Rippers Weekly Recap 4/8: Elon Musk Becomes The Largest Twitter Shareholder And Comments On My Tweet, Plus Much More Major News

StockMKTNewz Evan
April 09, 2022

Hey Rippers fam!

Hey everyone, it’s Evan! But I’m better known online as @StockMKTNewz. If you know me, you know I tweet way too much for any sane person to track. So, I thought I would narrow down my hundreds of tweets to get you caught up here in under 5 minutes on all the news from today you need to know! 

Today, we're doing a quick recap of the best and worst of the markets, the biggest headlines, and a surprise tweet from this week!

Elon Musk Tweet

Many of you would have seen I got a response from Elon Musk this week! Here’s what happened:

On Monday, Elon filed for his purchase of Twitter stock. In that filing, he disclosed owning 73,486,938 shares of Common Stock.

The next day, Elon submitted another filing showing him owning 73,115,038 shares of Twitter common stock, 371.9K less shares than he had filed for on the previous day.

I made the incorrect assumption — that Elon had sold the shares — we know what happens when you assume. But instead, it was a mistake on the original filing and the second was just correcting it… So the source himself, Elon came in and corrected.

This newsletter is sponsored by:

It’s Time to Stop Using 27 Different Investing Apps

It’s the morning, and you want to see how your investments are doing. Let’s walk through the routine:

  1. Check stocks somewhere 
  2. Anddd check your crypto somewhere else 
  3. Anddd check your NFTs somewhere else 
  4. Check… you get the idea

A million different investing apps for a million different assets. The market has probably opened by the time you go through all of your apps (unless you trade crypto, where the markets never close).

What if you could just trade all of your favorite asset classes in one place?

Guess what? That dream is about to come true thanks to FTX.

FTX, one of the world’s biggest crypto exchanges, offers a variety of crypto, fiat, and NFT options for investors, with stocks coming soon! But they aren’t stopping with stocks, there might be another asset or 2 (or 3 or 4) in the works too.

If you want to trade it, there is a good chance that FTX wants to offer it. While FTX started as a crypto exchange, the company wants to support every single trader out there, regardless of asset class.

How The Stock Market Performed This Past Week

The Major Indexes

Heat Map of the S&P 500

How The Largest Stocks Performed

Worst Performing Large Cap Stocks

Best Performing Large Cap Stocks

**All images are via Finviz.com**

Major Headlines From This Week

Monday:

  • AMD plans to acquire Pensando Systems for $1.9 billion pending regulatory approval - WSJ 
  • Elon Musk has acquired a 9.1% stake in Twitter becoming the largest shareholder - SEC Filing

Tuesday:

  • Rivian announced that it delivered 1,227 vehicles in Q1 - Teslarati 
  • Twitter announced it has been working on the edit tweet feature since last year - Twitter Comms
  • JetBlue put in a bid to acquire Spirit Airlines for $33 per share in cash - NYT 
  • Elon Musk joined Twitter's board of directors - NYT

Wednesday:

  • Warren Buffett’s Berkshire Hathaway disclosed it has purchased nearly 121 million shares of HP stock worth around $4.2 Billion - Reuters 
  • Meta Platforms (Facebook) is reportedly exploring a virtual currency for the metaverse - Financial Times 
  • Banks are reportedly considering a plan to extend payment app Zelle to merchant payments - WSJ 
  • Uber is adding planes, trains, hotels and rental cars in ‘super app’ push - New York Post
  • FOMC minutes released

Thursday:

  • Tesla had its opening ceremony at Gigafactory Texas - The Verge
    • Elon Musk announced Tesla will make a dedicated robo-taxi
    • Elon Musk said Tesla’s Texas GigaFactory is the largest factory building in the world by volume 
    • Elon said Tesla’s Texas Gigafactory will be the highest volume car factory in America 
  • Walmart is raising starting pay for in-house truck drivers to between $95,000-$110,000 a year in an effort to keep its supply chain running smoothly - WSJ 
  • Amazon and the New York Yankees announced a deal to air 21 games exclusively on Prime Video for members in 4 states (New York, Connecticut, north and central New Jersey and northeast Pennsylvania) - Variety

Friday:

  • Taiwan Semiconductor reported Q1 revenue of $17 Billion up 36% YoY - SeekingAlpha
  • Intel CEO Pat Gelsinger reportedly made a short visit to Taiwan Semiconductor in an effort to secure more capacity from the company - Digitimes
  • Robinhood announced it has now rolled out Crypto Wallets to every eligible person - Robinhood Blog
  • Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered Bitcoin mine in Texas that uses solar and storage technology from Tesla- CNBC

Get Prepared For Next Week

Economic Calendar

Earnings Calendar

That's it for today — thanks for reading Rippers! Stay bullish, and we'll see you all in the next one 🔥 In the meantime, check out our weekly Twitter Spaces and give us a follow on Twitter!

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