Twitter, the popular social media platform, has imposed temporary limits on the number of posts users can view per day due to what Elon Musk, Twitter executive chairman, called “extreme levels of data scraping and system manipulation.” Users had been experiencing issues such as missing timelines and receiving “rate limit
Twitter lawsuit is on hold to allow Elon Musk to finalize the deal by October 28. Elon Musk agreed to buy Twitter at the initial offer price of $54.20 per share. Delaware Chancery Judge halted Twitter Inc’s lawsuit against Elon Musk on Thursday, allowing the billionaire time to complete his
The costs and expenses were disclosed by Twitter in its 10-Q filing to the SEC. Twitter sets date for shareholders to vote on the Elon Musk acquisition. Twitter reported expenses of $33.1 million for the second quarter due to the merger, which is battling with Elon Musk, after he declared
The board of directors recommends that all shareholders vote in favor of the agreement. Elon’s offer of $54.20 is a significant premium above the current market price. The Securities and Exchange Commission (SEC) has received a proxy statement from Twitter, requesting that shareholders approve Elon Musk’s $44 billion bid. Shareholders
