Twitter Shares Rise As Elon Musk & Jack Dorsey Slam Board Amid Speculation On Rival Bids

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.

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.

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.

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.

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.

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.

Elon Musk’s divisive $44 billion dollar Twitter takeover has sparked threats of exodus by a pearl-clutching segment of Twitter users, who claim that the social media platform will become a cesspool of hate with the Tesla boss at the helm. The hashtags “#RIPTwitter” and “DeleteTwitter” were trending Monday — but so far there’s no proof self-proclaimed progressives are following through.

Pat Saperstein Deputy EditorTwitter co-founder and former CEO Jack Dorsey commented on Elon Musk’s acquisition of the social media platform on Monday night, kicking off his thread with Radiohead’s song “Everything In Its Right Place.”“I love Twitter. Twitter is the closest thing we have to a global consciousness,” he wrote.After stepping down from Twitter in November 2021, Dorsey continued to sit on the company’s board of directors. The board approved Musk’s $44 billion acquisition Monday morning.I love Twitter.

gained ownership of Twitter for $44 billion. The saga began little over a week ago, when Musk bought a 9.2% stake in the social media giant and offered to buy it for $43 billion shortly after. The hostile takeover bid raised questions about what could happen if Twitter’s board accepted or declined, and what it would look like if the Tesla and SpaceX CEO took the company private.

his hostile takeover of the social media giant, while current CEO Parag Agrawal could earn $39 million from his golden parachute package.Dorsey, who stepped down as CEO late last year, holds just over 18 million shares in Twitter — which has been the bulk of his compensation while he took a $1.40 annual paycheck while serving as chief executive since the platform launched in 2006. With Musk’s buyout offer at $54.20 per share, Dorsey stands to walk away from his company with just under $1 billion, according to the company’s latest proxy filing.Other Twitter execs could see cash payouts if Musk brings in new management and terminates them.

Fox News, Trump has no intention of reinstating his Twitter account. Instead, he will join his own platform within a week after not using it since its February launch.“I am not going on Twitter, I am going to stay on Truth,” Trump told Fox. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth.”After a faulty launch two months ago, Truth Social has reportedly recovered with new cloud services. “We’re taking in millions of people, and what we’re finding is that the response on Truth is much better than being on Twitter,” Trump said.

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.

Zack Sharf Donald Trump confirmed to Fox News that he will not return to Twitter despite the company’s sale to Elon Musk. Trump plans to use his own social media platform, the recently-launched Truth, for all of his social media needs moving forward. The Truth app launched earlier this year to several glitches, but it did hit the No.

It looks like Elon Musk‘s Twitter takeover might actually happen as sources are saying that those behind the social media platform will accept his $43 billion cash buyout.