What I am looking at May 13, 2022
- Sam Bankman-Fried, the CEO of crypto exchange FTX, saves the Western world with a bailout of ailing RobinHood (HOOD). Piper Sandler analyst says he has no idea what Sam, who bought a 7.6% stake in the retail brokerage, is doing. HOOD shares soared more than 22% in the premarket.
- Elon Musk saves Tesla (TSLA) by icing Twitter (TWTR). Musk tweeted Friday that the Twitter deal is "temporarily" on hold until he receives more information about fake accounts on the social media platform. Shares fell more than 14% in premarket trading.