August 18, 2022: -On Wednesday, English soccer club shares of Manchester United increased by nearly 17% in premarket trading following Tesla CEO Elon Musk jokingly tweeted that he would buy the club.
“Also, I’m buying Manchester United. Your welcome,” the billionaire wrote on Twitter. Musk responded to a Twitter user to ask if he was serious about buying the club and explained that it was just a joke.
“No, this is a long-running joke on Twitter. I’m not purchasing any sports teams, Although, if it were any team, it would be Man U. They were my fav team as a kid,” he tweeted.
Manchester United shares, traded under the abbreviation MANU on the New York Stock Exchange, were increased up to 3.68% in premarket trading as of 4:30 a.m. ET, diminishing returns after originally increasing 17% after the tweet.
Based on the company’s most recent stock market valuation, purchasing Manchester United would have cost Musk almost $2 billion.
Musk’s initial tweet prompted a widespread reaction, gained more than 573 000 likes and was retweeted more than 140 000 times at the time of writing. Manchester United fans responded surprised yet hopeful, as many have blamed the club’s current owners, the American Glazer family.
This is related to the club’s slow beginning to the current season of the English Premier League, which notices two losses in two games, and the club being part of the failed attempt to set up the European Super League last year.
Even before Musk clarified that his offer to buy Manchester United was a joke, a few fans stayed skeptical as Elon Musk has a habit of making similar jokes online.
In April 2022, he tweeted that he would purchase Coca-Cola “to put the cocaine back in,” a tweet he referred back to on Wednesday after clarifying that he would not buy Manchester United.
The original tweet about purchasing Coca-Cola came days after Twitter’s board accepted Musk’s offer to buy the social media company for $44 billion.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
When Darren Woods took the reigns of ExxonMobil six years ago, no one could have anticipated that the Kansas resident would soon face what Texas oil patch vets call “a whole pile of trouble.” Three years later, the oil market collapsed during the COVID-19 pandemic, which dealt the 140-year-old oil organization its first annual upset in four decades.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.
Jasmin Staiblin, Chief Executive Officer of ABB Switzerland, says, “Global energy consumption continues to grow and, if left unabated, will lead to an ever-greater risk of irreversibly changing our climate. To take advantage of more sustainable energy sources, the energy landscape is in a state of profound change to allow the integration of increasing amounts of renewable energy sources into the grid, to allow infrastructure to run more intelligently and efficiently, and to ensure the supply of energy is available at all times.
The activation of the Fallon Two Rock solar farm project has recently bolstered the Californian energy …