Elon Musk offers to buy Twitter, says it needs to be transformed
2 years, 8 months ago

Elon Musk offers to buy Twitter, says it needs to be transformed

Al Jazeera  

Offer comes after Musk, who owns nine percent of Twitter’s shares, said he will not be joining the company’s board of directors. Twitter Inc said in a regulatory filing that Musk, who currently owns slightly more than nine percent of the company’s stock and is its biggest shareholder, provided a letter on Wednesday that contained a proposal to buy the remaining 91 percent of shares. “The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders,” Twitter said as it confirmed it received Musk’s bid valuing the company at $43.4 billion. At that point, Twitter quickly gave Musk a seat on its board on the condition that he not own more than 14.9 percent of the company’s outstanding stock, according to a filing.

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History of this topic

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
3 weeks, 6 days ago

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Associated Press  

DETROIT — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter posted by Musk on the platform now called X, his lawyer Alex Spiro …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
4 weeks ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Oh Gary, how could you: Elon Musk mocks US body amid Twitter stock probe
4 weeks ago

Oh Gary, how could you: Elon Musk mocks US body amid Twitter stock probe

India Today  

Elon Musk reignited his ongoing dispute with the US Securities and Exchange Commission on Thursday by posting a letter on X, revealing that the US Securities and Exchange Commission has reopened its investigation into his brain-chip company, Neuralink. “Oh Gary, how could you do this to me?” Elon Musk said, addressing SEC Chair Gary Gensler in the post alongside a …

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale
Trending News
1 month, 2 weeks ago

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale

Live Mint  

Can Elon Musk make a run at acquiring MSNBC? Musk, who hasn’t been shy about his criticisms of MSNBC, calling the network “utter scum of the Earth," fueled that story line in an exchange on X, the social-media platform he owns. “We are looking forward to the planned spin of our cable networks, which will create a new company owned …

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’
1 month, 2 weeks ago

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’

Hindustan Times  

Elon Musk, the Tesla CEO and SpaceX, has hinted that he might be considering purchasing MSNBC, a leftist cable news network. Elon Musk, the richest man in the world inquired, “How much does it cost?”, hinting at his plans to buy MSNBC. The richest man in the world inquired, “How much does it cost?” “The most entertaining outcome, especially if …

‘Funniest idea ever’: Elon Musk and Donald Trump Jr suggest buying MSNBC
1 month, 2 weeks ago

‘Funniest idea ever’: Elon Musk and Donald Trump Jr suggest buying MSNBC

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Elon Musk, the world’s richest man, jokingly suggested that he …

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'
1 month, 2 weeks ago

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'

India Today  

The rivalry between Tesla and SpaceX CEO Elon Musk and Amazon founder Jeff Bezos has once again come into the spotlight. Musk recently claimed on social media platform X, formerly Twitter, that Bezos had advised people to sell their Tesla and SpaceX shares, predicting Donald Trump's electoral defeat. In a post on X, Musk wrote, "Just learned tonight at Mar-a-Lago …

Will Elon Musk join Donald Trump’s new administration?
Trending News
2 months ago

Will Elon Musk join Donald Trump’s new administration?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s transformation of X, …

Elon Musk’s Twitter Takeover Set Off a Race to the Bottom
55 years ago

Elon Musk’s Twitter Takeover Set Off a Race to the Bottom

Wired  

In the final lead-up to the US presidential election, Elon Musk has thrown the full weight of his celebrity and his resources behind former president and Republican nominee Donald Trump. “In a race to the bottom, Elon Musk paved the way for a new, toxic tech basement,” says Nora Benavidez, senior counsel at the nonprofit Free Press. “Yet, as long …

Twitter brain drain: Academic exodus followed Elon Musk’s takeover
2 months, 2 weeks ago

Twitter brain drain: Academic exodus followed Elon Musk’s takeover

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s takeover of Twitter in 2022 triggered an exodus of academics from …

SEC wants Elon Musk sanctioned after he skipped Twitter testimony to watch a rocket launch
3 months, 3 weeks ago

SEC wants Elon Musk sanctioned after he skipped Twitter testimony to watch a rocket launch

Salon  

The Securities and Exchange Commission is seeking sanctions against Elon Musk after he no-showed a planned testimony concerning his purchase of Twitter earlier this month. The SpaceX head was ordered to testify as part of an ongoing SEC investigation into his 2022 purchase of Twitter for $44 billion, probing whether Musk intentionally failed to make proper legal disclosures when buying …

