The day with the s p 500 up 1. 3 , building on the gains from yesterday. Biotech and Technology Stocks bouncing back with ten of the 11 s p sectors trading in positive territory. And lets draw your attention to spotify, up a whopping 16 , highest level since march of 2021 on the back of its earnings beat also, check out jetblue, sinking after reporting worse than expected revenue. On the other hand, aviation engineer making air owe maker ge autos, gm up beating on earnings well take a technical look at that name further ahead. Another name, that would be tesla reporting after the bell that name along with other big tech stocks become the target of short sellers. For that we turn to kate rooney. Hi, kate. Hi, tyler the bears are betting against big techs short sellers and the magnificent seven, weekly profit of 10 billion that was an alltime high during that nasdaq selloff the tech giants mostly report this week and they are the most shorted stocks in the u. S. Markets. Thats according
Uber losses widened in the third quarter. Almost 1. 5lost billion. As reported tuesday night as part of a formal bid from a stock a group looking to buy a large portion of stock. Theres a 30 discount to its last private valuation, coming in at 69 billion. We spoke to someone intimately familiar with this, lane castleman, the former head of over in the americas, and eric newcomer. Opening salvo from softbank. 33 a share translates into this valuation and they will see if they can get enough people to meet the outstanding shares they want to acquire. What is the likelihood of them acquiring that . This is the debate we will have an there is an appetite for liquidity. People want to sell and do not want to miss out. Some people know that the price could go up. You have shares to sell. What are employees talking about . There is not a lot of information out. All we know is what we are reading in the press and there is not a lot of communication with former employees. I am wondering if i ca
Quarter. The right Healing Service lost almost 1. 5 billion in the period. As reported tuesday night as part of a formal bid from a softbankled consortium looking to buy a large portion of stock. Theres a 30 discount to its last private valuation, coming in at 69 billion. We caught up with someone intimately familiar with ubers inner workings, lane castleman, the former head of over in the americas, and eric newcomer. This is the opening salvo from softbank. And its consortium of investors saying, we will pay 33 a share, which translates into that 48 billion dollars valuation, and see if we can get enough people to bite at that to meet the 14 of outstanding shares of he want to acquire. Molly and what is the likelihood of them acquiring that . You know, there is a lot of appetite for liquidity and that is what softbank is counting on. People want to sell and do not want to miss out. People might offer them up knowing they can offer them at a higher price later. Emily you have shares to
First to our lead, uber losses widened in the third quarter. The Ride Hailing Service lost almost 1. 5 billion in the period. It all came to light as shareholders reported tuesday night as part of a formal bid from a softbankled consortium looking to buy a large portion of stock. Softbank to get a nice discount. Theres a 30 discount to its last private valuation, coming in at 69 billion. We caught up with someone intimately familiar with ubers inner workings, lane castleman, the managing partner at greenbrier and the former head of uber communication in the americas, and eric newcomer. This is the opening salvo from softbank. And its consortium of investors saying, we will pay 33 a share, which translates into that 48 48 billion dollars valuation, and see if we can get enough people to bite at that to meet the 14 of outstanding shares of we want to acquire. Molly and what is the likelihood of them acquiring that . You know, there is a lot of appetite for liquidity and that is what soft
President. First to our lead, uber losses widened in the third quarter. The Ride Hailing Service lost almost 1. 5 billion in the period. This all caps on light when goober reported its financials to shareholders tuesday night as part of a formal bid from a softbankled consortium looking to buy a large block of stock. Softbank to get a nice discount. Theres a 30 discount to its last private valuation, coming in at 69 billion. We caught up with someone intimately familiar with ubers inner workings, lane castleman, managing partner at greenbrier and the former head of Uber Communications in the americas, and Eric Newcomer also joined us on the set. Eric this is the opening salvo from softbank and its consortium of investors saying, we will pay 33 a share, which translates into that 40 billion valuation and see if we can get , enough people to bite at that to meet the 14 of outstanding shares we want to acquire. Emily and what is the likelihood of that . Eric you know, there is a lot of ap