The three top Twitter executives whom Elon Musk fired Thursday will walk out the door with about $187 million of Musk’s money. As reported by CNN, former CEO Parag Agrawal, former CFO Ned Segal and former Chief Legal Officer Vijaya Gadde were ousted after Musk took control of the company late Thursday, according to a…
Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve the ambitions he has outlined for the influential social media platform, as reported by Reuters. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on Thursday, referencing Twitter’s…
Elon Musk’s on-again off-again plan to buy Twitter is on track to culminate in the billionaire taking control of the company this week. As reported by TechCrunch, Musk is expected to close the deal by Friday, October 28, putting him officially in charge of one of the most prominent social networks in the world. Musk…
The $44 billion acquisition of Twitter Inc. by Elon Musk is the subject of a federal inquiry, the social media firm revealed in a court document made available on Thursday. As reported b Marca, Twitter claimed that it had been requesting Musk’s attorneys to reveal their correspondence with federal authorities for months but they had…
The countdown is now on for Elon Musk and Twitter to close their $44 billion acquisition deal by October 28 or be forced to again prepare for a trial after a judge agreed on Thursday pause the legal proceedings. As reported by CNN, what everyone is now waiting on: Musk needs to actually have the…
It was beginning to feel like Elon Musk and Twitter were locked in an eternal dance. As reported by BBC, it suddenly came to an abrupt end – for now at least – with a short, succinct letter from Musk’s lawyers to Twitter’s, which announced that he intended to buy the firm after all, and…
A Delaware judge ruled Wednesday that American billionaire Elon Musk can include claims made by Twitter whistleblower, Peiter Zatko in his countersuit justifying his withdrawal from his $44 billion deal to buy the social media company. As reported by Forbes, the court, however, denied Musk’s request to move back the high-profile trial between Musk and…
Twitter’s former Had of Security, Peiter Zatko has become a whistleblower after he accused the company of having major security problems, as reported by Marca. Interestingly, this has become the single most important finding for American billionaire, Elon Musk’s legal team that was attempting to get their client out of buying the company. Recall that…
American businessman and Tesla boss, Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn), as reported by BBC. The sales took place after the firm’s annual shareholder meeting last week, regulatory filings show. Musk says he needs the money in case he is forced to buy Twitter…
Social media giant, Twitter has revealed that it spent $33m (£27m) on Elon Musk’s proposed deal to buy the firm between April and June 2022. It also said its number of monthly daily users had risen to 237m – but it reported a net loss of $270m, which was worse than expected. It would be…
