The judge overseeing Twitter Inc.’s $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor or chief judge of the Court of…
Judge in Twitter v. Musk Once Made Rare Ruling: Ordering a Deal to Close
How This Twitter Analyst Expects Lawsuit Against Elon Musk to End
A Twitter Inc analyst said Thursday their skepticism of the company has “flipped” after a review of its lawsuit against Elon Musk. The Twitter Analyst Barton Crockett upgraded Twitter from Neutral to Buy and raised the price target from $33 to $52. The Twitter Takeaways It previously seemed like the company was being evasive in disclosing its…
Burned Twitter Deal Bankers See Silver Lining in Musk’s Startups
Wall Street’s top investment banks that stand to lose lucrative fees from Elon Musk abandoning his $44 billion acquisition of Twitter Inc. hope the start-ups backed by the world’s richest person will make up for the lost business. Musk has been one of Wall Street’s biggest patrons, doling out nearly $500 million in fees to…
Groundbreaking Judge Will Oversee Twitter’s Lawsuit Against Musk
WILMINGTON, Del.—The first female chief judge on Delaware’s nationally known business court will oversee Twitter Inc’s lawsuit that seeks to hold Elon Musk to his agreement to buy the social media platform for $44 billion, according to court records. Kathaleen McCormick took over the role of chancellor, or chief judge, last year after the retirement…
Hindenburg Goes Long on Twitter, Bets Against Musk
Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter Inc. shares, sending the stock up about 8 percent, a day after the social media firm sued Elon Musk for backing out of his $44 billion deal. On Tuesday, Twitter sued Musk for violating his $44 billion deal and asked a…
SpaceX Starship Booster ‘Probably’ Returning to Pad After Explosion—Elon Musk
WASHINGTON—The Starship rocket booster SpaceX plans to use for an inaugural flight to orbit will “probably” return to its launch mount in Texas next week following a testing explosion on Monday, the company’s chief executive, Elon Musk, told Reuters. “Damage is minor, but booster will be transferred back to the high bay for inspections, returning…
Tesla’s High-Profile Autopilot Executive Departs
SAN FRANCISCO—Andrej Karpathy, a high-profile Tesla executive who played a key role in developing the electric car maker’s artificial intelligence and driver assistant technology, said on Wednesday he is leaving the company. The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla Chief Executive Elon Musk races to…
Federal Agency’s Letter to Elon Musk Questions Tweet About Twitter Deal
The U.S. Securities and Exchange Commission asked Tesla CEO Elon Musk for more details related to his Twitter deal, regarding the $44 billion purchase that he recently attempted to pull out of, according to a new regulatory filing issued Thursday. On May 13, Musk wrote that the Twitter deal was “temporarily on hold” after the…
Twitter Staff Attrition Rises as Elon Musk Refuses to Back Golden Handcuffs Scheme to Retain ‘Tweeps’
Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent. “Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers…
Twitter Exodus Continues Amid Buyout Battle with Elon Musk
Twitter said it’s experiencing somewhat elevated levels of staff attrition amid the social media giant’s buyout battle with Elon Musk, who refused to agree to a golden handcuffs plan endorsed by Twitter management to retain talent. “Tweeps,” as the company dubs its employees, have been quitting their jobs at a similar rate to industry peers…
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