>Musk is expected to be questioned by shareholder attorney Randy Baron, who Musk called \"reprehensible\" at a testy 2019 deposition during which he also accused Baron of attacking sustainable energy, according to a transcript.</p>\n<p>When Baron asked if Musk bailed out SolarCity, Musk replied: \"You are a shameful person.\"</p>\n<p>Tesla's directors settled allegations from the same lawsuit last year for $60 million, paid by insurance, without admitting fault.</p>\n<p>Slights will likely take months before he issues a ruling.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150362365","content_text":"WILMINGTON, Del., July 12 (Reuters) - Elon Musk arrived at court on Monday to defend Tesla Inc's 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker.\nMusk is slated to take the witness stand this morning, kicking off a two-week trial in Wilmington, Delaware, before Vice Chancellor Joseph Slights, who will decide whether the SolarCity deal was fair to Tesla stockholders.\nThe lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board to buy SolarCity, just as it was about to run out of cash. Musk owned a 22% stake in SolarCity, which was founded by his cousins.\nShareholders asked the court to order Musk, one of world's richest people, to repay to Telsa what it spent on the deal, which would represent one of the largest judgments ever against an individual. However, even if the judge finds the deal was unfair, he could award a much lower amount of damages.\nMusk has argued the deal was fair and that it was negotiated by the Tesla board free of his influence and approved by fully informed stockholders.\nHe touted the deal at the time as central to his \"Master Plan, Part Deux,\" which aims to reshape transportation by using sustainable energy to power fleets of self-driving electric vehicles.\nLegal experts said the judge will be looking for evidence that Musk threatened board members or that directors felt they could not stand up to him.\nThe shareholders' lawsuit accuses Musk of dominating deal discussions, pushing Tesla to pay more for SolarCity and misleading shareholders about the deteriorating financial health of the solar panel maker.\nCentral to the case will be allegations that Musk, who had a 22% stake in Tesla at the time of the deal, was nonetheless a controlling shareholder. If he was, it would impose a tougher legal standard and increase the likelihood the deal was unfair to shareholders.\n\"It would be a surprise to most people if the court were to come out and say that he doesn't control here,\" said Brian Quinn, a professor at Boston College Law School. \"Because he certainly acts like he does.\"\nMusk is expected to be questioned by shareholder attorney Randy Baron, who Musk called \"reprehensible\" at a testy 2019 deposition during which he also accused Baron of attacking sustainable energy, according to a transcript.\nWhen Baron asked if Musk bailed out SolarCity, Musk replied: \"You are a shameful person.\"\nTesla's directors settled allegations from the same lawsuit last year for $60 million, paid by insurance, without admitting fault.\nSlights will likely take months before he issues a ruling.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148052386,"gmtCreate":1625904633345,"gmtModify":1703750773802,"author":{"id":"3572865383524302","authorId":"3572865383524302","name":"Cyndikan","avatar":"https://static.tigerbbs.com/83a76c2a39feebbdb782cd8d83f29e6f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572865383524302","authorIdStr":"3572865383524302"},"themes":[],"htmlText":"Please help me like this comment!","listText":"Please help me like this comment!","text":"Please help me like this comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/148052386","repostId":"2150306047","repostType":4,"isVote":1,"tweetType":1,"viewCount":2030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148056448,"gmtCreate":1625904579184,"gmtModify":1703750773317,"author":{"id":"3572865383524302","authorId":"3572865383524302","name":"Cyndikan","avatar":"https://static.tigerbbs.com/83a76c2a39feebbdb782cd8d83f29e6f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572865383524302","authorIdStr":"3572865383524302"},"themes":[],"htmlText":"Insightful..","listText":"Insightful..","text":"Insightful..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148056448","repostId":"1177397700","repostType":4,"isVote":1,"tweetType":1,"viewCount":1511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143557166,"gmtCreate":1625804301155,"gmtModify":1703748911954,"author":{"id":"3572865383524302","authorId":"3572865383524302","name":"Cyndikan","avatar":"https://static.tigerbbs.com/83a76c2a39feebbdb782cd8d83f29e6f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572865383524302","authorIdStr":"3572865383524302"},"themes":[],"htmlText":"Shucks","listText":"Shucks","text":"Shucks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143557166","repostId":"1153646457","repostType":4,"isVote":1,"tweetType":1,"viewCount":1670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143555616,"gmtCreate":1625804227935,"gmtModify":1703748909515,"author":{"id":"3572865383524302","authorId":"3572865383524302","name":"Cyndikan","avatar":"https://static.tigerbbs.com/83a76c2a39feebbdb782cd8d83f29e6f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572865383524302","authorIdStr":"3572865383524302"},"themes":[],"htmlText":"Please leave a like thank you!","listText":"Please leave a like thank you!","text":"Please leave a like thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/143555616","repostId":"1195657546","repostType":4,"isVote":1,"tweetType":1,"viewCount":2082,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}