Elon Musk Joins Twitter Board After Buying Large Stake

Elon Musk is serious about that offer.

Todd Spangler NY Digital EditorTech billionaire Elon Musk is moving forward with his potential bid to acquire Twitter, revealing that he has lined up $46.5 billion in financing for a possible tender offer for the company.The financing was disclosed in an SEC filing Thursday. Musk’s financing includes commitments from Morgan Stanley and “certain other financial institutions.”According to the filing, Musk has not yet determined whether he will make a tender offer for Twitter or whether he will take other steps to further the proposal.Last week, Musk — the CEO of Tesla and SpaceX who is the wealthiest person on the planet — proposed to buy Twitter for about $43 billion in a hostile takeover, offering $54.20 per share for the social media company.

Netflix stock is tanking because the “woke mind virus” has made its programming “unwatchable.”Netflix stock took a 25% nosedive this week after reporting its first loss of subscribers in a decade, according to its first-quarter earning report released Tuesday. The stock plunged about 24% in after-hours trading as investors were alarmed by the unexpected loss of customers, and a projection by Netflix that much more is in store.Subscriber losses were blamed on a host of things — widespread password sharing, inflation, the loss of 700,000 accounts disabled in Russia, to name a few — but the Tesla and SpaceX founder, who wants to add “Twitter owner” to his long resume — had a much simpler theory: Netflix’s “woke” programming is turning people off in droves.“The woke mind virus is making Netflix unwatchable,” Musk tweeted in response to a report on the stock dip.The woke mind virus is making Netflix unwatchableTo be fair, Musk indicated that the ideological contagion theory applies to more than just the world’s largest streaming service.

Johnny Depp told a Virginia court of his childhood abuse as his mother was “suicidal” and his father told him that “you’re the man now” when he left the family. The actor entered the witness booth on the fifth day of the trial, which began on Monday 11 April in Fairfax, Virginia following Mr Depp’s lawsuit against Ms Heard in March 2019.

Johnny Depp’s sound engineer Keenan Wyatt has testified during the actor’s defamation trial against his ex-wife Amber Heard that she became “abruptly loud” when he told her that Mr Depp cared for her. According to Mr Wyatt, Ms Heard yelled “how dare you talk to me” after he tried to speak to her during a private flight.

The latest installment of Saturday Night Live’s Weekend Update remembered late comedian Gilbert Gottfried, who died on Tuesday after a lengthy illness. He was 67.

The world’s richest man has the funds to buy Twitter. But if he can’t clinch a deal for some reason, he told a TED Talk Thursday, he’ll bring along as many shareholders as he can to reform the social media giant that’s become America’s “public square.”

Elon Musk has confirmed his interest in becoming the outright owner of Twitter and says he has submitted a bid to purchase the social media company. Musk says he feels he can unlock the "extraordinary potential" of Twitter, which he bought a 9.2% stake in just 10 days ago. Musk, the world's richest man through his business interests in Tesla and SpaceX, used Twitter to share a link to a regulatory filing on Thursday, confirming that he had launched a takeover bid.

Billionaire Elon Musk has offered to buy Twitter for about US$41 billion in cash, saying the social media company he has often criticized needs to go private to see effective changes.

Tech billionaire Elon Musk has made an offer to acquire Twitter for $54.20 a share – valuing the social media giant at $41.4BN.

Patrick Frater Asia Bureau ChiefElon Musk, the controversial billionaire, has made an offer to buy all of social media group Twitter for $43 billion, according to a filing made Thursday morning.The move comes just days after the Tesla pioneer revealed that he had bought a 9% stake in the company and followed that by announcing that he would join its board of directors. That quickly proved unpopular and Musk and the board did a U-turn, announcing it for the best that he did not form part of the boardroom.

Elon Musk has been filed with a lawsuit by Twitter investors for failing to disclose that he had bought a substantial stake in the company.The Tesla chief revealed on April 4 that he had acquired a 9.2 per cent stake in the social media platform.Shares in Twitter soared as investors viewed the move as a vote of confidence, according to The Guardian.But federal trade laws require that investors notify the US Securities and Exchange Commission (SEC) after surpassing a 5 per cent stake in a company within 10 days. Musk acquired his shares on 14 March but did not make that public until over two weeks later.A new lawsuit filed in New York yesterday (April 12) alleges, in the time between passing the 5 per cent threshold and publicly reporting, Musk was able to buy up additional shares at a deflated price.Experts estimate that the delay may have resulted Musk netting $156million (£120million), according to The Washington Post.The lawsuit seeks class action status on behalf of investors who sold Twitter stock during that time who claim they lost out on gains they would have been aware of had Musk disclosed his stake earlier.After Musk disclosed his stake, Twitter shares rose 27 percent from $39.31 to $49.97.

filed a securities fraud lawsuit against Tesla CEO Elon Musk for his late disclosure of his stake in Twitter — a delay that the lawsuit claims saved Musk some $143 million.The claim filed in New York claims that the late disclosure simultaneously cost Twitter shareholders that sold stock between March 24 and April 1. The complaint stated that Musk waited days to declare his investments of more than a 5% stake.

Twitter shareholders are going after Elon Musk.

Chief of executive of electric car company Tesla, Elon Musk, is being sued by Twitter Inc shareholders.

William Earl Elon Musk is facing a federal lawsuit from a group of Twitter shareholders who claim the Tesla founder failed to properly disclose his purchases of the social media giant’s stock.The suit filed Tuesday in U.S. Southern District of New York asserts that Musk was 10 days late in filing his legally mandated disclosure form after amassing more than 5% of Twitter shares with a buying binge that started in January.The suit, filed by Marc Bain Rasella, asserts that Musk had reached the 5% disclosure threshhold by March 24 but he didn’t file the proper paperwork until April 4.

Elon Musk has decided not to join the board of Twitter.His appointment was due to take effect over the weekend after he bought a 9.2 per cent stake in the social media platform last week.But the company’s chief executive Parag Agrawal has today (April 11) announced that Musk “has decided not to join our board”.“The Board and I had many discussions about Elon joining the board and with Elon directly,” he wrote in a lengthy tweet. “We were excited to collaborate and clear about the risks.

Tesla CEO Elon Musk won’t be joining Twitter’s board of directors as previously announced. The tempestuous billionaire remains Twitter’s largest shareholder.