Apple stock fell 3% today as it was hit by two headwinds — protests in China threatening iPhone production and claims of “censorship” lodged by new Twitter owner Elon Musk.
Elon Musk’s Tesla Pay Package Goes To Trial Monday Amid Twitter Chaos
12.11.2022 - 05:07 / deadline.com
Elon Musk is keeping Delaware Chancery Court busy. The same judge who shepherded months of contentious discovery in the billionaire’s legal battle with Twitter will preside at trial in a shareholder lawsuit against Tesla’s board over his 2018 pay package, calling it “the largest in human history.”
The Telsa stockholder Richard Tornetta – “individually and on behalf of all others similarly situated” sued board members James Murdoch, Robyn Denholm, Antonio Gracias, Linda Johnson Rice, Brad Buss, Ira Ehrenpries and Musk to invalidate the grant, worth up to $56 billion if the electric automaker achieved certain market cap and financial milestones.
The proceedings are set to start Monday morning with Musk up to his eyeballs in fallout from Twitter since his purchase. There’s Blue-Check chaos, thousands of employees fired and others resigning, the FTC breathing down his neck, advertisers wary, debt payments looming and, as he told staffers, bankruptcy not out of the question.
The shareholder turns attention to Tesla, calling its board “conflicted” and “supine” to the CEO, alleging Musk designed the package himself and pushed it through. It says three of the first milestones were easily achievable and that shareholders who voted to approve the package weren’t fully informed on all the details. It also called Musk a “part-time” employee who divided his time between various businesses, and said Musk demanded the package “for the avowed purpose of colonizing Mars (the planet).”
“It’s a very unusual filing. But what about Elon Musk isn’t unusual?” said Rosanna Landis-Weaver, a governance and compensation expert for shareholder advocacy group As You Sow.
Compensation cases have a high bar. If Chancery Court Judge Kathleen
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deadline.com
27.11.2022 / 02:49
Stephen King Says Elon Musk “Is A Visionary” But “A Terrible Fit For Twitter”
Stephen King is back at it again calling out Elon Musk. In his latest tweet, the “King of Horror” is taking jabs at the Tesla and Twitter owner.
deadline.com
25.11.2022 / 03:39
Elon Musk Says He’ll Reinstate Suspended Twitter Accounts Beginning Next Week
Twitter owner Elon Musk said Thursday that beginning next week he will begin reinstating suspended accounts of users, who had been banned for offenses such as violent threats, harassment, abuse and misinformation.
deadline.com
20.11.2022 / 04:33
Elon Musk Reinstates Donald Trump’s Twitter Account
Elon Musk said on Saturday that Donald Trump will be reinstated to Twitter after holding an online vote of the platform’s users.
deadline.com
19.11.2022 / 15:01
CBS West Coast Station KPIX-TV Steps Back From Twitter; Elon Musk Polls Followers On Trump’s Return
One of CBS’s West Coast subsidiaries has paused its postings and interactions on Twitter, in light of ongoing uncertainty over the future of the social media platform.
deadline.com
19.11.2022 / 00:37
Elon Musk Reinstates Kathy Griffin On Twitter, Misspells Name; Comic Responds In Kind
Who could resist an invitation like this: Twitter owner Elon Musk says comic Kathy Griffin can return to Twitter — but he misspelled her name as “Kathie.”
deadline.com
18.11.2022 / 13:47
Elon Musk’s Twitter Shuts Staff Out Of Offices Until Monday
The crisis at Twitter has amplified as the social media giant told staff they are locked out of its offices until Monday (November 21).
completemusicupdate.com
11.11.2022 / 14:25
Doja Cat is no longer known as Christmas on Twitter, after Elon Musk saves the day
Doja Cat is no longer called Christmas. That’s the big news today.The rapper changed her name on Twitter earlier this week to the prematurely festive moniker.
deadline.com
11.11.2022 / 04:09
Elon Musk Tells Twitter Employees, “Bankruptcy Is Not Out Of The Question”
After recently laying off half of Twitter’s employees and on the same day that three of the company’s top security executives quit, the world’s wealthiest man reportedly told Twitter’s remaining product team members that the company he just bought could see “net negative cash flow of several billion dollars” in 2023 and “bankruptcy is not out of the question” if that happens.
deadline.com
10.11.2022 / 01:59
Elon Musk Concedes Twitter’s Move To Paid Blue-Check Verification May Be A “Dumb Decision”, Intends To Get “80% Of Humanity” On Platform
New Twitter owner Elon Musk presided over a rambling, hourlong appeal to advertisers, defending the newly instituted $8-a-month blue-check verification program and vowing to make the social platform “a force for good.”
usmagazine.com
09.11.2022 / 00:45
Celebs Who’ve Left Twitter Amid Elon Musk’s Takeover: Gigi Hadid, Whoopi Goldberg and More
Bye to the bird app. Controversial entrepreneur Elon Musk’s takeover of Twitter has led to many polarizing opinions — and many stars’ departures from the social media platform.
deadline.com
07.11.2022 / 08:17
Kathy Griffin Defies Twitter Suspension & Returns Under Her Deceased Mother’s Account, Elon Musk Replies
Kathy Griffin was suspended from Twitter but found a way to return to the digital platform by using her deceased mother’s account.
deadline.com
07.11.2022 / 05:03
Kathy Griffin Gets Silenced As Twitter Suspends Her Account & As Elon Musk Warns People “Engaging In Impersonation”
Kathy Griffin lost her privilege of “free speech” on Twitter after her account was suspended. This was followed by a tweet from Elon Musk warning people about “engaging in impersonation.”
deadline.com
06.11.2022 / 19:51
Mark Ruffalo And Elon Musk Spar Over The $8 Checkmark Plan, With AOC The Instigator
The $8 War of the Blue Checks is heating up.
deadline.com
05.11.2022 / 13:41
Ex-Twitter Exec Shares His Two Biggest Concerns For Company After Elon Musk Halves Workforce
Following a black Friday for many now ex-Twitter employees, a former exec at the platform has shared his two big concerns for Twitter and its remaining staff.
deadline.com
04.11.2022 / 19:13
Elon Musk Says Twitter’s Had A Massive Revenue Drop Despite Its Attempts “To Appease The Activists”
As Twitter employees face mass layoffs starting today, new overlord Elon Musk says the platform has seen “a massive drop in revenue, due to activist groups pressuring advertisers.”
deadline.com
04.11.2022 / 04:55
Twitter Mass Layoffs Expected To Begin Shortly, As Elon Musk Starts His Overhaul
Twitter has reportedly sent out a company-wide email warning its estimated 7,500 employees that layoffs will start Friday.