Twitter co-founder and former CEO Jack Dorsey has retained his 2.4 percent stake in the social media platform after it was acquired by Tesla CEO Elon Musk, according to a new filing with the Securities and Exchange Commission. According to the filing, Dorsey retained more than 18 million shares in Twitter, valued at about $1 billion when the company became private. The…
Jack Dorsey Retains Stake in Twitter, Saving Elon Musk $1 Billion
LIVE 10:30 AM ET: Musk Suggests Twitter Board Lied to Court; BlackRock’s ESG Agenda Begins to Crumble
Twitter executives may have lied to the court about fake accounts on the platform, according to screenshots posted online by Elon Musk just days after taking over the company. The finding suggests that Musk could take legal action against the fired Twitter executives and expose the types of manipulation and censorship that were taking place…
Tesla Lithium Deal With Australian Miner Lapses
A slated deal for the sale of lithium to electric car giant Tesla from Australia’s Core Lithium has been quietly shelved. “I want to thank Tesla for the time taken to negotiate with Core and look forward to maintaining an open and ongoing dialogue,” said CEO Gareth Manderson in an announcement (pdf) on Oct. 27….
LIVE 11/1, at 10:30 AM ET: Musk Suggests Twitter Board Lied to Court; BlackRock’s ESG Agenda Begins to Crumble
Twitter executives may have lied to the court about fake accounts on the platform, according to screenshots posted online by Elon Musk just days after taking over the company. The finding suggests that Musk could take legal action against the fired Twitter executives and expose the types of manipulation and censorship that were taking place…
Dorsey’s Social Media Network Gains Traction Following Musk’s Twitter Takeover
Founder and former Twitter CEO Jack Dorsey’s new platform, Bluesky, picked up steam as some Twitter users look for alternative options amid Elon Musk’s recent takeover. The beta-mode app has reportedly registered 30,000 signups on its waiting list. “Wow. 30k signups for our app’s waiting list in the last two days! Thanks for the overwhelming…
Following Musk’s Twitter Takeover, Conservative Influencers Celebrate as Some Liberals Leave
In the wake of Elon Musk’s takeover of Twitter, conservatives have celebrated while some liberals have vowed to leave the platform. “The bird is freed,” Musk posted on Twitter on Oct. 27. Twitter employees began circulating an open letter of protest to Musk’s plan to fire up to 75 percent of the staff, insisting the…
Following Musk’s Twitter Takeover, Conservatives Celebrate and Liberals Flee
In the wake of Elon Musk’s takeover of Twitter, conservatives have celebrated while some liberals have vowed to leave the platform. “The bird is freed,” Musk posted on Twitter on Oct. 27. Twitter employees began circulating an open letter of protest to Musk’s plan to fire up to 75 percent of the staff, insisting the…
Following Musk’s Twitter Takeover, Conservative Influencers Celebrate While Some Liberals Flee
In the wake of Elon Musk’s takeover of Twitter, conservatives have celebrated while some liberals have vowed to leave the platform. “The bird is freed,” Musk posted on Twitter on Oct. 27. Twitter employees began circulating an open letter of protest to Musk’s plan to fire up to 75 percent of the staff, insisting the…
Twitter Board of Directors Disassembled, Elon Mask Takes the Helm
The 9-member Board of Directors of Twitter Inc. was dismantled on Oct. 27, a new filing shows. Elon Musk now is the sole director of the social media platform. “On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter. In accordance with the…
Twitter Board of Directors Disassembled, Elon Musk Takes the Helm
The 9-member Board of Directors of Twitter Inc. was dismantled on Oct. 27, a new filing shows. Elon Musk now is the sole director of the social media platform. “On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter. In accordance with the…
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