Elon Musk
Twitter Looks to Sue After Elon Musk Pulls Out of Deal
Twitter, one of the world’s largest social networking companies, has reportedly hired the law firm Wachtell, Lipton, Rosen & Katz to sue billionaire Elon Musk after he pulled out of the $44-billion acquisition deal on Friday. The CEO of Tesla said that the company failed to provide information about fake accounts on the platform. In response, the company said it would sue to complete the deal. In response, Musk posted a meme on Twitter in which he details the events involving the deal in a lighthearted manner and what is likely to happen. pic.twitter.com/JcLMee61wj — Elon Musk (@elonmusk) July 11, 2022 According to Reuters, Wachtell, Lipton, Rosen & Katz was one of the legal advisers for Musk’s plan to take Tesla private in 2018. The Chairman of the Twitter Board ...
Twitter Looks to Sue After Elon Musk Pulls Out of Deal
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Elon Musk Officially Tries to Terminate Twitter Purchase
Elon Musk is officially trying — and here, ‘trying’ is a very important word — to break his $44 billion purchase agreement with Twitter. In a July 8th letter to the SEC, his representatives wrote, “Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement,” and “appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement.” As previously reported, Musk waived his rights to due diligence in his haste to consummate the Twitter deal, while also agreeing to pay a $1 billion penalty if he later backed out. He seems to have almost immediately regretted this, and very quickly began laying a legal groundwork to break the agreement without paying the fine....
Twitter board recommends shareholders vote for Elon Musk’s takeover
The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant. Twitter’s board of directors initially accepted the $44 billion takeover bid at $54.20 per share in late April, and shareholder approval is the final hurdle to the deal going through bar any potentially erratic antics from Musk. According to a June 21 U.S. Securities and Exchange Commission (SEC) filing, Twitter’s board of directors unanimously determined that the “merger agreement is advisable” and have called on shareholders to vote in favor of the deal. The board stated that Twitter will be hosting a virtual meeting — at an unspecified date — to vote on the merger which has a deadline of Oct. 24. If the merger goes through, shareholders will receive $54.20 in ...
Elon Musk’s Transgender Daughter Changes Name to Affirm Gender Identity, Spite “Biological Father”
Elon Musk’s transgender daughter has filed to legally change her name, giving as the official reason, “Gender identity and the fact that I no longer live with or wish to be related to my biological father in any way, shape or form.” The petition for change of name, recognition of change of gender, and issuance of new birth certificate was signed April 18th, three days after she turned 18. A hearing is scheduled on Friday, June 25th. Her chosen name is redacted on publicly-available documents, via Reuters. TMZ reports that according to the teen, her new name will be Vivian Jenna Wilson. Advertisement Related Video One of Musk’s seven children, she was born to Canadian author Justine Wilson in 20014. Wilson and Musk were married from 2000 to 2008 and have five children to...
Bootleg Tony Stark, AKA Elon Musk, Says He Wants Twitter To Be More Like TikTok & WeChat
HipHopWired Featured Video Source: The Washington Post / Getty The bored billionaire Elon Musk finally addressed Twitter employees since striking a $44 billion deal to purchase the social media company. Elon Musk Has The Answers, Allegedly During a Q&A session with employees on Thursday (Jun.16), Elon Musk shared his vision for the popular platform still struggling to make a profit. Musk has a plan to fix that, be like other social media platforms. Related Stories Musk drew comparisons to WeChat during the session with Twitter employees speaking on how to increase user base and engagement. “There’s no WeChat equivalent outside of China,” Musk pointed out. “There’s no WeChat equivalent outside of China.” Elon Musk also believes Twitter has to offer more to Twitter users and en...
