What happened last week? Elon Musk moved markets, Jeff Bezos announced his departure, and the Obamas said they were making new content for Netflix.
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Kevin Shalvey
Feb 7, 2021, 21:18 IST
Elon Musk and Jeff Bezos.John Locher/AP and Odd Andersen/AFP via Getty Images
What happened last week? Elon Musk moved markets with his tweets.
Jeff Bezos announced he was stepping down as Amazon CEO.
Netflix and the Obamas announced new projects.
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What happened last week?
Elon Musk moved markets with his tweets
In the days after Tesla CEO Elon Musk told his 44.8 million Twitter followers that he was stepping away from the platform "for a while," he posted a series of tweets that moved markets.
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In the following days, Musk tweeted about Dogecoin, sending the cryptocurrency up 50%. Late Saturday, he posted about Dogecoin again, pushing it to another new all-time high.
His "Gamestonk!" tweet in late January had reportedly made millions for GameStop investors, including a hedge fund that made $700 million on the stock.
Amazon Web Services CEO Andy Jassy was tapped to replace Bezos, who will take on a new role as executive chairman.
The Obamas and Netflix announced new projects
Netflix announced new projects from Barack and Michele Obama's Higher Ground productions, including an adaptation of "Exit West," the bestselling novel from Mohsin Hamid.
The chain had more than 2,300 stores in China when it filed for a US-listed IPO in April 2019, but was found by the US Securities and Exchange Commission to have "intentionally fabricated" more than $300 million in retail sales. The company's US stock was delisted from the Nasdaq exchange last summer.
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