BLOOMBERG – Precise Post

Twitter Users Ask Elon Musk To Sell 10 Percent Of Tesla Stock

November 8, 2021November 8, 2021 - by Precise Post - Leave a Comment

“I was prepared to accept either outcome,” said Musk, who regularly takes to Twitter to make unexpected announcements or surprising comments. He did not specify when or how he plans to sell the shares. The electric car maker’s query on Saturday night follows a proposal by US Congressional Democrats to tax the super wealthy more heavily by targeting stocks, which are usually only taxed when sold. Musk had already criticized the proposal at the end of October, tweeting: “Eventually, they run out of other people’s money and then they come for you.” He broached the topic again on Saturday, writing on Twitter: “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.” He also shared a poll asking followers whether they agree “yes” or “no.” By Sunday, 57.9 percent of those who voted had picked “yes.” Musk owned about 17 percent of Tesla’s outstanding shares as of June 30, currently worth $208.37 billion, according to Bloomberg. The entrepreneur was also awarded a large package of stock options and …

News

Facebook bans Taliban-related contents from platforms

August 17, 2021August 17, 2021 - by Precise Post - Leave a Comment

Social media giant, Facebook, has banned Taliban and related contents from all its platforms. This confirmation comes after Taliban fighters took over Afghanistan Capital, Kabul on Sunday, causing many citizens to flee the country including the American backed President, Ashraf Ghani. Speaking with the BBC, a Facebook spokesperson said the organisation has been banned under its “Dangerous Organisation policies” which applies to all its platforms including Instagram and WhatsApp. “The Taliban is sanctioned as a terrorist organization under US law and we have banned them from our services under our Dangerous Organization policies,” they said The ban, will ensure the removal of “..accounts maintained by or on behalf of the Taliban and prohibit praise, support, and representation of them.” Adamawa businessman remanded for allegedly calling Gov Fintiri ‘father of all thieves’“We also have a dedicated team of Afghanistan experts, who are native Dari and Pashto speakers and have knowledge of local context, helping to identify and alert us to emerging issues on the platform,” they added. In an interview with Bloomberg Television on Monday, Adam Mosseri, the head of Facebook’s …

World News

Dangote now worth $17.8bn, Only Nigerian On Bloomberg’s Top Billionaires’ List

August 11, 2021August 11, 2021 - by Editor - Leave a Comment

By Chris Udochukwu Abuja – Africa’s richest man, Aliko Dangote has significantly moved up in the World billionaires’ list as his fortune increased to $17.8 billion as against last year’s $14.8 billion to emerge as the only Nigerian in the Bloomberg’s yearly top billionaire lists. Other Africans on the lists are three South Africans. They are Johann Rupert and family, worth $10.1 billion; Nicky Oppenheimer with a worth of $7.80 billion and Natie Kirsh who is reputed to worth $7.15 billion. Nassef Sawiris from Egypt is also among African billionaires with a worth of $6.93 billion. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies …

World News

China Calls For Fresh Talks With US, Says There’s Need To Rebuild Mutual Trust

December 7, 2020December 7, 2020 - by Editor - Leave a Comment

By Chris Udochukwu Abuja (Precise Post) – In a move to mend fences, China’s top diplomat on Monday called for the resumption of talks with the incoming US administration of president-elect Joe Biden as relations between the world’s two largest economies continued to nosedive. Beijing and Washington have locked horns over issues from trade and China’s human rights record to its expansionist ambitions in the South China Sea. But speaking during a video call with the board of the US-China Business Council (USCBC) on Monday, foreign minister Wang Yi said “the two sides should work together.” “We need to strive to restart the dialogue, get back on the right track, and rebuild mutual trust in the next phase of China-US relations,” he said, according to a readout of his remarks on the foreign ministry website. His comments come days after Washington unveiled travel restrictions for members of the Chinese Communist Party over human rights abuses in the restive region of Xinjiang, as relations between the two tumble to the lowest point in decades. More sanctions are expected this week, with …

News

Revealed: Why Bloomberg Philanthropies Committed Additional $240m to Auto Crash Deaths

February 21, 2020February 21, 2020 - by Editor - Leave a Comment

By Justina Asishana Sweden (Precise Post) – Bloomberg Philanthropies has announced that it is committing another $240 million from 2020 – 2025 to global road safety to save 600,000 lives and prevent 22 million injuries in low and middle-income countries. In a statement to newsmen in Sweden at the 3rd Global Ministerial Conference on Road Safety, the group said the reinvestment would be for six years and would double the impact of road safety. Over 312,000 lives have been saved and up to 11.5 million injuries have been prevented since 2007, the NGO stated. “Over the past 12 years, Bloomberg Philanthropies has invested $260 million to curb deaths and injuries from road traffic crashes. That investment has led ten countries (China, Russia, Thailand, the Philippines, Cambodia, Vietnam, Kenya, Brazil, Turkey, and India) and 12 localities to change their laws or policies to reduce at least one road safety risk factor. “Over 3.5 billion people are now covered by a new road safety law or policy since the Initiative began”, the statement read. “The reinvestment by Bloomberg Philanthropies would also include …