The Week in Numbers: Snap goes pop
STORY: From Snap going pop, to Elon Musk getting serious, this is the Week in Numbers. First up…
Over 40% was the plunge in shares for Snapchat’s owner on Tuesday. Snap Inc tumbled after it warned it wouldn’t hit profit targets set just a month ago. The warning spooked tech stocks, with Twitter and Google-owner Alphabet among big fallers.
$6.25 billion is the additional funding Elon Musk has pledged to help his bid for Twitter. The move signaled to skeptics that the Tesla chief really is serious about the takeover. Musk had previously said he might seek to lower his $44 billion offer for the social network.
1.07 million is how many jobs Samsung expects to create over the next five years. The South Korean tech giant plans to invest $356 billion over the period, targeting next-gen technology in chips and biopharmaceuticals.
$61 billion is how much Broadcom will pay to acquire cloud computing company VMware. It’s the chipmaker’s boldest bid yet to diversify into software. It's the second-largest acquisition this year, behind only Microsoft's near-$69 billion move for game maker Activision Blizzard.
And $5.33 billion is the official price for Chelsea soccer club. U.S. billionaire Todd Boehly has been given the green light for a takeover by UK officials. Current Russian-born owner Roman Abramovich is selling up after being hit by sanctions.
