Commentary Not long ago, Elon Musk was regarded as a liberal superhero with a cape because of his support for green energy and electric cars. But now that he’s the new owner of Twitter with his estimated $40 billion to $50 billion acquisition, the left is as angry as hornets. Hundreds of employees are threatening…
FCC Commissioner Rejects Call to Block Elon Musk’s Twitter Takeover
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…
Elon Musk Could Still Lose Twitter Deal if a Higher Offer Is Made
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…
Elon Musk Could Still Lose Twitter Deal If Higher Offer Is Made
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…
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…
Elon Musk Weighs in on Twitter Blocking Hunter Biden Laptop Story During 2020 Election
Incoming Twitter owner Elon Musk issued a comment on the social media platform’s October 2020 decision to block the reach of a New York Post article detailing Hunter Biden’s overseas business deals. With just weeks to go before the 2020 election, the NY Post released a story about the younger Biden’s laptop. Twitter, Facebook, and…
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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