Twitter denies Musk’s assertions that he was duped
Elon Musk claimed in a court document filed in Delaware that he was duped into signing the agreement to purchase the social media business, but on Thursday—Twitter Inc (TWTR.N) rejected this assertion, calling it unrealistic and untrue. The allegations were made by Musk in a countersuit that was filed last Friday and was publicly disclosed […]
Twitter questions centre on Musk’s efforts to scuttle a $44 billion deal
Elon Musk’s $44 billion takeover bid for Twitter Inc. (TWTR.N) is being investigated by Twitter Inc. (TWTR.N), according to legal experts, who are also trying to determine why he backed out of the transaction. As per the documents filed over the last two days in the Delaware Court of Chancery, Twitter served dozens of civil […]
Elon Musk says Twitter legal team told him he violated an NDA
Elon Musk on Saturday tweeted that Twitter Inc’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100. Musk tweeted that Twitter legal just called to complain that he violated their NDA by revealing the bot check sample size is […]
Tech firms asks US supreme court to block Texas social media law
Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the U.S. Supreme Court, seeking to block a Texas law that prohibits large social media platforms from banning users based on their political views. The Texas law went into effect when the 5th U.S. Circuit Court of Appeals granted the state’s […]
Tesla loses $ 126 BLN in value amid Musk Twitter deal funding concern
Tesla Inc lost $126 billion in value amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc. Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk declined to disclose […]
Musk tweets cryptic phrase days
Billionaire entrepreneur Elon Musk tweeted a series of dashes for a missing word followed by “is the Night”, days after he offered to buy Twitter Inc for $43 billion. The offer from Musk, who has hinted at the possibility of a hostile bid, has prompted the social media company to adopt a “poison pill” to protect […]
Musk takes 9% stake in Twitter
Tesla Inc top boss Elon Musk revealed a 9.2% stake in Twitter Inc, likely making him the biggest shareholder in the micro-blogging site and triggering a 23% rise in its shares. Musk’s move comes close on the heels of his tweet that he was giving a serious thought to building a new social media platform. A […]
Brazil’s supreme court suspends Telegram
Brazilian Supreme Court Justice Alexandre de Moraes ordered the suspension of messaging app Telegram. They said that it had repeatedly refused to adhere to judicial orders to freeze accounts spreading disinformation. Telegram founder and CEO Pavel Durov apologized for the company’s negligence, and asked the court to delay its ruling for a few days as […]
Twitter opens applications to test new content subscription features
Twitter Inc said that it will seek applications from users who want to be the first to test new content subscription and ticketing features. This will enable this social platform work to build more ways for users to earn money. Twitter users can apply to get first access to “Super Follows.” This will let them […]
India to Twitter: Comply with IT rules or face ‘unintended consequences’
India told Twitter that it has one last chance to comply with the new IT rules. Or else they have to face unintended consequences according to an official letter. The new rules that were announced in February that became effective are mostly aimed at regulating the contents on social media. This makes firms such as […]