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Yesterday, an SEC filing disclosed that the Tesla and SpaceX CEO bought a 9% stake in Twitter. It might not sound like a lot. But the shares are worth about $2.9 billion — more than the platform's co-founder and former CEO Jack Dorsey owns. It comes after Musk has been beefing with the company recently.
Over what?
Free speech. The billionaire has accused Twitter of failing to uphold its principles. After the Jan 6 insurrection, he wrote that people won't like "West Coast high tech" acting as its "de facto arbiter." He's also trolled Twitter's new CEO Parag Agrawal. And has gotten in trouble with the Securities and Exchange Commission over his use of the platform.
Remind me why Musk cares about Twitter?
It's a big platform for him: he has over 80 million followers. And last week, Musk said he was giving "serious thought" to a competing social media platform à la former President Trump. It comes as Twitter faces slow growth and competition from platforms like TikTok. The news from Musk sent Twitter shares up 27%.
Does this mean Musk will influence Twitter?
Not yet. There's no indication he's going to be an active shareholder. And no word yet on whether he's will join the company's board. Twitter's saying 'no comment.' Musk tweeted, "Oh hi lol." And asked Twitter users if they'd want an"edit button."
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Some want Twitter to do more policing, others less. Now, the world's wealthiest person is buying influence and could shake things up. Whether that's a net positive or negative remains to be seen.
PS: Want to know more about how Tweets can move markets? We Skimm'd what's going on, and what your next move should be.
And Also...This
Who's jumped through another hoop…
Ketanji Brown Jackson. Yesterday, the judge's Supreme Court nomination advanced to the full Senate for a vote. The move came after the Senate Judiciary Committee — which gave quite the job interview — found itself in a partisan gridlock on whether to move her along. While KBJ had the Democrats' support, Republicans continued to question her judicial record. But the Senate said 'let's vote anyway.' With the help of three Republican senators (hi, Mitt Romney, Lisa Murkowski, and Susan Collins), the 50-50 Senate moved Jackson's nomination forward during a procedural vote. The Senate could make things official by Thursday.
Who's got strong words again...
President Biden. Yesterday, he called Russian President Vladimir Putin a "war criminal" and said he should be held "accountable," calling on the international community to bring him to trial. The statement came after backlash over Biden's comments last month for saying Putin "cannot remain in power." But this time, Biden's comments came after violent scenes emerged in Bucha, a suburb northwest of Kyiv. Next up: The Biden admin says it's slapping Moscow with more sanctions this week.
Whose swishes came true...
Kansas'. Yesterday, the Jayhawks won the men's NCAA championship. The top-seeded team made the biggest comeback in title game history to beat North Carolina 72-69.
Ever pee a little mid-mountain climber in HIIT class? What about when you hear a good joke? Or when allergy season gets you sneezin'? Doctors call these leaks stress urinary incontinence. Or SUI. And about 1 in 3 women suffer from SUI at some point in their lives, according to the Urology Care Foundation.
So if you've been there, you're definitely not alone. If you're looking to do something about it, check out INNOVO's smart shorts. They'll do 180 perfect kegels for you. And they're the only FDA-approved, non-invasive solution proven to strengthen your pelvic floor and eliminate leaks in 12 weeks. No prescription, doctor's visit, or surgery required. Repeat after us: See ya, SUI.
Homebuying Help
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Design: theSkimm | Photo: iStock
Survey (read: industry data) says the median home sale price in the US was nearly 17% higher in 2021 than it was in 2020. And the market is still red hot in 2022. So if you're trying to score a deal, you'll wanna know about independent mortgage brokers.
Unlike big banks, they aren't confined to one set of terms and rates. In fact, they'll compare options from dozens of lenders for ya. So you can get the lowest monthly payment and most favorable terms available. Aaaand get to the closing table sooner (in 19 days or less on avg). Easier, cheaper, faster mortgage process, here you come.*
*NYSE Listed and Equal Housing Lender #UWMNMLS3038
Skimm Picks
Here are today's recs to help you live a smarter life…
1. A skincare hack that'll get you glowing. The breakdown of collagen in your skin can lead to fine lines and wrinkles. And the collagen in most serums is too large for your skin to absorb. Enter: this at-home device. Psst…use code SKIMMDEEP for 20% off.*
2. A must-have membership for an easier, breezier spring. And a fuller wallet. With a Walmart+ membership, you can get everything from groceries to household items delivered to your door fast — and for free. Sans markups or extra fees.† Try it free for 30 days.*
3. Crave-worthy meals you barely have to lift a finger for. Read that again. Then check out this brand's selection of 40+ ready-to-eat, plant-based smoothies, soups, and grain bowls. But wait, there's more: Skimm'rs get an exclusive $50 off their first delivery. Yum.*
4.A flight club that'll save you up to 90% on your next adventure. This service can help your savings seriously soar. Think: round-trip flights to Spain from $295. Or Hawaii from $117. Or…you get it. And for the next 24 hours, Skimm'rs can join for $1.*
5. A coffee add-in that will give your morning bev a pow(d)erful boost. This plant-based super powderhas organic ingredients that'll have you asking, 'What sugar cravings?' And feeling fuller longer. Plus, Skimm'rs get 20% off.*
*PS: This is a sponsored post.
†$35 minimum. Restrictions apply.
Skimm'rs
We like to celebrate the wins, big and small. Let us know how your friends, neighbors, coworkers (and yes, even you) are making career moves, checking off goals, or making an impact in the community.
Painting positivity…Michelle O (TX). She's published two coloring books for nurses suffering from burnout — after experiencing it herself. Oh and, she's also showcasing her medical art here.
PS: Paging all members of theSkimm. Reach out here for a chance to be featured.
Skimm More
It's National Employee Benefits Day. But wondering how your company stacks up? Check out our database of 480+ brands and organizations who've publicly shared their paid family leave policies and other benefits. So you can make more informed decisions about your career.
theSkimm Loyalty Program
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Psst…have you heard? We launched our new Loyalty Program and you're invited to join. Engage with our content, earn points, and use those points to unlock rewards. Think: swag, exclusive content, sweepstakes, and more. Start earning and get in on it here.
Skimm'd by Rashaan Ayesh, Melanie De Lima, Kate Gilhool, Julie Shain, and Mariza Smajlaj
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