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Tag: elon musk

Elon Musk sent Warning messages to Twitter CEO Parag Aggarwal: Reports
Nowhera Shaik

Elon Musk sent Warning messages to Twitter CEO Parag Aggarwal: Reports

Elon Musk, the CEO of Tesla, and Twitter are engaged in a heated argument that is changing all the time. According to recent reports, Musk texted Twitter CEO Parag Agrawal on June 28 informing him that the company's lawyers were attempting to "cause trouble" after they requested information on the financial terms that Musk was planning to use to complete the acquisition of Twitter. This was before withdrawing from the agreement. "Your lawyers are using these conversations to cause trouble. That needs to stop,"  According to reports, Musk wrote. Musk delivered a specific statement, when Twitter asked about how he would pay for the Twitter agreement. After Musk chose to back out of the USD 44 billion acquisition offer a few days ago, Twitter filed a lawsuit. According to The...
Twitter to Fight Musk, hired firms who made Poison pills Defence
Business

Twitter to Fight Musk, hired firms who made Poison pills Defence

According to reports, Twitter has retained Wachtell Lipton, Rosen & Katz, a well-known law firm with its own Wikipedia entry, whose founding partner Martin Lipton is credited with creating the shareholder rights plan, also known as the "poison pill," a defence mechanism that Twitter initially used to thwart Musk's attempted takeover. Musk filed a paper last Friday, July 8, 2022, in an effort to revoke his $44 billion acquisition of Twitter. Bret Taylor, the chairman of Twitter, counter-tweeted in response to the action. He said that the business would continue to take legal proceedings to finalise the acquisition as planned. Bloomberg reported that the micro-blogging service that presents its case in the Delaware Court of Chancery has urged Wachtell Lipton's appointment. Th...
Elon Musk terminates USD 44 billion Twitter Deal
Business

Elon Musk terminates USD 44 billion Twitter Deal

Elon Musk, the CEO of Tesla, has sent a letter. In this letter he explains why he is canceling the USD 44 billion deal to buy Twitter, claiming numerous violations of the acquisition agreement. Twitter is in material breach of numerous terms of the Merger Agreement, as further explained below, Mr. Musk is terminating the agreement, the letter stated on Friday. "In short, Mr Musk has repeatedly provided detailed clarifications intended to make it easier for Twitter to identify, and gather. And disclose the most pertinent information sought in Mr. Musk's original requests, but Twitter has not provided the information Mr. Musk has requested for nearly two months." Agreement between Twitter and Elon Musk In an agreement worth about $44 billion. Elon Musk and Twitter agreed to be...
Twitter Lays off 100 Employees From HR Team Amid Elon Musk Takeover
Business, Latest News

Twitter Lays off 100 Employees From HR Team Amid Elon Musk Takeover

Since Elon Musk purchased Twitter for $44 billion, 100 members of the talent acquisition team have been let go. A spokeswoman for Twitter confirmed these layoffs to TechCrunch without providing any additional information or the total number of employees impacted. The corporation will "reprioritize" the remaining recruitment workers while providing severance compensation to the fired employees. In all departments, Twitter had previously imposed a hiring freeze. The microblogging service this month reallocated staff away from the audio Spaces, Communities, and newsletters verticals in favor of areas that "will have the greatest positive impact on the public conversation" as a result of Twitter pausing hiring. In May, Twitter CEO Parag Agrawal sacked the head of revenue products and cons...
Did Elon Musk Buy Twitter
Business, Latest News

Did Elon Musk Buy Twitter

Did Elon Musk Buy Twitter. Elon musk after announcing that he is about to buy Twitter suddenly he put a hold on his decision. Now he is stating that approximately 5% of the Twitter's users are fake that’s why he will again think about this deal. 👉 Elon Musk Buying Twitter. Today Elon musk suddenly wrote in his tweet that he has holded the deal of buying Twitter till the time it won’t get clear that in Twitter the percentage of fake users are 5%. Elon musk announced this thing when a report was handed over by Twitter to United States securities and commission few days back and in this report it is stated that in the whole world twitter has 22 crores 90 lakhs monetize daily active users in which 5% users are having fake accounts. monetize daily active users means people who login...