Tag Archives: Musk

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, May 18, 2022 Getting rid of bots isn’t as easy as it sounds Elon Musk’s $44 billion deal to buy Twitter (TWTR) is in purgatory. The brash Tesla (TSLA) CEO put the purchase on hold May 13, saying, on Twitter, of course, he couldn’t move forward with the acquisition until he can… Source link

Twitter investors should brace for an all-out crash in the stock price if Tesla CEO Elon Musk abandons his bid for the social media platform, warns one veteran tech analyst. “In the absence of a bid, we would not be surprised to see the stock find a floor at $22.50,” said Jefferies analyst Brent Thill said Tuesday in a new note to clients. Such a price would be about 40% lower than Twitter’s current trading level. Musk’s outstanding deal for Twitter is for $54.20 a share. The path is being cut… Source link

Elon Musk.Christophe Gateau/picture alliance via Getty Image Elon Musk argued for higher birth rates again, saying otherwise we will all “end up in adult diapers.” He claimed without evidence that the environment can support it “even if we doubled the size” of the global population. Experts have stated other factors causing birth rates to decline. Elon Musk argued on Monday that it’s “total nonsense” that people were not having have kids because it was bad for the environment, and made another… Source link

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk’s excuse about Twitter bots is a way to back out of the deal, Wedbush said. Musk agreed to buy Twitter for $44 billion but could be feeling pressure amid falling Tesla stock. “We view the $44 billion Twitter deal as having less than a 50% [chance] to get done,” Wedbush said. There is now a less than 50% chance that Elon Musk will acquire Twitter for $44 billion, a Monday note from Dan Ives, a Wedbush analyst, said. Musk, who plans to put up a… Source link

Patrick Pleul/Pool/AFP via Getty Images Netflix’s company culture guidelines say staff should be able to work on content they find harmful. In response to a tweet about the guidelines, Elon Musk said it was a “good move” by Netflix. Musk last month said of Netflix: “The woke mind virus is making Netflix unwatchable.” Elon Musk praised Netflix for its new company culture guidelines that say it might not be the best place for employees who cannot work on content they disagree with or find… Source link

Experts remain mixed on the outlook for the organizational health of Twitter (TWTR) and Tesla (TSLA) following the announcement of Elon Musk’s $44 billion buyout of the social media platform. The deal is expected to close around September to October and will take the company private. However, MIT Initiative on the Digital Economy (IDE) Director Sinan Aral thinks Musk may have bitten off more than he can chew. “In this case, I think that Elon Musk is in over his head this time because… Source link

Elon Musk has lined up a new CEO for Twitter and told banks that agreed to help fund his $44 billion acquisition offer about his plans to monetize tweets, according to a new report from Reuters. A source told Reuters that Musk has decided on who he plans to appoint as the new chief executive of Twitter, but the source didn’t name the person. Twitter’s current CEO Parag Agrawal, who took the role after Jack Dorsey stepped down in November, is expected to remain as CEO until the deal is… Source link

Tesla (TSLA) shares fell on Tuesday amid investor concerns that CEO Elon Musk would need to sell shares in order to fund a portion of his $44 billion buyout of Twitter (TWTR). Meanwhile, Twitter’s shares have recovered from a late-March trough ahead of the buyout deal. Columbia Law School Professor John Coffee believes that it will be challenging for Musk to juggle managing Tesla and Twitter simultaneously — on top of SpaceX, The Boring Company, and Neuralink. “Moreover, Tesla is going… Source link

Vijaya Gadde.Twitter Elon Musk bought Twitter on Monday and could shift its approach to content moderation. One key architect of those content policies is the attorney Vijaya Gadde. On Monday, Gadde cried during a meeting that discussed the acquisition, three people told Politico. Twitter’s top attorney and a key voice in decisions such as barring President Donald Trump from the platform became emotional and cried in a meeting with employees discussing Elon Musk’s acquisition of the platform on… Source link

(Bloomberg) — Billionaire entrepreneur Elon Musk agreed to buy Twitter Inc. for $44 billion, using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech. Most Read from Bloomberg Investors will receive $54.20 for each Twitter share they own, the company said in a statement Monday. The price is 38% more than the stock’s close on April 1, the… Source link