Elon Musk ditched by his own employees? Tesla, SpaceX and X workers donate more to Trump's rival Kamala Harris
3 months, 3 weeks ago

Elon Musk ditched by his own employees? Tesla, SpaceX and X workers donate more to Trump's rival Kamala Harris

Hindustan Times  

Billionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Trump's Democratic rival Kamala Harris. Employees at Elon Musk's rocket company SpaceX have donated $34,526 to Harris versus $7,652 to Donald Trump. Workers at Tesla have contributed $42,824 to Harris' presidential campaign …

‘How Elon Musk Destroyed Twitter’ authors say platform is ‘a tool for controlling political discourse’
3 months, 4 weeks ago

‘How Elon Musk Destroyed Twitter’ authors say platform is ‘a tool for controlling political discourse’

LA Times  

Elon Musk’s ownership of Twitter is the subject of a new book, “Character Limit: How Elon Musk Destroyed Twitter,” out Sept. 17. On the Shelf Character Limit: How Elon Musk Destroyed Twitter By Kate Conger and Ryan Mac Penguin Press: 480 pages, $32 If you buy books linked on our site, The Times may earn a commission from Bookshop.org, whose …

Elon Musk's X cites exactly when they are shutting down San Francisco HQ
4 months, 1 week ago

Elon Musk's X cites exactly when they are shutting down San Francisco HQ

Hindustan Times  

Elon Musk's X, the social media platform formerly known as Twitter, has announced the official closure date of its San Francisco headquarters, marking the end of an era for the company that began in the city nearly two decades ago. FILE PHOTO: 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as …

Elon Musk sued by former Twitter board member Omid Kordestani over shares
4 months, 4 weeks ago

Elon Musk sued by former Twitter board member Omid Kordestani over shares

The Hindu  

X owner Elon Musk was sued by a former Twitter board member, Omid Kordestani, who said he was owed more than $20 million in shares that the billionaire had not given him, per The New York Times. In 2022, when billionaire Elon Musk proceeded to buy the social media platform for around $44 billion, Kordestani helped in the process. However, …

Elon Musk revived L.A. aerospace with SpaceX. Will it thrive without him?
5 months, 3 weeks ago

Elon Musk revived L.A. aerospace with SpaceX. Will it thrive without him?

LA Times  

An employee walks across the bridge from parking to SpaceX in Hawthorne. This week, the Hawthorne company’s future in the region was thrown into doubt when Musk posted on X that he planned to move SpaceX’s headquarters to the outskirts of Brownsville, Texas, where it is developing its massive Starship rocket for planned trips to the moon and, someday, Mars. …

Why Bernie Sanders is thanking Elon Musk
5 months, 3 weeks ago

Why Bernie Sanders is thanking Elon Musk

Raw Story  

U.S. Sen. Bernie Sanders on Tuesday took the unusual step of applauding Elon Musk—but not for reasons that the Tesla CEO and world's richest man would likely find flattering. In the wake of reports indicating that Musk plans to inject $45 million per month into a new super PAC supporting former President Donald Trump's bid for another four years in …

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
6 months ago

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Hindustan Times  

Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake. Investors in the proposed class action said Musk and his wealth manager Jared Birchall knew a U.S. Securities and Exchange …

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong
6 months, 3 weeks ago

Column: Elon Musk thinks Tesla’s investors love him. He’s very wrong

LA Times  

Elon Musk won two big shareholder votes at Tesla on Thursday, but that may not be good for Tesla shareholders. No one who has followed the career of that famously self-effacing and modest business leader Elon Musk could have expected him to boast openly about having secured approval from Tesla shareholders for two important initiatives: moving the company’s state of …

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package
6 months, 4 weeks ago

'Thanks For Your Support': Elon Musk Says Tesla Shareholders Voting For His USD 56 Billion Pay Package

News 18  

Tech billionaire Elon Musk on Thursday said that Tesla shareholders are voting to approve his $56 billion pay package and to move the electric vehicle maker’s legal home to Texas. The resounding endorsement by shareholders of unprecedented remuneration terms in US corporate history may alleviate worries about Musk’s tenure at Tesla, while bolstering the company’s position in challenging a court …

Engineers sue Elon Musk and SpaceX, saying the company mirrored his juvenile, crude X posts
6 months, 4 weeks ago

Engineers sue Elon Musk and SpaceX, saying the company mirrored his juvenile, crude X posts

