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New Elon Musk Threat Has Twitter Stock Falling
Twitter
Reverses
Course on
Musk Demand
UPDATED
Jun 8, 2022 11:47 AM CDT

Twitter Reverses Course on Musk Demand

Company will provide more information to help evaluate 'bot' accounts

(Newser) - Updated: Twitter will relent and give Elon Musk all the information he wants to help him evaluate how many bogus accounts—or bots—are on the platform, reports the Washington Post . The company will give him access to what the Post describes as the full "firehose" of its daily...

During MLB Matchup, a Most Unusual Twitter Stream

During Thursday's game between Yankees, Rays, teams live-tweeted stats on gun violence

(Newser) - MLB fans looking to keep up with the game Thursday night between the New York Yankees and Tampa Bay Rays got quite the surprise when they logged on to Twitter. Instead of stats and play-by-plays, the two teams instead used their accounts to tweet out facts on gun violence. In...

Shareholders Sue Musk Over Twitter's Falling Stock Price

Shares are running 27% below Tesla CEO's offer price

(Newser) - Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in "unlawful conduct" aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday in the US District Court for the Northern District of California claims the billionaire Tesla CEO has...

Elon Musk Gives Twitter Investors Hope

As Jack Dorsey leaves the company's board of directors

(Newser) - Jack Dorsey left Twitter's board of directors Wednesday, in a move that had been planned and announced when Dorsey resigned as CEO in November. Dorsey is the last of the social network's founders to cut formal ties with the company, NBC News reports. His term on the board...

Elon Musk: I Can't Close the Twitter Deal Like This

Acquisition is stalled, he says, until there's more information on spam and fake accounts

(Newser) - Elon Musk shook things up Tuesday, beginning the day with a tweeted warning that his acquisition of Twitter is in doubt. "This deal cannot move forward," Musk wrote, until he receives more data about the amount of spam and the number of fake accounts on the platform, the...

Now in Elon Musk's Twitter Drama: Poop Emoji

So this is where we're at now

(Newser) - Monday's discourse in the ongoing Elon Musk vs. Twitter saga was not exactly, shall we say, refined. In a tweet reply to the social media company's CEO, Musk simply posted a poop emoji. The thread Musk was responding to involved Parag Agrawal talking about spam accounts, and insisting...

2 Tweets From Bezos on Biden, With One Theme: 'Misdirection'

Amazon founder goes after president on Twitter about inflation

(Newser) - President Biden is well aware of the nation's current woes around inflation , and he recently pledged to make it his top domestic priority. But his thoughts on how to do so have rankled one of the world's richest men, and that man took to Twitter to tell the...

Now What, Elon?
Musk Might Have Ulterior
Motives in Surprise Move
the rundown
May 13, 2022 2:26 PM CDT

Musk Might Have Ulterior Motives in Surprise Move

It could be a bargaining ploy, or he could be trying to avoid a big penalty for ditching the deal

(Newser) - Elon Musk surprised the tech world Friday morning by putting his deal to buy Twitter on hold. His stated reason is that he needs to investigate just how many spam accounts are on the platform, but one theme in coverage is that industry analysts sound pretty skeptical about that:
  • Not
...

Elon Musk Says Twitter Deal Is 'Temporarily on Hold'

He wants to know more about estimate of number of fake or spam accounts

(Newser) - Twitter's share price sank as much as 25% in pre-market trading Friday after Elon Musk declared in an early morning tweet that his bid to buy the company was "temporarily on hold." He included a link to a May 2 Reuters report on a Twitter filing estimating...

Elon Musk Answers the Big Trump Question

He says he would lift ban on former president if he ends up owning Twitter

(Newser) - Elon Musk has answered one of the biggest questions raised in the wake of his bid to buy Twitter : The entrepreneur said Tuesday he would lift the ban on Donald Trump, reports CNBC . “Permanent bans should be extremely rare and really reserved for accounts that are bots, or scam,...

