Musk wars with Twitter over his buyout deal—on Twitter
The sharp turnaround by the world’s richest man makes little sense except as a method to scuttle or renegotiate a deal that’s becoming increasingly costly for him, experts said.
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Musk hints at paying less for Twitter than his $44B offer
Tesla CEO Elon Musk told a Miami technology conference that a viable deal at a lower price would not be out of the question, according to a report by Bloomberg News.
Musk lines up $7.1B in investor financing for Twitter bid
The infusion adds heft to the Tesla chief’s offer and eases some of the financial pressure he’s taken on in pursuit of the social media platform.
Elon Musk spoke of possible Twitter job cuts with bankers
Musk also brought up several ideas to boost revenue for the company, such as paying “influencers” to create content, following a business model that helped make TikTok a powerhouse social media app.
UPDATE: Elon Musk buying Twitter for $44B, plans to privatize company
The outspoken Tesla CEO, who is also the world’s wealthiest person, has said he wanted to buy and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.
Reports: Twitter in talks with Musk over acquisition bid
Tesla CEO Elon Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.
Elon Musk signals with $46.5 billion he’s serious about buying Twitter
Elon Musk’s offer, made public in a filing Thursday, shows he is willing to risk some of the lucrative Tesla shares that have made him the world’s richest person to acquire the platform Musk has described as a modern-day town square.
Twitter adopts ‘poison pill’ defense in Musk takeover bid
Twitter’s plan would take effect if Musk’s roughly 9% stake grows to 15% or more. Even then, Musk could still take over the company with a proxy fight by voting out the current directors.
Inside Twitter, Elon Musk’s bid prompts employee worries, exasperation
CEO Parag Agrawal held a companywide meeting to reassure his 7,500 full-time employee workforce by arguing that one man could not change a culture and that it was up to the company to set strategy
Tesla CEO Elon Musk won’t join Twitter’s board after all
While Musk has been one of Twitter’s loudest critics, the sudden withdrawal from the board, which became official Saturday, could signal that relations between Musk and Twitter will become more acrimonious.
Elon Musk to join Twitter’s board after becoming largest shareholder
Putting Musk on Twitter’s board and limiting the amount of stock he can acquire while as a director may be a strategic move on Twitter’s part.
Suddenly, Twitter’s biggest stakeholder is Tesla’s Elon Musk
Twitter co-founder Jack Dorsey stepped down as CEO in November. Musk’s stake in Twitter is now more than four times the size of Dorsey’s, who had been the largest individual shareholder.
Elon Musk takes 9.2% stake in Twitter; shares skyrocket
Twitter shares exploded 26% in premarket trading after the Securities and Exchange Commission filing showed that Musk snapped up more than 73 million shares, valued at $2.89 billion.
Twitter co-founder Jack Dorsey steps down as CEO
Dorsey has faced several distractions as CEO, starting with the fact that he’s also founder and CEO of the payments company Square. Some big investors have openly questioned whether he could effectively lead both companies.
U.S. Rep. Jim Banks deletes post, gets Twitter access back
The Indiana congressman said he met Twitter’s demand that he delete his Oct. 19 post regarding Dr. Rachel Levine becoming the first openly transgender four-star officer in the U.S. uniformed services.
Twitter suspends Indiana Rep. Jim Banks’ official account
Twitter’s action Saturday came after Republican Rep. Jim Banks posted tweets last week regarding Dr. Rachel Levine’s becoming the first openly transgender four-star officer in the U.S. uniformed services. Levine is also the nation’s assistant secretary of health.
Facebook, WhatsApp, Instagram suffer worldwide outage
The impact was major for multitudes of Facebook’s nearly 3 billion users, showing just how much the world has come to rely on it and its properties—to run businesses, connect with online communities, log on to multiple other websites and even order food.
Twitter to let users charge followers to see premium posts
The subscriptions will allow Twitter to tap into a broader range of revenue sources in a world where online advertising is dominated by a Facebook-Google duopoly.
Twitter CEO defends Trump ban, warns of dangerous precedent
Extreme measures such as banning Trump highlight the extraordinary power that Twitter and other Big Tech companies can wield without accountability or recourse, Twitter CEO Jack Dorsey wrote.
Twitter bans Trump, citing ‘risk of further incitement of violence’
Twitter had been President Trump’s primary megaphone, the tool he tapped to push his policies, disperse falsehoods, savage his critics and speak to more than 88 million users almost every day.