Tech Roundup: Elon Musk's Twitter deal keeps making waves
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If you thought that the circus involving Tesla's (TSLA) Elon Musk and his acquisition of Twitter (NYSE:TWTR) was going to leave town any time soon, well, you better get used to that big top remaining up for the foreseeable future.

The Musk-Twitter (TWTR) saga grabbed more attention across the tech sector this week, beginning with speculation about just who Musk might turn to in order to run the social-media giant. And, as it turns out, Musk might be prepared to pick the person he knows the best to serve as Twitter (TWTR) chief executive--himself--at least on a temporary basis.
But, before anyone takes over as the next Twitter (TWTR) boss, Musk is solidifying his buyout efforts. Once you say something in a Securities and Exchange Commission filing, you are on the record. And this week, in an SEC filing, Musk disclosed he had lined up more than $7 billion in additional funding to acquire Twitter (TWTR), including a cool $1 billion from Oracle's (ORCL) Larry Ellison, who just happens to be on the Tesla (TSLA) board of directors.
And, after Musk completes his buyout of Twitter (TWTR), what might he do with the company? Well, one belief is that he will eventually take it public, again.
Elon Musk and Twitter (TWTR) weren't the only ones making headlines this week. Apple (NASDAQ:AAPL), for instance, found its way into the spotlight, and into investors' eyes for several reasons.
Warren Buffett has made no secret of how much he loves Apple (AAPL). And Buffett disclosed that his Berkshire Hathaway (BRK.A) (BRK.B) bought up $600 million worth of Apple (AAPL) stock during the first quarter of this year. Berkshire (BRK.A), (BRK.B) now owns a massive $159 billion worth of Apple's (AAPL) stock.
Not much has been heard lately about anything Apple (AAPL) might be doing in the electric car market. However, reports surfaced saying that Apple (AAPL) has hired Desi Ujkashevic, a 31-year-veteran of the Ford Motor Co. (F), to help boost Apple's (AAPL) electric car efforts. Needless to say, Apple (AAPL) hasn't publicly confirmed that Ujkashevic has joined the company.
Apple (AAPL), along with Microsoft (NASDAQ:MSFT), got some high marks from Wedbush analyst Dan Ives called the two tech giants his top picks among tech stocks. But, both companies, along with several other tech-sector leaders, took it on the chin with big losses resulting from a broad selloff on Wall Street due to investors' concerns about a slate of negative economic data.
Chipmaker Advanced Micro Devices (AMD) reported strong quarterly results, which led CEO Lisa Su to say the company has reached "a significant inflection point" in it ongoing business transformation.
Along with AMD's (AMD) results, as handful of industry analysts said the latest data shows strength gaining in the semiconductor market.
Investors abandoned ride-hailing giants Lyft (LYFT) and Uber (UBER) following those companies quarterly results and forecast. Lyft (LYFT) shares fell almost 30% the day after its first-quarter report, which led analysts to say the company's "80s rock star mentality" won't work for much longer.
Uber (UBER) didn't get hit as bad as Lyft (LYFT), but it still felt the ire of investors who didn't like the company's cautious outlook commentary.

Streaming TV companies proved to be active during the week, as Roku (NASDAQ:ROKU) and private equity firm Apollo Group were reportedly working on a joint bid to acquire a minority stake in premium cable-TV channel Starz.
Paramount Global (PARA) shares dropped during the week as its quarterly sales and revenue declined even though its added more subscribers to its Paramount+ streaming TV service.
FuboTV (FUBO) ended the week in the red, as its shares fell more than 20% after the streaming TV service provider reported first-quarter losses that grew from a year ago, and gave weaker-than-expected second-quarter and full-year outlooks.