Tag Archives: Twitter

CNBC reports: Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 billion in financing, The Wall Street Journal reported Sunday. The social media company had been expected to shoot down the offer and had adopted a so-called poison pill to fend off a potential hostile takeover. But executives …

CNBC reports: A group of 18 House Republicans is asking Twitter’s board to preserve all records related to Elon Musk’s offer to buy the company, setting up a potential congressional probe should the party win back the majority this fall. In letters shared exclusively with CNBC, Republicans on the House Judiciary Committee asked Twitter Board Chairman Bret Taylor and other …

The Daily Beast reports: Elon Musk has secured commitments totaling about $46.5 billion for a possible takeover of Twitter, according to a new filing with the Securities and Exchange Commission. There is still no assurance the deal will go through, though the filing firms up Musk’s earlier $43 billion proposal and the possibility that he could pursue a hostile takeover …

The New York Times reports: Elon Musk is racing to secure funding for his $43 billion bid to buy Twitter. Morgan Stanley, the investment bank working with Mr. Musk on the potential deal, has been calling banks and other potential investors to shore up financing for the offer, four people with knowledge of the situation said. Mr. Musk is first …

Mediaite reports: Florida Gov. Ron DeSantis (R-FL) said at a Tuesday press conference that Florida is looking at potential action against Twitter, Inc. over the recent decision to use a “poison pill” play in an effort to prevent billionaire Elon Musk from taking over. The state’s pension fund, claimed DeSantis, is a Twitter investor. During a presser at The Villages, …

Reuters reports: A federal judge has ruled that Tesla CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false, according to court filings by Tesla investors suing the billionaire over the tweets. The filing said that the court ruled April 1 that Musk’s 2018 tweets were “false and misleading.” The court “held that he …

“The only thing I would tell Elon, if you care about the country, is I actually don’t think Trump should get back on. The reason I am saying that is because with him off we are paying attention to real substance now. “Instead of them pretending the news cycle should be about which Saturday Night Live actor he didn’t like …

CNBC reports: Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday. The board voted unanimously to adopt the plan. Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding …

Mediaite reports: Mark Cuban said Tesla CEO Elon Musk offering to buy Twitter is a way of “fucking with” the Securities and Exchange Commission. Cuban tweeted on Thursday he thinks that Musk is messing with the SEC by purchasing a huge stake in Twitter and hyping a faux takeover in an effort to goose the stock price before selling. Cuban …

Deadline reports: Twitter is said to be weighing a poison pill to prevent Elon Musk from increasing his stake in the company significantly, the Wall Street Journal reported, citing a person familiar with the situation. The defensive strategy, also called a shareholders rights plan, make hostile takeovers more expensive and complicated for a buyer. They allow existing shareholders the right …

The Associated Press reports: Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company’s board of directors. Twitter Inc. said in a regulatory filing on Thursday that Musk provided a letter to the company on Wednesday that contained a proposal to buy the remaining shares of …

CNBC reports: A group of Twitter shareholders are suing Elon Musk for allegedly failing to disclose he had bought a significant stake in the social media company in the right timeframe. The Tesla and SpaceX CEO revealed on April 4 that he had amassed a 9.2% stake in Twitter, leading shares to soar as investors viewed the move as a …

CNBC reports: Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced publicly on Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input. Musk informed Twitter on Saturday morning that he would not, in fact, …

The Washington Post reports: Twitter plans to host Elon Musk for a question-and-answer session with employees after a week of internal outcries over his appointment to the social network’s board of directors, according to company messages obtained by The Washington Post. The announcement from Twitter chief executive Parag Agrawal of the highly unusual internal AMA — which stands for “ask …

The Verge reports: Twitter is experimenting with an “unmentioning” feature that will allow users to remove themselves from conversations. It’s limited to some users and only on the web version for now but looks like a very useful way to clean up your mentions. “We’re experimenting with Unmentioning—a way to help you protect your peace and remove yourself from conversations,” …

Elon Musk will surely take credit for this: It’s a feature that Twitter users have been requesting for so long that it’s become a meme, but now the mythical “edit button” is actually becoming a reality. Twitter has announced that it’s working to allow users to edit their tweets after posting them. The idea is that you’ll be able to …

CNBC reports: Elon Musk will join Twitter’s board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet. Musk’s purchase comes after …

“It’s hard to imagine he bought Twitter shares for the investment. He’s already the world’s richest man, he does not need the money. “Could this be the first move in a hostile takeover of Twitter that transforms Twitter into a platform for free speech? Seems that way. “Elon Musk is not an orthodox conservative but he sees the people in …

CNBC reports: Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for failing to uphold the tenets of free speech. Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to the Securities and …

The Daily Beast reports: Elon Musk said late Saturday that he is giving “serious thought” to creating a new social media platform. His comments, made on Twitter, came after the Tesla CEO sparked speculation with a Twitter thread taking aim at the social media giant. “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to …