Tag Archives: Twitter

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

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

(Bloomberg) — Twitter Inc. executives told employees on Thursday that the $44 billion deal to sell the company to billionaire Elon Musk is moving forward as planned, and that they won’t renegotiate the agreed-upon price of $54.20 per share. Most Read from Bloomberg Vijaya Gadde, Twitter’s top lawyer and head of policy, also told workers at an all-hands meeting that there is “no such thing as a deal being on hold,” according to people who attended the meeting. She was pushing back on… Source link

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

Elon Musk.Andrew Kelly/Reuters Twitter said on Tuesday it plans to complete its $44 billion merger agreement with Elon Musk. This is despite Musk’s apparent hesitation in recent days to go ahead with negotiations. Both parties had agreed to rules that ensure the deal closes, including a clause that forces a completion. Twitter said it plans to complete its $44 billion merger agreement with Elon Musk, even as the Tesla CEO appears to dither on the deal. “Twitter is committed to completing the… 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.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

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. Global spending across iOS, Google Play and third-party Android app stores in China grew 19% in 2021 to reach $170 billion. Downloads of apps… Source link