Tag Archives: Twitter

Elon Musk’s big bid to buy all of Twitter has probably awakened numerous executives inside of Google and Meta, said tech titan and Dallas Mavericks owner Mark Cuban. “Every major tech company, Google, fb, et al is on the phone with their anti trust lawyers asking if they can buy Twitter and get it approved. And Twitter is on the phone with their lawyers asking which can be their white knight. Gonna be interesting,” Cuban said in a new tweet on Thursday. Yahoo Finance reached out to Mark Cuban… Source link

Elon Musk is sort of becoming like billionaire activist investor Carl Icahn. The Tesla CEO, who has a 9.2% stake in Twitter, offered to buy the social media platform for $54.20 a share on Thursday. Here is what Musk wrote in a letter to Twitter Chairman Bret Taylor, as disclosed in a new SEC filing. “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However,… Source link

Ark Invest has been steadily trimming its stake in Twitter and appears to be ready to ditch holdings in the microblogging platform altogether — at least for now. The tech-focused investment management firm’s Chief Executive Officer Cathie Wood told Yahoo Finance in an interview Tuesday that Ark is moving out of social media platforms amid increased competition and chalked up its sales of Twitter (TWTR) stock in particular to the departure of former CEO Jack Dorsey. “Jack’s leadership was… Source link

Elon MuskHANNIBAL HANSCHKE /Getty Images Twitter plans to host an internal AMA with board member Elon Musk, according to The Washington Post. Some employees were anxious about Musk’s role, according to company messages viewed by The Post. One staffer asked if board members were held to the same tweeting standards as employees. A Twitter employee said on the company’s Slack channel that staff would be the subject of an HR investigation if they tweeted like Tesla founder Elon Musk, who now owns 9%… Source link

(Bloomberg) — Elon Musk refiled the disclosure of his stake in Twitter Inc. to classify himself as an active investor, making the change after taking a seat on the social media company’s board. Most Read from Bloomberg Musk, a billionaire who is chief executive officer of Tesla Inc., filed a form 13D with the U.S. Securities and Exchange Commission on Tuesday, disclosing a stake of 9.1%. The new filing indicates that Musk plans to take an active role in shaping Twitter’s agenda. The form… Source link

Tesla CEO Elon Musk may be just getting started when it comes to trying to shake up Twitter. It was disclosed on Monday that the somewhat unpredictable Musk took a 9.2% stake in Twitter. The stake — valued at close to $3 billion as of Twitter’s closing price on Friday — is defined as a passive one. Shares of Twitter surged 20% in the session. “This is just the appetizer. Ultimately, we believe he will have an active stake over the coming weeks or month. This is just a start. I think he will… Source link

(Bloomberg) — Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. Most Read from Bloomberg Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday in a regulatory filing. The gain marked the stock’s biggest intraday increase since its first day of trading following the company’s 2013 initial public offering. The stake is worth about $2.89 billion, based on… Source link

By Nivedita Balu (Reuters) – Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a rise of more than 27% in the company’s shares. Musk’s move, revealed in a regulatory filing, comes on the heels of his tweet that he was giving “serious thought” to building a new social media platform, while questioning Twitter’s commitment to free speech. He also started a poll asking Twitter… Source link

Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, attends the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021.Marco Bello/AFP/Getty Images Jack Dorsey said “centralizing discovery and identity into corporations really damaged the internet.” The Twitter founder, who resigned as CEO in November, said he partially blamed himself. Dorsey has previously supported efforts to decentralize the internet. Twitter founder Jack… Source link

The Los Angeles Lakers got beat up in every facet of the game by the Phoenix Suns on Sunday in a 140-111 thrashing, and it was a total embarrassment for LeBron James and company. After L.A. took a 6-2 lead, the Suns scored 14 unanswered points, and they became a supernova from there, scoring a ridiculous 48 points in the first quarter. LeBron James was able to reach a singular and incredible milestone, but it feels empty, as winning world championships is the most important thing for his… Source link