Phony Stark aka Elon Musk Officially Attempts to Bail On Twitter Bid
HipHopWired Featured Video Source: The Washington Post / Getty Elon Musk has officially declared that he is backing out of his agreement to purchase Twitter, citing that the social company made “false and misleading” statements during negotiations. On Friday(July 8th), the billionaire and his team filed a motion with the Securities and Exchange Commission stating that they were terminating the agreement with the social media platform. They claim that Twitter was in “material breach” of the previous agreement where Musk would buy the company for $44 billion. “For nearly two months, Mr. Musk has sought the data and information necessary to ‘make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform,’” his legal team wrote in the filing. “Twitter has ...
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
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 “Notes” Allows Writers To Basically Drop Blog Posts On The Platform
HipHopWired Featured Video Source: SOPA Images / Getty Nope, we still can’t edit tweets after we hit send, BUT soon we can drop blog posts instead of being reduced to threads. Twitter Now Allowing Blog Posts On Wednesday (Jun.22), Twitter officially unveiled its latest feature, “Notes.” Essentially it will bring long-form writing to the social media platform because it encourages writers to publish their freeform content without worrying about character limits. “Notes” not being restricted to the usual 280-character limit allows writers to drop blog posts that can feature photos, videos, and other tweets inside of a Note. Writers can also share the Notes with their followers via tweets and on their Twitter profiles. In the tweet introduction, Twitter’s editorial director Rembert Browne exp...
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 ...
This is How Much You Will Pay for the Telegram Premium Subscription
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Sweeping layoffs, hiring and firing as crypto prices take a massive downturn
Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing thewoes of sudden unemployment. Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration, confusion and anger while others expressed gratitude, renewed vision and reflections. My heart is with those recently laid off. I too have been one of the lucky ones to be spared by massive layoffs on days where friends have been let go. This privileged situation has its own anxiety, displacement and upheaval. Sorry you’re going through this moment. — Matt Murray (@vintageneon) June 16, 2022 As...
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...
