Tag: Media & Big Tech

Musk Purchase of Twitter ‘A Big Deal’: Former White House Aide

April 27, 2022
Business & EconomyCompaniesDonald TrumpElon MuskHogan GidleyMedia & Big TechPoliticsSocial MediaTechUSUS News
0 Comment

Hogan Gidley, a former White House deputy press secretary during the Trump administration, says the significance of Elon Musk purchasing Twitter “cannot be understated.” In an interview with NTD Wednesday, Gidley laid out his view that the $44 billion purchase of the social media platform will allow for a more diverse range of voices and…

Read More

Musk’s Mention Highlights Twitter Counsel Baker’s Russiagate Past at FBI

April 27, 2022
Business & EconomyCompaniesElon MuskJames Bakerjohn durhamMedia & Big TechPoliticsSocial MediaTechUSUS News
0 Comment

Former top FBI lawyer, James Baker, who now serves as Twitter’s deputy general counsel, has had a spotlight thrown on him after billionaire Elon Musk, who recently negotiated a deal to buy Twitter, responded to comments about Baker’s past actions during the FBI’s Russia investigation in 2016. On April 26, a day after Musk reportedly…

Read More

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

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
0 Comment

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…

Read More

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

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
0 Comment

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…

Read More

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

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
0 Comment

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…

Read More

Twitter-Musk Deal Includes $1 Billion Termination Fee: Filing

April 27, 2022
Business & EconomyCompaniesMedia & Big TechTechTwitter
0 Comment

Elon Musk will have to pay Twitter Inc. a fee of $1 billion if the billionaire terminates his $44 billion cash deal for the social media company, it said in a filing on Tuesday. One of the conditions for Musk’s payment is if the deal falls through because the equity, debt and or margin loan…

Read More

Wall Street Opens Higher After Tech Selloff

April 27, 2022
Business & EconomyCompaniesMarketsMedia & Big TechstocksUS
0 Comment

Wall Street’s main indexes opened higher on Wednesday on strong earnings from Microsoft and Visa, following a brutal selloff in the previous session that sent the tech-heavy Nasdaq to its lowest close since December 2020. The Dow Jones Industrial Average rose 210.7 points, or 0.63 percent, at the open to 33,450.92. The S&P 500 rose…

Read More

Facebook Removes Video of Briton Captured by Russia Following Request From UK Minister

April 27, 2022
Aiden AslinBusiness & EconomyCompaniesEuropeMedia & Big TechRussia-Ukraine WarShaun PinnerUKWorld
0 Comment

Facebook has removed “Russian misinformation” video of a British-Ukrainian soldier being questioned in handcuffs after the social media platform was approached by a British minister, Prime Minister Boris Johnson said. YouTube has taken down a video of Aiden Aslin—a 28-year-old British-born Ukrainian armed forces soldier captured by the Russians in the Ukrainian city of Mariupol—on Friday, but Aslin’s…

Read More

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

April 27, 2022
Business & EconomyCompaniesElon MuskMedia & Big TechParag AgrawalSocial MediaTechTwitter
0 Comment

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…

Read More

Decentralized Twitter Spinoff Company Distances Itself From Musk

April 27, 2022
Business & EconomyCompaniesElon MuskJack DorseyMedia & Big TechTechTech NewsTwitter
0 Comment

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…

Read More