LA Times  

Elon Musk, shown at a Hollywood event in April, is the subject of a lawsuit that spotlights crude social media posts and alleges retaliatory firings. In one post highlighted in the complaint, Musk posted to Chad Hurley, the former CEO of YouTube, “if you touch my wiener, you can have a horse.” In another instance, he posted a picture of …

Elon Musk ‘secretly acquired’ Twitter stock before buying company, Morgan Stanley covered up: Report
7 months, 1 week ago

Elon Musk ‘secretly acquired’ Twitter stock before buying company, Morgan Stanley covered up: Report

Hindustan Times  

Elon Musk secretly acquired a major stake in Twitter in early 2022 before eventually buying the social media platform. The banker, who remains unidentified, offered Elon Musk and his business manager Jared Birchall regular updates on “trading strategies to avoid public detection” and “‘Money Saved’ by hiding these trades from the market,” the lawsuit showed. Elon Musk ended acquired a …

Elon Musk to become a policy advisor if Donald Trump returns to White House?
7 months, 1 week ago

Elon Musk to become a policy advisor if Donald Trump returns to White House?

Hindustan Times  

Donald Trump may choose Tesla and SpaceX CEO Elon Musk as a policy adviser if he reclaims the White House in November's election, it was reported. Elon Musk also informed Donald Trump about his influence campaign through which he is convincing US business leaders not to support Joe Biden who is seeking a second term. Trump campaign spokesperson Brian Hughes …

Trump considering Elon Musk for advisory role in second administration
7 months, 1 week ago

Trump considering Elon Musk for advisory role in second administration

Salon  

Donald Trump is reportedly considering Elon Musk for an advisory role during a possible second term, deepening the already present ties between a new Trump administration and the nation’s wealthiest business owners. Per The Wall Street Journal, the pair correspond by cell phone multiple times per month and, according to people familiar with their talks, "the role hasn’t been fully …

Twitter Is Dead, Long Live the Portal
55 years ago

Twitter Is Dead, Long Live the Portal

Wired  

Leah Feiger: I can't wait to hear about all of that. But from 2020 onwards, once Donald Trump got kicked off the platform and there was a major shutdown on content in relation to Covid-19 and the vaccines, he became increasingly outraged at what he saw as this over-censorious thing where he felt that people of a certain viewpoint were …

Twitter is now x.com officially, Elon Musk announces complete domain transition
7 months, 3 weeks ago

Twitter is now x.com officially, Elon Musk announces complete domain transition

Hindustan Times  

When users visited twitter.com today, they were redirected to x.com. We are letting you know that we are changing our URL, but your privacy and data protection settings remain the same.” Elon Musk has now completely rebranded Twitter and its domain is now x.com. In a post on X three hours ago, Elon Musk shared that the site formerly known …

Twitter has officially moved over to 'X' domain, confirms Elon Musk
7 months, 3 weeks ago

Twitter has officially moved over to 'X' domain, confirms Elon Musk

Business Standard  

Twitter has moved over to X domain. The move followed brand renaming exercise, which happened in July 2023 soon after Elon Musk took over as CEO of the social media platform. Elon Musk rebranded Twitter to X in July 2023, but Twitter domain remained in service since switching domain has not been as easy going as the logo switch. Now, …

Elon Musk’s X is especially vulnerable to an ad boycott
7 months, 3 weeks ago

Elon Musk’s X is especially vulnerable to an ad boycott

Hindustan Times  

For someone who despises the advertising industry, Elon Musk has a way with viral slogans. Since Mr Musk fired 80% of X’s staff, including many moderators, more bile seems to be leaking through the filters. In September Mr Musk said that X’s American ad business was down by 60%. Even before GFY, Insider Intelligence, another research firm, expected X’s worldwide …

Why Elon Musk needs lawyer approval to tweet about his own company Tesla
8 months, 1 week ago

Why Elon Musk needs lawyer approval to tweet about his own company Tesla

Hindustan Times  

The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation …

From domestic violence to terrorism and war, social media is a thread that connects all the issues that now challenge us
8 months, 2 weeks ago

From domestic violence to terrorism and war, social media is a thread that connects all the issues that now challenge us

ABC  

It has become a standard, if unfortunate, part of Australian politics in recent years for politicians to pick up and run with some incident to crystallise public sentiment on an issue and let the media debate rage on it. Social media is a thread that has run through all these stories: from the misinformation and disinformation spread about the Bondi …

