TWITTER TAKEOVER 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.
Here's what Twitter lost in advertising revenue in final months of 2022
Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge on October 27, according to the Pathmatics estimates.
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.
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.
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Elon Musk subpoenas Twitter whistleblower, seeking details on spam, security
Elon Musk sought information from whistleblower Peiter Zatko mostly about the way Twitter measures spam accounts.
Elon Musk seeks documents from Jack Dorsey in fight over Twitter deal
Dorsey, who resigned as Twitter's chief executive in November and left the board in May, was asked for documents and communications about Musk's April agreement to buy the company and about spam accounts on the platform, according to a copy of the subpoena.
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.
SEC steps up scrutiny over Elon Musk comments on $44 billion Twitter deal
The US Securities and Exchange Commission (SEC) asked Elon Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal, according to the June 2 letter made public on Thursday.
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.
Elon Musk can't easily give Twitter the boot over bots
Even if Twitter's estimate is off, a plaintiff would have to show that the San Francisco-based company was seeking to willfully mislead investors -- a tall order to prove in court.
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.
Elon Musk says 'still committed', hours after putting Twitter deal on hold
Elon Musk on Friday said the deal to take over Twitter is 'on hold' till there's clarity on whether spam and fake accounts represent less than 5% of the microblogging site.
Elon Musk plans to take Twitter public again later
Elon Musk has told potential investors he plans to stage an initial public offering to return Twitter to public markets.
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.
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.
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.
Buying Twitter, Elon Musk will face reality of his free-speech talk
The past 10 years have seen repeated confrontations between the high-minded principles of Silicon Valley's founding generation of social media companies and the messy reality of a world in which "free speech" means different things to different people. And now Elon Musk wades directly into that fraught history.
Elon Musk to acquire Twitter; says he will make it "better than ever"
Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Elon Musk wooed Twitter shareholders with financing details of his offer.
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.
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