Category: Elon Musk

FCC Commissioner Rejects Call to Block Elon Musk’s Twitter Takeover

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
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Federal Communications Commission (FCC) Commissioner Brendan Carr on Wednesday rejected a call to block Elon Musk’s purchase of Twitter. Carr, in a statement, said the FCC “has no authority to block Elon Musk’s purchase of Twitter, and to suggest otherwise is absurd.” He added, “I welcome the full FCC making it clear that we will…

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Elon Musk Could Still Lose Twitter Deal If Higher Offer Is Made

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
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Several new developments have been revealed after Twitter accepted Elon Musk’s $44 billion takeover proposal on April 25. According to a Securities and Exchange Commission (SEC) filing that shows the deal agreement, Musk agreed to pay a $1 billion termination fee if he abandons the acquisition. At the same time, the social media platform would be…

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Elon Musk Could Still Lose Twitter Deal if a Higher Offer Is Made

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
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Several new developments have been revealed after Twitter accepted Elon Musk’s $44 billion takeover proposal Monday. According to a Securities and Exchange Commission (SEC) filing that shows the deal agreement, Musk agreed to pay a $1 billion termination fee if he abandons the acquisition. At the same time, the social media platform would also be required…

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Trump’s Truth Social Tops App Store Amid Musk’s Twitter Purchase

April 27, 2022
Donald TrumpElon MuskSocial MediaTechUSUS News
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Former President Donald Trump’s Truth Social topped the Apple App Store downloads list days after Elon Musk’s acquisition of Twitter. The Truth Social app rose to No. 1 on the app charts on Tuesday, coming amid speculation that Musk’s purchase of Twitter for $44 billion would imperil the Trump-backed platform. Musk himself posted about the…

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Trump’s Truth Social Tops App Store Downloads Amid Musk’s Twitter Purchase

April 27, 2022
Donald TrumpElon MuskSocial MediaTechUSUS News
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Former President Donald Trump’s Truth Social topped the Apple App Store downloads list days after Elon Musk’s acquisition of Twitter. The Truth Social app rose to No. 1 on the app charts on Tuesday, coming amid speculation that Musk’s purchase of Twitter for $44 billion would imperil the Trump-backed platform. Musk himself posted about the…

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Elon Musk Weighs in on Twitter Blocking Hunter Biden Laptop Story During 2020 Election

April 27, 2022
Elon MuskTwitterUSUS News
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Incoming Twitter owner Elon Musk issued a comment on the social media platform’s October 2020 decision to block the reach of a New York Post article detailing Hunter Biden’s overseas business deals. With just weeks to go before the 2020 election, the NY Post released a story about the younger Biden’s laptop. Twitter, Facebook, and…

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EU Says Its Rules Apply to All Online Platforms, ‘Mr Musk Knows This Well’

April 27, 2022
Business & EconomyCompanieseconomyElon MuskEU digital rulesEuropeSocial MediaTechTech NewsTwitterWorld
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AMSTERDAM—The European Commission said on Tuesday it was too early to comment on the deal Tesla Chief Executive Elon Musk has struck to buy social media site Twitter but recalled that the bloc’s digital services rules apply to all major platforms. “Our Digital Services Act applies to all major platforms, to ensure their power over…

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Twitter CEO Set to Receive $42 Million If Terminated After Musk Deal

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechParag AgrawalSocial MediaTechTwitter
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Twitter Inc. CEO Parag Agrawal would get an estimated $42 million if he were terminated within 12 months of a change in control at the social media company, according to research firm Equilar. On Monday billionaire Elon Musk struck a deal to buy Twitter for $44 billion, ending its run as a public company since…

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Decentralized Twitter Spinoff Company Distances Itself From Musk

April 27, 2022
Business & EconomyCompaniesElon MuskJack DorseyMedia & Big TechTechTech NewsTwitter
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Bluesky, the project developing a decentralized Twitter Inc. alternative announced in 2019, distanced itself from its parent company after it was acquired by tech tycoon and the world’s richest man Elon Musk. What Happened: In a Monday Twitter thread, Bluesky announced that it wanted to leverage “the surge of interest in Twitter’s future […] to clarify the relationship between Bluesky…

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Texas Governor Wants Elon Musk to Bring Twitter Near Tesla, SpaceX in His State

April 26, 2022
Business & EconomyCompaniesElon MuskGreg AbbottMarketsMedia & Big TechTechTech NewsTwitter
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Texas Gov. Greg Abbott on Monday threw at Tesla Inc. CEO Elon Musk an idea to shift Twitter Inc. headquarters to the second-largest U.S. state, where the billionaire entrepreneur’s other companies are already based. What Happened The 64-year-old Texas governor sent out a request on the microblogging site and tagged Musk in the post. .@elonmusk. Bring Twitter…

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