Times Applaud

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...

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'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 struck a deal to acquire Twitter.Twitter CEO Parag Agrawal would receive $42 million if he will be fired after the acquisition. On Monday, entrepreneur Elon Musk agreed to buy Twitter for $44 billion, thereby terminating the business's existence as a public company since 2013. According to research firm Equilar, Twitter Inc CEO Parag Agrawal would receive an estimated $42 million if he were fired within 12 months of a change in power at the social media business. Musk expressed his lack of confidence in Twitter's management in an April 14 securities filing. According to an Equilar spokesman, the estimate comprises a year's worth of Agrawal's base pay plus accelerated vesting of all stock awards, based on Musk's offering price of $54.20 per share and clauses in the company's latest proxy statement. A spokesman from Twitter declined to comment on Equilar's assessment. Agrawal had previously served Twitter as its chief ...

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...

Donald Trump’s new social networking app has been branded a disaster. The former US President launched the app as a response to Twitter. Truth Social, the social networking platform founded by former US President Donald Trump, has been a colossal failure. Trump established this platform as a response to Twitter, which barred the former US President from using the network after his followers invaded the US Capitol last year. According to Twitter , Trump falsely claimed that the presidential election had been stolen, sparking the rioting on January 6, 2021. The BBC evaluated the Truth Social platform, which was created by two engineers, and discovered that there is a waiting list of roughly 1.5 million people who are unable to utilise it. It was released on February 21st of this year. Truth Social is not available on Android phones, online browsers, or to anyone residing outside of the United States. The software is exclusively available for download on iPh...