Tesla Motors CEO Elon Musk confirmed his intention to purchase Twitter, according to a new Securities and Exchange Commission (SEC) filing on Monday. “[W]e write to notify you that the Musk Parties intend to proceed to closing of the transaction contemplated by the April 25, 2022. Merger Agreement,” Musk’s lawyers stated in a letter filed…
Twitter Shares Jump on Reports Elon Musk Intends to Complete Takeover Transaction
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 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…
Elon Musk’s Tesla Adds Airbnb Co-founder Joe Gebbia to Its Board
Tesla Inc. has added Airbnb Inc. co-founder Joe Gebbia to its Board of Directors with effect from Sept. 25, the company said in a statement. Tesla indicated in a regulatory filing that Gebbia is eligible to receive compensation consistent with the company’s standard outside director compensation package as previously approved by the Board. Gebbia has…
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…
‘Elon’s Fanboy’ Leo KoGuan Now Third Largest Individual Tesla Shareholder
Leo KoGuan, a wealthy Singapore-based Chinese businessman, updated his Telsa holdings several times in September and announced on Sept. 22 that his shares now totaled more than 22 million. KoGuan said via Twitter that he purchased 11,380 shares of Tesla stock at $288.82/share on that day, bringing his total to “22,750,000 shares of Tesla.” In a…
Elon Musk Touts 1 Million Milestone for Starlink Terminals—But Report Finds Rise in Users Has Come at a Cost
Tesla Inc. CEO Elon Musk’s SpaceX-owned Starlink internet service has proved its utility in times of geopolitical tensions. As its adoption increases rapidly, a recent report found that it may be slowly losing out on the edge it has over the competition. 1 Million and Counting Musk on Sunday tweeted that over a million Starlink…
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…
Musk Says Activating Starlink, in Response to Blinken on Internet Freedom in Iran
September 24, 2022
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SpaceX CEO Elon Musk said on Friday that he would activate the firm’s satellite internet service, Starlink, in response to U.S. Secretary of State Antony Blinken’s tweet that the United States took action “to advance internet freedom and the free flow of information” to Iranians. The U.S. Treasury Department on Friday issued guidance expanding internet…
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