Tag: Elon musk twitter deal

  • Elon Musk: Tech genius, social media boss, eccentric billionaire

    Elon Musk revolutionised the car trade, despatched his personal rocket to area, and constructed the sector’s largest fortune. And now, the Tesla CEO is the ‘Leader Twit’.

    By way of Agence France-Presse: Elon Musk is at turns creative, impulsive and infuriating. He’s additionally a company maverick, unafraid to take on myriad industries by means of his personal laws.

    After revolutionizing the car trade, sending his personal rocket to area — along with his automobile on board — and construction the sector’s largest fortune, the eccentric billionaire is the brand new king of social media after he took rate of Twitter on Thursday and fired its most sensible executives.

    ALSO READ | Elon Musk might quickly do away with 280-character prohibit on Twitter

    That may give him keep watch over of the community on which the sector debates, mobilizes, bickers and throws colour, Musk incessantly first amongst them.
    The deal can even gasoline the fireplace over his political affairs, industry strategies, oversized persona and unconventional private lifestyles — flames he does not anything to douse.

    He’s libertarian, anti-woke and promotes himself as a champion of unfastened speech. He has been accused of being autocratic and bullying.

    “The explanation I obtained Twitter is as a result of it is very important the way forward for civilization to have a commonplace virtual the town sq.” for wholesome debate, Musk stated previous Thursday, whilst insisting it will no longer change into a “free-for-all hellscape.”

    His takeover of the social media juggernaut caps a months-long curler coaster of bulletins, counter-announcements and felony maneuvering — which he characteristically punctuated by means of firing jabs on the corporate by itself platform.

    ALSO READ | Day 1: Elon Musk requested Twitter staff to print out their code for overview

    It’s the most recent company conquest for Musk, after on-line publishing and bills, area shuttle and electrical automobiles.

    The 51-year-old is the richest particular person on this planet, a name he took closing 12 months from Amazon’s Jeff Bezos following the meteoric upward push of Tesla, his electrical automaker based in 2003.

    – Newsmaker, for higher and worse –

    Musk’s companies make headlines for the best causes: his area delivery company SpaceX is a spouse in a three-way project that despatched the primary totally personal venture to the World Area Station.

    However his empire additionally makes information of a much less flattering type: Tesla has confronted a chain of court cases alleging discrimination in opposition to Black employees in addition to sexual harassment.

    ALSO READ | Elon Musk financed $44 billion Twitter take care of large loans, private money and extra

    In parallel with the whiplash-inducing movement of commercial information, Musk’s unconventional personal lifestyles additionally assists in keeping the sector’s eyebrows raised.

    Musk has had two youngsters along with his on-again off-again spouse, the musician Grimes: a son, X AE A-XII, referred to as X, and a woman they named Exa Darkish Sideræl Musk — even though the oldsters will most commonly name her Y.

    He additionally fathered twins with a most sensible government in Neuralink, an organization he co-founded.

    A technique or every other, Musk has change into probably the most ubiquitous figures of the technology. So how did he get the place he’s these days?

    – To Mars… and past? –

    Born in Pretoria, on June 28, 1971, the son of an engineer father and a Canadian-born fashion mom, Musk left South Africa in his past due teenagers to wait Queen’s College in Ontario.

    He transferred to the College of Pennsylvania after two years and earned bachelor’s levels in physics and industry.

    After graduating from the Ivy League college, Musk deserted plans to check at Stanford College in California.

    As an alternative, he dropped out and began Zip2, an organization that made on-line publishing instrument for the media trade.

    He banked his first thousands and thousands prior to the age of 30 when he bought Zip2 to US laptop maker Compaq for greater than $300 million in 1999.

    Musk’s subsequent corporate, X.com, in the end merged with PayPal, the web bills company purchased by means of web public sale massive eBay for $1.5 billion in 2002.

    After leaving PayPal, Musk launched into a chain of ever extra bold ventures.

    He based SpaceX in 2002 — now serving as its leader government officer and leader generation officer — and become the chairman of electrical carmaker Tesla in 2004.

    ALSO READ | Elon Musk enters Twitter workplace sporting a rest room sink, adjustments bio to leader twit forward of formal Twitter purchase

    After some early crashes and near-misses, SpaceX perfected the artwork of touchdown booster engines on cast floor and ocean platforms, rendering them reusable, and past due closing 12 months it despatched 4 vacationers into area, at the first ever orbital venture and not using a skilled astronauts on board.

    Musk’s jokingly-named The Dull Corporate is touting an ultra-fast “Hyperloop” rail delivery device that may delivery other folks at close to supersonic speeds.

    And he has stated he needs to make people an “interplanetary species” by means of organising a colony of other folks dwelling on Mars.

    To this finish, SpaceX is growing a prototype rocket, Starship, which it envisages sporting workforce and load to the Moon, Mars and past — with Musk pronouncing he feels assured of an orbital take a look at this 12 months, perhaps in November.

    Musk, who holds US, Canadian and South African citizenship, has been married and divorced thrice — as soon as to the Canadian creator Justine Wilson and two times to actress Talulah Riley. He has 9 youngsters. A 10th kid died in infancy.

    Forbes estimates his present web price at $222 billion.

    ALSO READ | Why is Elon Musk purchasing Twitter? Learn his complete resolution and reasoning right here

    Printed On:

    Oct 30, 2022

  • No, Donald Trump didn’t factor a remark after Elon Musk took keep an eye on of Twitter

    A faux remark attributed to former US President Donald Trump was once circulated on social media through which he congratulated Elon Musk for taking on Twitter and in addition introduced that he would most probably go back to the social media platform.

