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  1. Rual dV

    Elon Musk facing class-action lawsuit from Twitter shareholders

    Twitter investors slap Elon Musk with lawsuit Another group of Twitter shareholders have filed a lawsuit against Elon Musk, alleging that the billionaire manipulated the company’s stock price ahead of his offer to buy the platform. Investors filed the lawsuit in San Francisco’s federal...
  2. Hanno Labuschagne

    Musk changes Twitter deal structure — Will need more cash

    Musk changes Twitter deal structure — Will need more cash Elon Musk is dropping plans to partially fund his purchase of Twitter Inc. with a margin loan tied to his Tesla Inc. stake and increasing the size of the deal’s equity component to $33.5 billion. Musk will provide an additional $6.25...
  3. Hanno Labuschagne

    Musk floats idea of paying less for Twitter after spat with CEO over bot numbers

    Musk floats idea of paying less for Twitter after spat with CEO over bot numbers Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter Inc., saying a viable deal at a lower price wouldn’t be “out of the question.” Twitter shares fell 8.2% at the close of...
  4. Jan

    Twitter deal temporarily on hold - Musk

    Elon Musk’s Twitter deal on hold Elon Musk has announced that his bid for Twitter is temporarily on hold to confirm that spam and fake accounts represent less than 5% of of users. The South African-born billionaire revealed the development on Twitter, in response to a Reuters report about the...
  5. Jan

    Elon Musk's Twitter pitch to investors - New York Times

    Elon Musk's ambitious plans for Twitter SpaceX and Tesla CEO Elon Musk outlined his financial ambitions for Twitter in a recent pitch deck he presented to investors last week, reported The New York Times. While Musk’s $44 billion (R712 billion) acquisition of the social media platform is far...
  6. Hanno Labuschagne

    Musk suggests commercial Twitter users must pay

    Musk suggests commercial Twitter users must pay Twitter will always remain free for “casual users” but government and commercial users may see a “slight cost” to stay on the social media platform, the company’s would-be owner Elon Musk said in a tweet Tuesday. Musk, whose bid to purchase...
  7. Hanno Labuschagne

    Elon Musk's Twitter plans could struggle in Asia

    Elon Musk's Twitter plans could struggle in Asia For all the furor about which way Elon Musk might tilt U.S. political discourse after getting the keys to Twitter Inc., his biggest challenges may emerge across the Pacific. Asia, home to more than half the world’s population, is Twitter’s...
  8. Hanno Labuschagne

    Issues with Elon Musk's Twitter plans

    Issues with Elon Musk's Twitter plans Elon Musk, the world’s richest person, acquired Twitter in a US$44 billion deal on April 25, 2022, 11 days after announcing his bid for the company. Twitter announced that the public company will become privately held after the acquisition is complete. In...
  9. Hanno Labuschagne

    Musk pitched job cuts as part of plan for Twitter

    Musk pitched job cuts as part of plan for Twitter As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused on the social-media company’s bottom line, and floated the idea of cutting both costs and jobs, according to people familiar with the...
  10. Hanno Labuschagne

    Donald Trump's social media platform returns to number one on Apple App Store

    Donald Trump's social media platform returns to number one on Apple App Store Former President Donald Trump’s social network is back on top of Apple’s App Store, fueling a rebound in the blank-check firm bringing its parent company public. Shares of Digital World Acquisition Corp. leaped 24%...
  11. Jan

    Elon Musk's $21 billion mystery - where will he get cash for Twitter?

    Big Twitter mystery — Elon Musk needs to raise R330 billion in cash Elon Musk and Twitter Inc. reached an agreement for the world’s richest man to buy the social networking platform for $44 billion, resolving the pressing question of whether the company’s board would consent to the leveraged...
  12. Hanno Labuschagne

    Jack Dorsey praises Elon Musk after Twitter buyout

    Jack Dorsey praises Elon Musk after Twitter buyout Twitter Inc. co-founder Jack Dorsey said that the only solution he trusts for the platform is world’s richest man Elon Musk, after the Tesla Inc. chief reached a deal to buy the social media company for roughly $44 billion. Dorsey, who took the...
  13. Hanno Labuschagne

    Twitter shares rise as board plans defence against Musk's takeover bid

    Twitter shares rise as board plans defence against Musk's takeover bid Twitter Inc. shares posted their biggest gain in two weeks on Monday after the social media company launched a poison pill defense to thwart an unsolicited bid by Elon Musk to take the company private at $54.20 a share. A...
  14. Hanno Labuschagne

    Elon says Twitter board's interests don't align with shareholders'

    Elon says Twitter board's interests don't align with shareholders' The economic interests of Twitter Inc.’s board are not aligned with shareholders, Elon Musk said Saturday after the social media company took steps to ward off his takeover attempt. The billionaire was responding to a tweet...
  15. Jan

    Twitter adopts 'poison pill' to ward off Musk takeover

    Twitter trying to block Elon Musk's R630 billion hostile takeover with "poison pill" Twitter Inc. adopted a measure that would shield it from hostile acquisition bids, taking steps to thwart billionaire Elon Musk’s unwelcome offer to take the company private and attempt to make it a bastion of...
  16. Hanno Labuschagne

    Elon Musk offers $54.20 per share in Twitter hostile takeover bid

    Elon Musk wants to buy Twitter for R630 billion Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it. The world’s richest person will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28...
  17. Hanno Labuschagne

    How Elon Musk became Twitter's most influential investor

    How Elon Musk became Twitter's most influential investor Twitter users woke up April 4 and found the words “Elon” and “Elon Musk” trending on the site — not because the world’s richest, most-followed businessman had caused a stir with his futuristic companies, but because he’d disclosed a major...
  18. Hanno Labuschagne

    Class-action lawsuit launched against Elon Musk for allegedly disclosing Twitter stake late

    Class-action lawsuit launched against Elon Musk for allegedly disclosing Twitter stake late Elon Musk was sued by a Twitter Inc. shareholder who claims the Tesla Inc. CEO’s delay in disclosing his ownership of more than 5% of the social media company artificially kept its share price down...
  19. Hanno Labuschagne

    Twitter employees "super stressed" over Elon Musk's board rejection

    Twitter employees "super stressed" over Elon Musk's board rejection Twitter Inc. employees were scheduled to have Monday off, for the company’s monthly “day of rest.” But Elon Musk made it hard not to think about work. Musk, the billionaire who disclosed this month he’d become the largest...
  20. Hanno Labuschagne

    Elon Musk asks whether Twitter headquarters should be turned into homeless shelter

    Elon Musk asks whether Twitter headquarters should be turned into homeless shelter Elon Musk floated the idea of turning Twitter Inc.’s headquarters into a homeless shelter, prompting a tweet of support from Amazon.com Inc. founder Jeff Bezos. The new Twitter board member on Saturday posted a...
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