Tesla Inc Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if inflation calms down. Musk, who has over 100 million followers on Twitter, was replying to a tweet on Friday that asked if the company had any plans to lower prices that it had raised to beat…
Judge in Twitter v. Musk Once Made Rare Ruling: Ordering a Deal to Close
The judge overseeing Twitter Inc.’s $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor or chief judge of the Court of…
Twitter Reinstates Doctor It Suspended for Sharing Study That Shows Pfizer Vaccine Impacts Semen
Twitter reinstated a doctor it recently suspended for sharing a study that showed Pfizer’s COVID-19 vaccine impacts semen. Dr. Andrew Bostom was informed late July 14 that access to his account was restored. “After further review, we have unsuspended your account as it does not appear to be in violation of the Twitter Rules,” the…
How This Twitter Analyst Expects Lawsuit Against Elon Musk to End
A Twitter Inc analyst said Thursday their skepticism of the company has “flipped” after a review of its lawsuit against Elon Musk. The Twitter Analyst Barton Crockett upgraded Twitter from Neutral to Buy and raised the price target from $33 to $52. The Twitter Takeaways It previously seemed like the company was being evasive in disclosing its…
Burned Twitter Deal Bankers See Silver Lining in Musk’s Startups
Wall Street’s top investment banks that stand to lose lucrative fees from Elon Musk abandoning his $44 billion acquisition of Twitter Inc. hope the start-ups backed by the world’s richest person will make up for the lost business. Musk has been one of Wall Street’s biggest patrons, doling out nearly $500 million in fees to…
Twitter Says It Is Not Planning Big Layoffs
Twitter Inc. is not looking at company-wide layoffs but could likely continue to restructure the business, the social media company said in a filing on Wednesday. The filing comes a day after Twitter sued Tesla Inc. Chief Executive Elon Musk for violating his $44 billion deal to buy the company and asked a Delaware court…
Groundbreaking Judge Will Oversee Twitter’s Lawsuit Against Musk
WILMINGTON, Del.—The first female chief judge on Delaware’s nationally known business court will oversee Twitter Inc’s lawsuit that seeks to hold Elon Musk to his agreement to buy the social media platform for $44 billion, according to court records. Kathaleen McCormick took over the role of chancellor, or chief judge, last year after the retirement…
Hindenburg Goes Long on Twitter, Bets Against Musk
Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter Inc. shares, sending the stock up about 8 percent, a day after the social media firm sued Elon Musk for backing out of his $44 billion deal. On Tuesday, Twitter sued Musk for violating his $44 billion deal and asked a…
Twitter Back Up for Many Users After Global Outage
Twitter was coming back online on Thursday after an hour-long outage kept thousands of users across the globe from accessing the social media website. The outage affected nearly 2,000 users as of 9 a.m. ET, down from the peak of 50,000 incidents an hour earlier, according to outage tracking website Downdetector.com. The incident comes days…
Twitter Staff Attrition Rises as Elon Musk Refuses to Back Golden Handcuffs Scheme to Retain ‘Tweeps’
Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent. “Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers…
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