Elon Musk Sells $8.4 Billion in Tesla Stock to Fund Twitter Takeover

Elon Musk is making his potential plans known.

Todd Spangler NY Digital EditorDevin Nunes, the former congressman who is now CEO of Donald Trump’s social-media rival to Twitter, claimed that his new boss “encouraged” tech mogul Elon Musk to acquire Twitter, to “take on these tech tyrants.”Musk says that’s false.“I’ve had no communication, directly or indirectly, with Trump, who has publicly stated that he will be exclusively on Truth Social,” Musk tweeted Friday, replying to a New York Post article about Nunes’ claims.In an appearance Wednesday on Fox Business Network’s “Varney & Co,” Nunes said, “President Trump, basically before Elon Musk bought it, actually said to go and buy it because the goal of our company is really to build a community where people are in a family-friendly, safe environment.” Nunes added, “we encouraged Elon Musk to buy” Twitter, because “someone has to take on these tech tyrants… Donald Trump wanted to make sure that the American people got their voice back and that the internet was open and that’s what we are doing.” Nunes, who is CEO of Trump Media & Technology Group, once sued Twitter, seeking $250 million in damages, alleging in part he was defamed by anonymous parody accounts “Devin Nunes’ Mom” and “Devin Nunes’ Cow.” A judge threw out the case.Musk has said he’s primarily interested in protecting “free speech” on Twitter, and he has criticized the company for allegedly having a left-leaning political bias. That stance has led right-wingers — who have long alleged Twitter (and other internet platforms) somehow stifle conservative viewpoints — to champion Musk’s $44 billion bid for Twitter.Twitter permanently banned Trump shortly after the Jan.

Grimes called out Twitter’s “issues with public mental health” just days after her on-and-off again boyfriend Elon Musk announced he’d reached a deal to purchase the social media platform for $44bn. Canadian singer Grimes speaks with MIT podcast host Lex Fridman on his show, Lex Fridman Podcast.

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.

disclosed in SEC filings on Thursday. Musk said Thursday that he doesn’t plan to sell off any more shares in the government-subsidized car company.According to the SEC filing, Musk initiated the sales on April 26, the day after his bid to acquire Twitter was announced.

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.

Tesla head’s divisive $44 billion takeover of Twitter Monday. Rogan heaped praise on the billionaire during a Tuesday episode of the “Joe Rogan Experience” with guest Jessica Kirston.“Oh s–t, oh s–t, Elon Musk just bought Twitter,” gushed the former “Fear Factor” host, who has received fierce backlash over his alleged anti-vaxxer comments, among other controversies.

“authenticate all humans” on the app, as part of an effort to weed out the thousands of bots on the platform. He has not said how specifically he plans to do that yet.Haines added that the measure would, at the very least, “make people pause” because of the possible real-world consequences.

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.

Elon Musk's attempt to stage a takeover at Twitter appear to be gathering pace with the New York Times reporting on Sunday that the Tesla CEO has entered negotiations with the board of the social media company. This latest development follows Twitter's decision last week to take the "posion pill" option of diluting its stock in order to make any potential takeover prohibitively expensive.

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.

Billionaire provocateur Elon Musk has sealed his acquisition of Twitter, leaving a major social media platform in the hands of the impulsive head of two other companies, SpaceX and Tesla.

Elon Musk is making a bid to buy social media giant Twitter. The billionaire owner of Tesla said he has lined up $46.5 billion in financing to buy the platform and negotiations between the two parties are understood to be underway.

multiple reports on Monday. Financing of Musk’s bid of $54.20 a share, the sources said, was “a turning point” that enabled the 11 board members to “seriously consider his offer.”Individuals close to the company told the Times that the board was negotiating with Musk “into the early hours of Monday” to discuss “other contours around a potential deal,” which included a timeline to close a deal and fees that would be paid “if an agreement was signed and then fell apart.”The Tesla and SpaceX founder announced Thursday that he had lined up $46.5 billion in funds to buy Twitter, and was considering a tender offer to shareholders if the board rejected his offer.