Highlights of the day: 8 July

FinMeUp Highlights of the day

FinMeUp Mentorship Month!

We want to provide our community with the opportunity to engage with our team. A financial coach in your pocket! Do you have a question that youd like to ask? Great! Well answer them all! linktr.ee/FinMeUpLinks

U.S

Elon Musk / Twitter

• Elon Musks deal to acquire Twitter Is reportedly in serious jeopardy because Musk cant verify Twitters spam figures.

Twitter

• Twitter have said that the number of spam bots on the platform is well below the 5% estimate.
• The company said that they delete around 1 million spam bots per day.
• Twitter has reportedly laid off 30% of its talent acquisition team.
• The layoffs will affect fewer than 100 people.

Costco

• Costco have reported their June sales of $22.78B up 20.4% YoY from $18.92B in June 2021.

Berkshire Hathaway

• Warren Buffett's Berkshire Hathaway has just filed for its purchase of 12 million more shares of Occidental.

Volkswagen

• Volkswagen has announced its plans to invest around $20 Billion to build its own electric vehicle batteries.

Biggest winners and losers

JSE 

• Alphamin +8.98%
• Naspers -6.02%

US

• Moderna +2.23%
• Paypal -3.86%

Crypto

• Bitcoin +3.6%
• Ethereum +0.4%
• Solana -2.6%