Two reports claim that billionaire Elon Musk plans massive layoffs when he takes ownership of the company. They say that the planned cuts to Twitter jobs amount to 75% of the workforce …
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There’s still no end in sight to the Elon Musk Twitter acquisition saga. Despite the two parties both expressing their intention to complete the deal, the lawsuit between the two is only on hold – and now Musk and Twitter are each claiming that the other side is under federal investigation.
Both the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC) are believed to have an interest into possible wrongdoing by Musk…
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There seems to be no pause in the ongoing Twitter controversies prompted by the on-off-on purchase of the social network by Elon Musk.
The latest developments involve a report about burned notebooks, deleted files, and whether an unhinged antisemitic tweet would have been allowed to remain up under Musk’s ownership …
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Season one of the Elon Musk Twitter saga drew to a close yesterday when the billionaire announced that he would proceed with his promised purchase, and the company accepted.
But there’s much more to come, of course, even if there is no surprise twist. The latest fun begins with banks starting to sweat over the terms of their own involvement…
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It’s been a roller coaster ride between Elon Musk and Twitter this year with the Tesla CEO giving up on the acquisition back in July. Days after, Twitter sued Musk for breach of contract. Now in the latest chapter of the saga, Musk has sent a letter to Twitter with a proposal to go through with the $44 billion purchase.
Update 12:26 pm PT: Via Walter Bloomberg, a Twitter spokesperson has shared “the intention of the company is to close the transaction at $54.20 per share.”
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Twitter COVID-19 misinformation labeling has got the company more into trouble as it made literally dozens of embarrassing errors this week. It mistakenly applied the label to factually correct tweets from doctors and scientists, in some cases suspending their accounts.
Twitter has offered its apologies to those affected, and promised to review its procedures to prevent any repetition …
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Elon Musk confirmed last week that he was officially giving up on the deal he made with Twitter back in April in which he promised to buy the social media platform for $44 billion. Now Twitter is suing Musk for not honoring the deal.
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Back in April, the well-known billionaire Elon Musk announced that he would buy Twitter in a $44 billion deal. However, the deal was put on hold a month later after a number of controversies. Now Elon Musk seems to have officially backed out of the Twitter deal, as he has formally notified the company that he will no longer acquire it.
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A tweet by Elon Musk mocks Apple over the company’s announcement of a further delay to the next phase of its return-to-office plans …
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The man of the hour, Elon Musk, is tweeting as much as he can in these past few weeks – and might be related to his deal to buy Twitter. In his latest tweet, Musk is once again attacking Apple’s App Store fees to developers. This time, he compares it to having a “30% tax on the internet.”
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While many fear that Elon Musk’s vision of “absolute free speech” is just another way of saying Twitter toxicity is set to increase, the company is doing its best to reassure advertisers that it will protect them from being associated with any of it …
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Reactions to Elon Musk buying Twitter are in, and it’s fair to say that the overall tone is not one of wholehearted support. Even Twitter itself is taking precautions against potential employee reactions.
But the purchase does have at least one fan: Twitter founder Jack Dorsey …
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Twitter may announce its acceptance of Elon Musk’s $43 billion acquisition offer as soon as later on Monday, according to a new report from Reuters. Musk submitted his “best and final” offer to acquire Twitter just under two weeks ago, a move which came just two weeks after the Tesla and SpaceX CEO bought a 10% stake in the company.
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Tesla CEO Elon Musk has sent an official offer to buy Twitter and sent it as an ultimatum as he basically threatens to sell his shares if the offer is not accepted.
And the saga continues.
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A new SEC filing revealed that Elon Musk, better known as CEO of Tesla and SpaceX, invested almost $3 billion in Twitter and now owns almost 10% of the social media platform.
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Walter Isaacson ran into controversy when he wrote his lengthy biography on Apple cofounder Steve Jobs a decade ago. But that apparently hasn’t deterred him from tackling tech guru bios, as he is now writing an Elon Musk biography …
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In the process of denying he asked Tim Cook to be CEO of Apple during an alleged conversation about a Tesla acquisition, Elon Musk has turned his attention to Apple’s App Store, saying Epic Games is right and that Apple holds a “de facto global tax on the Internet.”
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Tesla today reported its earnings for the second quarter of 2021, as detailed by our colleagues over at Electrek. During the accompanying earnings call this afternoon, Tesla CEO Elon Musk took a pair of jabs at Apple, criticizing the company over its App Store policy as well as its use of cobalt in iPhone and Mac batteries.
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Never one to shy away from provocative opinions, Tesla CEO Elon Musk told the Re/code conference that Apple may have left it too late to compete effectively in the autonomous car field. He also said that not all companies exploring the idea appreciate the scale of the undertaking.
I think they should have embarked on this project sooner. I don’t think they’ll be in production sooner until 2020. Is that too late? […]
The sheer scale of automotive manufacturing is hard to imagine until you see the plants. The size of the industrial infrastructure is astonishing.
He did, though, wish Apple luck …
During an interview at Tesla’s design Studio in Los Angeles, Tesla CEO Elon Musk commented on Apple’s rumored electric vehicle program, codenamed “Project Titan“. It was hardly the first time the CEO commented on the project, but it always interesting to hear about the possibility of Apple bringing an electric car to market. This time Musk called the project under-development an “open secret” and agreed that Apple is “serious about it.”
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While we can’t say for sure that an Apple Car will ever go on sale, it’s a certainty by this point that the company is devoting substantial development resources to the project. Tim Cook said recently that there would be “massive change” in the car industry, and that “autonomous driving becomes much more important.”
But as a recent opinion piece on sister site Electrek argued, and Elon Musk warned, actually manufacturing a car is massively more complex than making consumer electronics devices. Apple will therefore be looking for partners to pull together different elements of the car. Re/code has put together an interesting look at the most likely candidates …
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San Francisco-based Mission Motorcycles, a maker of high-end electric motorcycles, recently filed for bankruptcy amid financial troubles. In the filing, current CEO Mark Seeger said the company is so low on cash that it can’t afford to pay for an attorney for the bankruptcy process, but while recently talking with Reuters, former CEO Derek Kaufman dismissed the company’s lack of money and instead blamed Mission’s demise on Apple’s poaching of top engineers…
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Yesterday we reported on comments made by Tesla CEO Elon Musk during a recent interview with German newspaper Handelsblatt. The CEO, known for speaking his mind candidly on occasions, made comments that could easily have been interpreted as critical to the design of the Apple Watch and the quality of the company’s hires from Tesla, but Friday afternoon Musk took to Twitter to soften those comments.
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Apple’s so-called “poaching war” with Tesla has been a hot topic for the company’s CEO Elon Musk and in a recent interview, Musk fired even more shots at Apple. Speaking to German newspaper Handelsblatt, Musk voiced his lack of concern regarding Apple’s tendency to hire Tesla engineers and executives. Musk is recently finished a trip around Europe, speaking with politicians and Tesla employees.