Tech bro vs tech bro

Author

Jay Lutz
June 22, 2023

Sponsored by Trillion Energy

Battle of the billionaires

There are things in life that we do not ask for yet we want to see when we first hear the idea. Case in point: there could potentially be a physical competition between non-athletes Meta Platforms (Nasdaq: META) CEO Mark Zuckerberg and Twitter chief Elon Musk.

In what seems to be a missing episode from your favorite wrestling promotion, Musk said he is up for a cage match against Zuckerberg if the latter is up for the challenge.

“I’m up for a cage match if he is lol,” Musk tweeted to a Twitter user who quipped that Zuckerberg practices the martial art jiu-jitsu.

You can read more on the matter here.

Trillion Energy is focused on natural gas production for Europe and Turkey with natural gas assets in Turkiye. The company is 49% owner of the SASB natural gas field, one of the Black Sea’s first natural gas development projects; and holds a 19.6% (except three wells with 9.8%) interest in the Cendere oil field onshore in Turkiye.

What’s going on?

  • Shares of UK online supermarket Ocado soar on talk of Amazon bid interest (Reuters)

  • FTC Sues Amazon for Deceptive Prime Practices, Cancellation is so Hard it’s Called “Iliad” (theDeepDive)

  • Bank of England hikes rates to 5% in surprise move (Reuters)

  • CIBC Grapples with Regulatory Breaches in Mortgage Portfolio (theDeepDive)

  • Battle of billionaires: Musk's Starlink eyes India, Ambani resists (Reuters)

  • Canada Bread Fined $50 Million for Inflating Bread Prices, Loblaws Receives Immunity (theDeepDive)

  • Ford Gets $9.2 Billion to Help US Catch Up With China’s EV Dominance (Bloomberg)

  • New Home Prices Slump 0.6% as High Interest Rates Bite (theDeepDive)

The Missing Titan Submersible

The stock market and stuff

  • Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022 (Bloomberg)

  • Diamond prices have fallen 18% from their peak — and analysts say there’s still more room to plunge (Bloomberg)

  • Confirmed: DCG Missed $630-Million Debt Payment, According To Court Filing (theDeepDive)

  • Shiba Inu Introduces ‘Shibacals’ to Link NFTs to Real-World Items; SHIB Jumps (Coindesk)

In the juniors

  • Trillion Energy Recompletes West Akcakoca-1 To Increase Production To 5.3 MMcf/d (theDeepDive)

  • Robinhood to acquire X1, adding credit card to its product lineup (SeekingAlpha)

  • Canada Nickel Sees Nickel Recoveries As High As 84% At Texmont (theDeepDive)

FULL DISCLOSURE: Trillion Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Trillion Energy. The author has been compensated to cover Trillion Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.