Crypto Winter: 10 Things We Learned This Week

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Crypto Winter: 10 Things We Learned This Week



Yet more drama in the Twitter takeover saga. Elon Musk tweeted the deal is "temporarily in hold" subject to confirmation about fake and spam accounts. Twitter shares, which never got that close to Musk's $54 per share offer, plunged. Short sellers had started to circle around Twitter even before May 13's news, with the idea that the world's richest man may just be overpaying for a company that hasn't exactly prospered in the biggest tech bull run of all time - and that's setting aside all the moral questions about hate speech, extremism etc. One wag predicted during the Twitter takeover battle that the only two people left on Twitter will be Musk and Trump retweeting each other's awful takes. That's some dystopian vision. 



And speaking of Twitter. This week, we had a look at how Morningstar rates funds and their managers. And with some very controversial takeovers and reports of late, it felt timely to ask; what if we rated CEOs? Would any of them show strong leadership skills or would controversies drag them down into negative territory? Some of the main factors we look at for a successful fund manager is relevant experience, strong processes, number of other responsibilities and team

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