Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the ...
"Our concerns are not new," said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. On the other hand, he said, "Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the EV (electric vehicle) race." I don't care about the economics at all," he said in a recent public talk. "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," Musk said in a statement. read more Register now for FREE unlimited access to Reuters.com
Billionaire's buyout of social media company reignites debate about leaving the platform but is it too soon to act – and where could you go?
The easiest way to do that is through the “Settings and privacy” tab in the menu of the Twitter app. It really comes down to why you used Twitter in the first place. It’s partially why Musk might have been motivated to buy Twitter rather than starting his own social media site, like others, including Trump, have attempted. If you’ve stuck with what many people call “the hell site” for this long, it’s questionable whether Musk taking it over will be some sort of final straw. The Guardian asked Twitter what data was retained once a user permanently deletes their account. Musk has suggested he is a “free speech absolutist”.
Amazon founder raises concerns after Tesla boss strikes $44bn deal to buy social media platform.
The Musk takeover has been unexpected and controversial among Twitter employees. The tweet said China may now have a way of holding leverage over “My own answer to this question is probably not.
Twitter has fewer users and less money than many of its social media peers, but it has captured the attention of an influential group of users — including ...
I don’t care about the economics at all,” he said. The Tesla CEO is putting up a significant portion of his wealth to back the deal. After activist investor Elliott Management took a stake in the company in 2020, Twitter announced ambitious goals to boost its business, including increasing user growth and doubling its annual revenue by 2023. “Trump had a relationship with Twitter where he was really good at using the platform to get attention in his presidential campaign and then through the end of his presidency,” Porter said. Experts said Musk is not wrong to target Twitter if he wants to have an impact on public discourse. Twitter had a humble 338.6 million monthly global users last year, according to the estimates.
BEIJING: China's foreign ministry said on Tuesday (Apr 26) there was no basis for speculation that Beijing could try to use leverage over electric car maker ...
SINGAPORE — Tesla chief executive Elon Musk clinched a US$44 billion (S$60.4 billion) deal to buy over Twitter on Monday (April 25), in a move which will ...
In a Twitter poll on April 4, the Tesla CEO asked users if they wanted an edit button. Do you believe Twitter rigorously adheres to this principle?” Around 70 per cent voted 'no'. Mr Agrawal took over from Twitter co-founder and former boss Jack Dorsey in November 2021. “Free speech is the bedrock of a functioning democracy,” said Mr Musk in a statement posted on Twitter on Tuesday following the buyout. SINGAPORE — Tesla chief executive Elon Musk clinched a US$44 billion (S$60.4 billion) deal to acquire Twitter on Monday (April 25), in a move which will place one of the most popular social media platforms under the control of the world’s richest person. SINGAPORE — Tesla chief executive Elon Musk clinched a US$44 billion (S$60.4 billion) deal to buy over Twitter on Monday (April 25), in a move which will place one of the most popular social media platforms under the control of the world’s richest person.
Twitter Inc and its advisers were not sure at first how seriously to take him.Elon Musk's $54.20-per-share offer price for the social media company on April ...
Twitter shares, which had ended trading at $45.08 the day that Musk unveiled his bid, closed at $51.70, only a small discount to the deal price. If Twitter ignored Musk, some of the investors threatened to side with him in a tender offer that he had said he was exploring. The exact fee is expected to be disclosed in regulatory filings on Tuesday. That view was shared by many Twitter shareholders, including big active mutual funds, who reached out to Twitter after Musk showed he had financing for his offer. The board did not believe Agrawal could bring the stock back to $54.20 anytime soon. Such references harken back to his 2018 "funding secured" tweet stating that he was considering taking electric car maker Tesla Inc private for $420 per share.
Elon Musk's move to buy Twitter for US$44 billion has raised concerns about the depth of executive talent at his more valuable company, electric carmaker ...
Elon Musk has bought Twitter with a vision of a social media platform free of content moderation issues, but the changes on his mind raise concern given ...
Musk’s acquisition of Twitter highlights a whole host of regulatory concerns. This could make Twitter a sort of freewheeling opinion site for paying subscribers. Musk’s vision is to generate revenue for Twitter from subscriptions rather than advertising. In a series of deleted tweets, Musk made several suggestions on how to change Twitter, including adding an edit button for tweets and granting automatic verification marks to premium users. This positions Twitter as a historical chronicler of record and a de facto fact-checker. Musk’s ownership of Twitter and his stated reasons for buying the company raise important issues.
"Advertisers may shift budgets to other channels given brand safety concerns," JMP analysts wrote in a Tuesday note.
Those ad budgets would likely shift to other platforms like Snap, Pinterest and TikTok, the firm said. In 2017, brands like Coca-Cola and Microsoft pulled ad spend from YouTube over the misplacement of ads next to extremist content. As part of the "StopHateForProfit" campaign against Facebook in July 2020, major advertisers from Unilever to Starbucks announced various pauses in spending.
Hackers stole $3 million after breaking into the Bored Ape Yacht Club Instagram account; Crypto billionaire Sam Bankman-Fried talked candidly about how money ...
TOKYO -- Twitter on Monday accepted a $44 billion acquisition bid by Elon Musk, the billionaire CEO of Tesla and SpaceX, paving the way for the world'
Twitter locked down its source code to prevent unauthorized changes, sources familiar with the matter told Bloomberg. The reports say that this change was ...
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Before Twitter accepted Musk's $44 billion offer, he has floated numerous ideas for changing the social network. Not all of those proposals have been ...
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Elon Musk and Twitter Inc. reached an agreement for the world's richest man to buy the social networking platform for $44 billion, resolving the pressing ...
Advertisers could be reluctant to spend on Twitter if Elon Musk pushes ahead with plans to promote unfettered speech on the social media platform, ...
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From Donald Trump to David Icke, many high-profile casualties of Twitter's policy enforcement have an interest in a new broom.
The former Ku Klux Klan grand wizard had his account permanently suspended in 2020 due to repeated violations of Twitter rules on hateful conduct. The British rightwing commentator’s account was permanently suspended in 2020 for violating the platform’s “hateful conduct” policy. One of the UK’s most prominent conspiracy theorists, Icke was banned in 2020 for violating policies on coronavirus misinformation. The personal account of the Republican Georgia congresswoman was suspended permanently in January this year for violating policies on coronavirus misinformation. Its success at going viral on Twitter had attracted hundreds of thousands of followers, including MPs and government ministers. The two accounts had about 1.3 million followers combined.
Vijaya Gadde, a key executive involved in decisions to remove former President Donald Trump and ban political advertising, expressed uncertainty about the ...
“At times, this takes the form of hateful speech in tweets directed at women or minority groups; at others, it takes the form of threats aimed to intimidate those who take a stand on issues.” She faced a renewed wave of criticism after multiple reports confirmed she was behind the decision to ban Trump from Twitter. That would be a huge shift for the company, which has spent years creating elaborate guidelines to reduce the amount of vitriolic and threatening content on its platform. Musk has called for Twitter to truly embrace free speech and has advocated for open-sourcing Twitter’s algorithm and removing all spam bots from the platform. Gadde, who has worked at Twitter since 2011, is the key executive charged with overseeing Twitter’s trust and safety, legal and public policy functions. I think this was more of an acknowledgment of the uncertainty everyone is feeling right now.”
Twitter Chief Executive Parag Agrawal told employees on Monday (Apr 25) that the future of the social media firm is uncertain after the deal to be taken ...
Advertisement Advertisement Twitter Chief Executive Parag Agrawal told employees on Monday (Apr 25) that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes.