U.S.-based advisory firm Innisfree M&A Incorporated sued Twitter on Friday in New York State Supreme Court, seeking about $1.9 million for what it says are unpaid bills after it advised the social media company on its acquisition by Elon Musk last year. “As of December 23, 2022, Twitter remains in default of its obligations to…
Advisory Firm Innisfree Sues Musk’s Twitter for $1.9 Million in Unpaid Bills
Elon Musk Says to Attempt Starship Launch in March
SpaceX may attempt a Starship rocket system launch in March, its billionaire chief Elon Musk said in a tweet on Saturday. “If remaining tests go well, we will attempt a Starship launch next month,” Musk said, in a response to a user’s tweet about Starship. Musk had in January said that there was a “real…
Corporate Media Caught Pushing Disinformation Under the Guise of Countering Russian Disinformation | Truth Over News
January 31, 2023
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“This is the biggest journalism scam in a very long time”. That is how Elon Musk describes the latest Twitter Files expose by independent journalist Matt Taibbi. And although the category of biggest journalism scam is extremely competitive these days, Elon has a point. In terms of depth, width, sheer number of fake news articles,…
Elon Musk Testified It’s ‘Easy’ for Him to Get Investment Support
During the ongoing class-action lawsuit against Elon Musk over accusations that he committed securities fraud, he said: “It is relatively easy for me to get investment support because my track record is extremely good,” according to the Associated Press. Musk’s confidence to raise money for investment plans is the reason why he landed in court…
Capitol Report: RNC Votes for Next Chairman; Musk Meets White House Officials
Members of the Republican National Committee voted Friday for the next chairman. Did Ronna McDaniel win a fourth term? A video of the attack on Paul Pelosi last October is out. We’ll bring you footage both from a security camera and a police body cam. Elon Musk meets with White House officials. What did they discuss, and…
Elon Musk Makes Huge Tesla Profit Over Past Week
Telsa and Twitter owner Elon Musk added about $21 billion to his profits over the seven days since last week, according to a Bloomberg-monitored index. According to the Bloomberg Billionaires Index, Musk’s fortune increased by $21 billion between Jan. 19 and 26. It now stands at around $156 billion. Recent filings show Musk holds about 423,622,000 shares in…
Musk Meets With House Leaders McCarthy, Jeffries in Capitol Visit
Twitter CEO Elon Musk met House Speaker Kevin McCarthy (R-Calif.) and House Minority Leader Hakeem Jeffries (D-N.Y.) in Washington on Jan. 26. Musk tweeted Thursday evening that he met with McCarthy and Jeffries to “discuss ensuring that this platform is fair to both parties.” McCarthy, who celebrated his 58th birthday on Thursday, declined to comment…
Musk Outlines Tesla’s Recession Playbook: Claw Back Costs
Elon Musk has a playbook for Tesla headed into what he believes will be a “serious” recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices. In a conference call to discuss Tesla’s fourth-quarter results, Musk and other executives outlined plans to reshape the electric vehicle…
Tesla Posts Record Profit Despite Slashing Prices Amid Waning Demand
Tesla posted record profits and revenues for 2022, despite slashing prices on a number of its electric vehicles in a bid to bolster sales as the auto industry faces waning demand. The electric vehicle maker posted (pdf) $24.32 billion in revenue for the fourth quarter ended Dec. 31, up 37 percent year-over-year from $17.7 billion in the same…
Ad Spending on Twitter Falls by Over 70 Percent in December: Data
Advertising spend on Twitter Inc. dropped by 71 percent in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover. The recent data by Standard Media Index comes (SMI) as Twitter is moving to reverse the advertiser exodus. It has introduced a slew…
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