Musk gave whistleblower as the reason for terminating the $44 billion deal. But Musk and Twitter have both issued subpoenas demanding information on Zatko. Elon Musk, CEO of Tesla and the wealthiest man in the world, recently sent Twitter Inc. another notice of termination of their contract. This time, though,
The U.S. SEC has investigated Twitter’s approach to detecting spam accounts. Elon Musk initially offered to buy out the social media platform for $44B. This past Thursday, Delaware Court of Chancery judge and chancellor Kathaleen St. J. McCormick issued an order mandating that Twitter Inc. (NYSE: TWTR) furnish further information
A US court ordered a fast-Track trial regarding a dispute between Elon Musk and Twitter. A Twitter lawyer declared that Musk is trying to bring down the platform. A court order issued on Monday requires Twitter Inc. to provide Elon Musk data from a former Twitter executive. Twitter was ordered
There were 7,924,107 TSLA shares sold, according to Tesla CEO Elon Musk. In the previous 10 months alone, Musk has sold $32 billion worth of shares. Tesla CEO Elon Musk has been in the spotlight a lot lately. Musk has been the talk of the town in every aspect of
Elon Musk filed a lawsuit against the social media company, Twitter. Musk backed out from the $44 Billion deal as he had no access to internal records. On Friday, the company share ended at $41.61. Earlier this month, Elon Musk filed paperwork stating that he pulled back his transaction of
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 social media firm now has 237 million daily users. Elon Musk offered to buy Twitter for $44 billion in cash, or $54.20 a share. Elon Musk’s pending purchase of Twitter and a fall in advertising revenue were blamed for the social media company’s second-quarter loss of $270 million. According
In 2018, a sexual harassment case was filed against Tesla’s CEO. A lawsuit against Musk for promoting Dogecoin is in proceedings. Twitter reportedly wants to take legal action against Tesla and SpaceX CEO Elon Musk over the decision of terminating the 44 billion dollar deal. And appoints the New York
The twitter $44 billion deal has been terminated by the Musk Party. The reason stated is the breach in certain sections as per the merger agreement. Elon Musk officially sent a notice stating his termination from the Twitter deal to the chief legal officer of Twitter on July 8. This
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
