The planned takeover of Twitter by Elon Musk is in “serious jeopardy”, according to a report, sending shares in the company 4% lower in after-hours trading on Wall Street.
Musk’s team has stopped certain discussions around funding for the $44bn deal, according to a report, citing three people familiar with the matter. The report said Musk had concluded that Twitter’s figures on spam accounts – a bone of contention in the deal – were not verifiable.
Tesla will reportedly cut about 10% of jobs because its CEO Elon Musk has a ‘super bad feeling’ about the US economy. In a message sent to executives on Thursday, June 2nd, 2022, Musk laid out his concerns and told them to ‘pause all hiring worldwide’. The news follows Musk ordering Tesla staff back to the office saying Work From Home is ‘no longer acceptable’.
In a new lawsuit, Twitter shareholders are suing Elon Musk, alleging that he manipulated the price of the company’s stock for his own benefit in the course of agreeing to buy the company. The lawsuit represents a group of Twitter investors but would allow any shareholders to receive financial compensation. The suit was filed on Wednesday night in federal district court for Northern California and argues that Musk intentionally drove down the company’s stock to secure a better deal.
Elon Musk proposed on Saturday that his $44 billion deal to buy Twitter and take it private should be scaled back in proportion to the amount of bots or fake account on the platform.
On April 7th, 2022, Twitter announced that they will be rolling out this feature soon and have been testing it. This feature removes your handle from all tweets and stops you from being tagged in any replies or receiving any more alerts.
Chen Qiushi, the Chinese lawyer, and self-styled citizen journalist reappeared on online platforms after his 600 days hide from February 2020 followed by his publication
