Twitter shares surged as news emerged that Elon Musk’s takeover bid could be accepted by Twitter’s board as early as Monday. Reuters reported that Twitter’s board of directors is close to reaching a deal with the world’s richest man to sell the social media network for roughly $43 billion in cash. According to anonymous sources,…
How Elon Musk Managed to Convince Banks for Financing Proposed Twitter Deal?
Elon Musk disclosed in a filing on April 21 that he has received commitments for $46.5 million in debt financing to buy Twitter, Inc.. The announcement came a week after he launched his hostile takeover bid, and the social media platform reacted with the adoption of a poison pill. In a week’s time, how did…
Twitter Bans Ads That ‘Contradict the Scientific Consensus on Climate Change’
Twitter is prohibiting advertisers from running ads that “contradict the scientific consensus on climate change,” the company announced on April 22. The clampdown on such ads aligns with the company’s policy on inappropriate content, which bans ads using misleading content, two Twitter officials said in a blog post. “We believe that climate denialism shouldn’t be…
Elon Musk Rebuffs Bill Gates’ Climate ‘Philanthropy’ Request in Scathing Text
Elon Musk said he had confronted fellow billionaire Bill Gates over the Microsoft founder’s supposed holding of some $500 million in Tesla shorts in a series of testy text messages in which Musk rebuffed Gates’ request to discuss climate change philanthropy. In an April 22 tweet, Musk confirmed the veracity of a text message exchange…
Elon Musk Rebuffs Bill Gates’s Climate ‘Philanthropy’ Request in Scathing Text
Elon Musk has said he confronted fellow billionaire Bill Gates over the Microsoft founder’s supposed holding of roughly $500 million in Tesla shorts in a series of testy text messages in which Musk rebuffed Gates’s request to discuss climate change philanthropy. In an April 22 Twitter post, Musk confirmed the veracity of a text message…
Analysis: Musk Tears Up Buyout Playbook With $46.5 Billion Twitter Financing
It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way. More than two-thirds of the $46.5 billion financing package that Musk unveiled on Thursday in support of his bid for Twitter Inc. would come from his assets, with the remainder coming from bank loans secured against…
You Ask, We Analyze: As the SPY Continues to Plunge, Here’s Where to Watch for the Bounce
On Thursday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. From the replies Benzinga selected one ticker for technical analysis. @SnowsBurner, @NealEllis16 and @AndreasErnesto are buying the SPDR S&P 500. The SPY gapped up 0.86 percent on Thursday but plunged intraday to close the session down 2.34 percent off…
Elon Musk Creates 3 Holding Companies in Effort to Buy Twitter
Elon Musk, CEO of Tesla and SpaceX, has created three Delaware-based holding companies in his recent bid to acquire Twitter, raising the possibility of a broader umbrella company for the investor’s numerous business interests. These holding companies, named “X Holdings I,” “X Holdings II,” and “X Holdings III,” were filed with the Securities and Exchange…
The Libs of TikTok Story Is a Damning Story, All Right—Damning to Journalism
Commentary It happened just like that. On April 19, The Washington Post decided to “doxx”—to reveal the identity of—the hitherto anonymous female manager of Libs of TikTok, the hugely popular but hated-by-liberals Twitter account that re-posts with scathing commentary the selfie videos that purple-haired, bizarrely pierced schoolteachers post of themselves standing in their classrooms and…
Twitter Buoyed by Elon Musk’s Acquisition Plans: Here’s What Lies Ahead for the Stock
Twitter Inc. spiked up over 5 percent higher at one point on Friday and was holding stronger intraday than the general markets, with the S&P 500 plunging almost 2 percent. The stock’s comparative strength is likely due to Tesla Inc. CEO Elon Musk’s tender offer to acquire Twitter for $46.5 billion, which was revealed through…
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