Explosive book claims Elon Musk bought Twitter, fired former CEO Parag Agrawal for a petty reason
10 months, 4 weeks ago

Explosive book claims Elon Musk bought Twitter, fired former CEO Parag Agrawal for a petty reason

Firstpost  

In a rather explosive proclamation, an investigative book that follows the messy acquisition of Twitter by Elon Musk claims that the now CTO of X bought the social media platform and fired former Twitter CEO Parag Agrawal because of Elon Musk’s feud with a college student which was tracking his private jet. According to excerpts from “Battle for the Bird,” …

Musk wants Tesla investors to vote on moving corporate registration to Texas
11 months, 1 week ago

Musk wants Tesla investors to vote on moving corporate registration to Texas

Associated Press  

Elon Musk wants Tesla investors to decide on moving the company’s corporate listing to Texas after a Delaware court decided he shouldn’t get a multibillion-dollar pay package. The electric car company’s CEO said early Thursday that Tesla would get shareholders to vote on whether to switch its corporate registration to Texas, where its physical headquarters is located. “Tesla will move …

Elon Musk's X shed 1,000 employees across team tasked to combat online hate
11 months, 4 weeks ago

Elon Musk's X shed 1,000 employees across team tasked to combat online hate

Hindustan Times  

Amid rise in "hateful and toxic" content on the platform, Elon Musk's X told an Australian watchdog that it has shed around 1,000 employees from its 'safety' team, which is responsible for stopping abusive content online. The online regulator said that Elon Musk's takeover of X, formerly Twitter, coincided with a spike in "toxicity and hate" on the platform. The …

X/Twitter is now worth less than a third of what Elon Musk bought it for, investor believes
1 year ago

X/Twitter is now worth less than a third of what Elon Musk bought it for, investor believes

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s X is worth less than a third of what he paid …

Elon Musk appeals to Supreme Court in SEC ‘Twitter Sitter’ dispute
1 year, 1 month ago

Elon Musk appeals to Supreme Court in SEC ‘Twitter Sitter’ dispute

Live Mint  

Elon Musk asked the US Supreme Court to consider invalidating an agreement with the Securities and Exchange Commission to have his posts about Tesla Inc. on his X social media network screened in advance. The provision “is a quintessential prior restraint that the law forbids,” argued Musk, the chief executive of Tesla and owner of X Corp., formerly known as …

Elon Musk’s ChatGPT-killer xAI to raise $1 billion to invest in Grok, other bots, take on OpenAI
1 year, 1 month ago

Elon Musk’s ChatGPT-killer xAI to raise $1 billion to invest in Grok, other bots, take on OpenAI

Firstpost  

Elon Musk-led xAI, the makers of ChatGPT-killer Grok, is planning to raise a $1 billion investment by offering equity shares. xAI faces competition from companies such as OpenAI, creator of ChatGPT, in which Musk was involved before departing in 2018 xAI, the artificial intelligence startup founded by tech mogul Elon Musk, has filed with the Securities and Exchange Commission to …

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.
1 year, 1 month ago

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.

Slate  

What does Elon Musk want with Twitter? Yes, Musk had said he didn’t “care about the economics at all” and that buying Twitter was a matter of his ideological commitment to free speech. Antagonizing his old advertisers points in the exact same direction that Musk’s boring endorsement of antisemitism pointed: He is no longer interested in salvaging Twitter as a …

Elon Musk's X reprimanded after disinformation safety feature scrapped
1 year, 1 month ago

Elon Musk's X reprimanded after disinformation safety feature scrapped

ABC  

An independent committee has found that X, formerly Twitter, was in breach of Australia's voluntary misinformation and disinformation code, and has withdrawn it as a signatory. Key points: X removed the mechanism for reporting misinformation posted on its platform The ability to report misinformation is a key tenet of the ACPDM code The code is voluntary X removed the mechanism …

Did Elon Musk break Twitter – or did Twitter break him?
1 year, 1 month ago

Did Elon Musk break Twitter – or did Twitter break him?

