Elon Musk Has Triggered a Battle for the Future of Twitter
55 years ago

Elon Musk Has Triggered a Battle for the Future of Twitter

Wired  

Elon Musk has offered to buy Twitter for $43 billion, according to a regulatory filing on Thursday. In a letter to Bret Taylor, chair of Twitter’s board, Musk said he had invested in Twitter because “I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.” However, Musk wrote, “I now realize the company will neither thrive nor serve this societal imperative in its current form.” His answer to that is to take the company private. Spokesperson Brenden Lee directed WIRED to a statement saying the company would “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’s share price rose to $48.70 before trading opened on April 14, up more than 6 percent from the day before. “Ultimately, we believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company,” Dan Ives, a tech analyst at investment firm Wedbush Securities, wrote in a note published after the announcement. “It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced to accept this bid and/or run an active process to sell Twitter.” However, this unsolicited bid—which is not a formal hostile takeover—is not a guarantee that Musk will take over the company.

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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
3 weeks, 6 days 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
3 weeks, 6 days 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 …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
1 month ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

Elon Musk loses $56 billion pay package in latest court ruling
1 month ago

Elon Musk loses $56 billion pay package in latest court ruling

Salon  

A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla. Related Why tech billionaires dress …

Is Elon Musk considering buying US media outlet MSNBC?
1 month, 2 weeks ago

Is Elon Musk considering buying US media outlet MSNBC?

Firstpost  

Elon Musk has sparked speculation about acquiring MSNBC after jokingly asking, ‘How much does it cost?’ on X. Musk’s memes and mockery have stirred debates about media control and power, reminiscent of his $44 billion Twitter purchase US President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, …

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 …

‘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 …

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 …

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
2 months, 1 week ago

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

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

Elon Musk tries to walk back ‘go f*** yourself’ comments to woo advertisers who fled X
6 months, 3 weeks ago

Elon Musk tries to walk back ‘go f*** yourself’ comments to woo advertisers who fled X

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Last year, Elon Musk …

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 …

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval
6 months, 3 weeks ago

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval

News 18  

Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record USD 44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. Early Friday, Tesla disclosed that shareholders voted for Musk’s pay package by 1,760,780,650 to 528,908,419, with about …

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote
6 months, 3 weeks ago

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote

Al Jazeera  

Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge. The shareholders’ vote does not necessarily mean Musk will receive the pay package but could bolster Tesla’s appeal against the Delaware ruling against the deal. Under the terms of his 2018 pay deal, Musk agreed to be paid stock worth about 1 percent of Tesla’s …

Elon Musk vows Tesla investors will approve his record £44bn pay deal
6 months, 3 weeks ago

Elon Musk vows Tesla investors will approve his record £44bn pay deal

Daily Mail  

Elon Musk declared victory last night ahead of a vote by Tesla shareholders on his record £44billion pay package. Record pay: Tesla boss Elon Musk said investors were set to approve his £44bn package Influential proxy advisers, Institutional Shareholder Services and Glass Lewis, opposed the deal and Tesla’s eighth-largest shareholder, Norway’s sovereign wealth fund, came out against the package. Dan …

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package
6 months, 3 weeks ago

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package

Associated Press  

DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. After the votes were announced, Musk began telling shareholders about new developments in the company’s “Full Self-Driving” …

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 …

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 …

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 …

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla
8 months, 1 week ago

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla

The Hindu  

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. It also …

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
8 months, 3 weeks ago

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Associated Press  

DETROIT — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. Delaware courts, he said, “want the corporations to disclose and let the shareholders decide.” Musk may not see much legal benefit from moving Tesla’s corporate …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
11 months, 1 week ago

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge

Firstpost  

A judge in Delaware, US has invalidated the $55.8 billion pay package granted to Elon Musk by Tesla in 2018. Judge Kathaleen McCormick ruled that the approval of the pay package by the Tesla board was “deeply flawed.” Elon Musk, Tesla’s CEO and a major shareholder took to his platform X to express his disappointment in the judgement, advising against …

Elon Musk dismisses reports about AI company’s $500 mn funding as ‘fake news’
11 months, 2 weeks ago

Elon Musk dismisses reports about AI company’s $500 mn funding as ‘fake news’

Live Mint  

Tech billionaire Elon Musk has dismissed reports on the $500 million worth of funding plans for his artificial intelligence start-up xAI through posts on social media site X. Replying separately to two users on the site, Musk told one user the information was "simply not accurate" and called the original Bloomberg report "fake news" in reply to another. Contradictory Reports …

Elon Musk Is Realizing He Should Have Bought TikTok
11 months, 4 weeks ago

Elon Musk Is Realizing He Should Have Bought TikTok

Slate  

Elon Musk’s original sin with Twitter is that he forgot how expensive an ideological conquest can be. Ever since Twitter’s old board of directors forced him to close that fall, Musk has been in a push-and-pull between two areas of his brain: One part has told him to save Twitter from the woke mind virus and protect free speech for …

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 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 …

Why Elon Musk can’t stop himself from posting antisemitic tweets.
1 year, 1 month ago

Why Elon Musk can’t stop himself from posting antisemitic tweets.

