Todd Spangler NY Digital EditorMega-billionaire Elon Musk sold share of Tesla worth about $6.9 billion on Aug. 5, according to regulatory filings.
22.07.2022 - 17:55 / justjared.com
Twitter is attributing their recent earnings drop to their current legal battle with Elon Musk.
The social media site reported a $270 million loss in the quarter that ended in June, per NPR. Twitter cited ad industry headwinds and uncertainty about Elon‘s acquisition as contributing factors in its revenue results.
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Elon entered into an agreement to buy Twitter in April. He announced that he would be “terminating” the deal a few months later, claiming that the company was in “breach” of their merger agreement.
He went on to claim that Twitter did not provide enough information about the bot and spam accounts on the platform, nor did they give him and his team enough data to conduct their own investigation.
A few days later, the company announced that they would be suing Elon to complete the $44 million purchase.
Despite Twitter’s disappointing Q2 numbers, the site did see growth in the number of users on the platform with an increase of nearly 9 million.
Elon was recently spotted in Mykonos amid his legal battle with Twitter and you can see the photos here.
Todd Spangler NY Digital EditorMega-billionaire Elon Musk sold share of Tesla worth about $6.9 billion on Aug. 5, according to regulatory filings.
of Tesla boss Elon Musk — the square-o-dynamic image is currently gaining traction amid the internet’s current optical illusion craze. [Warning: Spoilers Below]The visual jigsaw shows two cubes sitting in place; however, when the viewer clicks on the shapes, the screen flashes black and they appear to rotate like disco cubes.
Elon Musk’s dad Errol Musk did not hold back during an interview with Kyle and Jackie O’s radio show on KIIS FM.
Elon Musk‘s dad, Errol Musk, just did a 20 minute long interview where he appeared to shade his son multiple times.
Twitter has set a Sept. 13 date for a special meeting of shareholders to vote on its sale to Elon Musk. It’s the month before a trial set for October in Delaware Chancery Court where the social media company hopes to force the billionaire Tesla founder to actually follow through with his $44 billion purchase agreement.
Todd Spangler NY Digital EditorTwitter, which is fighting to extract billions from Elon Musk after he said he wanted to walk away from his $44 billion deal to buy the social network, recorded costs of $33.1 million for the second quarter related to the now-in-limbo merger.Twitter revealed the expenses in its 10-Q filing Tuesday with the SEC. Other than the $33.1 million in “transaction expenses” associated with Musk’s proposed takeover, “the terms of the Merger Agreement did not impact the Company’s consolidated financial statements,” the company said.Twitter has sued sued Musk, demanding that the CEO of Tesla and SpaceX make good on his $44 billion acquisition agreement.
Facing the fallout. Elon Musk found himself at the center of several scandals over the years — which the CEO has preferred to address himself.
Telsa founder Elon Musk denied an alleged affair with the wife of Google co-founder Sergey Brin, which was reported as the reason for the couple’s divorce earlier this year. In a tweet late Sunday evening, Musk said a recent Wall Street Journal report alleging he was the cause of the divorce is "total bs" and that he and Sergey "are friends." "This is total bs. Sergey and I are friends and were at a party together last night!" Musk tweeted.
Elon Musk allegedly had an extramarital affair with Nicole Shanahan, the wife of billionaire Google co-founder Sergey Brin, according to a report in the published on Sunday.The report, citing sources familiar to those involved, claims that Musk and Shanahan had a «brief affair,» which subsequently led Brin to file for divorce earlier this year, and ended a long-standing friendship between Brin and Musk.On Sunday evening, Musk took to Twitter to deny the report, saying, «Yeah, the character assassination attacks have reached a new level this year, but the articles are all nothing-burgers.» The Tesla CEO went on to say, «I work crazy hours, so there just isn’t much time for shenanigans. None of the key people involved in these alleged wrongdoings were even interviewed!»Musk continued, galvanizing his supporters to call out the publication for its reporting, tweeting, «Call them out on it, I guess.
Elon Musk is setting the record straight.
Elon Musk allegedly had an extramarital affair with Nicole Shanahan, the wife of billionaire Google co-founder Sergey Brin, according to a report in the published on Sunday.The report, citing sources familiar to those involved, claims that Musk and Shanahan had a «brief affair,» which subsequently led Brin to file for divorce earlier this year, and ended a long-standing friendship between Brin and Musk.Brin filed for divorce in January citing «irreconcilable differences,» and stated that the pair had been separated since Dec. 15. According to the report, Musk and Shanahan's alleged fling occurred in early December, at the Art Basel event in Miami — which ran from Dec.
Things are getting messy in Silicon Valley!
New reports of one of Elon Musk’s affairs is coming to light.
and later back out of acquiring) the social media site.The San Francisco company said it took in $1.18 billion in revenue for the three months ended June 30, down 1% from the $1.19 billion in Q2 2021. The total was 10.6% below the $1.32 billion forecast by Wall Street analysts, according to Yahoo Finance.Twitter posted a net loss of $270 million, or 35 cents per share, reversing a profit of $65.6 million, or 8 cents per share last year.
Twittter swung to a loss in the June quarter and revenue was below Wall Street forecasts of Wall Street, blaming advertising industry headwinds and uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk.
Todd Spangler NY Digital EditorTwitter revenue for the June 2022 quarter came in short of Wall Street estimates — with the company in part blaming Elon Musk’s attempt to back out of his acquisition deal. The social network also swung to a net loss in the period.Q2 revenue totaled $1.18 billion, down 1% year-over-year.
viral photo of “The Good Fight” actress giving Elon Musk a frigid stare down at the 2022 Met Gala surfaced on the internet. In a recent interview with Entertainment Weekly, Baranski said she didn’t intentionally glare at him, though it may appear that way in the snapshot.this picture of christine baranski staring at elon musk has me on the floor pic.twitter.com/8o1yOqcbDM“The funny thing is I have no memory of turning back and glaring at him,” she said, “but I was actually dissing him as I was waiting in line to go to dinner.”“I was with someone who was at my table, and I noticed Elon Musk and I went, ‘Oh my God, it’s Elon Musk.’ I basically said [to my friend], ‘I don’t know how you feel about him, but why is he spending billions of dollars in space when he could be cleaning up the planet?’ I’m an environmentalist,” she continued.Baranski told the outlet that she has a generally “low opinion” of billionaires, and has been happy to let out some of her frustration toward them on a Musk-esque character in “The Good Fight,” Neil Gross.