Twitter is reportedly considering a so-called “poison pill” tactic to thwart Elon Musk’s effort to buy out the social media platform, prompting a critical response from the Tesla chief. Cameron Winklevoss, founder of the Gemini cryptocurrency exchange, said in a tweet that “Twitter is considering a poison pill to thwart @elonmusk’s offer,” while two anonymous…
Musk Responds to Reports Twitter Mulling ‘Poison Pill’ Tactic to Foil His Takeover Bid
April 15, 2022
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Business & EconomyCompanieseconomyElon MuskInvestmentMarketsMedia & Big TechPoison pillSocial MediaTechTwitterUSUS News
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Elon Musk Hints Says He Has a ‘Plan B’ If Twitter Takeover Bid Unsuccessful
Tesla CEO Elon Musk has hinted at a backup plan if his bid to take over Twitter fails. Speaking at a TED event in Vancouver on Thursday, the billionaire entrepreneur said: “I am not sure that I will actually be able to acquire it.” While Musk has said his $54.20-per-share offer is his “best and final” one,…
Elon Musk Says He Has a ‘Plan B’ If Twitter Takeover Bid Unsuccessful
Tesla CEO Elon Musk has hinted at a backup plan if his bid to take over Twitter fails. Speaking at a TED event in Vancouver on Thursday, the billionaire entrepreneur said: “I am not sure that I will actually be able to acquire it.” While Musk has said his $54.20-per-share offer is his “best and final” one,…
US Says North Korean Hackers Behind Axie Infinity Multi-Million Dollar Crypto Heist
The United States said Thursday that North Korean hacking group Lazarus was responsible for the multi-million dollar cryptocurrency heist of Axie Infinity, a game in which players can earn crypto through gameplay. “Through our investigation, we were able to confirm Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft…
NFT of Dorsey’s First Tweet Auctions for Mere $280
A non-fungible token (NFT) of the first-ever tweet drew only $280 in an online auction, vastly disappointing the expectations of the investor who hoped to turn around the costly NFT for an astronomical profit. The NFT of Twitter’s former CEO and co-founder Jack Dorsey’s tweet was first sold last year to Sina Estavi, an Iranian-born…
Twitter Shares Slide After Saudi Investor Rejects Musk’s Bid for Twitter
Elon Musk’s ambitious bid to take Twitter private under his ownership has hit a roadblock as Saudi investors are rejecting the Tesla CEO’s offer, causing Twitter shares to drop and setting the stage for a bitter struggle for control of the social media giant. On Thursday, several hours after Musk announced his “final offer” to…
Twitter Shareholders Face Tough Choice After Elon Musk’s Takeover Bid
April 14, 2022
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Business & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitter shareholdersTwitter shares
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Tesla and SpaceX CEO Elon Musk made a bid on Thursday to take Twitter private for $54.20 per share, or around $43 billion in cash, after rejecting a proposal of a board seat. Musk’s offer, which is 18 percent higher than the last closing price, is under consideration, the board said. Adam Candeub, law professor…
Elon Musk Offers to Buy Twitter and ‘Unlock’ Its Potential for Free Speech
April 14, 2022
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Business & EconomyCompanieseconomyElon MuskInvestmentMedia & Big TechSocial MediatakeoverTechTech NewsTwitterUSUS News
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Elon Musk has made an offer to buy “100 percent of Twitter” for around $43 billion, according to a regulatory filing, with the tech mogul saying he wants to actualize the company’s “extraordinary potential” to become a true platform for free speech. Musk offered to buy out Twitter for $54.20 per share in cash, according…
Google to Invest $9.5 Billion in US Offices, Data Centers This Year
Alphabet Inc.’s Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska, and Virginia. The…
Elon Musk Sued by Former Twitter Shareholders Over Alleged Late Failure to Disclose Stake in Company
Elon Musk is being sued by former Twitter shareholders who claim he failed to disclose his stake in the company on time, thus preventing them from profiting when the social media platform’s stocks shot up in price. The class-action lawsuit was filed in Manhattan federal court by plaintiff and stockholder Marc Bain Rasella, who is suing on…
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