Slate  

Elon Musk faces a lot of problems in his ownership of the social network once called Twitter. Musk’s humiliation of the moment is that, on the last Friday before Black Friday, Apple is pausing Displaying On Thursday—in a tweeted response to some random antisemite who had fewer than 5,000 followers—Musk made clear how he feels about Jewish people’s treatment of …

Elon Musk says he bought X to save humanity from ‘zombie apocalypse’
1 year, 2 months ago

Elon Musk says he bought X to save humanity from ‘zombie apocalypse’

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk has claimed …

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 …

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, …

Commentary: Elon Musk bought Twitter just to break it. With a new war, we’re paying the price
1 year, 2 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 …

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 …

Elon Musk must face fraud lawsuit for disclosing Twitter stake late
1 year, 3 months ago

Elon Musk must face fraud lawsuit for disclosing Twitter stake late

The Hindu  

Elon Musk was ordered by a US judge to face most of a lawsuit claiming he defrauded former Twitter shareholders last year by waiting too long to disclose that he had invested in the social media company, which he later bought and renamed X. In a decision made public on Monday, US District Judge Andrew Carter said shareholders in the …

What You Get When You Go Into Business With Elon Musk
55 years ago

What You Get When You Go Into Business With Elon Musk

Slate  

Around the time he was buying Twitter last year, Elon Musk borrowed a billion dollars from a different company he owns: SpaceX, which makes rockets. So he might get a lot of things he wants, even if those things don’t seem like they’ll provide much of a benefit to any shareholder of Company B except for, you know, Musk himself. …

Elon Musk took $1 billion loan from SpaceX while acquiring Twitter: Report
1 year, 4 months ago

Elon Musk took $1 billion loan from SpaceX while acquiring Twitter: Report

Live Mint  

Billionaire Elon Musk withdrew a loan of $1 billion from his two-decade-old company ‘SpaceX’ around the same time he was acquiring Twitter for $44 billion, according to a report published by the Wall Street Journal. Last October, SpaceX approved the $1 billion loan which was backed by some of Elon Musk's SpaceX stock. Elon Musk sold a massive chunk of …

The Real Story of Musk’s Twitter Takeover
1 year, 4 months ago

The Real Story of Musk’s Twitter Takeover

Live Mint  

In April 2022, things were going surprisingly well for Elon Musk. “Fixing Twitter by chatting with Parag won’t work," Musk answered. ‘I made an offer.’ Musk says that it became clear to him when he got to Hawaii that he would not be able to fix Twitter or turn it into X.com by going on the board: “I decided I …

Elon Musk reveals Twitter takeover driven by 'woke mind virus' that infected his trans daughter
1 year, 4 months ago

Elon Musk reveals Twitter takeover driven by 'woke mind virus' that infected his trans daughter

The Telegraph  

The purpose of the trip was to introduce their son, X, to her parents. Back in the hotel, Mr Musk texted his decision to Mr Taylor “I have decided to move forward with taking Twitter private.” The tycoon unwound by playing a video game until 5.30am, before tweeting: “I made an offer.” Mr Musk then set about trying to find …

Elon Musk: Twitter will not cut earnings for most users
1 year, 5 months ago

Elon Musk: Twitter will not cut earnings for most users

India TV News  

Elon Musk, the owner of X, recently introduced an ad revenue-sharing program to help creators earn money from their tweets. Musk expressed his discontent with Apple's 30% fee for in-app purchases made through the Twitter app on iOS devices during the first year, which reduces to 15% for subsequent years. Image Source : X APPElon Musk's Tweet X's new creator …

"Straight out of the authoritarian playbook": Hate speech watchdog sued by Musk's X hits back
1 year, 5 months ago

"Straight out of the authoritarian playbook": Hate speech watchdog sued by Musk's X hits back

Salon  

This article originally appeared at Common Dreams. The internet watchdog Center for Countering Digital Hate hit back at billionaire Elon Musk Tuesday after X—his company formerly known as Twitter—sued the organization over its research into the dissemination of hate speech on the social media platform. In a complaint filed Monday in the U.S. District Court for Northern California in San …

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction
1 year, 5 months ago

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction

LA Times  

Before Elon Musk entered the picture, Twitter had a real, and mostly sustainable business model. A reporter for TechCrunch, a website famous for reflecting Silicon Valley optimism, wrote, simply, “It’s trash.” The tech world spent the following days trying to read the tea leaves, to game out Musk’s plans and motives for overhauling — some would say desecrating — one …

$44 billion and eight months later. It’s finally all over for Elon Musk
1 year, 5 months ago

$44 billion and eight months later. It’s finally all over for Elon Musk

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. In just five days, Threads, Meta’s …

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report
1 year, 5 months ago

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report

Hindustan Times  

Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally. Tesla CEO Elon Musk said July 15 that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the …

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