What people are saying about Elon Musk’s purchase of Twitter

What people are saying about Elon Musk’s purchase of Twitter

U.S. billionaire Elon Musk became Twitter Inc’s owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. Here’s what people are saying about the purchase. STEVE JOHNSON, CHIEF INVESTMENT OFFICER, FORAGER FUNDS MANAGEMENT, SYDNEY: “It’s been a heck […]

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Twitter is losing its most active users, internal documents show

Twitter is losing its most active users, internal documents show

“Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active users – who are vital […]

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Musk sends fresh letter to scrap Twitter deal after whistleblower claims

Musk sends fresh letter to scrap Twitter deal after whistleblower claims

Elon Musk has sent an additional letter of deal termination to Twitter Inc after the world’s richest person subpoenaed a whistleblower seeking documents on how the social media company measures spam accounts. Musk walked away from a $44-billion offer for Twitter in July saying the company misled him and regulators about the true number of […]

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Judge orders Twitter to give Elon Musk former executive’s documents

Judge orders Twitter to give Elon Musk former executive’s documents

Twitter was ordered to collect, review and produce documents from former General Manager of Consumer Product Kayvon Beykpou Twitter was ordered to collect, review and produce documents from former General Manager of Consumer Product Kayvon Beykpou Twitter Inc needs to give Elon Musk documents from a former Twitter executive who Mr. Musk said was a […]

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Twitter rejects Musk’s claims that he was hoodwinked

Twitter rejects Musk’s claims that he was hoodwinked

Twitter Inc on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims in a countersuit filed under seal last Friday, which was made public on Thursday. “According […]

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Musk response to Twitter lawsuit to be made public by Friday

Musk response to Twitter lawsuit to be made public by Friday

Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday.Attorneys for Musk wanted to file a public version of their answer and counterclaims in Delaware court Wednesday. But […]

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Elon Musk files countersuit under seal vs Twitter over  bln deal

Elon Musk files countersuit under seal vs Twitter over $44 bln deal

Elon Musk countersued Twitter Inc on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. While the 164-page document was not publicly available, under court rules a redacted version could soon be made public. Musk’s lawsuit was […]

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Twitter claims Musk is ‘slow-walking’ trial over  billion deal

Twitter claims Musk is ‘slow-walking’ trial over $44 billion deal

The two sides will make their arguments about the trial’s proposed start date to a Delaware Court of Chancery judge on Tuesday The two sides will make their arguments about the trial’s proposed start date to a Delaware Court of Chancery judge on Tuesday Twitter Inc on Monday accused Elon Musk of trying to “slow […]

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Elon Musk seeks to block Twitter request for expedited trial

Elon Musk seeks to block Twitter request for expedited trial

Elon Musk filed a motion on Friday opposing Twitter Inc’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial in two months should be […]

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