Former President Donald Trump, banned from Twitter, said he will not return to the platform even after businessman Elon Musk takes over. “I am not going on Twitter, I am going to stay on Truth,” Trump told Fox News. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good…
Twitter Accepts Elon Musk’s $44 Billion Takeover Bid
Twitter’s Board of Directors has approved Elon Musk’s offer to purchase the social media firm and take it private in a transaction valued at about $44 billion, the company announced Monday. The company accepted the billionaire’s proposal of $54.20 per share. “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of…
Twitter Accepts Elon Musk’s Offer
Twitter’s Board of Directors has approved Elon Musk’s offer to purchase the social media firm and take it private in a transaction valued at about $44 billion, the company announced Monday. The company accepted the billionaire’s proposal of $54.20 per share. “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of…
Washington Post Removes Link From Story on Libs of TikTok Accountholder
April 25, 2022
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The Washington Post and its reporter Taylor Lorenz are claiming that a profile of the person allegedly behind the Libs of TikTok account did not contain any personal information, assertions disputed by the person behind the account. The original version of the piece, which is highly negative against the person, contained a name and an…
Twitter Bans Ads That ‘Contradict the Scientific Consensus on Climate Change’
Twitter is prohibiting advertisers from running ads that “contradict the scientific consensus on climate change,” the company announced on April 22. The clampdown on such ads aligns with the company’s policy on inappropriate content, which bans ads using misleading content, two Twitter officials said in a blog post. “We believe that climate denialism shouldn’t be…
Analysis: Musk Tears Up Buyout Playbook With $46.5 Billion Twitter Financing
It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way. More than two-thirds of the $46.5 billion financing package that Musk unveiled on Thursday in support of his bid for Twitter Inc. would come from his assets, with the remainder coming from bank loans secured against…
Truth Social Migrates to Rumble Cloud, Trump Platform Preparing to Onboard Millions
April 23, 2022
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Former U.S. President Donald Trump’s social media platform—Truth Social—migrated to Rumble Cloud on April 22 as it attempts to onboard millions of internet users on the network. Truth Social, created by Trump Media & Technology Group (TMTG), “successfully” migrated its website and mobile applications to Rumble’s cloud infrastructure, according to an April 22 news release….
Twitter Needs ‘White Knight’ Investor to Thwart Elon Musk Buyout: Tech Analyst
One of the few ways in which Twitter can avoid Elon Musk taking over the company is to find a friendly investor or a “white knight,” according to tech analyst, Dan Ives. Ives, an analyst at investment firm Wedbush, told Fortune that a white knight—a financial term used to describe a friendly investor that sweeps in when a company is on the…
Pressure Mounts on Twitter’s Board as Elon Musk Hints at Potential Tender Offer
April 20, 2022
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Ownership contest for Twitter has devolved into a chess game after the company’s board last week adopted a poison pill to thwart an unwelcome takeover attempt by the world’s richest man, Elon Musk. Many people around the world, including the company’s stockholders, are now eagerly awaiting the billionaire’s next move. Musk on Tuesday posted a mysterious…
Meta Institutional Investors Urge Opposing Re-Election of 2 Board Members
A group representing some of Meta Platforms Inc.’s institutional investors urged shareholders of the Facebook owner to vote against the re-election of two of its board members, Marc Andreessen and Peggy Alford. “We believe the lack of independence of board members Peggy Alford and Marc L. Andreessen is undermining the board’s ability to adequately oversee…
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