Twitter will file a lawsuit against American billionaire and entrepreneur Elon Musk to force him to buy the social media company on the agreed terms, Bret Taylor, Twitter’s board chair, said on Saturday. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. […]
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SpaceX fires several employees who criticised CEO Elon Musk
Elon Musk’s SpaceX has fired several employees involved in writing an open letter that was critical of the billionaire’s public behaviour, according to a media report. SpaceX, the private rocket company in a statement on Thursday said that it fired employees who helped write and distribute an open letter criticizing the behaviour […]
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Elon Musk threatens to ‘abandon’ Twitter deal over merger breach
Openly accusing Twitter of breaching the merger agreement, Elon Musk has threatened to walk away and call off the USD 44 billion acquisition of the social media company for not providing the data he has requested on spam and fake accounts. Musk alleged that Twitter is “actively resisting and thwarting […]
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China may benefit from Elon Musk’s Twitter ownership: Reports
With Tesla CEO Elon Musk’s deal to buy Twitter on hold, Amazon owner Jeff Bezos wondered whether Musk’s ownership of Twitter might benefit China at democracy’s expense. China has banned Twitter since 2009. However, many Chinese citizens have been using proxy servers to escape from the autocratic regime of the […]
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Tesla is on my mind 24/7, says Elon Musk to his worried investors
Tesla CEO Elon Musk on Thursday said that “Tesla is on my mind 24/7,” in an attempt to calm down the investors worried about him being distracted by the Twitter deal that has impacted the stocks of his Tesla car company. While sharing a meme on his Twitter handle he stressed “So may […]
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Elon Musk: 20 pc Twitter accounts fake, deal ‘cannot move forward’ until there’s clarity
Tesla CEO Elon Musk on Tuesday said that he will proceed with his USD 44 billion take over of Twitter only if the microblogging giant is able to prove that less than 5 per cent of its users are bots. “20 pc fake/spam accounts, while 4 times what Twitter claims, […]
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Ukrainian commander makes ‘last appeal of life’ to Elon Musk from besieged Azovstal
While he has stepped in to support war-torn Ukraine with his satellite communication services, the billionaire Elon Musk has received an SOS from the Ukrainian commander Serhiy Volyna and other defenders of the besieged city, who are trapped inside the besieged Azovstal steel plant in Mariupol, for immediate rescue. This […]
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Elon Musk: Twitter deal on hold due to calculation of fake accounts
Tesla CEO Elon Musk on Friday said that the deal to buy the social media platform Twitter is put on hold due to the calculation of fake accounts in it.“Twitter deal temporarily on hold pending details supporting calculaion that spam/fake accounts do indeed represent less than 5 per cent of […]
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Tesla chief Elon Musk says he would reverse Twitter’s ban on Donald Trump
Elon Musk said on Tuesday that he would restore former US President Donald Trump’s banned account on Twitter if his deal to acquire the company is completed. “I think it was a morally bad decision to be clear and foolish in the extreme,” he said at a Future of the […]
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Elon Musk intends to quintuple Twitter’s annual revenue to USD 26.4 bln by 2028: Reports
American billionaire Elon Musk, the founder of electric car-making company Tesla and spacecraft manufacturing company SpaceX, intends to quintuple Twitter’s annual revenue to USD 26.4 billion by 2028, media reported on Saturday. The New York Times cited Musk’s pitch deck presented to investors as saying that he would quintuple Twitter’s […]
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Elon Musk on fun trail says ‘buying Coca Cola next’
In the last 48-hour of his buyout of the micro-blogging site Twitter, billionaire Elon Musk is again on a fun trail. In a flurry of tweets, Musk claimed that he has set eyes on Coca Cola to “put cocaine back in” and “McDonald’s to fix ice-cream machines”. After the multi-billion […]
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Twitter announces Elon Musk will not join board of directors
Microblogging site Twitter on Monday announced that Tesla CEO Elon Musk will not be joining the company’s board of directors. The announcement was made by Twitter CEO Parag Agrawal. “Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” tweeted Agrawal sharing the note. According to the […]
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Elon Musk to resign from Endeavor Board of Directors
Tesla founder Elon Musk will resign from the board of directors of Endeavor Group Holdings, the Hollywood conglomerate whose properties include the William Morris talent agency and Ultimate Fighting Championship. As per The Hollywood Reporter, the company announced Musk’s departure in its annual report with the SEC, saying that his resignation will be effective June 30, 2022. […]
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Elon Musk calls for ‘immediate’ boost in oil and gas production to replace Russian output
Tesla Founder Elon Musk called for an immediate increase in oil and gas production around the world because sustainable solutions cannot replace Russian output. “Hate to say it, but we need to increase oil & gas output immediately,” Musk wrote on Twitter on Friday. “Extraordinary times demand extraordinary measures.” Musk added that although increasing oil and gas production would […]
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Telangana invites Tesla CEO Elon Musk for setting up units in state
Telangana Industry and Commerce Minister KT Rama Rao has made a strong pitch to Elon Musk for setting up units in India saying he would be “happy to partner Tesla in working through the challenges”. Rama Rao’s response came in reply to a tweet from Tesla Founder and CEO Elon Musk a couple of days back in which […]