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.
26.04.2022 - 22:01 / nme.com
Elon Musk had purchased the website.The Tesla founder and entrepreneur successfully acquired the social media platform yesterday (April 25) for approximately $44billion (£34.5b), per The Independent.His offer was initially turned down by Twitter, which put a “poison pill” measure in place to stop a takeover attempt by Musk. However, the two parties later entered talks before the deal entered its final stages of negotiations.Yesterday, Musk shared a glimpse into his policy for the platform.
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.
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.
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.
The method behind the mega-purchase. Elon Musk made headlines around the world when he bought Twitter — and now he’s explaining why he did it.
Manchester City star Riyad Mahrez has pleaded with Elon Musk to give him his verified blue tick back on Twitter.
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.
Grimes is a frequent Twitter user but has said the social media site has ‘issues with public mental health’, just as her ex-boyfriend Elon Musk made his bid to buy the platform. It was announced last month that Tesla founder Musk, 50, had reached an agreement with Twitter to buy the platform for $44billion (£3.
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.
More of Amber Heard’s emails to Johnny Depp’s former agent have been revisited in his defamation trial — and it’s once again clear that she had Johnny on the brain after her breakup from Elon Musk.
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.
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.