Twitter Employees Fear Elon Musk Won’t Make Promised Payouts

Peloton’s co-founder pledges nearly half his shares to cover margin calls. John Foley, who resigned as executive chairman last month, has pledged 6.7 million shares — or 41 percent of his holdings — to cover margin loans, according to a regulatory filing. That’s nearly double what he had pledged a year ago, as Peloton’s stock price has cratered.

It’s shaping up to be a rough Christmas — and even rougher trading session on Friday — for Amazon. Its shares plunged more than 13 percent in premarket trading, wiping $150 billion off its market capitalization, after the e-commerce giant forecast its slowest holiday sales growth in years.

Amazon reported disappointing results, too. Sales were up, but all of the company’s profits came from Amazon Web Services, its cloud computing division. The rest of the company, including its core retailing operations, lost nearly $3 billion in the quarter.

It’s been a brutal week for Big Tech….

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