News Analysis What started off as a 9.2 percent stake in Twitter this past spring has turned into a litigious affair between billionaire Elon Musk and the social media giant. Musk decided to terminate his $44 billion agreement to acquire Twitter based on the issue of bots. He alleges that the company is misrepresenting…
The Four Potential Outcomes of Twitter Versus Musk Trial
News Analysis What started off as a 9.2 percent stake in Twitter this past spring has turned into a litigious affair between billionaire Elon Musk and the social media giant. The Tesla and SpaceX CEO decided to terminate his $44 billion agreement to acquire Twitter based on the issue of bots, alleging that the company…
The 4 Potential Outcomes of Twitter Versus Musk Trial
News Analysis What started off as a 9.2 percent stake in Twitter this past spring has turned into a litigious affair between billionaire Elon Musk and the social media giant. The Tesla and SpaceX CEO decided to terminate his $44 billion agreement to acquire Twitter based on the issue of bots, alleging that the company…
4 Potential Outcomes of the Twitter Versus Musk Trial
News Analysis What started off as a 9.2 percent stake in Twitter this past spring has turned into a litigious affair between billionaire Elon Musk and the social media giant. The Tesla and SpaceX CEO decided to terminate his $44 billion agreement to acquire Twitter based on the issue of bots, alleging that the company…
Is the EU Using China’s Methods of Surveillance?
Commentary Let’s play a quick game of word association. When you hear the word “China,” what other words spring to mind? Persecution, communism, tyranny, “zero-COVID” madness. How about surveillance? Having lived in China for nearly two years, I speak from experience when I say the following: the Chinese Communist Party (CCP) monitors the actions of…
Twitter Blames Worse-Than-Expected Earnings on Elon Musk, Wobbly Ad Market
Twitter’s newly released second quarter financial results show the social media giant’s revenue shrinking over the year and its net losses at a bigger-than-expected $270 million, with the company blaming its poor performance in part on Elon Musk. Revenue shrank 1 percent year-over-year in the second quarter to $1.18 billion, Twitter said in a July 22…
4 Reasons Why This Analyst Says Twitter Has a Legal Edge Over Elon Musk
The Twitter Inc. vs. Elon Musk legal showdown has begun after the social media platform’s filed a lawsuit against Musk in the Delaware court of Chancery. Twitter has a 60 percent chance of winning a court order to enforce a take-private deal by Musk, according to Bloomberg Intelligence Litigation analyst Matthew Schettenhelm, who said he expects the…
Judge Sets Trial Date for Elon Musk Legal Battle With Twitter
July 19, 2022
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Business & MarketsCompaniesElon MuskElon Musk Twitter DealJudiciaryMedia & Big TechSocial MediaTechTwitterUSUS News
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Elon Musk suffered a defeat in the first legal square-off between the world’s richest man and Twitter. Kathaleen McCormick, the chancellor of the Court of Chancery in Delaware who presided over the hearing, ordered that a 5-day trial take place in October 2022. The date is about a month later than the September 2022 expedited…
Twitter, Musk Square Off in Court Over Bid for Fast-Track Trial
WILMINGTON, Del.—Twitter Inc.’s showdown with Elon Musk over his $44 billion takeover faces its first test on Tuesday, when a judge will weigh the company’s bid for a fast-tracked trial which it says it needs to ensure deal financing doesn’t come unraveled. The San Francisco-based company is seeking to resolve months of uncertainty for its…
Elon Musk Seeks to Block Twitter Request for Expedited Trial
July 16, 2022
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Business & MarketsCompaniesElon MuskExpeditedMedia & Big TechmergerSocial MediaTechtrialTwitterUSUS News
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Elon Musk filed a motion on Friday opposing Twitter Inc.’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial in two months should be…
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