According to sources familiar with the matter, Twitter is re-examining Tesla and SpaceX CEO Elon Musk’s offer to buy the social media company for $43 billion USD now that he has raised $46.5 billion in financing for the deal — reports The Wall Street Journal. While analysts originally expected Twitter to accept Musk’s buyout offer, things […]
Elon Musk’s vision for Twitter and his financial plans for the social media giant proved instrumental in raising $46.5 billion USD in financing for his bid to acquire the company — reports Bloomberg. Musk hasn’t said much publicly about his plans for Twitter beyond wanting to make it “the platform for free speech around the globe.” […]
Tesla and SpaceX CEO Elon Musk this week created three new holding companies, each with a variation of the name “X Holdings,” to help with his planned acquisition of social media giant Twitter — reports Bloomberg. According to documents filed with the U.S. Securities and Exchange Commission (SEC), Musk and his co-investors in the Twitter […]
Tesla and SpaceX CEO Elon Musk is looking to partner with co-investors in his $43 billion USD bid to buy social media platform Twitter — reports The New York Post. Earlier this month, Musk revealed he had bought a 9.2% stake in Twitter for $3.4 billion, becoming the company’s largest shareholder. Musk was originally going to […]
Tesla CEO Elon Musk last week said he doesn’t think Twitter’s board of directors shares the same financial interests as the social media platform’s investors. “With Jack [Dorsey] departing, the Twitter board collectively owns almost no shares,” Musk said in a tweet, replying to a shareholding breakdown of each of the members of Twitter’s board. […]
Tesla and SpaceX CEO Elon Musk casually offered to buy Twitter for $43 billion in cash this week, and one analyst predicts that the buyout will, in fact, take place. Wedbush’s Daniel Ives believes Twitter will accept Musk’s buyout offer of around $43.4 billion, though it won’t happen without a significant amount of drama, according […]
Tesla and SpaceX CEO Elon Musk has been quiet over the past few days on Twitter, and now we know why—he was drumming up an offer to buy the company. On Thursday morning, Musk said, “I made an offer” and shared a link to an SEC filing, where he is offering to buy the rest […]
After acquiring a 9.1% stake in Twitter, and then being offered a seat on the company’s board, Elon Musk “has decided not to join our board”, explained Twitter CEO Parag Agrawal on Sunday evening. “Team, Elon Musk has decided not to join our board. Here’s what I can share about what happened,” wrote Agrawal on […]
Tesla CEO Elon Musk said in a tweet on Saturday evening that Twitter users who pay $2.99 USD/month for the Twitter Blue subscription “should get an authentication checkmark.” https://twitter.com/elonmusk/status/1512957577092608004 The authentication checkmark “should be different from ‘public figure’ or ‘official account’ checkmark,” Musk clarified in a follow-up tweet. The Tesla CEO’s original tweet has received […]
Following news that Tesla CEO Elon Musk purchased a 9.2 percent stake in Twitter and will join Twitter’s Board of Directors, the social media company apparently plans to address employee concerns with the change. Twitter plans to hold an Ask Me Anything (AMA) event with Musk to address employee concerns about his decision to join […]
Tesla CEO Elon Musk became Twitter’s largest stakeholder with a 9.2 percent stake in the company earlier this week, and now the social media company’s CEO has detailed a specific role Musk will fill. Musk has joined the Board of Directors at Twitter after becoming a stakeholder in the company, according to CNBC. After the […]
After Tesla CEO Elon Musk’s recent run-ins with the Securities and Exchange Commission (SEC), the billionaire entrepreneur has officially purchased some stake in Twitter in a surprising turn of events. Musk now owns a 9.2 percent stake in Twitter, for a total of 73,486,938 shares worth around $2.89 billion, according to an SEC 13G filing […]
In a lawsuit filed in the Delaware Chancery Court on March 8 and made public yesterday, one of Tesla’s investors has sued the company’s board and CEO Elon Musk for the latter’s “erratic” tweets and behavior online — reports Bloomberg Law. The lawsuit claims that Musk has violated an agreement with the U.S. Securities and […]
