Elon Musk Reverses Plans to Join Twitter's Board

Tesla stock has reversed its slump after Elon Musk said he is finished selling stock in the electric vehicle firm he runs as CEO in order to fund his pending $44 billion acquisition of Twitter.

Azealia Banks is back on Twitter for the first time since 2020, when her account was suspended — not for the first time — for a series of transphobic tweets. Her return comes following Monday's news that Elon Musk had reached a deal to acquire Twitter for $44 billion.

Elon Musk has been making headlines after buying Twitter for a modest $44 billion cash on Monday.

Cate Blanchett says Elon Musk's takeover of Twitter is "very, very dangerous" for society. The 52-year-old actress is among the celebrities voicing their concerns about the Tesla and SpaceX CEO's purchase of the social media network and his plans to make it a "free speech" zone. In an interview with Variety, the 'Lord of the Rings' star simply said: "It's dangerous.

Todd Spangler NY Digital EditorTwitter, which this week accepted a deal to go private in a $44 billion sale to Elon Musk, reported income a touch lighter than Wall Street predicated in the first quarter of 2022. But the social network blew away forecasts on earnings and user growth.Q1 revenue was $1.20 billion, up 16% year-over-year, reflecting “headwinds associated with the war in Ukraine,” according to Twitter.

SpaceX-time continuum. Elon Musk’s $44 billion Twitter takeover wasn’t the first time he owned the platform.

acquired by Elon Musk.Former president Donald Trump’s Truth Social app previously ranked far lower in the days leading up to Twitter’s purchase. It was No. 171 on April 23 and climbed to No.

The Tesla mogul and richest man in the world made a surprise offer to buy the social media platform putting in a succesful bid of $54. 20 a share to acquire it which the board accepted. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Mr Musk said in a statement.

Todd Spangler NY Digital EditorTwitter is now in Elon Musk’s hands. What his successful maneuver to buy the company means for its 200 million-plus users — or for media and entertainment companies that use the platform to reach global audiences — is anything but clear.In the space of three weeks, Musk went from disclosing a 9.2% stake in Twitter to clinching a $44 billion deal for the company on April 25.

Though news of Elon Musk buying Twitter just broke, the jokes are already stale.

Elon Musk in a deal that values the company at $44 billion, the board announced Monday afternoon.«The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders,» Bret Taylor, the company's independent board chair, said in a statement.Musk, the CEO of Tesla and SpaceX, reiterated his plans to remake Twitter as a forum dedicated to promoting free speech.«Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,» he said in a statement.Musk also said he plans on «making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans» on the platform.It's the largest deal to take a company private in at least two decades, reported.The board voted unanimously in favor of the acquisition. The deal is expected to close this year, subject to the approval of Twitter's shareholders.The official acquisition caps off a drama worth of a soap opera between the famously mercurial Musk and one of the world's most prominent social networks.The billionaire disclosed earlier this month that he had become Twitter's largest shareholder, and soon after proposed to buy the company outright and take it private.

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.

Elon Musk has put in a huge offer to buy Twitter, due in part, because he believes the social media platform “needs to be transformed as a private company.”

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.

a filing with the Securities and Exchange Commission published Thursday, the billionaire Tesla CEO now pegged as the world’s richest man delivered a letter to Twitter on Wednesday proposing to acquire the company’s remaining shares at $54.20 apiece. That’s above the closing price of $45.86 on Wednesday, when the company had a $36.7 billion market cap.

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.

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