MUSK TWITTER DEAL
Could Binance’s $6.3 billion hack trigger a crisis across crypto’s billionaire network as CZ turns to Elon Musk for support?
Binance's significant security breach has led to a public dispute between Changpeng Zhao and Elon Musk. Zhao is seeking Musk's support while trying to reassure Binance customers that their funds remain secure. The incident highlights Binance's investments in Musk's businesses, specifically with SpaceX. Binance aims to recover affected assets and restore normal operations following this crisis. Meanwhile, the situation has attracted the attention of cybersecurity investigators and cryptocurrency traders.
'Om Feminist Evictoraya Namah': Bengaluru men perform puja for Elon Musk, hail him as 'destroyer of Wokashura' in viral video sparking debate
A video showing a group of men in Bengaluru performing a puja for Tesla CEO Elon Musk has gone viral on social media. Associated with the Save India Family Foundation (SIFF), the participants were seen offering agarbatti to Musk’s photograph and chanting mantras, calling him the “evictor of feminists” and the destroyer of “Wokashura”. The gathering comes amid attention around Musk’s takeover of Twitter and the subsequent workforce cuts.
Elon Musk says 'Instagram is for girls', sparks online reactions
Recently, an X user Geiger Capital shared that he had deleted his Instagram account, describing the platform as an app "made for women". This post caught Musk's attention as he responded to it, saying, "Instagram is for girls."
Musk’s $60 billion Cursor bet has an Indian link: Meet 26-year-old Aman Sanger caught in Sam Altman feud
Aman Sanger, the 26-year-old co-founder of AI coding startup Cursor, is at the centre of Elon Musk’s $60 billion SpaceX acquisition. Born to Indian immigrant parents, Sanger’s family has IIT Bombay and Wall Street connections. The deal has also intensified tensions between Musk and OpenAI CEO Sam Altman after OpenAI ended its Cursor relationship.
OpenAI to end agreement with SpaceX's AI coding tool Cursor, deepening Musk-Altman clash
OpenAI said it was not confident that SpaceX would use its technology "within our terms of service."
Twitter’s top advertisers are being urged to avoid site if Musk lowers standards
The groups pressed companies including Apple Inc., Best Buy Co., Coca-Cola Co. and Verizon Communications Inc. in a letter to their chief executive officers Tuesday to commit to stop advertising on Twitter if Musk allows hate speech, misinformation and conspiracy theories to flourish on the platform.
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Elon Musk takeover likely to attract GenZ users to Twitter
Musk is pretty much the poster child of Web3.0 and the new decentralised world, which resonates with GenZ or people born between the mid- to late-1990s and early 2010.
Twitter: Influential network with a relatively limited audience
At the end of the second quarter, Twitter counted nearly 238 million daily active users on the platform -- a figure overshadowed by the some 1.98 billion claimed by Facebook.
How Elon Musk funded $44 billion Twitter deal
Musk pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. Banks, including Morgan Stanley and Bank of America Corp, committed to provide $13 billion in debt financing.
Elon Musk to address Twitter staff during Friday visit
Twitter is expected to come under Elon Musk’s ownership by 5 p.m. New York time on Oct. 28, as lawyers and bankers on both sides race to finalize paperwork.
Elon Musk may close Twitter deal by Friday: report
The banks have finished putting together the final credit agreement and are in the process of signing the documentation, according to the report, in one of the last steps in moving funds to Elon Musk.
Twitter slips as investors await funding details on Musk's $44 billion deal
Shares of the microblogging site were down marginally at $51.12, after rising 20% since Musk this week proposed to go ahead with the April bid of $54.20 per share to take Twitter private
Elon Musk's Twitter will be a wild ride
Elon Musk, who for months has been strenuously trying to back out of a deal to buy Twitter for $44 billion, now appears ready to buy the company after all. In a surprise letter to Twitter on Monday night, Musk offered to take Twitter private at his originally proposed price - $54.20 per share - marking a possible end to one of the most dramatic legal feuds in Silicon Valley history.
Elon Musk's Twitter deal has employees asking: Should I stay or should I go?
When news first broke Tuesday morning that Elon Musk was again interested in acquiring Twitter Inc. for $44 billion, most employees of the social network were sitting through an hourslong 2023 strategy presentation. Presenters from internal groups like the product and revenue teams didn’t officially discuss the development, or even acknowledge that Musk was back on board.
Elon Musk set to depose before Twitter lawyers ahead of Oct trial
Earlier, in a minor win for Tesla CEO Elon Musk, a US court allowed his legal team to make a case that a $7.75 million severance payment to Peiter 'Mudge' Zatko, Twitter's former head of security, allows him to terminate the $44 billion takeover deal.
Most Twitter shareholders vote in favour of sale to Elon Musk: sources
The deadline for the shareholder vote on the deal is Tuesday but enough investors had voted by Monday evening for the outcome to be certain, the sources said.
Elon Musk sells Tesla stock worth $6.9 billion as possibility of forced Twitter deal rises
Shares of the microblogging site Twitter rose 3.5% to $44.35 in early trading but were still significantly below Musk's offer price of $54.20 per share. Tesla shares were up nearly 4% at $882.
Elon Musk says engagement on Twitter accounts 'much lower'
On the microblogging platform, Tesla and SpaceX CEO Elon Musk wrote that "interaction with almost all Twitter accounts seem to be much lower lately".
Elon Musk files countersuit under seal vs Twitter over $44 billion deal
Elon Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal.
Elon Musk attorneys say Twitter stalling on document production
Elon Musk's lawyers also said in a court filing Tuesday that Twitter Inc. attorneys have refused to consent to a proposed Oct. 17 trial date and are insisting on an Oct. 10 trial start, using the uncertainty over a trial date to delay other scheduling discussions.
Twitter sues Elon Musk to hold him to $44 billion deal
The lawsuit sets in motion what promises to be one of the biggest legal showdowns in Wall Street history, involving one of the business world's most colorful entrepreneurs in a case that will turn on staid contract language.
Elon Musk responds to Twitter Inc's backlash with a meme
He backed out from the $44 billion deal citing ‘material breach’ in the agreement and ‘false and misleading' statements through negotiations. However, this decision did not go down well with Twitter Inc.
Elon Musk terminates $44-billion Twitter deal
In a filing to US Securities and Exchange Commission (SEC), Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform.
Analysis: Twitter has legal edge in deal dispute with Elon Musk
Elon Musk's main claim against Twitter is that the San Francisco-based company breached their deal because it will not share with him enough information to back up its claim that spam or fake accounts constitute less than 5% of its active users.
Elon Musk deal to buy Twitter in danger: report
According to a Washington Post report, Elon Musk has been unable to pin down the percentage of Twitter accounts that are not genuine, despite being given access to internal data.
Twitter says it removes over 1 million spam accounts each day
On a conference call, the company reiterated that spam accounts were well under 5% of users who are served advertising, a figure that has been unchanged in its public filings since 2013.
Elon Musk says Twitter deal remains deadlocked over fake users
Musk was reluctant to talk about the deal when asked at the Qatar Economic Forum, saying it was a "sensitive" matter. "There are still a few unresolved matters," Musk said by video link.
Elon Musk seeks to put in less money in new Twitter deal financing
The new financing, which could come in the form of preferred or common equity, could reduce the $21 billion cash contribution that Musk has committed to the deal as well as a margin loan he secured against his Tesla shares, the sources said.
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.
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