May 1, 2018

Steve Ballmer sells Twitter stake: "The price looked pretty good"

Steve Ballmer (R) attends a basketball game. Photo: Allen Berezovsky/Getty Images

Steve Ballmer, former CEO of Microsoft and current owner of the Los Angeles Clippers, told Bloomberg TV that he sold his stake in Twitter because "[t]he price looked pretty good," and being an investor was "probably not for [him]."

The big picture: Despite the drama surrounding social media giants in the last few months, Twitter shares "have more than doubled over the past two years," Bloomberg reports. Ballmer, who acquired a 4% stake in the company in 2015, per Bloomberg, told CNBC: "I think Twitter will succeed and it will move forward, but I simplified my life and I got out at a very nice price."

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Coronavirus spreads to more countries, and South Korea ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. South Korea's confirmed cases jumped from 204 on Friday to 433 on Saturday.

The big picture: COVID-19 has now killed at least 2,362 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 52 mins ago - Health

Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

Bernie Sanders rallies in Las Vegas, Nevada on Feb. 21. Photo: Mario Tama/Getty Images

Center-left think tank Third Way urgently called on the Democratic front-runners of the 2020 presidential election to challenge Sen. Bernie Sanders on the South Carolina debate stage on Feb. 25, in a memo provided to Axios' Mike Allen on Saturday.

What they're saying: "At the Las Vegas debate ... you declined to really challenge Senator Sanders. If you repeat this strategy at the South Carolina debate this week, you could hand the nomination to Sanders, likely dooming the Democratic Party — and the nation — to Trump and sweeping down-ballot Republican victories in November."

Situational awareness

Warren Buffett. Photo: Daniel Zuchnik/WireImage

Catch up on today's biggest news:

  1. Warren Buffett releases annual letter, reassures investors about future of Berkshire Hathaway
  2. Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins
  3. Reports: Facebook offers up to $5 for voice recordings
  4. America's future looks a lot like Nevada
  5. Greyhound bars immigration sweeps