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…
Trump’s Truth Social Tops App Store Downloads Amid Musk’s Twitter Purchase
Former President Donald Trump’s Truth Social topped the Apple App Store downloads list days after Elon Musk’s acquisition of Twitter. The Truth Social app rose to No. 1 on the app charts on Tuesday, coming amid speculation that Musk’s purchase of Twitter for $44 billion would imperil the Trump-backed platform. Musk himself posted about the…
Trump’s Truth Social Tops App Store Amid Musk’s Twitter Purchase
Former President Donald Trump’s Truth Social topped the Apple App Store downloads list days after Elon Musk’s acquisition of Twitter. The Truth Social app rose to No. 1 on the app charts on Tuesday, coming amid speculation that Musk’s purchase of Twitter for $44 billion would imperil the Trump-backed platform. Musk himself posted about the…
Twitter-Musk Deal Includes $1 Billion Termination Fee: Filing
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…
Enjoy Unlimited Access to Microsoft Office on Your Mac for Only $50
Sponsored Content via StackCommerce Even if there are many free alternatives available, there’s no denying that Microsoft Office’s suite of apps remains unbeatable both at home and in the workplace. Despite the ubiquity of rival software, nothing can surpass Office’s functionalities, which is why many homes and offices still use them to this day. But…
Russian Court Orders Seizure of $7 Million in Google’s Russian Funds, Property: Reports
April 27, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropefund seizureGoogleInternationalMarketsRussiaRussia-Ukraine WarSocial MediaTechTech NewsWorld
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A Moscow court has ordered the seizure of 500 million roubles ($7 million) worth of Google’s property and funds in Russia, news agencies said, in a lawsuit concerning restrictions the U.S. tech firm has placed on the YouTube channel of a prominent television firm. Alphabet Inc.’s Google did not immediately respond to a request for…
EU Says Its Rules Apply to All Online Platforms, ‘Mr Musk Knows This Well’
April 27, 2022
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Business & EconomyCompanieseconomyElon MuskEU digital rulesEuropeSocial MediaTechTech NewsTwitterWorld
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AMSTERDAM—The European Commission said on Tuesday it was too early to comment on the deal Tesla Chief Executive Elon Musk has struck to buy social media site Twitter but recalled that the bloc’s digital services rules apply to all major platforms. “Our Digital Services Act applies to all major platforms, to ensure their power over…
Twitter CEO Set to Receive $42 Million If Terminated After Musk Deal
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…
Decentralized Twitter Spinoff Company Distances Itself From Musk
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…
Texas Governor Wants Elon Musk to Bring Twitter Near Tesla, SpaceX in His State
Texas Gov. Greg Abbott on Monday threw at Tesla Inc. CEO Elon Musk an idea to shift Twitter Inc. headquarters to the second-largest U.S. state, where the billionaire entrepreneur’s other companies are already based. What Happened The 64-year-old Texas governor sent out a request on the microblogging site and tagged Musk in the post. .@elonmusk. Bring Twitter…
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