Share to Twitter Share to Linkedin Elon Musk’s irate tweet calling a little-known British rescue diver “pedo guy” can be described as many things — juvenile, rude, out of line maybe — but it’s not defamation, a California jury of three men and five women declared Friday. According to the ruling which followed the four-day trial , Musk is not liable for damages. “My faith in humanity is restored,” Musk told reporters as he left the courtroom. The suit, which Musk characterized as a “shakedown” on Wednesday, sought unspecified damages. Forbes estimates his net worth to be $23.7 billion , as of December 3, 2019. The billionaire tech entrepreneur spent nearly four hours on the stand in U.S. District Court in Los Angeles Wednesday, holding fast to his conceit that “pedo guy,” his description of Vernon Unsworth, the diver and cave expert involved in the 2018 rescue of a junior soccer team trapped in a Thailand cave system, is not synonymous with “child … [Read more...] about Elon Musk’s ‘Pedo Guy’ Tweet Isn’t Defamation, Jury Rules
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Share to Twitter Share to Linkedin Note: Ralph Lauren’s FY’22 ended on April 2, 2022 Ralph Lauren (NYSE: RL) , a company engaged in the design, marketing, and distribution of premium lifestyle products, including apparel, accessories, fragrances, and home furnishings, is scheduled to report its fiscal third-quarter results on Thursday, February 9. We expect Ralph Lauren stock to likely trade lower with both revenues and earnings missing expectations marginally. We expect soaring inflation and increasing manufacturing and transport costs to continue to negatively impact the company’s bottom line in Q3. That said, almost 40% of Ralph Lauren’s production takes place in China and Vietnam – which could lead to costs rising over the coming quarters as well. But still, Ralph Lauren backed guidance for high single-digit growth in FY’23 from the prior year despite a whopping 730 basis point negative impact from currency fluctuations. The gross margin is … [Read more...] about Will Ralph Lauren Stock Trade Lower Post Fiscal Q3?