The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk’s disclosure of his stake in Twitter Inc in early April, according to a letter the agency sent to him that month. In the letter, now made public by the SEC, the regulator asks Musk why it appears he did […]
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Elon Musk is dropping plans to partially fund his purchase of Twitter Inc with a margin loan tied to his Tesla Inc stake and increasing the size of the deal’s equity component to $33.5 billion. Musk will provide an additional $6.25 billion in equity financing for the $44 billion buyout, according to a regulatory filing […]
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Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet. Shares of the social media company fell 20% […]
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Elon Musk said Twitter Inc. would comply with the European Union’s rules on content if he completes his proposed takeover, despite his plans to loosen restrictions on the network. After meeting Musk in Texas on Monday, Thierry Breton, the EU’s internal market commissioner, said that he and the Tesla Inc. chief executive officer agreed on […]
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Tesla Inc Chief Executive Elon Musk said on Monday he wants to expand the reach of Twitter beyond the current “niche” until most Americans use the social media platform. Musk has signed a deal to buy Twitter for $44 billion, raising questions among employees and the public about his strategy for running the social media […]
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For all the furor about which way Elon Musk might tilt US political discourse after getting the keys to Twitter Inc, his biggest challenges may emerge across the Pacific. Asia, home to more than half the world’s population, is Twitter’s biggest growth opportunity and arguably a far thornier challenge. If the Tesla Inc. and SpaceX […]
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Since his deal to take over Twitter became public, Elon Musk has posted a number of tweets and replies indicating how he plans to make changes to the platform’s core product. And one aspect that Musk has talked about is the need to ‘authenticate’ all humans. In fact, even before the deal was made official, […]
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