Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission. […]
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Elon Musk and a group of his advisers have tightened their grip over Twitter, meeting with company executives to work on layoffs, ordering up product changes, talking with advertisers and reviewing content moderation policies, according to more than a dozen current and former employees involved in the efforts. The priorities for the world’s richest man […]
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Imagine: Elon Musk, known for his delight in defying authority, is ordered to move ahead with his $44 billion purchase of Twitter Inc — and refuses. It’s an unusual scenario, but one in which the court would have tools to enforce its orders. It could slap an epic fine on Musk, appoint receivers to get […]
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Elon Musk’s arrival at the Allen & Co Sun Valley Conference delivered a jolt to the annual gathering of media and technology executives this week, where the headline-making typically happens beyond the prying eyes of the media. Musk is scheduled to be interviewed on stage Saturday at the Sun Valley Lodge resort, less than 24-hours […]
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The Tesla chief executive tweeted on May 13 that the $44 billion acquisition was ‘temporarily on hold’ The Tesla chief executive tweeted on May 13 that the $44 billion acquisition was ‘temporarily on hold’ Twitter Inc will face skeptical shareholders on May 25 during its annual meeting, as doubt remains over whether the social media […]
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Twitter Inc’s board said it plans to enforce its $44 billion agreement to be bought by Elon Musk, saying the transaction is in the best interest of all shareholders. “We intend to close the transaction and enforce the merger agreement,” the board said Tuesday in a statement to Bloomberg News. Directors voted earlier to unanimously […]
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Elon Musk on Saturday that Twitter Inc’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100. Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100! This actually […]
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Twitter CEO Parag Agrawal has a put out a series of tweets explaining why he chose to fire two top executives at the company, stating that he would not avoid making difficult discussions about the company just because the social network was being acquired by Elon Musk. Agrawal fired Kayvon Beykpour, who was head of […]
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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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