Bootleg Tony Stark, AKA Elon Musk, Says He Wants Twitter To Be More Like TikTok & WeChat
HipHopWired Featured Video Source: The Washington Post / Getty The bored billionaire Elon Musk finally addressed Twitter employees since striking a $44 billion deal to purchase the social media company. Elon Musk Has The Answers, Allegedly During a Q&A session with employees on Thursday (Jun.16), Elon Musk shared his vision for the popular platform still struggling to make a profit. Musk has a plan to fix that, be like other social media platforms. Related Stories Musk drew comparisons to WeChat during the session with Twitter employees speaking on how to increase user base and engagement. “There’s no WeChat equivalent outside of China,” Musk pointed out. “There’s no WeChat equivalent outside of China.” Elon Musk also believes Twitter has to offer more to Twitter users and en...
Bootleg Tony Stark, AKA Elon Musk, Says He Wants Twitter To Be More Like TikTok & WeChat
HipHopWired Featured Video Source: The Washington Post / Getty The bored billionaire Elon Musk finally addressed Twitter employees since striking a $44 billion deal to purchase the social media company. Elon Musk Has The Answers, Allegedly During a Q&A session with employees on Thursday (Jun.16), Elon Musk shared his vision for the popular platform still struggling to make a profit. Musk has a plan to fix that, be like other social media platforms. Related Stories Musk drew comparisons to WeChat during the session with Twitter employees speaking on how to increase user base and engagement. “There’s no WeChat equivalent outside of China,” Musk pointed out. “There’s no WeChat equivalent outside of China.” Elon Musk also believes Twitter has to offer more to Twitter users and en...
In this together: Musk and Saylor down a combined $1.5B on Bitcoin buys
As the bear market bites, holding crypto investments can be a tough pill to swallow. Consider two of the largest bag holders of publicly traded companies. They are down by almost $2 billion dollars on their Bitcoin buys. According to Bitcointreasuries.net, the 130,000 and 43,00 Bitcoin (BTC) held by Microstrategy and Tesla respectively are worth considerable sums less. The top “Hodlers” of Bitcoin according to Bitcointreasuries.net For Microstrategy, Michael Saylor splashed out almost $4 billion ($3,965,863,658) on 129,218 BTC, approximately 0.615% of the 21 million total supply. The Bitcoin price nosedive has ripped away earlier gains: the investment is worth $3.1 billion ($3,074,987,824), a loss of $900 million. Plus, in premarket trading on June 13, Microstrategy ...
Is Phony Stark aka Elon Musk Finally Dropping Twitter Bid?
HipHopWired Featured Video Source: The Washington Post / Getty It’s becoming more apparent that billionaire Elon Musk is preparing to drop his attempt to buy Twitter after he sent a letter asserting that he has the right not to purchase the platform. On Monday (June 6th), the legal firm representing the Tesla and SpaceX founder and CEO sent a letter to Vijaya Gadde, the general counsel of Twitter. “Based on Twitter’s behavior to date, and the company’s latest correspondence, in particular, Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement,” the letter says. “This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights result...
Is Phony Stark aka Elon Musk Finally Dropping Twitter Bid?
HipHopWired Featured Video Source: The Washington Post / Getty It’s becoming more apparent that billionaire Elon Musk is preparing to drop his attempt to buy Twitter after he sent a letter asserting that he has the right not to purchase the platform. On Monday (June 6th), the legal firm representing the Tesla and SpaceX founder and CEO sent a letter to Vijaya Gadde, the general counsel of Twitter. “Based on Twitter’s behavior to date, and the company’s latest correspondence, in particular, Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement,” the letter says. “This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights result...
Elon Musk Says Twitter ‘Actively Resisting’ Terms of Merger Deal, Threatens Termination
In a letter sent to Twitter Monday morning, an attorney for Elon Musk wrote that the company “is actively resisting and thwarting his information rights” in regards to a dispute over spam accounts, and threatened to terminate the deal. The letter, sent by a lawyer for Skadden, Arps, Slate, Meager & Flom, follows a weeks-long back and forth between Musk and the company regarding how many active users of the service are real people, as opposed to bots or spam accounts. Musk, who declined due diligence early in the process, has since requested further data from the company, and also tweeted that the deal was “on hold,” although behind the scenes work appears to have continued since then. The letter says that the company sent over information to...
