Elon Musk
Facing a Hostile Takeover from Elon Musk, Twitter Adopts “Poison Pill” Defense
Twitter is hoping to fight back against a hostile takeover from Elon Musk with a corporate maneuver called a “poison pill” shareholder rights plan, which according to the New York Times has rarely been attempted by a tech company of this size. Developed in the 1980s as a tactic to hold off corporate raiders, a poison pill involves flooding the market with new shares. In this scenario, current shareholders devalue their own stake in the company in an effort to make acquiring a majority share both difficult and unprofitable. Such a strategy forces shareholders to buy more stock just to maintain their current position, but hey, they don’t call it a poison pill for nothing. Most publicly traded entities are theoretically susceptible to a hostile takeover — that is, an attempt to acquire a...
Bootleg Tony Stark, AKA Elon Musk, Puts In Bid To Buy Twitter, MAGA Land Excited Again
HipHopWired Featured Video CLOSE Source: SUZANNE CORDEIRO / Getty Elon Musk is again rattling the Twitter cages after his latest “stunt.” Bootleg Tony Stark, aka Elon Musk, made his “best and final” offer to purchase 100% of Twitter, telling its Chairman of the Board that it “needs to be transformed as a private company.” In the 13D filed Thursday (Apr.14) with the SEC, Musk is offering $54.20 per share in cash. Per Bloomberg, Musk is worth about a ridiculous $260 billion, Twitter’s market value currently sits at $37 billion, and Musk’s offer is about $43 billion per CNBC. The electric car maker wants to “acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.” “I invested in Twitte...
Elon Musk endeavors to buy Twitter but will reconsider position if rejected
In a letter sent to the chairman of Twitter’s board Bret Taylor on Thursday, entrepreneur Elon Musk, best known for founding and heading Tesla and SpaceX, has offered to purchase the entire Twitter company for $54.20 a share, stating that the social media platform has “extraordinary potential” that he will “unlock.” Published by the U.S. Securities and Exchange Commission in a 13D filing, Musk stated that “Since making my investment, I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.” Following this, Musk categorically states that this offer is his “best and final”, and if not accepted, he “would need to reconsider his [my] position as a shareholder.” I made an offer https://t.co/VvreuP...
Elon Musk Will NOT Be Joining Twitter Board, MAGA Land Drops New Conspiracy Theory
HipHopWired Featured Video CLOSE Source: NurPhoto / Getty MAGA Twitter’s hope of Elon Musk being Donald Trump’s savior has been put on ice. In a stunning and swift reversal, Twitter’s largest shareholder Elon Musk aka Bootleg Tony Stark, will not be joining Twitter’s board of directors, CEO Parag Agrawal announced in a tweet Sunday evening (Apr.10). “Elon has joined not to join our board,” Agrawal wrote in a memo he had sent to the company staff. Musk’s joining the board was “contingent on a background check and formal acceptance.” “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board,” Agrawal continued. “I believe this is for the best.” The decision has spawned tons of reactions from those ag...
Elon Musk Backtracks on Joining Twitter’s Board
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Bitcoin battles for weekly close above $42K as LFG buys 4,130 more BTC
Bitcoin (BTC) prepared for its lowest weekly close of the month so far on April 10 after a week of disappointing losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC “giving people a second chance” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $42,700 Sunday with a matter of hours to go until the conclusion of the weekly candle. The pair had fallen into the end of Wall Street trading Friday, while the weekend provided some nervous calm as $42,000 support remained intact. For popular trader and analyst Rekt Capital, there was still cause for optimism despite the past seven days seeing losses of nearly 10%. This #BTC pullback is a second chance for a lot of people If you promised yourself that you’ll buy $BT...
Elon Musk Opens Tesla’s Texas Gigafactory With EDM-Fueled “Cyber Rodeo” Event
No one knows how to throw a company party quite like Elon Musk. An event called Cyber Rodeo marked the grand opening of Tesla’s new Austin-based Gigafactory, a site which is expected to employ 10,000 people. The factory, located in Travis Country, will play a key role in the future of the company. It will serve as the new corporate HQ for Tesla, and Musk himself expects the site will become the biggest cell factory in the world, according to the Austin American-Statesman. A development of this significance needs an equally epic opening party, which is exactly what the company delivered. The livestreamed event, which saw Musk showered in neon lights as he took the stage, was precluded by a shimmering show of coordinated drone technology. Scroll to Continue Recommended Artic...
SpaceXXX: Elon Musk Reportedly Denied Entry to Berlin Sex Club
Elon Musk has been on a tour of Berlin’s sex clubs, but Twitter’s largest shareholder may wish he had an edit button for a recent night out. Musk tweeted that he “refused to enter” the highly exclusive, sexually permissive techno nightclub Berghain, but according to reports in Vice, The Sun, and users on Reddit, he may have actually been denied entry. Musk has been in Germany to open the new Gigafactory, Europe’s first Tesla manufacturing facility. On Friday, he hit up the fetish and sex club KitKat, which uses as its motto, “Do what you want but stay in communication,” and which boasts a strict dress code that calls for either leather, latex, lingerie, fancy dress, swimming gear, superhero outfits, or nudity. It’s unclear which of those Musk chose; thankfully, pictures aren’t al...
Here’s What Twitter’s New “Edit” Feature Could Look Like
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Twitter Appoints Elon Musk To Its Board of Directors, MAGA Land Thinks This Is A Blessing
HipHopWired Featured Video CLOSE Source: PATRICK PLEUL / Getty Electric car peddler Elon Musk is now fully invested in Twitter, literally, and social media has thoughts on the matter. If you don’t know, Musk flexed his money muscles and bought a 9.2% stake in Twitter, making him the biggest shareholder just a week after he hinted at a “shakeup” in social media. Following his move, the man who has a history of manipulating the stock market with his tweets, Twitter’s stock surged as much as 27%, Bloomberg reports, which many also believed was a dig at the SEC, who were not fans of Musk’s stock tweets. Following Musk dropping a reported $2.89 billion stake in the company, Twitter happily announced that he was joining its board of directors, with current CEO Parag Agrawal saying Musk would be ...
Bitcoin dices with $46K as Elon Musk Twitter buy sends Dogecoin near 2-month highs
Bitcoin (BTC) traded in an uncertain territory on April 4 as the Wall Street open failed to unleash bullish continuation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader gives $43,000 BTC near-term dip target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping above and below the $46,000 mark on April 4, continuing a low-volatility few days. The pair had managed to seal a second week near the 2022 yearly open, with analysts already hoping for a breakout to $50,000 or even beyond. At the time of writing, however, there was still no sign of such an outcome, while Bitcoin stuck to an increasingly narrow low-timeframe trading range. “Bitcoin is not really clear to me; it could be because of a very slow weekend, which is disturbing a bit, [in...
Sven Väth Performs DJ Set at Elon Musk’s Tesla Gigafactory In Berlin
Tesla CEO Elon Musk enlisted electronic music legend Sven Väth to perform a DJ set at the grand opening of the Tesla Gigafactory in Berlin. Väth’s set went down in late February, east of Berlin in Gruenheide, where the factory was built. As his performance took place, crowds were shown new Tesla models via a neon-lit tunnel. His DJ set follows a huge rave that Musk organized at the site, aptly dubbed Giga-Fest, back in October prior to the factory’s opening. “Yesterday I had the pleasure of spending some time with Elon Musk again,” Väth wrote in an Instagram post. “I played some techno beats for his opening of the really gigantic GIGAFACTORY!!!” Väth and Musk are longtime friends. The pair were spotted together in 2020 after the German DJ ...
