Tag Archives: Elon

(Bloomberg) — Twitter Inc. reiterated that it will hold Elon Musk accountable to the terms of his proposed $44 billion takeover offer after the billionaire again threatened to pull out of the deal over the issue of bots. Most Read from Bloomberg In a securities filing on Monday, Musk said he believes Twitter is breaching their agreement by not meeting his demands for more information about spam and fake accounts. Last month, Musk said he wouldn’t proceed with his offer unless the social… Source link

Tesla CEO Elon Musk is raising another obstacle in his $44 billion bid to buy Twitter (TWTR). In an SEC filing released Monday morning, Musk’s counsel said Twitter has not coughed up adequate data on the company’s users, committing a “clear material breach” of the company’s obligations as part of its merger agreement. “Based on Twitter’s behavior to date, and the company’s latest correspondence in particular, Mr. Musk believes the company is actively resisting and thwarting his information… Source link

Tesla CEO Elon Musk at the company’s Cyber Rodeo event in Austin, Texas.SUZANNE CORDEIRO / AFP Elon Musk tweeted that the “total headcount would increase” at Tesla and salaried staff would stay “fairly flat.” Musk’s comments came after the Tesla CEO sent an email to staff saying he would cut 10% of salaried jobs. Tesla employed nearly 100,000 staff at the end of 2021. After sending an email about job cuts for salaried staff, Tesla CEO Elon Musk seemed to retract his statements in a tweet reply… Source link

Elon Musk at the 2022 Met Gala.Andrew Kelly/Reuters Elon Musk said Covid-19 lockdowns “tricked people into thinking that you don’t actually need to work hard.” Working from home didn’t make workers less productive, three economists told Insider. The only constraint on productivity was when workers had children at home they needed to look after. Elon Musk is not a fan of remote work. In the early hours of Wednesday, Musk commented on a tweet which appeared to show an email from himself to Tesla… Source link

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk polled his Twitter followers on whether they distrusted billionaires or politicians more. He then asked Rep. Alexandria Ocasio-Cortez to do the same, writing, “I dare you” to do so. Musk and Ocasio-Cortez have clashed on other topics such as unionization and free speech. On Thursday, Tesla CEO Elon Musk dared Rep. Alexandria Ocasio-Cortez to poll her Twitter followers on whether they distrusted billionaires or politicians more. “Who do you trust… Source link

Maja Hitij/Getty Images A Twitter investor is suing Elon Musk for market manipulation for his tweets about the buy being “on hold.” The complaint was filed in California on Wednesday. “Just because your name is Business Insider Trading doesn’t mean you should project that on others!” Musk told Insider in an email. A Twitter shareholder is suing Elon Musk and Twitter over Musk’s tweets following his agreement to buy the company last month. The proposed class-action suit, filed in a federal… Source link

Twitter cofounder Jack Dorsey stabbed his company’s board in the back by serving up the social media platform on a platter to Elon Musk, according to a former company veteran and ex-director. As the company prepares to host shareholders for a virtual annual general meeting from 1 p.m. ET on Wednesday, Jason Goldman found clear words for his former colleague during an interview with Bloomberg. The former vice president of Product and member of Twitter’s founding team referenced events that… Source link

Elon Musk and Gwynne Shotwell.Angela Weiss, Amanda Edwards via Getty Images SpaceX President and COO Gwynne Shotwell defended Elon Musk following sexual misconduct claims. The top female executive said she didn’t believe the allegations against Musk, which Insider first reported. In a companywide email obtained by CNBC, Shotwell said she would “never” comment on legal matters. SpaceX President and COO Gwynne Shotwell defended founder Elon Musk in an employee email last week following Insider’s… Source link

Elon Musk joked about letting Chad Hurley (right) touch his “wiener.”Gotham/Alberto E. Rodriguez via Getty Images Elon Musk joked about buying a horse for Chad Hurley if he touched Musk’s “wiener”. The Youtube cofounder told Musk to stop “horsing around” and close the Twitter deal. Musk has offered to buy the social media platform for $44 billion. Elon Musk has used sexual misconduct claims to joke about letting YouTube cofounder Chad Hurley touch his “wiener.” On Friday, Hurley mentioned Musk in… Source link

SpaceX paid $250,000 to settle a sexual misconduct claim against Elon Musk after a flight attendant on the company’s corporate jet accused the CEO of exposing himself to her mid-flight, Insider reports. According to Insider, the incident happened in 2016 and the company settled with the unnamed flight attendant in 2018, according to a friend of the flight attendant who was told contemporaneously about the incident but is not bound by any non-disclosure agreements with the company. Musk… Source link