Amber Heard briefly mentioned Elon Musk while testifying in Johnny Depp‘s defamation trial against her.
06.05.2022 - 00:37 / thewrap.com
CNBC, which cited unnamed sources.The Tesla CEO will take over as CEO of the social company for several months after the deal closes to take Twitter private for $44 billion. This comes as the San Francisco giant now faces an uncertain future under Musk’s potential ownership.
The billionaire has suggested he would change the platform’s content moderation policies, as well as implement ways to target crypto scams and make commercial and government users pay a fee for the service.Twitter declined to comment.Last month, Musk offered to buy Twitter for $43 billion in cash after acquiring a 9.2% stake in the company. Twitter’s board of directors previously unanimously adopted a limited duration shareholder rights plan, or a poison pill, but ultimately accepted his proposal.The deal is expected to close in 2022, subject to the approval of Twitter stockholders and regulators.
Musk has secured $25.5 billion of fully committed debt and margin loan financing and is providing an approximately $21.0 billion equity commitment, the company said in a statement. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1.SEC filings on Thursday also revealed Musk has secured about $7.14 billion in equity commitments from investors to join him.
The investors included Oracle cofounder Larry Ellison contributing $1 billion and Sequoia contributing $800 million.Twitter’s current CEO Parag Agrawal has only been at the helm for a few months after the exit of founder Jack Dorsey last November. Up until now, the company has revealed very little about what Twitter under Musk’s leaderhip will look like, only saying that things will remain business as usual until the transaction completes later in the year.
.Amber Heard briefly mentioned Elon Musk while testifying in Johnny Depp‘s defamation trial against her.
Twitter CEO Parag Agrawal has cut loose two top executives and announced a hiring freeze ahead of the company’s acquisition by Elon Musk, whose share purchases are reportedly being investigated by the SEC.
Elon Musk took to Twitter on Friday to offer a sense of his vision for the social media platform, after the acquisition goes through, also offering a sense of what its employees can expect, with regard to work life under his leadership.
Todd Spangler NY Digital EditorDevin Nunes, the former congressman who is now CEO of Donald Trump’s social-media rival to Twitter, claimed that his new boss “encouraged” tech mogul Elon Musk to acquire Twitter, to “take on these tech tyrants.”Musk says that’s false.“I’ve had no communication, directly or indirectly, with Trump, who has publicly stated that he will be exclusively on Truth Social,” Musk tweeted Friday, replying to a New York Post article about Nunes’ claims.In an appearance Wednesday on Fox Business Network’s “Varney & Co,” Nunes said, “President Trump, basically before Elon Musk bought it, actually said to go and buy it because the goal of our company is really to build a community where people are in a family-friendly, safe environment.” Nunes added, “we encouraged Elon Musk to buy” Twitter, because “someone has to take on these tech tyrants… Donald Trump wanted to make sure that the American people got their voice back and that the internet was open and that’s what we are doing.” Nunes, who is CEO of Trump Media & Technology Group, once sued Twitter, seeking $250 million in damages, alleging in part he was defamed by anonymous parody accounts “Devin Nunes’ Mom” and “Devin Nunes’ Cow.” A judge threw out the case.Musk has said he’s primarily interested in protecting “free speech” on Twitter, and he has criticized the company for allegedly having a left-leaning political bias. That stance has led right-wingers — who have long alleged Twitter (and other internet platforms) somehow stifle conservative viewpoints — to champion Musk’s $44 billion bid for Twitter.Twitter permanently banned Trump shortly after the Jan.
leaned into censoring certain users and content in the months leading up to his resignation.How things have already changed.Dorsey is among a new group of investors being floated by Elon Musk, the free-speech champion massing billions to complete his purchase Twitter, to participate as an investor in his private version of the company, according to a Securities and Exchange Commission filing from Thursday.The more than $7 billion in new money includes 19 investors, some of whom are current Twitter shareholders – including Larry Ellison, Sequoia Capital, Qatar Holding, and Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia. Equity commitments range from $1 billion (Ellison) on down to $5 million (Honeycomb Asset Management).It wasn’t immediately clear how the $7 billion would fit into the standing $44 billion offer that Musk made for the company, which was accepted late last month.
