Elon Musk Will Not Be Joining Twitter Board; “I Believe This Is For the Best,” Company CEO Says

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.

Elon Musk is thought to have donated half a million dollars to the American Civil Liberties Union in Amber Heard's name. On Wednesday, amid Johnny Depp's ongoing defamation trial against Heard, Terence Dougherty, the Chief Operating Officer and General Counsel of the ACLU, testified about what donations the organization has received from and on behalf of the former couple.

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

The general counsel of the ACLU testified that the foundation believed that billionaire Elon Musk was behind a $500,000 payment to help the actress fulfill a $3.5 million donation pledge to the organization.

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.

Twitter has accepted Elon Musk's $44 billion offer to purchase the social media site and take it private, CNBC reports. Talks between Musk and Twitter stalled for weeks before escalating quickly on Monday with the company agreeing to Musk's price of $54.20 per share just hours later.

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

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.

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.

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.

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.