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Tesla shares inch closer to Musk's $420 take-private offer – Canada.com

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Tesla shares hit a fresh record high for the third straight session on Friday, just US$7 short of US$420


Tesla CEO Elon Musk.


Philip Pacheco/AFP via Getty Images files

Shares of Tesla Inc. hit a fresh record high for the third straight session on Friday, and were just US$7 shy from the US$420 per share price at which founder Elon Musk sought to take the electric carmaker private more than a year ago.

The recent run-up is a stunning turnaround for the shares, triggered by a rare quarterly profit in October, news of production ramp-up in its China factory and upbeat early deposits for its recently launched electric pickup truck.

The shares have climbed about 40 per cent since the earnings. At roughly US$74 billion, the company’s market capitalization tops by about US$20 billion that of the biggest U.S. automaker by production, General Motors Co, and is nearly twice that of rival Ford Motor Co.

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But the tweet in August 2018 that he had “funding secured” to take Tesla private at US$420 per share finally cost Musk and the company US$20 million in fines each by the U.S. Securities and Exchange Commision.

Wall Street remains divided, with 13 brokerages recommending “sell” or lower, and 11 rating the stock “buy” or higher. Nine have a “hold” rating.

“Given the clash between Elon Musk’s long-term goals/vision and the near-term fundamentals, Tesla stock is the ultimate sentiment pendulum,” analysts at RBC Capital Markets wrote on Friday, hiking its price target by US$70 to US$290.

RBC is the 10th brokerage to boost its price target in the last 10 days, according to Refinitiv data.

Tesla’s shares were up 2.2 per cent at US$413 on Friday, trading 46 per cent higher than Wall Street’s current median price target.

© Thomson Reuters 2019

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Nintendo's Switch Online N64 and Sega Genesis games cost $64 for 12 months in Canada – MobileSyrup

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After revealing that N64 and Sega Genesis titles were coming to its Switch Online services through an ‘Expansion Pack‘ subscription tier a few weeks ago, Nintendo has confirmed pricing and availability for the service.

An Individual Membership costs $63.99 for 12 months, while a Family Membership costs $99.99 for 12 months. The service officially launches on October 25th. This is a significant jump in subscription pricing from Switch Online’s current $24.99 yearly cost that includes NES/SNES games and cloud saves.

The additional subscription tier gives players access to retro Nintendo 64 and Sega Genesis titles. For example, Mario Kart 64, The Legend of Zelda Ocarina of Time, Mario Tennis, Super Mario 64 and more are coming to the N64 catalogue. Nintendo has confirmed that games like Banjo-Kazooie, Pokémon Snap, The Legend of Zelda: Majora’s Mask and Paper Mario are coming in the future.

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On the Genesis side, notable titles like Shinobi III, Streets of Rage 2, Sonic the Hedgehog 2, Golden Axe, Eco the Dolphin and more are coming to the platform.

While expensive, this moves the cost of Switch Online more in line with Xbox Live Gold and PlayStation Plus.

During its presentation today, Nintendo also confirmed that the Expansion Pack cost includes Animal Crossing: New Horizons‘ upcoming DLC, Happy Home Paradise.

In other Switch-related news, Nintendo’s N64 and Genesis gamepads are now available to order in Canada for $64.99 each.

Image credit: Nintendo

Source: Nintendo 

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Animal Crossing: Pocket Camp will have a New Horizons update themed event, features Lottie from Happy Home Paradise DLC – Nintendo Wire

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It has been a big day for Animal Crossing fans! Today’s Animal Crossing: New Horizons Direct showed off what’s coming to the Nintendo Switch title next month, as well as the announcement of paid DLC, details on the next series of amiibo cards, and more. Not everything made it into the presentation, as noted by the official Japanese Nintendo site. Animal Crossing: Pocket Camp, the mobile Animal Crossing game, is joining in with an event to celebrate the new update. Lottie from Paradise Planning is ready to party too!

So far we know that the event login bonus will be your new work uniform from Animal Crossing: New Horizons – Happy Home Paradise (the paid DLC). Nintendo is also teasing that we might see new Villagers roaming around the campgrounds (possibly the “new” Villagers being added to New Horizons)! This lines up with the first New Horizons-focused event that Pocket Camp had way back in March 2020. Lottie’s integration hasn’t been clarified yet – as the monthly event representative at your campsite or as a purchasable NPC via Leaf Tickets. At least, given the render, we know she’ll be included somehow. 

Expect more details from the official Animal Crossing: Pocket Camp Twitter account later this month as we quickly approach Thursday, October 28th.

Written by Jennifer Burch

Illustrator, designer, writer and big Nintendo geek, you can find Jennifer with an N3DS within reach 24/7. As the oldest of three, she has survived many Mario Party, Super Smash Bros. and Mario Kart sessions intact in addition to getting her brothers hooked on some really weird games. (Cubivore anyone?)

Jennifer Burch

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Amazon-owned Twitch says source code exposed in last week's data breach – Reuters

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A twitch sign-in screen is seen at the offices of Twitch Interactive Inc, a social video platform and gaming community owned by Amazon, in San Francisco, California, U.S., March 6, 2017. REUTERS/Elijah Nouvelage

Oct 15 (Reuters) – Amazon.com Inc-owned (AMZN.O) Twitch said on Friday that last week’s data breach at the live streaming e-sports platform contained documents from its source code.

Passwords, login credentials, full credit card numbers and bank details of users were not accessed or exposed in the breach, Twitch said in a statement.

The platform, which is used by video gamers for interacting with users while live streaming content, had blamed the breach on an error in the server configuration change.

Server configuration changes are performed during server maintenance. A faulty configuration can expose the data stored in the servers to unauthorized access.

Twitch said it was “confident” the incident affected only a small number of users and that it was contacting those who had been directly impacted. The platform has more than 30 million average daily visitors.

Video Games Chronicle had reported that about 125 gigabytes of data was leaked in the breach, including details on Twitch’s highest-paid video game streamers since 2019.

Reporting by Chavi Mehta and Eva Mathews in Bengaluru; Editing by Aditya Soni

Our Standards: The Thomson Reuters Trust Principles.

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