Commentary There are a number of parallels between the careers of these two billionaires. This is the second part of a two-part series that compares Elon Musk and Donald Trump. Part one examined Musk’s summary offer to acquire Twitter, why the left is apoplectic about it, and what he has been exposing about Twitter along…
Ditch the Phone
“This past year, American teens and pre-teens spent an average of nine hours per day in front of a screen.” So writes Auguste Meyrat, a teacher, in his online article about tech addiction and our young people. They “are glued to their devices, playing video games, scrolling through social media, and streaming videos.” The harm…
Investors Sue Elon Musk and Twitter Over Pending Takeover
May 29, 2022
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Business & EconomyCompaniesElon Musk TwitterJudiciaryMedia & Big TechSEC - U.S. Securities and Exchange CommissionTwitterUS
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The CEO of Tesla and SpaceX, Elon Musk, was sued by Twitter investors for “unlawful conduct” claiming he manipulated the company’s stock price downward by sowing doubt about his bid to buy the social media company. Twitter, which is based in California’s Bay Area, was also named as a defendant in the suit, which argued that…
Twitter Keeps Musk Ally Durban on Board, Rejects Resignation
Twitter Inc. said in a filing on Friday it will not accept Egon Durban’s resignation from the board, two days after shareholders blocked his reelection at an annual meeting. Durban is an ally of Elon Musk, who has offered to take Twitter private in a $44 billion deal. Twitter said Durban failed to receive the…
Elon Musk Is Taking a Page From Donald Trump’s Book: Part I
Commentary Elon Musk’s acquisition of social media giant Twitter could be just the start of his public service to America. To the great consternation of the American Left, Musk is in the process of acquiring Twitter. Is this a random—albeit very surprising—act on the part of Musk, or is it the start of something wholly…
12 Groups Behind Protest of Musk’s Twitter Takeover Have Ties With Gates Foundation, Soros
May 26, 2022
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Bill & Melinda Gates FoundationBill GatesBusiness & EconomyCompaniesElon MuskGates FoundationMedia & Big TechMuskSocial MediaTechTech NewsTwitterUSUS News
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Around a dozen liberal groups that pressured Twitter advertisers to boycott the platform in response to Elon Musk’s plans to acquire it received money from entities backed by Bill Gates and George Soros, an analysis of public filings shows. In early May, a group of 26 organizations penned a public letter claiming that the Tesla…
Twitter to Pay $150 Million After Being Accused of Improperly Selling User Data
May 25, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesData privacyFeatured TopicsMedia & Big TechTwitterUSUS News
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Twitter has agreed to pay $150 million after it was accused of having sold private information from users to target advertising, without having informed them. The Justice Department and the Federal Trade Commission (FTC) announced the settlement that, if approved by a federal court, requires Twitter to pay the amount in civil penalties, as well as…
Jack Dorsey Steps Down from Twitter Board
Twitter’s former CEO Jack Dorsey has reportedly stepped down effective immediately from his seat on the social media platform’s board after a stakeholder meeting on Wednesday. The move was expected after Twitter “shared back in November” that Dorsey would leave the board when his term expired at the 2022 meeting of stockholders, a Twitter spokesperson…
Twitter Shareholders Meet Amid Elon Musk’s Takeover Drama
Twitter’s regularly scheduled shareholder meeting Wednesday didn’t include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform. But the prospects of the buyout and the drama that’s surrounded it seemed to be on participants’ minds anyway. CEO Parag Agrawal said at the outset that executives won’t be answering any questions…
Twitter Shares Jump After Elon Musk Boosts His Equity Commitment in Twitter Takeover
Twitter shares jumped more than 7 percent in after-hours trading following a fresh securities filing showing Elon Musk has boosted the equity commitment in his Twitter buyout to $33.5 billion from $27.5 billion. The filing stated that Tesla’s CEO has allowed the margin loan commitment provided by Morgan Stanley to expire. The margin loan was…
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