David Canellis, The Next Web

David Canellis

The Next Web

Amsterdam, NH, Netherlands

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Recent articles by David:

Elon Musk just earned $780 million from Tesla — but there’s a catch

The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out. → Read More

Bitcoin vs. NASDAQ 100: Watch them thrive during the pandemic

The irony is that serious traders would deem Bitcoin almost entirely worthless if it were a legal entity required to submit documents to the SEC. → Read More

World’s top companies, including Apple, borrowed $1 trillion in just five months

Borrowing a trillion dollars has rarely been cheaper for the world's biggest companies, and the likes of Oracle, Apple, and Boeing are taking advantage. → Read More

A look at the $17 billion stock portfolio of the Bill and Melinda Gates Foundation

The Bill and Melinda Gates Foundation has made big Wall Street bets on US tech — pouring hundreds of millions of dollars into Apple, Twitter, and Amazon. → Read More

US tech execs have dumped $3.6 billion in company stock this month

Stock markets are floundering in the wake of the coronavirus (COVID-19) pandemic, and while many are stuck assessing its long-term effects — loads of tech executives have dumped their shares for major profit. In fact, insiders at US tech companies — from fintech to cloud services — collectively unloaded more than $3.6 billion worth of company shares since May 1, […] → Read More

Bezos and Zuckerberg worth $60B more in two months, thanks to COVID-19

We’re nearly six months deep into the coronavirus (COVID-19) pandemic and our billionaire nerds are still doing better than ever. It’s true. Jeff Bezos, Mark Zuckerberg, and Steve Ballmer (of Amazon, Facebook, and Microsoft respectively) are balling out of control. Since mid-March, they’ve each earned more cheddar than any other billionaire (tech or otherwise) in the US. […] → Read More

Satoshi Nakamoto, is that you? Bitcoin mined in 2009 moves for the first time

A chunk of Bitcoin has just moved for the first time since it was mined way back in 2009, causing some to speculate that Satoshi Nakamoto has returned. The shift was detected by Twitter-based blockchain monitor @whale_alert, which confirmed that the 40 BTC featured in the transaction were mined in the first month of Bitcoin‘s […] → Read More

Judge rules Musk’s ‘Tesla stock too high imo’ tweet troublesome, but not enough to sue

Remember when Tesla shares tanked by 10% moments after its CEO Elon Musk tweeted: “Tesla stock price is too high imo”? Turns out it was the “final straw” for a group of Tesla shareholders, who’ve used the fiasco as leverage in a potential lawsuit that seeks to stop the enigmatic billionaire from tweeting any information at all […] → Read More

World’s top investors bullish on gold as hyperinflation looms — not Bitcoin

Bottomless stimulus packages and the threat of endless money printing has some of the world’s leading investors seeking shelter from inflation — but they’re choosing gold over Bitcoin. “Gold is the only escape from global monetising,” wrote famed fund manager Crispin Odey in a recent letter cited by Bloomberg. “In the short term, the money will be made […] → Read More

The Bitcoin Halving is imminent — here’s why it happens every 4 years

Bitcoin is nearing one of its most important milestones: The Halving (or Halvening), an automated event that cuts the monetary reward for mining BTC by 50%. Depending on who you believe, Halvings either cause Bitcoin‘s price to skyrocket, its hash rate to crash, or simply exist as a relatively boring exercise in economic theory. [Read: Gambling […] → Read More

Amazon and Microsoft won’t stop beefing over the Pentagon’s $10B ‘war cloud’

If the saga of the US gov's $10 billion 'war cloud' hadn't already devolved into a soap opera, the latest exchange between Microsoft and Amazon proves it. → Read More

PayPal stock at all-time high after payments surge during coronavirus lockdowns

Despite attracting 7.4 million new accounts last quarter, PayPal proved its not immune to the effects of COVID-19 by falling short of earnings expectations. → Read More

Reddit’s greediest traders debate shorting Tesla ahead of Musk’s Joe Rogan interview

Stock traders aren't sure what to do now that Elon Musk paid another visit to the wildly popular Joe Rogan Experience podcast. → Read More

Gambling on Bitcoin with Trump’s $1,200 corona check was a good bet

'Investing' with the US gov's stimulus cash isn't advisable, but a brand-new Twitter account tracks the value of Bitcoin bought with Trump's $1,200 check. → Read More

Elon Musk’s luxury houses listed for sale days after ‘own no home’ tweet

Elon Musk isn’t messing about: It appears the maverick billionaire is actually selling at least two of his luxury California homes. Listings for two multi-million-dollar houses reported to be owned by Musk recently appeared on real estate website Zillow. [Read: Elon Musk bought $45M in Tesla stock since ‘that weed joke’ — now it’s worth double] […] → Read More

Tesla stock crashes after Elon Musk tweets: ‘Tesla stock too high imo’

Tesla‘s stock price crashed Friday morning after the company’s maverick billionaire founder Elon Musk tweeted that he believed its price was too high. Tesla stock price is too high imo — Elon Musk (@elonmusk) May 1, 2020 Tesla stock opened at $755 on Friday morning, and by 11:20 ET had suddenly fallen by more than […] → Read More

Elon Musk and Bezos compete to help NASA return humans to the moon

NASA has formally recruited tech billionaires Elon Musk and Jeff Bezos to return humans to the Moon by 2024. The independent space agency revealed on Thursday it had awarded $967 million in deals to three US companies in relation to its Artemis project: Musk‘s SpaceX, Bezos’ Blue Origin, and IT firm Dynetics. The three firms will […] → Read More

Microsoft stock pumps after it sees two years of digital transformation in two months

Microsoft just dropped its earnings for the first quarter of 2020 and — as one might expect — worldwide coronavirus lockdowns were great for its bottom line. The Redmond tech giant posted $35 billion revenue and $10.8 billion net income in Q1, up 15% and 22% respectively when compared with the corresponding period last year. [Read: Microsoft reportedly […] → Read More

Amazon spent $10 million on blacklisted surveillance tech from China

Trump's White House blacklisted Dahua last year after authorities implicated the firm in human rights abuses against Muslim minorities. → Read More

Here’s what Elon Musk needs to get his $750M payday from Tesla

Elon Musk is close to a groin-thumping $750 million payoff now that Tesla stock has recovered much of its value lost since the coronavirus (COVID-19) pandemic began, Reuters reports. Tesla stock rose more than 10% after the company teased the re-opening of its Fremont, California car plant as early as this Wednesday this week. [Read: Elon […] → Read More