Elon Musk

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...

Elon Musk Twitter Deal Clears Antitrust Waiting Period, Shareholder Vote Next

Twitter said on Friday that Tesla CEO Elon Musk's $44 billion USD offer for Twitter has cleared the federal waiting period for objections from antitrust regulators — reports The Wall Street Journal. The social media giant said that the 30-day waiting period for the Federal Trade Commission and Justice Department to evaluate a proposed transaction and...

SEC to Probe Elon Musk’s Disclosure of Ownership Stake in Twitter

The U.S. Securities and Exchange Commission (SEC) has today revealed on its official website that it is investigating Tesla CEO Elon Musk's early April disclosure of an ownership stake in Twitter, Axios reports. Ahead of his $44 billion agreement to acquire the social media platform, Musk had disclosed his 9.2% position in the company much later than...