Business & Tech Twitter Shareholder Hits Elon Musk with Class Action Suit for Market Manipulation, False Statements With Twitter having lost more than $8 billion in value since the Elon Musk escapade started, one shareholder is hauling Musk to court alleging that he’s driving down the company’s value on purpose.
Business & Tech Elon Musk Sexual Misconduct Charges Arrive; Allegedly Exposed Himself and Propositioned Flight Attendant “Elongate” dropped early Thursday night, with a report that his SpaceX company paid a flight attendant $250,000 to buy her silence over an incident where Musk allegedly exposed himself and offered her a horse if she would “do more.”
Business & Tech Musk Claims Twitter Deal ‘Cannot Move Forward’ Because of Fake Accounts, Probably Just Trying to Drive Down Price Another infantile tweetstorm from Elon Musk claims his Twitter purchase “cannot move forward” because of the prevalence of fake accounts, but analysts suspect he’s trying to drive down the price or back out entirely.
Business & Tech Venture Capitalist on Current Startup Environment: 'This Is a Proper Correction' If you work for a tech startup — or even if you work for Uber or Twitter — you may be having the layoff blues right now, or the arguably worse layoff anxieties that come with weeks upon weeks of bad news, rising tensions, and inter-office innuendo.
Business & Tech Surprise! Elon Musk Now Getting Wobbly On Buying Twitter, Claims Deal Is 'Temporarily On Hold’ The erratic billionaire may be trying to back out of his stunning bid to take over Twitter, now claiming he is concerned about “spam/fake accounts,” but analysts suspect he's just getting cold feet and that he may not actually be able to line up the money.
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 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 Facebook and Twitter Attempt to Stifle Russian Propaganda Campaign; Russia Turns to Chinese-Owned TikTok Social media is again being used as a battleground by Russia as it continues to try to "sell" its invasion of Ukraine to the Russian people, and to sympathizers abroad.
Business & Tech The Trump vs. Twitter Lawsuit is Happening in San Francisco, And It’s Not Going Well for Trump In a lawsuit literally named Trump v. Twitter, the former president is suing Twitter to allow him back on the platform, but his arguments are going fruitlessly in a San Francisco district court.
Business & Tech Trump's Twitter-for-Bigots, Truth Social, Launches Without a Working App Remember how Trump's new media company was launching its own social network, dubbed Truth Social, and Devin Nunes left his job in Congress to help lead this company and this new thing they imagine will go toe to toe with Twitter?
Arts & Entertainment Karl the Fog Twitter Account Comes Back Alive, Says He's Been Living With His Parents During the Pandemic The famed Twitter account for San Francisco's famed fog, Karl the Fog, dormant lo these several years, came back to life Thursday morning just as some seriously dense fog came to envelop the city and wreak havoc.
Business & Tech Twitter Now Says You Can’t Share Other People’s Images Without Their Consent, Confusion Abounds The new post-Jack Dorsey Twitter immediately freaked people out with a “more robust” privacy policy update, and they’re still posting threads to unspool exactly what this all means.
Business & Tech Jack Dorsey Steps Down as Twitter CEO, Gives Little Reason A year after an attempted ouster by a major investor, Twitter CEO Jack Dorsey is stepping down from his role at the company, and longtime CTO Parag Agrawal will take the helm in his place.
Business & Tech Instagram and Facebook Experience Second Outage In a Week; Twitter Is Gleeful It may not be the worldwide meltdown of Monday, but Instagram and Facebook were not loading properly for some users on both coasts of the U.S. today, and the company has confirmed there's a problem.
