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Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

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Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

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Big news today

Tesla's market value evaporated by more than $125 billion overnight

According to the Wall Street Journal, just a day after Musk struck a privatization deal with Twitter, Tesla's stock price on Tuesday recorded its biggest one-day decline since September 2020 .

Plunging more than 12 percent, Tesla's market value evaporated by more than $125 billion.

Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

Tesla's plunge also weighed on the entire U.S. stock market, and it contributed more to Tuesday's decline in the S&P 500 than any other constituent.

Since Musk used Tesla stock to mortgage his transaction with Twitter, such a large drop in the stock price also had an impact on the loan.

Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

In addition, Twitter shares closed at $49.68 on Tuesday, 8 percent lower than the $54.20 privatization price Musk gave. The appearance of this spread indicates that investors are worried that the transaction will not be finally realized.

Wall Street investors sued Ma for falling Ali's stock price

On April 22, four U.S. investors abruptly escalated their lawsuit against Alibaba and listed Ma as a new target.

Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

The reason for the lawsuit is that Ali's stock price has plummeted, resulting in damage to investment interests.

Last year, U.S. stock investors used this as an excuse to file a class action lawsuit against Alibaba in the U.S. District Court for the Southern District of New York.

Ma Yun completely stepped down from Ali's position in October 2020.

Since March this year, the SEC has announced five batches of "pre-delisting lists" of Chinese stocks, involving 40 Chinese companies.

U.S. financial giant JPMorgan Chase is also behind, it downgraded 28 Chinese stocks to hit the valuation of Chinese stocks.

Huawei Hu Houkun: For the first time, the 5.5G industry vision was put forward in the field of fixed networks

On April 26, Houkun Hu, Huawei's Rotating Chairman, delivered a keynote speech on "Continuous Innovation, Building a Green and Intelligent World" at the Global Developers Conference.

Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

Hu Houkun said that because Huawei has been unfairly suppressed and sanctioned by the United States, the current company is more concerned about finding a breakthrough point in system innovation.

Speaking of specific strategic initiatives, Hu Houkun said that Huawei will continue to strengthen these three directions:

First, continuous innovation in the field of connectivity. Two years ago, Huawei was the first to propose 5.5G in the wireless field; this time, Huawei also proposed the F5.5G industry vision for the first time in the fixed network field, with the goal of increasing bandwidth, coverage and experience by more than 10 times.

Second, deeply cultivate digitalization and create value for customers. By improving the product and product portfolio, we can adapt to different industry scenarios, and at the same time, do a good job of pre-integration and pre-verification of products in advance.

Third, digital technology enables low-carbon development. Introduce AI, cloud and other capabilities to change the technical route of the photovoltaic industry and accelerate the development of renewable energy. With wireless sites and data centers as the starting point, we use system-level low-carbon solutions to create a green ICT infrastructure.

Ding Lei stepped down as a director of NetEase Media

According to the enterprise investigation APP, on April 25, Beijing NetEase Media Co., Ltd. underwent industrial and commercial changes, and Ding Lei stepped down as the legal representative, general manager and director.

Li Li, CEO of NetEase Media, served as the legal representative and was adjusted from supervisor to manager and executive director.

Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

NetEase insiders said that this is a normal industrial and commercial change.

According to the information shown by the enterprise investigation, in the past 3 years, 11 founders and high-level torrents of Internet manufacturers have retreated.

Including Jack Ma, who has gradually retreated behind Alibaba since 2013, Followed by JD.com founder Liu Qiangdong, and Pinduoduo founder Huang Zheng.

Douban opened real-name registration

According to AI Finance and Economics, Douban recently updated its personal information protection policy.

The new policy stipulates that users need to register with a real-name system, and they need to provide ID card numbers and face information.

In addition, when registering, Hong Kong, Macao and Taiwan residents, they are required to submit a photo of them holding a valid identity document such as the Mainland Travel Permit for Hong Kong and Macao Residents or the Mainland Travel Permit for Taiwan Residents.

Douban said that in order to verify the ID card information, face authentication is required for matching, but the platform does not store face information.

From January to November 2021, the Cyberspace Administration of China instructed the Beijing Municipal Internet Information Office to impose 20 penalties on Douban

In addition, since 2021, Douban has become the focus of the "Rice Circle • Qinglang" action, deleting tens of thousands of illegal information, dissolving or shutting down multiple problem groups, and banning and deactivating multiple illegal accounts.

Douban's move completely bid farewell to the era of encouraging private groups and private discussions. It is conducive to reducing network chaos such as impersonating parties to hot events, maliciously creating rumors, and rubbing traffic.

Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

Buffett's last auction for a charity lunch started at $25,000

"The world's most expensive lunch will be auctioned off again."

According to the Associated Press, Buffett, a 91-year-old stock god, will auction off a private charity lunch for the last time to raise money for a Homeless Charity in California.

Tesla's plunging market value evaporated hundreds of billions of dollars overnight, and Ma Yun was sued by US stock investors

The week-long auction will begin on eBay on June 12 with a starting price of $25,000.

The winner will be able to invite 7 people to lunch with Buffett at the Smith & Wollensky Steakhouse in New York.

The only topic that can't be talked about at the luncheon is what Buffett might invest in next.

Since the start of the Buffett Charity Lunch, 4 Chinese have won the bid. They are Duan Yongping, founder of BBK, Zhao Danyang, "godfather of private equity", Zhu Ye, chairman of Tianshen Entertainment, and Sun Yuchen, founder of Tron.

(Among them, Sun Yuchen released Buffett pigeons on the grounds of "sudden kidney stones"...) )

It is also worth mentioning that at that time, Duan Yongping brought a 26-year-old young man to buffett's luncheon, and this person was the founder of Pinduoduo: Huang Zheng.

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