Tag Archives: Musks

U.S. Labor Secretary Marty Walsh is keeping a close eye on layoffs in the tech sector, including Elon Musk’s chaotic overhaul at Twitter. “As far as Twitter, that’s a whole different situation [than the broader tech layoffs],” Walsh said on Yahoo Finance Live (video above). “I don’t know enough about it, but I think that’s Elon Musk looking at the business model. I am sure at some point that will fix itself out as it moves forward.” To be sure, Musk’s changes to Twitter are moving forward this… Source link

Donald Trump is fighting to get his media company off the ground and into public markets, but Tesla CEO Elon Musk keeps getting in his way with his effort to buy Twitter (TWTR). Shares of Digital World Acquisition Company (DWAC) — the blank-check company aiming to merge with Trump’s Truth Social — dropped over 4% on Tuesday on the news that Musk was reversing course and planned to purchase Twitter for $44 billion after initially trying to back out of the deal in July. Tuesday’s decline… Source link

(Bloomberg) — Elon Musk has teased something called “X, the everything app” after he buys Twitter Inc. Based on the billionaire’s past comments, that service could look a lot like Chinese super-app WeChat. Most Read from Bloomberg Musk didn’t provide many details beyond a one-line tweet. But the Tesla Inc. impresario has openly admired the Tencent Holdings Ltd. app that’s grown from a messaging service to a mini-internet used daily by more than a billion Chinese. He’s mused aloud… Source link

Kevin Dietsch/Getty Images Parag Agrawal canceled an interview with Elon Musk’s lawyer the day before it was set to take place. The CEO has yet to reschedule, although the interview is expected to happen. Musk is expected to be interviewed later this week as part of the ongoing lawsuit. Twitter’s Parag Agrawal canceled on short notice a scheduled deposition as part of his company’s lawsuit against Elon Musk, frustrating the billionaire’s legal team, people familiar with the case told Insider. The… Source link

The Tesla Model Y.Tim Levin/Insider I drove a Tesla for the first time and came away impressed with the much-hyped brand. The Model Y’s sleek interior, speedy acceleration, and innovative tech features set it apart. But its oversized touchscreen and lack of physical buttons isn’t for everyone. Tesla created and dominates the burgeoning market for electric vehicles. But can the startup’s popular cars withstand a barrage of competitors from titans like Ford, General Motors, and Volkswagen? That’s… Source link

Errol Musk, left, the father of the tech billionaire Elon Musk.GIANLUIGI GUERCIA / AFP) (Photo by GIANLUIGI GUERCIA/AFP via Getty Images/Dimitrios Kambouris/Getty Images for The Met Museum/Vogue Elon Musk’s father, Errol, said on an Australian radio show he wasn’t proud of his billionaire son alone. Errol said the family had done “a lot of things,” though he added Elon had “really surpassed the mark.” Errol said Elon’s younger brother, Kimbal, was his “pride and joy.” Elon Musk’s dad has said he… Source link

When Jack Sweeney refused a $5,000 offer from Elon Musk to stop tweeting about the billionaire’s private jet activity, he didn’t know how fast his flight-tracking endeavor would scale. Now, the 19-year-old University of Central Florida sophomore has 30 accounts and a new target: the flight paths of private jets belonging to celebrities and the polluting carbon emissions their trips rack up. Earlier this month, Sweeney’s brainchild, the @CelebJets automated Twitter account, revealed a Source link

Like countless other contract disputes, Twitter’s (TWTR) clash with Elon Musk over the Tesla CEO’s (TSLA) attempted exit from his $44 billion agreement to acquire the social media company turns on language that can be open to multiple interpretations. Don’t expect Twitter or Musk to admit that the legalese laying out the terms of their merger agreement leaves the slightest ambiguity about their respective rights, though. After publicly taunting Twitter with the threat of a hostile… Source link

Britta Pedersen/Getty Images; Twitter; Rachel Mendelson/Insider Elon Musk’s decision to kill the $44 billion Twitter deal means banks could lose a “nine-figure” payday. Musk’s and Twitter’s financial advisors could pocket up to $192 million if the deal closes. The billionaire faces an uphill battle to call off the deal as he has to prove there’s been a material adverse effect on the transaction. Elon Musk’s ‘will-he-won’t-he’ dance to buy Twitter took a turn on Friday after the billionaire said… Source link

The ongoing saga between Elon Musk and Twitter (TWTR) is getting even more complicated as both sides appear to be digging in for a fight over whether the Tesla (TSLA) CEO goes through with the purchase. On Thursday, Twitter defended its accounting of spam and bot accounts on the platform, which the company says make up less than 5% of daily monetizable active users. That same day, The Washington Post reported that Musk’s team has pulled back on talks regarding funding for the $44 billion… Source link