Tesla CEO Elon Musk is still working through a $44 billion deal to buy Twitter, though the company reportedly has not addressed the platform’s bot issue as of yet. Musk said Twitter was “resisting and thwarting” his attempts to gather information on the number of fake bot accounts on the social media platform, according to […]
After going back and forth on several different details regarding Elon Musk’s purchase of Twitter, the billionaire entrepreneur seems to have settled on a new amount to invest out of his own pocket. In a filing on Wednesday, Musk wrote that his personal commitment to the Twitter deal is set at $33.5 billion, according to […]
According to the New York Post, SpaceX will start selling existing shares to a select group of buyers on Tuesday. The publication’s sources say company CEO Elon Musk is among the sellers.It is possible Musk is looking to sell a portion of his stake in privately-held SpaceX to help finance his $44 billion USD acquisition […]
Elon Musk’s $44 billion USD marriage to Twitter appears to be on the rocks. The Tesla and SpaceX CEO said on early Tuesday morning that the deal “cannot move forward” until Twitter CEO Parag Agrawal provides evidence supporting the company’s claims of fake/spam accounts comprising fewer than 5% of its monetizable daily active users (via CNBC). […]
After Elon Musk said early Friday that his $44 billion USD acquisition of Twitter was “temporarily on hold” as he verifies the total percentage of daily active accounts on the social media platform that are bots, the Tesla and SpaceX CEO clarified in a follow-up tweet that he is “still committed” to buying the company. […]
Even though Twitter accepted Tesla and SpaceX CEO Elon Musk’s $44 billion USD takeover offer last week, the celebrity billionaire’s plans for the social media platform have been pretty vague. Up until now, the bulk of what we knew was that Musk wants to make Twitter “the platform for free speech around the globe,” and […]
After reports last month said Tesla CEO Elon Musk was looking for co-investors to help him buy Twitter, a new filing shows a few specific firms and businesses the billionaire gained funding from. Musk got an extra $7.14 billion from new investors to help fund his Twitter takeover, according to a filing on Thursday reported […]
Following Twitter’s acquisition for $44 billion late last month, one billionaire is questioning how the new owner’s guidance will affect the company. Bill Gates says Elon Musk “could make [Twitter] worse,” adding that onlookers should have an open mind and be careful not to underestimate him, according to a report from Business Insider. Gates made […]
Tesla and SpaceX CEO Elon Musk currently has agreed to acquire social network Twitter in a $44 billion deal, taking the company private. Now, it appears Twitter could return to public ownership in a few years, according to unnamed sources speaking with the Wall Street Journal. People familiar with the matter claim Musk plans to […]
Tesla’s CEO Elon Musk has been selling off shares of the automaker throughout this week, with the most recent sale taking place on Thursday. Elon Musk sold $4.4 billion shares of Tesla on Thursday, following his successful bid to take Twitter private, according to CNBC. The Thursday selloff, as shown in filings published on Friday, […]
Elon Musk told bankers affiliated with his $44 billion Twitter deal that he would focus on the social media company’s bottom line, and even pitched the concept of cutting costs and jobs, according to a report from Bloomberg. The news, reported by those familiar with the matter, specifically included the mention of job cuts, though […]
The Securities and Exchange Commission (SEC) has been a burden for Tesla CEO Elon Musk to bear, and a recent request to end the agency’s oversight has been denied. Musk was denied a bid to undo the SEC’s oversight of his Twitter, mandated through an agreement made in 2018, according to Bloomberg. In addition, a […]
Twitter announced the sale of its company to Elon Musk for $44 billion on Monday, in what was one of the largest and swiftest buyouts in Wall Street history. Musk was deeply involved in the transaction of his Twitter takeover, despite him not looking at the social media company’s financials beyond what was publicly available, […]
Twitter has announced it will sell the company to Elon Musk for $54.20 per share, or $44 billion. Once complete the sale will take Twitter private. “Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase […]
Following an update that Tesla’s Elon Musk was meeting with Twitter on Sunday to discuss a potential buyout, it appears the social media company may be ready to accept an offer in the coming days. Twitter is planning a transaction with Elon Musk that could take place as soon as Monday if negotiations go well, […]
