A group of U.S. senators called on the Federal Trade Commission (FTC) to consider an investigation into whether Twitter breached its consent decree or consumer protection laws under new owner Elon Musk. The seven Democrats, led by Sen. Richard Blumenthal (D-Conn.), wrote a letter to FTC Chair Lina Khan over what they called Twitter’s “serious,…
Senate Democrats Urges FTC to Probe Twitter Following Musk’s ‘Alarming Steps’
Elon Musk ‘Not Super Worried’ Amid Reports Twitter Offices Closed
Amid reports that numerous Twitter employees quit the company on Thursday, new owner Elon Musk wrote the social media firm has seen all-time high in traffic. Anonymously sourced reports said that a new batch of Twitter employees quit the company, prompting widespread speculation on the platform that it would shut down and fail on Thursday….
Twitter Temporarily Closes Offices, Suspends Badge Access Amid Layoffs: Report
November 18, 2022
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Twitter Inc. on Thursday announced it was temporarily closing its offices, effectively immediately, and suspending all employee badge access. In a message sent to employees and published by the BBC, Twitter said its offices would reopen on Nov. 21, without providing a reason behind the temporary shutdown. “Hi, effective immediately, we are temporarily closing our…
Musk Says He Made Some Tesla Decisions Without Board Nod, Defends $56 Billion Pay
WILMINGTON, Del—Elon Musk said in court on Wednesday that he made some Tesla Inc. decisions without the approval of the company’s directors, as he defended his $56 billion pay package against claims that he dictated its terms to a compliant board. Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to…
Elon Musk Says He Will Run Twitter ‘Until It Is In a Strong Place’
Billionaire Elon Musk, who recently acquired Twitter, has indicated that he is open to the company being led by another person. While testifying at a Delaware court defending his $56 billion pay package at Tesla Inc. on Wednesday, Musk revealed that he intends to cut down his time at Twitter and eventually find someone else…
Musk Says He Expects to Find a New Twitter CEO ‘Over Time’
NEW YORK—Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company. Musk took the witness stand Wednesday in a Delaware court to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by…
Yellen Contradicts Biden, Sees No Reason to Investigate Musk’s Twitter Deal
Democrats have been debating whether Twitter’s new ownership poses national security risks and warrants an investigation since billionaire Elon Musk’s acquisition of the social media platform late last month. However, Treasury Secretary Janet Yellen says that there is “no basis” for a probe into the Twitter deal. Yellen’s comments came after President Joe Biden indicated…
LIVE NOW: Elon Musk Testifies in Trial
Arrivals at court as Elon Musk and the Tesla board face off in court for a week over the company’s record-smashing $56 billion pay package for their part-time chief executive. A Tesla shareholder alleges the pay amounts to corporate waste and unjust enrichments of the world’s richest person. * Click the “Save” button below the…
Elon Musk Testifies in Court
Outside the court as Elon Musk and the Tesla board face off for a week over the company’s record-smashing $56 billion pay package for their part-time chief executive. A Tesla shareholder alleges the pay amounts to corporate waste and unjust enrichments of the world’s richest person. * Click the “Save” button below the video to…
Trial Over Elon Musk’s Telsa Pay Package Begins
Outside the court as Elon Musk and the Tesla board face off for a week over the company’s record-smashing $56 billion pay package for their part-time chief executive. A Tesla shareholder alleges the pay amounts to corporate waste and unjust enrichments of the world’s richest person. * Click the “Save” button below the video to…
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