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Musk’s plan to buy Twitter has alarmed policymakers around the world. Joe Schipper | Reuters Elon Musk has said his $44 billion purchase of Twitter will not go through until he has more clarity about how many accounts are fake. Twitter estimated in a filing earlier this month that less than 5% of its daily … Read more
In this photo illustration, Elon Musk’s Twitter account can be seen on a smartphone screen and the Twitter logo in the background. Pavlo Gonchar | Light rocket | Getty Images Twitter stocks have already given up profits since Elon Musk announced last month that he had bought a 9% stake in the company. The stock … Read more
Tesla CEO Elon Musk sent Twitter shares down on Friday when he said he would put his $44 billion takeover of the social network “on hold” as he investigates the proportion of fake and spam accounts on the network. platform. Although Musk later made it clear that he will continue to stick to the deal, … Read more
Parag Agrawal appointed CEO of Twitter on November 29, 2021. Courtesy: Twitter Twitter CEO Parag Agrawal said friday that he still expects the sale to Elon Musk to go through, but he continues to run the company in case they don’t. †While I expect the deal to be closed, we must be prepared for all … Read more
Musk’s plan to buy Twitter has alarmed policymakers around the world. Joe Schipper | Reuters Elon Musk can’t just walk away from his deal to take over Twitter by paying an agreed break-up fee of $1 billion. It’s not that simple. Musk tweeted Friday that he has decided to put his Twitter takeover “on hold” … Read more
Elon Musk, at an event at SpaceX’s headquarters in Hawthorne, California, US, on Thursday, October 10, 2019. Bloomberg /Getty Elon Musk announced Friday that the Twitter deal is on hold until he gets more information about how many fake accounts there are on the platform. Shares of Twitter plunged 19% after the announcement. A Twitter … Read more
Elon Musk is expected to serve as temporary CEO of Twitter for a few months after he completes his $44 billion acquisition of the social media company, sources told CNBC’s David Faber. An SEC filing on Thursday revealed that Musk has received about $7.14 billion in equity pledges from friends and other investors to buy … Read more
Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves as he arrives at a discussion at the Satellite 2020 conference in Washington, DC, on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images Elon Musk sold about $4 billion worth of Tesla stock in the days following his bid to … Read more
After Elon Musk’s $44 billion deal to buy Twitter, EU officials have a message for the world’s richest man: follow the rules. Over the weekend, the European Union gave the preliminary green light to the Digital Services Act, which forces major tech companies to more aggressively monitor content on their platforms. User-generated content platforms, such … Read more
SpaceX founder Elon Musk responds to a post-launch press conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, takes off on an unmanned test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, US, 2 March 2019. Mike Blake | Reuters The Twitter board has approved … Read more