Twitter Inc. shareholders on Tuesday approved Elon Musk’s $44 billion deal to take the company private. What Happened The approval now gives Twitter and Musk the greenlight to face off in the Delaware court on Oct. 17, Loup Funds’ Gene Munster said. The focus of the trial would be on the billionaire’s counterclaim regarding the…
Elon Musk–Twitter Deal’s Fate Divides Analysts In Aftermath Of Shareholder Approval
Elon Musk and Jeff Bezos Lose Over $18 Billion In Inflation-Fueled Stock Selloff
Billionaires Elon Musk and Jeff Bezos saw their fortunes plunge on Tuesday after a higher-than-anticipated inflation report was released, which led market experts to brace for another aggressive interest rate hike from the Federal Reserve. Amazon founder Bezos’s wealth plunged by $9.8 billion, according to the Bloomberg Billionaires Index, while Tesla founder Musk saw his net worth decline by $8.4 billion. The…
Twitter Shareholders Vote in Favor of $44 Billion Elon Musk Purchase
A majority of Twitter shareholders on Tuesday voted in favor of accepting Musk’s April offer of $54.20 per share amid whistleblower testimony alleging the platform isn’t secure and is a privacy risk. The shareholder meeting lasted about 7 minutes, and the vote lasted only 3 minutes. A vote count read during a live stream of the…
Elon Musk Calls Out Instagram as ‘Envy Amplifier’
Tesla CEO Elon Musk took aim at a major social media platform again, on Sept. 12, using Twitter to call out rival platform Instagram as an “envy amplifier,” echoing both his own previous remarks and the criticisms of other whistleblowers who have singled out Instagram as a uniquely toxic platform. Musk directed his remarks in…
Elon Musk Sees Deflation Coming If There Is Another Major Fed Rate Hike
Elon Musk has warned that another interest rate hike by the U.S. Federal Reserve could result in deflation hitting the economy. Last year, Musk predicted that the U.S. would enter a recession. On Friday, Federal Reserve Governor Christopher Waller warned that he expects a “significant” interest rate increase later this month. He mentioned that policymakers should stop…
Elon Musk Hints at Potential Apple–Spacex Partnership for iPhone 14 Satellite Feature
Tesla Inc. and SpaceX CEO Elon Musk said he’s had some “promising conversations” with Apple Inc. over Starlink connectivity. The billionaire entrepreneur said on Twitter Thursday that the iPhone team is obviously “super smart.” “For sure, closing link from space to phone will work best if phone software & hardware adapt to space-based signals vs…
Elon Musk Isn’t the First: Disney ‘Almost’ Bought Twitter Until Bob Iger Noticed These Red Flags
As Tesla Inc. Elon Musk fights a legal battle to steer clear of the deal with Twitter, Inc., another executive reminisced about his interest in the social media platform years ago and what kept him from going ahead with a deal. What Happened Back in 2016 when the board of the Walt Disney Company was convinced of…
Elon Musk $258 Billion Dogecoin Lawsuit Expands
NEW YORK—The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.. According to an amended complaint filed on Tuesday night in Manhattan federal court, Musk, his electric car company…
Elon Musk Says This Is Why He Wouldn’t ‘Demonize Oil And Gas’ As He Lists 3 Key Pillars of a Sustainable Energy Future
Tesla Inc. CEO Elon Musk has consistently come across as a crusader for a sustainable future for humanity, and his numerous ventures are geared toward achieving the goal. What Happened In an interview at the recent ONS conference held in Stavanger, Norway, Musk explained that his perspective on disruption is to consider what course of…
Elon Musk Says This Is What Builds Public Trust Around Information
Tesla, Inc. CEO Elon Musk touched upon a host of issues at the opening session of the ONS conference held recently in Stavanger, Norway. What Happened When asked what trust is all about, the billionaire responded that people want to know that the information they receive is truthful and that it’s representative of the full picture….
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