Tag: elon musk


Elon Musk Gets Shareholders’ Vote For Twitter Takeover

Twitter shareholders endorsed Elon Musk’s takeover of the company’s platform, billed at $44 billion, at a value of $54.20 per share. The company’s stock opened at just under $41 per share, nearly 25% below the deal price. The vote came days after Musk’s third letter to Twitter seeking to terminate their deal, with this one pegged to a purported $7.75 […]


Twitter Cries Foul

Twitter is claiming a spend of $33m on Elon Musk’s proposed deal to buy the firm between April and June 2022 has set back the company. It noted that its number of monthly daily users had risen to 237m, albeit it suffered a net loss of $270m, which was worse than expected. Musk had earlier announced he would be terminating […]


Musk Sends Twitter Stock Price Fluttering

Elon Musk sent Twitter’s stock on a rollercoaster ride early Friday as he claimed that his $44 billion deal to take over the site was “temporarily on hold” — then insisted hours later that he was “still committed” to the buyout. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of […]


Elon Musk Warned By European Commission

Elon Musk has been warned he must protect Twitter users from harmful content after he struck a $44 billion deal to buy the social media giant. The billionaire vowed to relax content restrictions, sparking fears from human rights groups it could lead to a rise in bullying and misinformation. However, the European Union’s representative for the internal market has warned […]


Business Mogul Elon Musk Concerned With Under-Population

Business billionaire Elon Musk laments the low level of the world’s population.  The Tesla CEO said recently at The Wall Street Journal’s Annual CEO Council meeting that there are “not enough people” in the world and it could threaten human civilization. “I think one of the biggest risks to civilization is the low birth rate and the rapidly declining birthrate,” […]


Elon Musk Is Now The World’s Richest Person — Move Over Jeff Bezos

Elon Musk has become the world’s richest person as his net worth crossed US$185 billion. The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla’s share price increased recently. He takes the top spot from Amazon founder Jeff Bezos, who had held it since 2017. Mr. Musk’s electric car company Tesla has surged in value this year […]