Business & Tech Twitter CEO Ousts Two Top Execs, Freezes Hiring, Cuts Spending Ahead of Musk Takeover In what may be a bid to right the ship after a disappointing quarter, or a gesture toward trying to hold on to his job when Musk's purchase of the company closes, Twitter CEO Parag Agrawal fired two top executives and laid out cost-cutting measures in a memo to employees this week.
Business & Tech Elon Musk Will Let Trump Back on Twitter, Saying Permanent Bans 'Fundamentally Undermine Trust' In the Platform So even though Musk claims to want what's good for democratic society, he's happy to hand the megaphone back to the man who's bent on destroying it.
Business & Tech Elon Musk Will Appoint Himself CEO of Twitter (Temporarily), He Apparently Told Investors The new CEO of Twitter under Elon Musk will be Elon Musk, according to people familiar with his investor briefings, though he says for now that he will only be an interim CEO.
Business & Tech Tesla’s Value Is Nosediving While Elon Musk Pursues Twitter Takeover Elon could have bought Twitter for $44 billion three times over with the $150 billion in market value Tesla has lost since he pulled this Twitter stunt, as Tesla stock has been plummeting all week.
Business & Tech Another Racial and Sexual Harassment Lawsuit Filed Against Tesla On Friday, a female employee filed a lawsuit alleging that electric vehicle juggernaut Tesla failed to properly respond to widespread racism in its facilities.
Business & Tech Layoffs May Loom at Elon Musk's Twitter, Analysts Say One analyst predicts Musk might lay off 20% of Twitter’s workforce, as the company is still not profitable every quarter, and interest rates could rise on the borrowed money he’s using to finance the deal.
Business & Tech Will Elon Musk Move Twitter to Texas? Will He Give Trump His Account Back? Questions Abound. Elon Musk fanboys on Twitter are all elated that their King of Twitter may soon be the full Owner of Twitter. But employees are probably worried.
Business & Tech [Update] Elon Musk-Twitter Deal Is Done; Twitter to Be Taken Private Twitter's board has accepted billionaire Elon Musk's offer to take the company private, after two weeks of intrigue and the creation of a "poison pill" meant to kill the deal.
Business & Tech Elon Musk Says He Has the $46.5 Billion Lined Up to Buy Twitter Outright, But Investors Remain Skeptical of This Whole Deal Elon Musk’s original “best and final offer” language from last week has softened to “seeking to negotiate” language, but he says he now has funding secured for the deal to take Twitter private (a canard he has pulled before).
Business & Tech Twitter Board Adopts 'Poison Pill' Strategy to Fend Off Elon Musk; Another Big Shareholder Also Just Upped Their Stake Twitter's board of directors voted unanimously Friday to adopt a limited duration shareholder rights plan, or "poison pill," that would immediately dilute the shares of any shareholder who bought 15% or more of existing shares — likely thwarting, for now, a takeover bid by Elon Musk.
Business & Tech Yep, Elon Musk Is Officially Trying to Buy Twitter in a Hostile Takeover Bid After the welcome mat for Musk to join Twitter’s board disappeared, the billionaire has made a bombshell offer to buy every share of Twitter for himself and own the company privately.
Business & Tech Now Elon Musk Won’t Join the Twitter Board, Tech World Wonders What His Deal Is Wait, something about a “background check?” Elon Musk suddenly relinquishes his proffered seat on the Twitter board of directors, which could be a nefarious Elon plot, or a sign of his very short attention span.
Business & Tech Twitter is Adding an Edit Button Now That It’s the Elon Musk Era There Typo committers rejoice! The long-requested edit button is coming and has been secretly in the works at Twitter for awhile, just as it turns out Elon Musk’s ascension to the Twitter board of directors had been secretly in the works too.
Business & Tech Elon Musk Buys a Nearly 10% Stake in Twitter, What Could Go Wrong? The flamboyant Tesla CEO is now Twitter’s largest shareholder, as Elon Musk has scooped up more than 73 million shares of Twitter, valued at nearly $3 billion Friday, but now worth a lot more since the sale went public and the stock went booming.
Business & Tech State Agency Sues Tesla Over ‘Racially Segregated Workplace’ Where Racial Slurs Are Thrown Around Commonly A California employment agency brought a pretty disturbing lawsuit against Tesla Thursday, alleging not just racial segregation at the Fremont plant, but a workplace where racial slurs were commonly scrawled on walls and spoken out loud by management.
Business & Tech About 40 of Elon Musk’s New SpaceX Satellites Destroyed by Solar Storm A few dozen SpaceX satellites that launched last Thursday have already bit the dust in a solar storm, but thankfully, they’ll be reduced to dust upon reentering the atmosphere.
Business & Tech Tesla Self-Driving Called Out in Full-Page NYT Ad, Which Claims ‘Millions Would Die Every Day’ if Universally Adopted A full-page ad in Sunday’s New York Times declares “We did not sign up our families to be crash test dummies for thousands of Tesla cars,” but the ad is affiliated with a rival self-driving software company.
SF News Dead Body Found at Fremont Tesla Factory, Police Rule It a Homicide A body turned up Monday afternoon at the Tesla plant in Fremont, and something’s suspicious, because Fremont Police have referred the case to their homicide unit.
Business & Tech Elon Musk’s ‘Twitter Poll’ Stock Sale Proven a Sham, as He’s Actually Buying Up Shares Like Mad The latest ‘Elon con’ involves a Twitter stunt where his followers supposedly made the decision for him to sell his Tesla shares. But Musk is actually on a buying spree, buying shares for “well below 1% of Tesla's current share price.”
SF News Tesla Fremont Plant Employee Sues Over ‘Rampant Sexual Harassment’ At the Facility An employee at the Tesla Fremont plant says she was routinely groped, catcalled, and propositioned on the job, even by her superiors, in a new sexual harassment lawsuit.
Business & Tech Filings Show Elon Musk’s Stock Sell-Off Was Pre-Scheduled, Likely Unrelated to Twitter Poll The latest Elon Musk Twitter nonsense involved a poll where his fanboys would determine whether he should sell his Tesla stock and finally pay taxes, but regulatory filings show the sale was planned in mid-September.
SF News Day Around the Bay: Musk Is Taking Tesla HQ to Austin Tesla's headquarters is moving from Palo Alto to Austin, Bernal Heights is getting its first cannabis dispensary, and the SF school board is spending money it doesn't have to appeal the court decision about that mural.
Business & Tech Tesla Autopilot ‘Backseat Driver’ Scofflaw Spotted Multiple Times on Bay Area Roads What appears to be the same detestable Tesla owner was spotted in the highly illegal, incredibly dangerous, and massively stupid act of sitting in the backseat with the Tesla in autopilot mode.
Business & Tech Despite Threats, Elon Musk Expanding Fremont Tesla Plant, Not Abandoning It The world’s no-longer-richest man was apparently bluffing when he threatened to move his East Bay Tesla plant out-of-state, as the plant has just submitted permit requests to expand.
SF News Elon Musk Likely Has COVID-19 as SpaceX Launch Gets Delayed Elon Musk, who has spent a good part of this year questioning the rationale behind lockdowns and the severity of COVID-19 on Twitter, may be about to find out for himself what the disease does to a person.
