(Bloomberg) — Tesla Inc. chief executive officer Elon Musk told a judge he shouldn’t be prohibited from talking about his fight with the U.S. Securities and Exchange Commission, as shareholders suing him have requested. It’s the latest volley in a lawsuit in which shareholders claim Musk’s 2018 tweet about taking the company private manipulated its […]
Read More(Bloomberg) — Tesla Inc. shareholders suing over Elon Musk’s 2018 tweet about taking the company private say they won a key ruling in the run-up to a fraud trial with billions of dollars in damages at stake. The investors said a federal judge agreed with them that “no reasonable jury could find Musk’s tweets on […]
Read More(Bloomberg) — Twitter Inc.’s board is considering adopting a measure that would protect the company from hostile acquisition bids, according to people with knowledge of the matter, following billionaire Elon Musk’s unwelcome offer to take the company private. One of the options under consideration is adopting a poison pill, known as a shareholder rights plan, […]
Read More(Bloomberg) — Even for the world’s richest person, $43 billion is a steep price. Elon Musk’s proposed all-cash offer to buy Twitter Inc. represents about one-sixth of his $259.3 billion fortune. Yet the vast majority of that wealth is tied to his stake in Tesla Inc., the electric carmaker he co-founded that has surged in […]
Read More(Bloomberg) — Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it. The world’s richest man will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a value of about $43 billion. The […]
Read More(Bloomberg) — Shares in Twitter Inc. fell after Elon Musk decided not to join the board, after speculation the world’s richest person could mount a takeover of the social media platform. After discussions with management, Musk decided against joining Twitter’s board over the weekend, a dramatic reversal that also ends a previous agreement to keep […]
Read More(Bloomberg) — Cathie Wood speculated that Elon Musk’s new ownership stake in Twitter Inc. might open the door to a management shakeup at the social media company. Musk is sending a “strong signal” to Twitter chief executive officer Parag Agrawal, Wood, the founder and chief executive officer of Ark Investment Management LLC, said in an […]
Read More(Bloomberg) — Elon Musk has taken a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. Twitter shares surged about 26% in premarket trading after the regulatory filing released Monday detailing Musk buying the holding. The stake is worth about $2.89 […]
Read MoreTwitter Inc. (TWTR) traders bought the rumor and sold the news on Monday, bidding up the stock to a 2-week high after reports that CEO Jack Dorsey would step down and dumping positions aggressively after he announced his immediate departure. The selloff made perfect sense, with Chief Technology Officer Parag Agrawal taking the helm, raising […]
Read More(Bloomberg) — Michael Burry has deleted his Twitter account once again, shortly after “The Big Short” investor disclosed he ditched some of his biggest bearish bets. A search for Burry’s account, @michaeljburry, on the Twitter.com website showed the account no longer exists. Burry has repeatedly deleted and reactivated his account in recent months. Scion Asset […]
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