Jack Dorsey on Elon Musk’s Twitter Acquisition: ‘Taking It Back From Wall Street Is the Correct First Step’

Twitter CEO Parag Agrawal has cut loose two top executives and announced a hiring freeze ahead of the company’s acquisition by Elon Musk, whose share purchases are reportedly being investigated by the SEC.

Elon Musk said Twitter would reverse its ban of former President Donald Trump if his purchase of the social media company goes through, signaling just how permissive the platform could become toward free speech under his ownership.

Elon Musk is making his potential plans known.

Elon Musk confirmed what has been speculated since he reached a deal to buy out Twitter: He’d allow Donald Trump to return to the platform.

Elon Musk confirmed what has been speculated since he reached a deal to buy out Twitter: He’d allow Donald Trump to return to the platform.

Todd Spangler NY Digital EditorNo one, except maybe Donald Trump and his inner circle, expected the ex-president’s legal challenge to Twitter’s permanent ban on him — on First Amendment grounds — to succeed. But now a federal judge has officially dismissed the suit.Trump, joined by the American Conservative Union and five individuals, sued Twitter (and then-CEO Jack Dorsey) in July 2021 in a class-action lawsuit claiming they were “censored” by the service — in Trump’s case, through Twitter’s ban.

As their bromance heats up, Jack Dorsey has weighed in again to support Elon Musk’s pending acquisition of Twitter following news the Tesla CEO wants him to retain a stake and stick around.

CNBC, which cited unnamed sources.The Tesla CEO will take over as CEO of the social company for several months after the deal closes to take Twitter private for $44 billion. This comes as the San Francisco giant now faces an uncertain future under Musk’s potential ownership.

Elon Musk has unveiled a group of investors that together will provide about $7.14 billion in financing commitments for his pending $44-billion acquisition of Twitter, and said he’s talking to Twitter founder Jack Dorsey about sticking around as part owner.

leaned into censoring certain users and content in the months leading up to his resignation.How things have already changed.Dorsey is among a new group of investors being floated by Elon Musk, the free-speech champion massing billions to complete his purchase Twitter, to participate as an investor in his private version of the company, according to a Securities and Exchange Commission filing from Thursday.The more than $7 billion in new money includes 19 investors, some of whom are current Twitter shareholders – including Larry Ellison, Sequoia Capital, Qatar Holding, and Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia. Equity commitments range from $1 billion (Ellison) on down to $5 million (Honeycomb Asset Management).It wasn’t immediately clear how the $7 billion would fit into the standing $44 billion offer that Musk made for the company, which was accepted late last month.

Todd Spangler NY Digital EditorElon Musk is getting a little help from billionaire friends for his $44 billion Twitter takeover.According to an SEC filing Thursday, Musk has secured $7.14 billion in new financing commitments for the Twitter bid, including $1 billion from Larry Ellison. Ellison, co-founder and CTO of software giant Oracle, also sits on the board of Tesla, which Musk heads as CEO.In addition, Prince al-Waleed bin Talal of Saudi Arabia committed to retain the equity he owns in Twitter — his 35 million shares are worth $1.9 billion at Musk’s buyout offer — instead of receiving a cash payout, per the filing.Musk “will continue to have… discussions with certain existing holders” of Twitter stock, including ex-CEO Jack Dorsey, to contribute their shares toward his bid, according to the filing.

Manchester City star Riyad Mahrez has pleaded with Elon Musk to give him his verified blue tick back on Twitter.

One stylish mother! Elon Musk brought a very special lady to this year’s Met Gala — his mom, Maye Musk, and the pair seemed to have a great time at the star-studded celebration of fashion.

Elon Musk brought a very special lady to this year's Met Gala — his mom, Maye Musk, and the pair seemed to have a great time at the star-studded celebration of fashion.This year's Met Gala accompanies the second part of the Costume Institute's exhibition, «In America: An Anthology of Fashion,» with the controversial theme «Gilded Glamour and White Tie.» The concept is a homage to the United States' Gilded Age, an era of immense economic growth and major industrialization, as well as massive income inequality, political upheaval, and post-Civil War racism.Musk himself has been at the center of some controversy recently and has faced criticism for his $44 billion purchase of Twitter, with critics chastising him for not spending that money on philanthropic efforts.Speaking with ET's Rachel Smith on the carpet the the Metropolitan Museum of Art in New York City on Monday, Musk defended the acquisition, arguing, «I do a lot of things philanthropically.»«Really, my companies are intended to do good for the future of humanity,» he continued. «With Tesla trying to accelerate the advances in sustainable transport and energy and SpaceX is um providing internet to the lesser [served] people of the world.»«We are able to help Ukraine with the Starlink terminals and give connectivity, particularly in some of the hardest hit areas,» Musk added.

Elona” after a Putin-allied war-lord called him that – is now touting his “Shadow Crew,” a mocking response to a Wall Street Journal story suggesting a cabal of influential friends, described by the paper as a “secret crew of billionaires and misfits,” were egging him on to buy Twitter.“My Shadow Crew is sickkk!” he tweeted, adding: “Also, who are they again?”My Shadrow Crew is sickkk!Also, who are they again?The tweet was a reply to Silicon Valley investment titan Marc Andreesen, who posted the Journal story and said Musk has “a shadow crew of misfits egging you on.”So who are these misfits, supposedly? The Journal didn’t give a very long list, naming only former Twitter CEO Jack Dorsey and Seth Dillon, CEO of the conservative-leaning satire site Babylon Bee. Three people might be enough for a “crew,” but might be a bit light for, say, branded merch.Sell Shadow Crew merch to buy Twitter?There may be others, unnamed “crew” – the Journal reported that he’s “dismayed” that Donald Trump isn’t on the platform, citing “people who have spoken to him” – but no one else was named.Twitter’s board has accepted Musk’s offer to take the company private for $44 million, which still has some financial and regulatory hurdles to clear before being finalized.

Elon Musk, Tesla entrepreneur, SpaceX founder and world’s richest man, announced that he bought Twitter for $44billion to “unlock its potential” as a “free speech platform”. It’s been a busy year for Musk. As well as making headlines for his billionaire business investments, he’s welcomed a second baby daughter, Exa Dark Sideræll, with on-and-off girlfriend Grimes, has been called to testify in ex-girlfriend Amber Heard’s televised trial with her former husband Johnny Depp and has been with rumoured new girlfriend actress Natasha Bassett.

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.

purchase of Twitter. While some rejoiced the news, others vowed to leave the site due to the Tesla CEO’s ownership of the social media site.