The UK’s influential Digital, Culture, Media and Sport Committee (DCMSC) has called Elon Musk to a hearing to discuss how he “will balance his clear commitment to free speech with new obligations to protect Twitter’s users from online harms.”
15.04.2022 - 20:35 / variety.com
Cynthia Littleton Business EditorTwitter’s board of directors hastily approved a poison pill agreement in the wake of Elon Musk’s unsolicited $43 billion takeover bid that surfaced Thursday.The “limited duration shareholder rights plan” that was unanimously approved by Twitter board late Thursday is designed to stop any individual or entity from amassing more than a 15% stake in the company by buying shares on the open market.“The Rights Plan is intended to enable all shareholders to realize the full value of their investment in Twitter. The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the board stated.
The UK’s influential Digital, Culture, Media and Sport Committee (DCMSC) has called Elon Musk to a hearing to discuss how he “will balance his clear commitment to free speech with new obligations to protect Twitter’s users from online harms.”
K.J. Yossman The U.K.’s Digital, Culture, Media and Sport (DCMS) committee has invited Elon Musk to discuss his proposed purchase of Twitter.MP Julian Knight, who chairs the cross-party parliamentary committee, has written to Musk to extend the invitation.“My Committee has noted your proposed acquisition of Twitter and we are interested in the developments you propose,” Knight writes.
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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.
Elon Musk has an agreement to buy Twitter. But no one can agree on what that means, and Bill Maher’s HBO show Real Time spent a good portion of Friday’s run trying to make sense of it.
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.
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.
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.
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.
Radiohead song.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.Dorsey shared a statement about the purchase with a link to Radiohead’s ‘Kid A’ track, ‘Everything In Its Right Place.’https://t.co/jeNtFyRrpR— jack⚡️ (@jack) April 26, 2022He then added: “I love Twitter. Twitter is the closest thing we have to a global consciousness.”I love Twitter.
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.
The Good Place star Jameela Jamil is quitting Twitter and it’s all because of the sale of the platform to Elon Musk.
statement.Twitter said its board of directors “unanimously adopted a limited duration shareholder rights plan” after the unsolicited offer from Musk this week to acquire the company. The rights plan will expire on April 14, 2023.“The Rights Plan is similar to other plans adopted by publicly held companies in comparable circumstances,” the statement continued.