Diamonds and Dogs

6/6/22

Amazon (AMZN) pops on a 20-for 1 stock split. The e-commerce giant has bounced 20% in the last two weeks heading into this stock split. This is the fourth time Amazon has split its stock since going public in 1997. The move does not change the value of the stock or the company's market capitalization at the time of the split.

Tesla CEO Elon Musk is raising another obstacle in his $44 billion bid to buy Twitter (TWTR). Twitter is down 2% on news Musk's counsel said Twitter has not coughed up adequate data on the company's users, committing a "clear material breach" of the company's obligations as part of its merger agreement. The stock is down 20% since Musk made the offer. Looks like Twitter and Elon Musk are heading to court.  

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