    New Delhi,UPDATED: Oct 28, 2022 10:00 IST

    A faux remark attributed to former US President Donald Trump was once circulated on social media. (Report picture)

    By way of India As of late Internet Table: As Tesla CEO Elon Musk took keep an eye on of Twitter and fired its best executives, a faux remark attributed to former US President Donald Trump was once circulated on social media. Within the purported remark, Trump congratulated billionaire Elon Musk and claimed that his suspended Twitter account “can be again up and working” via Monday.

    The faux remark learn, “Congratulations to Elon Musk on his acquire of Twitter. Many of us are pronouncing that adjust was once wanted, because the previous control was once too enthusiastic about the woke schedule.”

    It additional learn, “I’ve been advised that my account can be again up and working on Monday – we can see. glad as a way to interact with an African-American owned industry.”

    Quickly after, it was once clarified that the remark was once faux. “Tweet retracted. No remark from Donald Trump on Elon Musk’s takeover of Twitter has been launched. This was once a faux remark circulating. Error regretted,” ANI tweeted.

    Tweet retracted. No remark from Donald Trump on Elon Musk’s takeover of Twitter has been launched. This was once a faux remark circulating. Error regretted. percent.twitter.com/PkLm6UtqRj
    — ANI (@ANI) October 28, 2022

    Donald Trump’s Twitter account was once suspended after the Capitol Hill rise up in 2021 as he was once accused of instigating the gang who charged at Capitol Hill along with his allegations of election fraud after he misplaced the presidency to Joe Biden.

    Revealed On:

    Oct 28, 2022

  • Twitter confirms Elon Musk’s buyout be offering, says will shut transaction at $54.20 in keeping with percentage

    Confirming SpaceX founder Elon Musk’s buyout be offering, Twitter stated it supposed to near the deal at $54.20 in keeping with percentage.

    Tesla founder Elon Musk. (Picture: Record)

    Confirming industry multi-millionaire Elon Musk’s buyout be offering, Twitter stated it supposed to seal the deal at $54.20 in keeping with percentage. Twitter Investor Family members wrote, “We won the letter from the Musk events which they’ve filed with the SEC. The purpose of the Corporate is to near the transaction at $54.20 in keeping with percentage.”

    Twitter issued this commentary about these days’s information: We won the letter from the Musk events which they’ve filed with the SEC. The purpose of the Corporate is to near the transaction at $54.20 in keeping with percentage.

    — Twitter Investor Family members (@TwitterIR) October 4, 2022

    This comes an afternoon after industry wealthy person Elon Musk proposed to move forward along with his authentic be offering of $54.20 to take Twitter Inc TWTR.N non-public, sending the stocks of the social media company surging.

    Twitter stocks jumped 12.7% at $47.93 ahead of buying and selling used to be halted for the second one time, whilst Tesla Inc TSLA.O, the electrical car corporate that Musk heads, fell about 3%, Bloomberg Information reported.

    Musk made the proposal in a letter to Twitter, bringing up individuals who requested to not be known as discussing confidential knowledge.

    Twitter and Musk’s attorneys weren’t instantly to be had for requests for remark from Reuters.

    The inside track comes forward of a extremely expected faceoff between Musk and Twitter at Delaware’s Courtroom of Chancery on Oct. 17, wherein the social media corporate used to be set to hunt an order directing Musk to near the deal at $54.20 in keeping with percentage.

    Musk agreed in April to shop for Twitter for $44 billion, however inside of weeks, he stated the selection of bot accounts used to be a lot upper than Twitter’s estimate of lower than 5% of customers.

    (With enter from Reuters)

    — ENDS —

  • Twitter hires regulation company Wachtell to sue Musk after pulling out of $44 billion deal

    After Tesla CEO Elon Musk known as off the deal to shop for Twitter, the microblogging platform has employed US regulation company Wachtell, Lipton, Rosen & Katz LLP because it prepares to sue him and power him to finish the $44 billion acquisition of the social media corporate.

    Twitter Inc has employed US regulation company Wachtell, Lipton, Rosen & Katz LLP because it prepares to sue Elon Musk and power him to finish the $44 billion acquisition of the social media corporate.

    Twitter Inc has employed U.S. regulation company Wachtell, Lipton, Rosen & Katz LLP because it prepares to sue Elon Musk and power him to finish the $44 billion acquisition of the social media corporate, consistent with folks aware of the topic.

    Musk, the manager govt officer of Tesla, on Friday terminated his deal, announcing Twitter had failed to supply details about pretend accounts at the platform, and then Twitter’s chairman, Bret Taylor, vowed a prison battle.

    Twitter is making plans to report a lawsuit early this week in Delaware, folks aware of the topic mentioned.

    Twitter declined to remark whilst the regulation company didn’t straight away reply to Reuters’ request for remark outdoor trade hours.

    Wachtell, Lipton, Rosen & Katz used to be some of the prison advisers for Musk’s plan to take Tesla personal in 2018. Musk tweeted that there used to be “investment secured” for a $72 billion deal to take Tesla personal however didn’t transfer forward with an be offering.

    Musk and Tesla each and every paid $20 million in civil fines, and Musk stepped down as Tesla’s chairman to get to the bottom of U.S. Securities and Change Fee claims that he defrauded buyers.

    Twitter’s present prison group comprises Simpson Thacher & Bartlett LLP and Wilson Sonsini Goodrich & Rosati.

    — ENDS —