K.J. Yossman The U.K.’s Digital, Culture, Media and Sport (DCMS) committee has invited Elon Musk to discuss his proposed purchase of Twitter.MP Julian Knight, who chairs the cross-party parliamentary committee, has written to Musk to extend the invitation.“My Committee has noted your proposed acquisition of Twitter and we are interested in the developments you propose,” Knight writes.
The method behind the mega-purchase. Elon Musk made headlines around the world when he bought Twitter — and now he’s explaining why he did it.
Elon Musk has arrived on the red carpet at the 2022 Met Gala with his mother as his date. The billionaire wore a black tuxedo while his mother, supermodel Maye Musk, opted for a long-sleeved red velvet dress.
Elon Musk brought a very special lady to this year's Met Gala — his mom, Maye Musk, and the pair seemed to have a great time at the star-studded celebration of fashion.This year's Met Gala accompanies the second part of the Costume Institute's exhibition, «In America: An Anthology of Fashion,» with the controversial theme «Gilded Glamour and White Tie.» The concept is a homage to the United States' Gilded Age, an era of immense economic growth and major industrialization, as well as massive income inequality, political upheaval, and post-Civil War racism.Musk himself has been at the center of some controversy recently and has faced criticism for his $44 billion purchase of Twitter, with critics chastising him for not spending that money on philanthropic efforts.Speaking with ET's Rachel Smith on the carpet the the Metropolitan Museum of Art in New York City on Monday, Musk defended the acquisition, arguing, «I do a lot of things philanthropically.»«Really, my companies are intended to do good for the future of humanity,» he continued. «With Tesla trying to accelerate the advances in sustainable transport and energy and SpaceX is um providing internet to the lesser [served] people of the world.»«We are able to help Ukraine with the Starlink terminals and give connectivity, particularly in some of the hardest hit areas,» Musk added.
Grimes called out Twitter’s “issues with public mental health” just days after her on-and-off again boyfriend Elon Musk announced he’d reached a deal to purchase the social media platform for $44bn. Canadian singer Grimes speaks with MIT podcast host Lex Fridman on his show, Lex Fridman Podcast.
Tesla stock has reversed its slump after Elon Musk said he is finished selling stock in the electric vehicle firm he runs as CEO in order to fund his pending $44 billion acquisition of Twitter.
Elon Musk has been making headlines after buying Twitter for a modest $44 billion cash on Monday.
Cate Blanchett says Elon Musk's takeover of Twitter is "very, very dangerous" for society. The 52-year-old actress is among the celebrities voicing their concerns about the Tesla and SpaceX CEO's purchase of the social media network and his plans to make it a "free speech" zone. In an interview with Variety, the 'Lord of the Rings' star simply said: "It's dangerous.
Todd Spangler NY Digital EditorTwitter, which this week accepted a deal to go private in a $44 billion sale to Elon Musk, reported income a touch lighter than Wall Street predicated in the first quarter of 2022. But the social network blew away forecasts on earnings and user growth.Q1 revenue was $1.20 billion, up 16% year-over-year, reflecting “headwinds associated with the war in Ukraine,” according to Twitter.
SpaceX-time continuum. Elon Musk’s $44 billion Twitter takeover wasn’t the first time he owned the platform.
Tesla head’s divisive $44 billion takeover of Twitter Monday. Rogan heaped praise on the billionaire during a Tuesday episode of the “Joe Rogan Experience” with guest Jessica Kirston.“Oh s–t, oh s–t, Elon Musk just bought Twitter,” gushed the former “Fear Factor” host, who has received fierce backlash over his alleged anti-vaxxer comments, among other controversies.