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On November 13th, JPMorgan Chase stated that China Resources Land (01109.HK)s placement of approximately 2.2% of China Resources Mixc Lifestyle (01209.HK) shares at a discount of approximately 9.6% primarily excludes liquidity pressure, as the proceeds of approximately HK$2.1 billion are relatively small and will have little impact on the groups net debt ratio. The bank believes the main purpose of the placement is to increase the liquidity of China Resources Mixc Lifestyle shares, as the issue of insufficient share liquidity was discussed at a previous investor meeting held by the group. Coincidentally, the proceeds of approximately HK$2.1 billion from this placement are similar in size to the potential disposal gains. Therefore, the placement may reduce the downside risk of dividends. However, next year, China Resources Lands dividend income from China Resources Mixc Lifestyle will decrease by approximately RMB 97 million. The bank currently gives China Resources Land a target price of HK$35 and China Resources Mixc Lifestyle a target price of HK$44.5, both with an "Overweight" rating.November 13th, Futures News: Economies.com analysts latest view: Spot gold prices retreated during the previous trading day, indicating profit-taking after a strong rally. Currently, gold prices are attempting to accumulate new upward momentum to support further gains. This pullback occurred after breaking through the key resistance level of $4155, which was our previously anticipated main target, demonstrating that the bullish trend remains dominant in the short term.November 13th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices declined further in the previous trading session, failing to hold the technical support level represented by the EMA50 moving average, putting them under greater downward pressure and pushing prices below the short-term bullish corrective trendline. This technical break below the EMA has caused WTI crude oil futures to lose upward momentum, canceling any attempt to resume the upward trend and further reinforcing the current dominance of the downtrend.November 13th, Futures.com analysts latest view: Brent crude oil futures closed sharply lower in the latest intraday trading, mainly due to negative pressure from prices trading below the EMA50 moving average, although the overall bullish trend still dominates in the short term. The price broke below the key support level of $62.75, further exacerbating the downward pressure. On the other hand, we note a positive confluence signal on the Relative Strength Index (RSI), indicating that prices have entered oversold territory, which may mitigate further declines to some extent.The Russian Ministry of Defense stated that it shot down 130 Ukrainian drones last night.

Elon Musk Modifies Twitter's Voting Policy Following His Resignation

Charlie Brooks

Dec 20, 2022 11:19

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Elon Musk announced on Tuesday that only Twitter Blue subscribers will be entitled to vote on future platform policy issues, just after an overwhelming majority of users voted for his removal as CEO.


Musk agreed with a tweet recommending he implement such a vote mechanism and stated, "Twitter will make this adjustment."


The action comes only one day after roughly 58% of 17.5 million users voted "Yes" to Musk's poll on whether he should resign as the social media platform's leader. Musk stated that he will "abide" by the poll's results.


The chief executive officer of Tesla Inc (NASDAQ:TSLA), which acquired Twitter earlier this year, has stated that all significant policy decisions for the social media site will be determined by public vote. The prospective restriction of voting in these polls to only verified users will undoubtedly lower participation.


It also provides a greater incentive to subscribe to Twitter's recently reopened verification program, following a catastrophic deployment in November that led to an increase in impersonators and false accounts on the social media network.


The Twitter Blue subscription service provides users with a blue check on their profile and a number of additional capabilities, such as the ability to edit tweets. Blue users' Block and Mute acts will be incorporated into the platform as downvotes.


Musk's purchase of Twitter sparked further controversy after the site terminated the accounts of numerous notable journalists who were believed to be critical of the Tesla CEO. The website had also suspended accounts that tracked the real-time positions of public personalities, most notably an account that followed Musk's private jet.


Twitter reinstated the journalist accounts following widespread reaction to their removal. The site also reinstated the accounts that tracked Musk's real-time movements after a series of surveys conducted by Musk revealed overwhelming user support for their reinstatement.


Allegations that the Tesla CEO is neglecting his duties at the electric vehicle manufacturer have infuriated shareholders. Musk was also criticized for selling nearly $3 billion in Tesla shares last week, despite repeated pledges that he would not do so.