Elon Musk

Elon Musk Files Countersuit Against Twitter, But Details Confidential

Tesla and SpaceX CEO Elon Musk on Friday filed a countersuit against Twitter, details of which are yet to be made public — reports CNBC. The two parties have been embroiled in a legal battle after Musk announced earlier this month that he was "terminating" his bid to buy Twitter for $44 billion USD. According to Musk's...

Twitter-Elon Musk Trial to Kick Off October 17

Tesla and SpaceX CEO Elon Musk is scheduled to meet Twitter in the Delaware Court of Chancery in October for a trial over his agreement to acquire the social media company for $44 billion USD — reports The Verge. Musk announced earlier this month that he was "terminating" his bid to purchase Twitter due to disagreements...

Twitter Blames Disappointing Q2 on Elon Musk Takeover

Twitter has said its less than stellar second-quarter financials are a result of ongoing uncertainty around Tesla, SpaceX CEO Elon Musk's proposed $44 billion USD acquisition of the social media company — reports The Guardian. The company reported $1.18 billion USD in revenue for Q2, down 1% year-over-year. Twitter attributed the decline to "advertising industry headwinds...

Elon Musk’s Lawyers Say ‘Warp Speed’ Twitter Trial Should Begin in 2023

After Twitter filed a lawsuit against Elon Musk to force its $44 billion acquisition to close, the Tesla CEO’s lawyers have responded, according to filings on Friday. According to Bloomberg, Musk’s legal team says Twitter officials are pushing for an unfair four-day “warp speed” trial for September. Musk’s team wants a trial to take place...

Elon Musk Tweets Memes in Response to Twitter’s Legal Action Threat

Following Tesla CEO Elon Musk's announcement to terminate the merger agreement to buy Twitter, the social media network said it will take legal action against the billionaire, to which Musk has now responded with memes featuring actor Chuck Norris (via CNET). Last week, Musk pulled out of a $44 billion deal to buy the social network,...

Elon Musk Terminates Bid to Buy Twitter Due to ‘Material Breach: Letter

Tesla CEO Elon Musk has announced he is “terminating” the merger agreement to buy Twitter, according to a filing with the SEC. The letter is written by Musk’s lawyer, Mike Ringler from Skadden, Arps, Slate, Meagher & Flom LLP. "Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of...

Leaked: Watch Elon Musk’s All-Hands Meeting With Twitter [VIDEO]

Elon Musk on Thursday had an all-hands meeting with Twitter employees for the first since he tendered his offer to buy the social media platform for $44 billion USD. While the virtual meeting wasn't open to the public, it wasn't long before a recording of the entire call leaked online. Check out the full meeting...

Twitter to Comply with Elon Musk’s Request for Spam and Bot Data: Report

Twitter’s board plans to comply with Elon Musk’s request to obtain internal spam and bot data, reports unnamed sources speaking to the Washington Post. The Twitter “firehose”, which consists of 500 million daily tweets, will be provided to Musk, who earlier this week threatened to walk away from the $44 billion deal, citing a “material...