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Showing posts with the label ElonMusk

Twitter to take legal action as Musk cancels $44B acquisition deal

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Musk's attorneys stated in a complaint to the US Securities and Exchange Commission (SEC) that Twitter had failed or refused to reply to several requests for information on fraudulent or spam accounts on the network. Twitter chairman Bret Taylor went to the microblogging site to announce that the company's board of directors intends to take legal action to enforce the acquisition deal. Elon Musk announced the cancellation of his $44 billion acquisition of Twitter Inc, citing the social media company's failure to share information on false accounts on the network. Musk's attorneys stated in a filing to the US Securities and Exchange Commission (SEC) that Twitter has failed or refused to reply to several requests for information on fraudulent or spam accounts on the site, which is critical to the company's commercial success. According to the petition, "Musk is canceling the merger deal because Twitter appears to have provided false and misleading assu...

Twitter to take legal action as Musk cancels $44B acquisition deal

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Musk's attorneys stated in a complaint to the US Securities and Exchange Commission (SEC) that Twitter had failed or refused to reply to several requests for information on fraudulent or spam accounts on the network. Twitter chairman Bret Taylor went to the microblogging site to announce that the company's board of directors intends to take legal action to enforce the acquisition deal. Elon Musk announced the cancellation of his $44 billion acquisition of Twitter Inc, citing the social media company's failure to share information on false accounts on the network. Musk's attorneys stated in a filing to the US Securities and Exchange Commission (SEC) that Twitter has failed or refused to reply to several requests for information on fraudulent or spam accounts on the site, which is critical to the company's commercial success. According to the petition, "Musk is canceling the merger deal because Twitter appears to have provided false and misleading assu...

Tesla boss Elon Musk loses $29B net worth over Twitter acquisition

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Tesla's valuation was reduced by $126 billion, while CEO Elon Musk's net worth was reduced by 10.83 percent, or $29 billion, in the day following his Twitter acquisition. Tesla's valuation was reduced by $126 billion, while CEO Elon Musk's net worth was reduced by 10.83 percent, or $29 billion, in the day following his Twitter acquisition. Elon Musk's net worth plummeted after the valuation of his electric car firm, Tesla, fell 13% in New York trade on Wednesday. Tesla's worth was slashed by $126 billion in a single day as shareholders reacted negatively to Musk's acquisition of Twitter. Notably, Tesla's stock has been sliding since Musk stated earlier this month that he had purchased a 9.1 percent stake in the microblogging site. Musk is the world's richest individual, according to the Forbes real-time billionaire list, with a net worth of approximately $242 billion (subject to change). This comes after the Tesla CEO lost 10.83 percen...

Elon Musk has made an offer to buy Twitter for $41 billion dollars

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Elon Musk, a billionaire, has offered to buy Twitter for $41 billion in cash, claiming that the social media firm, which he has frequently criticized , needs to go private in order to make meaningful reforms. Musk's bid price of $54.20 per share, published in a regulatory filing on Thursday, is a 38 percent premium to Twitter's April 1 close, the final trading day before the Tesla CEO's more than 9% holding in the business became public. According to Refinitiv statistics, the total deal value was determined using 763.58 million outstanding shares. Musk turned down an offer to join Twitter's board of directors earlier this week after reporting his investment in the company, a decision that analysts interpreted as an indication of his plan to take over the firm, as a board seat would have limited his ownership to just under 15%. "Since investing, I've realised that the company, in its current form, would neither prosper nor satisfy this societ...

Leadership tips from the world's richest man Elon Musk

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Elon Musk is now the richest man in the world. Find out what leadership tips he has for you to achieve success in the corporate world. Elon Musk, the founder of SpaceX and CEO of Tesla Motors, has established himself as one of the world's most successful entrepreneurs during the last decade. But what is it about Elon Musk's leadership style that captivates people? The answer is straightforward: Musk set his sights on the near-impossible. Whether it's founding a colony on Mars or eliminating traffic in major cities with 600-mile-per-hour underground hyperloops, he leads in a way that calls into question what humans are capable of. Seeing his vision come to fruition is both inspiring and motivating. There is a lot that startup owners and executives can learn from Elon Musk's leadership philosophy when it comes to directing a company. In terms of leadership skills, Elon Musk is one of the transformational leaders who express a clear, unmistakable vis...

World’s richest man Elon Musk shares Career advice that are secure in future

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World's richest man and now the ' Person of the Year ' for 2021 , Tesla and SpaceX CEO Elon Musk turns out to be amongst most influential individual on earth. Musk is usually a visionary who also has a tendency to make a number of predictions and recommendations for people in their future. While Musk who was recently seen very vocal about cryptocurrencies along with its future, the billionaire has now shared his opinions on the future availability of work opportunities and in addition to it shared thoughts on how to secure future too. Referring to the impacts of fast advancing Artifical Intelligence technologies on employment across many sectors in long run, Musk pointed out the professions which he thinks are secure and possess a shiny foreseeable future. Talking at the whole world Conference on Artificial Intelligence last week on Thursday (December 9 ) , Musk mentioned , "Artifical Intelligence can make jobs slightly pointless ," as noted by a worldw...