Tag: Media & Big Tech

Musk Figured Out Twitter Is ‘Just a Global PR Wire’: Truth Social CEO Devin Nunes

Many free speech advocates have been disheartened after Elon Musk walked away from a $44 billion deal to buy Twitter. They lament that the Tesla CEO’s promises to loosen content restrictions may not materialize. But to Truth Social CEO Devin Nunes and Chairman Donald Trump—the deal doesn’t matter that much. They both supported Musk’s purchase because it…


Elon Musk Reacts to Twitter Lawsuit Threat

Billionaire tech mogul Elon Musk reacted with a series of memes to Twitter’s preparations to sue him in a bid to force him to buy the social media platform for $44 billion. In a late-night Twitter post on Sunday, Musk shared a meme featuring with images of himself laughing, along with captions that marked several…


How Twitter and Tesla Shares Would React to Termination of Musk-Twitter Deal: Analysts Weigh In

After weeks of dilly-dallying, Tesla, Inc.’s chief executive officer Elon Musk confirmed late Friday that he is terminating the deal to buy Twitter, Inc. Legal Battle In Cards Close on the heels of Musk’s disclosure of his intentions, Bret Taylor, chairman of Twitter’s board, tweeted that the board is committed to closing the transaction on…


Trump Responds After Elon Musk Moves to Pull Out of Twitter Deal

Former President Donald Trump reacted to tech billionaire Elon Musk’s filing that seeks to pull out of the $44 billion deal to purchase Twitter, saying he knew it would happen. Trump, who himself owns the Truth Social platform, told Breitbart News that “I knew that Twitter had a lot of the fake accounts because I read,…


Elon Musk Files to Exit Twitter Deal

Tesla CEO Elon Musk said he is exiting his multi-billion-dollar deal with Twitter over concerns about its spam bots, a newly revealed SEC filing shows. “While Section 6.4 of the Merger Agreement requires Twitter to provide Mr. Musk and his advisers all data and information that Mr. Musk requests ‘for any reasonable business purpose related…


Elon Musk Files to Terminate $44 Billion Twitter Deal

Tesla CEO Elon Musk said he is exiting his multi-billion-dollar deal with Twitter over concerns about its spam bots, a newly revealed SEC filing shows. “While Section 6.4 of the Merger Agreement requires Twitter to provide Mr. Musk and his advisers all data and information that Mr. Musk requests ‘for any reasonable business purpose related…


Elon Musk Walks Away from $44-Billion Twitter Deal, Twitter to Sue

Tesla CEO Elon Musk has filed to exit from his multi-billion-dollar deal with Twitter over concerns about its spam bots, a Securities and Exchange Commission (SEC) filing shows. “While Section 6.4 of the Merger Agreement requires Twitter to provide Mr. Musk and his advisers all data and information that Mr. Musk requests ‘for any reasonable…


Dave Rubin Suspended by Twitter After Defending Jordan Peterson

Twitter suspended Dave Rubin after the conservative talk show host defended renowned Canadian psychologist Jordan Peterson. “I have been suspended by Twitter for posting a screenshot of Jordan Peterson’s tweet which got he himself suspended,” Rubin wrote in a statement on July 5. “While it is unclear how I broke their terms of service,” he continued, “it…


Twitter Says 5 Percent Bot Figure is Accurate, Removes 1 Million Spam Accounts Per Day

Twitter stock rallied as much as 3 percent after executives reiterated that spam bots represent fewer than 5 percent of users. In a conference call media brief on Thursday, Twitter officials told the press that the social network conducts manual reviews of thousands of accounts every quarter to come up with its 5 percent figure,…


Meta Sues US Subsidiary of Chinese Company for Scraping User Data

Meta is suing the U.S.-based subsidiary of a Chinese tech firm and one individual, which it accused of illegally scraping data from Facebook and Instagram. “Today, we’ve filed separate actions in federal court against Octopus and Defendant Ekrem Ateş for scraping data from Facebook and Instagram,” a Meta representative said in a press statement on…