Tag Archives: Twitter

Last week, Elon Musk said that he was ending his bid to buy Twitter (TWTR) — prompting the social media platform to almost immediately fire back, calling his effort to terminate the deal “invalid and wrongful.” So, what’s next? It’ll definitely get messier from here, for one. Musk could be on the hook for a $1 billion reverse breakup fee and, on top of that, the merger agreement features a “specific performance” clause that could theoretically force the Tesla (TSLA) CEO to close the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, July 11, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. As my career has soldiered on, I have come to terms with one thing: rich, powerful people are going to do whatever they damn well please. The reason for that is pretty simple — they have… Source link

After missing the final run of his rookie campaign and his full sophomore season, James Wiseman made his long-awaited return to the court in the NBA Summer League on Sunday against the San Antonio Spurs. Wiseman didn’t waste time in his Summer League debut. For the Golden State Warriors’ first points of the game, The 2020 No. 2 overall pick hammered down a lob dunk from Jonathan Kuminga. The alley-oop dunk in the opening seconds was just the start of an impressive debut in the Summer… 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

Elon Musk could face paying billions after walking away from the Twitter deal.Angela Weiss/Getty Images Elon Musk may be on the hook for billions after abandoning his Twitter deal, an NYU professor said. Musk walked away from the deal Friday, blaming its failure to disclose the number of fake accounts. Experts told Reuters that Twitter may try to negotiate a lower price with the Tesla CEO. Elon Musk could face paying out billions of dollars after walking away from a deal to buy Twitter, an… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. App Annie says global spending across iOS and Google Play is up to $135 billion in 2021, and that figure will likely be higher when its… Source link

Elon Musk on Friday announced he was backing out of his $44 billion Twitter acquisition bid, blaming the social media platform’s alleged lack of transparency regarding bots on the site. As both sides prepare for a lengthy court battle, some Twitter influencers are floating an alternate theory for the change of heart: The bots were never the problem, merely a vehicle through which to covertly sell Tesla options that were about to expire. “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5… Source link

By Greg Roumeliotis (Reuters) – Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor https://twitter.com/btaylor/status/1545526087089696768?s=20&t=7sx_IvK_zZkztdHdh8pwQQ, said on the micro-blogging platform that the board planned to pursue legal action to enforce the merger… 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

Elon Musk attends the 2022 Costume Institute Benefit celebrating In America: An Anthology of Fashion at Metropolitan Museum of Art on May 02, 2022 in New York City.Sean Zanni/Patrick McMullan via Getty Images Elon Musk has taken a strong stance on office work, requiring it from his Tesla employees. Musk might soon own Twitter and had a town hall with employees Thursday. Pushing back on the company’s current hybrid structure, he said people should be in the office. Elon Musk prefers employees in… Source link