Elon Musk Stepping Down as Twitter CEO, Becoming Executive Chair
Twitter CEO Elon Musk on Thursday declared that the company’s future CEO will be a woman. “Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk exclaimed on Thursday afternoon in a tweet. Musk did not reveal the identity of the next CEO. She is scheduled to […]
Why Elon Musk Wants to Charge You for Twitter?
Billionaire Elon Musk, a successful businessman who runs Tesla and Space X, recently bought Twitter for $44 billion deal. This week, he announced that the social network will have a “premium” service that will cost $8 (at least in the United States) and give users access to account authentication and priority in other people’s feeds. […]
Elon Musk to Pay Over $200 Million to Fired Twitter Executives
Top Twitter Inc. executives could have passed for carrying bags of Elon Musk‘s cash when they left the company’s San Francisco offices on Thursday. In Twitter’s TWTR merger with Musk’s X Holdings, chief executive officer Parag Agrawal, chief financial officer Ned Segal, and the director of legal policy Vijaya Gadde all received “golden parachute” clauses. […]
Elon Musk Completes $44 Billion Twitter Takeover Finally
The world’s richest person Elon Musk has completed his $44 billion (£38.1 billion) takeover of Twitter, according to a firm investor. Several top executives, including the CEO, Parag Agrawal, are said to have been fired. It concludes a saga in which Twitter went to court to hold the billionaire to the terms of a takeover […]
Elon Musk Might Finalize Twitter Deal This Week
Elon Musk and his army of lawyers are under a lot of stress. The billionaire has only four days to finish his deal with Twitter. If he doesn’t, he will have to go to court, where experts say he will probably lose. This month, the Delaware judge in charge of the court case gave the […]
Elon Musk’s Twitter Deal Could See Trump Back by Midterms
Donald Trump, the former president and the most influential tweeter in the world, may return to the site as a result of Elon Musk’s decision to forward his plan to acquire Twitter this week. Trump has previously stated that he won’t use Twitter again and will instead stick to his own social media network, Truth […]
Why Elon Musk Sold $7 Billion Shares of Tesla
A few months ago, Elon Musk sold a huge amount of Tesla stock for $8.4 billion. He told his followers that he had no plans to sell any more stock and would probably wait until at least the end of the year to do so. But in the last few days, the businessman sold another […]
Twitter Lawsuit Against Elon Musk: Judge Made Rare Ruling
The judge who is in charge of Twitter Inc.’s $44 billion lawsuit against Elon Musk is known for being tough, and he or she is also one of the few judges who has ever forced a reluctant buyer to close a U.S. corporate merger, reports Reuters. Last year, Kathaleen McCormick became the first woman to […]
Twitter Hits Back at Elon Musk over Breach of Obligations
Twitter fired back at Elon Musk on Monday, accusing him of “knowingly” breaching an agreement to buy the social media company, just days after the Tesla Inc CEO attempted to back out of the $44 billion deal. Twitter stated in a letter to Musk dated Sunday and filed with regulators on Monday that it had […]
How Twitter Staff Reacted to Elon Musk’s Pull-out
Employees of Twitter Inc. expressed shock and tiredness on Friday after billionaire businessman Elon Musk announced he was canceling a deal to acquire the social media company, potentially setting off months of legal wrangling. Musk said that Twitter broke a number of terms of a $44 billion acquisition agreement, including failing to provide enough information […]
Elon Musk Suspends Buying Twitter, Stock Plummets
Elon Musk has put his deal to buy Twitter on hold. The Tesla boss wrote on Twitter on Friday that he first wanted to wait for calculations to show that accounts with no real users behind them actually accounted for less than five percent. The short message service published this estimate earlier in the week. Twitter stock quickly fell nearly […]
What is Elon Musk Planning for Twitter?
Twitter has been purchased by Elon Musk. After months of publicly toying with the idea, the world’s richest man successfully negotiated a $44 billion deal to acquire the social media platform. Musk issued a statement on Monday outlining a short list of platform goals, many of which he has recently floated to his 83 million […]
