Twitter shares rallied nearly 13 percent on Tuesday after reports suggested Tesla CEO Elon Musk is changing course and will proceed with his purchase of the social media outlet. According to Bloomberg News, Musk proposed to move ahead with his original proposal of $54.20 per share—or $44 billion—to take the website private. The news sent…
Twitter Shares Jump on Reports Elon Musk Intends to Complete Takeover Transaction
Twitter Storm: Elon Musk Proposes Peace Plan for Ukraine-Russia Conflict
Tesla Motors and SpaceX CEO Elon Musk delved into geopolitics on Twitter on Monday, proposing possible peace solutions in the Ukraine-Russia military conflict. Musk presented a four-part plan to facilitate peace in Eastern Europe and asked his followers for their thoughts. The first step in Musk’s concept is to “redo elections of annexed regions…
Elon Musk, Jack Dorsey Private Text Messages Expose Reasoning Behind Twitter Takeover
In the weeks leading up to Elon Musk’s announcement to purchase Twitter, the billionaire CEO was bombarded with text messages from business leaders, media personalities, and celebrities, a new court filing revealed (pdf). The text messages provided insight into the many private conversations involving Musk and other prominent individuals during his quest to purchase the…
Brands Suspends Ads From Parts of Twitter Over Child Pornography Concerns
Some major advertisers including Dyson, Mazda, Forbes, and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters late on Wednesday they have paused their advertising on Twitter. Brands ranging from…
Twitter Lawyer Tells Court Musk Has Not Backed Up Claims of Fake Accounts
WILMINGTON, Del.—Elon Musk’s review of Twitter Inc. accounts by his advisers did not back up the billionaire’s allegation that the number of fake users was “wildly higher” than 5 percent as he claimed when he said he was ending the Twitter takeover deal in July, a Twitter lawyer told a judge on Tuesday. Documents obtained…
Nebraska Punter Apologizes for Praising Italy’s New Conservative Leader, Deletes Post
A college football player was forced to apologize on Twitter and backtracks his support for Italy’s presumptive new prime minister, a conservative nationalist depicted by Liberals as a fascist. “I apologize for posting without understanding the reality of what I was posting about,” Brian Buschini, a starting punter for the University of Nebraska, wrote via Twitter…
Elon Musk Seeks to End SEC ‘Muzzle’ Requiring Pre-Approval of Tweets
NEW YORK—Elon Musk’s lawyers urged a federal appeals court to throw out a provision in his 2018 consent decree with the U.S. Securities and Exchange Commission (SEC) requiring a Tesla Inc lawyer to vet some of his posts on Twitter. In a brief filed late on Tuesday with the 2nd U.S. Circuit Court of Appeals…
Twitter Expands Research Group to Study Content Moderation
Twitter Inc. plans to provide more data to external researchers who study online misinformation and moderation, the social media company said Thursday, part of what it says is an effort to increase transparency on the platform. The company will also open an application process to allow more people working in academia, civil society and journalism…
Ahead of Elon Musk’s Deposition, Judge Denies His Legal Team’s Waiver Request for Twitter’s Privilege to Documents
Delaware Chancery Court Judge Kathaleen McCormick on Friday denied Elon Musk’s request for a blanket waiver of Twitter Inc.’s claim of attorney-client privilege as grounds for withholding documents. The judge noted in the letter issued on Friday that Twitter has asserted attorney-client privilege over 7,220 documents and that Musk’s legal team has challenged the legitimacy…
Twitter Wants to Know If Elon Musk, Whistleblower ‘Mudge’ Had Previous Links as Court Trial Draws Closer
Delaware Chancery Court Judge Kathaleen McCormick, who is overseeing the lawsuit between Twitter Inc. and Tesla Inc. CEO Elon Musk on Thursday ruled that the billionaire can amend his countersuit to include the $7.8 million severance payment the social media company paid to whistleblower Peiter Zatko. This is considered a small victory for Musk, as…
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