Hot Minute News: Musk, Porsche and Kim Kardashian

Catch up with what happened in the news this week with Elon Musk back at it with Twitter, Porsche's IPO and Kim Kardashian's crypto catastrophe.

In a shock U-turn, Elon Musk wants to buy Twitter again.

So, what made him change his mind, and what does this mean for Twitter?

Find out as we cover the 3 biggest stories of the week.

  • At number three, Shares in Porsche dropped below their original listing price on Monday, the third day of trading since its highly anticipated IPO. While Porsche’s shares were down, they are doing well compared with much bigger drops in the wider market. 

  • At number two, Kim Kardashian has agreed to pay a $1.3M fine after she promoted cryptocurrency EthereumMax on Instagram. Why? She failed to mention that she’d been paid a massive $250k for the post. With more celebs jumping on the crypto promo bandwagon, regulators seem to be cracking down. 

  • And at number one, Elon Musk is now going to buy Twitter again, for his original offer of $54.20 a share. He’s confirmed he’ll move forward with the $44bn deal, as long as Twitter drops its legal case against him. Twitter shares surged 22% on the news. 

That's all for today! Download the Shares app and keep up-to-date on all the news by following our socials 👇

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Meet the authors

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James Ashoo

Senior Content Writer

James has been investing for over five years. His aim is to explain the hard stuff, easily! When he's not chewing your ear off about stocks and crypto, he'll most likely be telling bad jokes.

Harjas Singh

Harjas Singh

Chief Product Officer & Co-Founder

With a wealth of experience in fintech, Harjas is the man in the know when it comes to all things product. Investing features, chatting capabilities and thriving communities – he oversees all development on the Shares app!

Harry Harrison

Harry Harrison

Finance Writer

Harry is an experienced business writer, with a love for all things tech. In his free time, he enjoys reading, playing sport and winning at chess. He also loves posting inside the Shares app!