The Independent  

The bad news for Ben Mezrich and his book about Elon Musk’s “most controversial corporate takeover in history” is that Hollywood has just paid several million dollars for an Elon Musk biopic, directed by Darren Aronofsky, based on Walter Isaacson’s biography of the world’s richest man. In October 2022, having leveraged a modest 9 per cent shareholding into a quixotic …

A year after Elon Musk bought Twitter, X is now a 'worthless' platform some say is no longer safe for activists
1 year, 2 months ago

A year after Elon Musk bought Twitter, X is now a 'worthless' platform some say is no longer safe for activists

ABC  

It has been just over a year since billionaire Elon Musk strode into the Twitter headquarters in San Francisco gleefully brandishing a bathroom sink. Yadanar Maung, a Justice For Myanmar spokesperson, said cybersecurity and privacy threats have increased for the group since Mr Musk's takeover and so too has the platform's "compliance with requests from authoritarian regimes". "Human rights activists …

Israel warns Elon Musk against offering communication support to Gaza
1 year, 2 months ago

Israel warns Elon Musk against offering communication support to Gaza

Hindustan Times  

Hours after billionaire Elon Musk offered to provide communication links in war-torn Gaza, Israel said that it would “use all means at its disposal to fight this”. Israel's communication minister Shlomo Karhi expressed apprehension that Musk's communication links could be used by Hamas militants for “terrorist activities.” "HAMAS will use it for terrorist activities," Karhi wrote. On Saturday, Musk said …

Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline
1 year, 2 months ago

Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline

The Hindu  

One year ago, billionaire and new owner Elon Musk walked into Twitter's San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X. X looks and feels something like Twitter, but the more time you spend on it the …

Elon Musk bought Twitter one year ago. Here’s everything he broke there.
1 year, 2 months ago

Elon Musk bought Twitter one year ago. Here’s everything he broke there.

Slate  

He didn’t want to, but Elon Musk closed his purchase of Twitter one year ago. The lawyers representing Twitter’s outgoing board of directors were better than Musk’s—or, maybe more accurately, had a close-to-ironclad case against a reputably brilliant billionaire who tried to call “backsies!” on a contract he’d inked. Related From Slate The Elon Effect Is Real: Twitter Users Are …

Twitter takeover: 1 year later, X struggles with advertising, usage
1 year, 2 months ago

Twitter takeover: 1 year later, X struggles with advertising, usage

Associated Press  

SAN FRANCISCO — One year ago, billionaire and new owner Elon Musk walked into Twitter’s San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X. X looks and feels something like Twitter, but the more time you spend …

One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets
1 year, 2 months ago

One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets

Live Mint  

The banks that financed Elon Musk’s $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets. Seven banks including Morgan Stanley, Bank of America and Barclays lent Musk around $13 billion to buy Twitter a year ago this coming Friday. But investor appetite for Twitter, which Musk has since renamed X, …

The chaos at X since Elon Musk’s takeover has gotten worse
1 year, 2 months ago

The chaos at X since Elon Musk’s takeover has gotten worse

Al Jazeera  

A flood of fake news, multiple changes in policies may keep advertisers off X, threatening its business model. “ erosion of trust, both from users and advertisers, coupled with the heightened risk of disinformation and misinformation, should cause worry for X’s future prospects,” said Zachary Weiner, CEO of communications agency Emerging Insider which focuses on media, publishers, and the entertainment …

Commentary: Elon Musk bought Twitter just to break it. With a new war, we’re paying the price
1 year, 3 months ago

Commentary: Elon Musk bought Twitter just to break it. With a new war, we’re paying the price

LA Times  

It’s been nearly a year since Elon Musk acquired Twitter, and more than the average landlord, he’s made some changes to the storefront: replacing the social media platform’s cheerful winged mascot with an ominous “X,” stripping all but paying subscribers of verified status, and turning it from a frenetic crossroads of breaking news and opinion to a playground for falsehoods …

US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition
1 year, 3 months ago

US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition

Associated Press  

The Securities and Exchange Commission said Thursday it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X. But “two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear,” said the agency’s filing. Musk’s attorney, Alex Spiro, said …

U.S. ad revenue at Elon Musk's X declined each month since takeover: Report
1 year, 3 months ago

U.S. ad revenue at Elon Musk's X declined each month since takeover: Report

The Hindu  

Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in October 2022, according to third-party data provided to Reuters. X's chief executive, Linda Yaccarino, is expected to meet on Thursday with bank lenders who helped finance Musk's acquisition to outline the …

U.S. regulators seek to compel Elon Musk to testify in Twitter acquisition investigation
1 year, 3 months ago

U.S. regulators seek to compel Elon Musk to testify in Twitter acquisition investigation

LA Times  

The SEC said in a filing that Elon Musk failed to appear for testimony on Sept. 15 despite an investigative subpoena. The Securities and Exchange Commission said Thursday that it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X. But “two days before his …

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