TWITTER TAKEOVER
Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge
U.S. District Judge Charles Breyer in San Francisco also denied Musk's motion to decertify the class of investors, and granted the investors' motion for prejudgment interest. The judge did, however, find Musk not liable for one of his challenged tweets.
SEC tries to force Elon Musk to testify in Twitter takeover probe
Elon Musk, the world's richest man, is being sued by the U.S. Securities and Exchange Commission (SEC) over his $44 billion takeover of Twitter. The SEC is investigating whether Musk violated federal securities laws in 2022 when he purchased stock in Twitter and made statements related to the deal.
Two weeks of chaos: inside Elon Musk's takeover of Twitter
The order for immediate layoffs, the ensuing panic and the about-face reflect the chaos that has engulfed Twitter since Musk took over the company two weeks ago.
Elon Musk closes $44 billion Twitter Deal, ending monthslong saga
Shareholders will be paid $54.20 per share, and Twitter will now operate as a private company. The completion caps a convoluted saga that began in January with the billionaire’s quiet accumulation of a major stake in the company, his growing exasperation with how it’s run and an eventual merger accord that he later spent months trying to unravel.
Elon Musk offered to buy Twitter at a lower price in recent talks
Musk sought a discount of as much as 30%, three of the people said, a proposal that would have valued the company at roughly $31 billion. Twitter rebuffed the proposal, said the people, who requested anonymity because the talks were confidential. In the past week, however, discussions narrowed to a discount of about 10%, which would have allowed Musk to pay about $39.6 billion for Twitter.
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90% of comments on my Twitter account are bots: Elon Musk
Elon Musk has terminated the $44 billion Twitter takeover deal, and the matter is now in a US court, over the presence of bots on the platform, and seeks answers from Agrawal via an open debate.
Twitter rejects Elon Musk's claims that he was hoodwinked
Twitter's filing is the latest salvo in what is building up to be an increasingly acrimonious legal showdown between the world's richest person and the social media giant.
Elon Musk's Twitter countersuit due by Friday as acrimony grows
The presiding judge, Chancellor Kathleen McCormick of Delaware Chancery Court, ruled on Wednesday that Elon Musk's countersuit shall be made public by the afternoon of Aug. 5, two days later than Musk wanted.
Judge sets October trial for Elon Musk-Twitter takeover dispute
Twitter is trying to force the billionaire to make good on his April promise to buy the social media giant for $44 billion — and the company wants it to happen quickly because it says the ongoing dispute is harming its business.
Twitter says it is not planning big layoffs
Twitter employees have expressed widespread concern about Musk taking over the company because of his preferences for cutting headcount and other costs, decreasing content moderation and limiting remote work.
Elon Musk expected to confirm desire to own Twitter in meeting Thursday
The head of electric car maker Tesla Inc is likely to clarify recent comments about remote work and talk about his strategy for Twitter, including the role of advertising and subscriptions
Elon Musk's Twitter deal is proceeding, not 'on hold,' executives tell staff
Executives addressed a number of questions about the transaction, including whether Twitter would try and legally force Musk to buy the company based on his agreement.
Twitter loses three more senior employees ahead of Elon Musk’s takeover
Ilya Brown, a VP of product management; Katrina Lane, VP of Twitter Service; and Max Schmeiser, head of data science, are all leaving the company
Twitter board plans to enforce Elon Musk's $44 billion acquisition agreement
The Twitter board's move comes as Elon Musk appears to be renegotiating the $44 billion deal. Musk suggested on Monday that he could seek a lower price for Twitter Inc, saying that there could be at least four times more fake accounts than what the company has said.
Elon Musk says Twitter has to show spam accounts less than 5% for deal to move forward
Earlier, Musk suggested that he could seek a lower price for Twitter Inc, saying that there could be at least four times more fake accounts than what the company has said.
Why Twitter has ignored Elon Musk's 'trolling'
Twitter has not taken any legal action against Elon Musk over what it sees as his "trolling" of the deal, and plans to do so only if he does not carry out the tasks needed to complete the transaction, people familiar with the matter said
Elon Musk says $44-billion Twitter deal on hold
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," he said in a tweet.
How Twitter may actually end up serving public interest in a radical manner
A market for privacy will most likely lead to some measure of privacy inequality in the short term. But it'll make valuable privacy safeguards available for a small fee in the end.
Investors fret over potential Elon Musk U-turn in $44 billion Twitter buyout
Traders fretted that Musk may not have enough money sitting around to fund his $21 billion cash contribution and could decide against selling some of his Tesla Inc shares to come up with it.
Jack Dorsey to take home nearly $1 billion once Elon Musk's Twitter deal closes
Dorsey holds 2.4% or a little over 18 million shares in the company and after once the $44 billion deal is closed, his Twitter shocks will be converted into cash, reports The Warp.
Twitter employees take to Twitter to debate Elon Musk takeover
There have been a wave of sarcastic tweets and memes from employees on the offer, prompted by the fact that Musk's companies Tesla and SpaceX have been called out in the past for their alleged discriminatory and abusive work culture and an uncertainty with respect to the management changes that his leadership would bring to Twitter.
From weed joke to agreed deal: Inside Elon Musk's $44 billion Twitter buyout
Elon Musk had said he did not care about the economics of the deal "at all" and was pursuing Twitter to advance free speech, disillusioned by many of its platform moderation decisions.
Twitter takeover was brash and fast, with Elon Musk calling the shots
From the moment he disclosed his roughly 9% stake in Twitter on April 4, Musk was seen as a potential adversary to Twitter’s board, employees and many of its users.
Twitter under Elon Musk will be a scary place
Musk's reasons for taking control of Twitter aren't about free speech; it's about controlling a megaphone. With his legion of fans, Musk will command a gigantic megaphone and be free to plug his own investments, pooh-pooh sound health regulations and shout down critics.
House Republicans ask Twitter board to retain records tied to Elon Musk offer
The order to save records strongly suggests Jim Jordan plans to probe Twitter if the Musk offer is rejected and Republicans take back the House in midterm elections in November. The letter did not indicate that an investigation was forthcoming.
Why everyone wants to buy Twitter
Twitter's conundrum is that it's widely known but not that widely used, financially successful but not wildly so, sometimes competently managed but also chaotic, and influential in a way that is exciting but also terrifying.
Elon Musk tweets cryptic phrase days after Twitter takeover offer
The billionaire, who is Twitter's second-biggest shareholder, is planning to launch a tender offer in about 10 days and has tapped Morgan Stanley to raise another $10 billion in debt
What Elon Musk's hostile takeover bid for Twitter really means
Musk may succeed, or not. But the ongoing uproar is certainly further proof that those who shout their liberalism from their rooftops or armchairs 24x7 are hardly liberal. What they are actually fighting for is their right to censor opinions they don't like. Musk threatens their secure proscriptive club and their power to 'cancel' people and views.
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