Musk Pulls In $7B for Twitter From Silicon Valley Bigwigs

$1B of investor backing is coming from Oracle co-founder Larry Ellison, per SEC filing

(Newser) - Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter, with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison. Other investors include Sequoia Capital Fund, which pledged $800 million, and Vy Capital, which...

Mike Lindell's Return to Twitter Lasted 4 Hours

Platform rejects his attempt to rejoin after previous ban

(Newser) - MyPillow founder and "Big Lie" proponent Mike Lindell attempted to rejoin Twitter on Sunday, but his new account survived less than four hours. Twitter tells Fox Business it took down the account over its rules on "ban evasion." As in, Lindell was permanently banned in 2021 , and...

Report: Musk Told Banks He Would Cut Jobs, Pay at Twitter

Sources say he also discussed plans to boost revenue

(Newser) - Elon Musk has said he wants to buy Twitter to preserve free speech—but in talks with banks to secure funding for the deal, he made it clear that he plans to make it a profitable crusade. Sources tell Bloomberg that Musk told bankers he would focus on the company'...

Musk Loses Bid to End Restrictions on His Tweets

Judge says Tesla CEO can't back out of 2018 agreement with regulators

(Newser) - Elon Musk has vowed to make Twitter "an inclusive arena for free speech" if his deal to buy the company goes through—but his own tweets will remain restricted. A federal judge in New York has rejected Musk's bid to end an agreement with the Securities and Exchange...

Despite Agreement, Musk Answers Tweets About Staff

Billionaire seems to approve of comments about his future employees

(Newser) - On Tuesday, Elon Musk agreed to all 95 pages of an agreement spelling out the terms of his purchase of Twitte r. By Wednesday, he appeared to be no longer in compliance. A couple of tweets from commentators critical of his future employees drew agreeing responses from the billionaire, the...

Tesla Shares Sank Tuesday, and the Questions Began

The big one: If share value keeps dropping, how does that impact the Twitter deal?

(Newser) - Tuesday wasn't a good day for the markets in general, but it was particularly unkind to Tesla, whose shares closed down 12.2%. That erased more than $125 billion from the electric vehicle maker's market value, and it has some analysts wondering whether that could turn into an...

Trending on Twitter: #LeavingTwitter
Trending on Twitter:
#LeavingTwitter 
THE RUNDOWN
Apr 26, 2022 4:20 PM CDT

Trending on Twitter: #LeavingTwitter

Some people don't plan to stick around for Elon Musk's changes

(Newser) - While conservatives and site co-founder Jack Dorsey, among others, are celebrating Elon Musk's deal to buy Twitter , a lot of users are talking about moving on to less Musky pastures. The hashtag #leavingtwitter was trending on the site Tuesday as users debated what changes Musk might make to Twitter...

What Now, Elon? Nobody Is Quite Sure
Bezos Takes a
Jab at Musk's
Twitter Buy
the rundown
Apr 26, 2022 6:38 AM CDT

Bezos Takes a Jab at Musk's Twitter Buy

Meanwhile, Twitter employees are worried, but conservatives are rejoicing

(Newser) - Twitter employees had what CNN calls an "all-hands" meeting Monday in which they raised some fundamental questions about Elon Musk's purchase of the site . Are our jobs safe? How will the site change? Will Donald Trump be allowed back? To all those and more, current CEO Parag Agrawal...

Trump Says He Won&#39;t Go Back to Twitter
Trump: No More
Twitter for Me
Apr 25, 2022 7:55 PM CDT

Trump: No More Twitter for Me

Some aides doubt whether he could stay away if Musk dropped the ban

(Newser) - Elon Musk hasn't said whether he'll let former President Donald Trump back on Twitter once he takes control of the platform. But Trump beat him to the punch on Monday, the Hill reports, by saying he'll stick to his own social media site, Truth Social, regardless. "...

Twitter Confirms $44B Elon Musk Buyout

Billionaire says he plans to make Twitter 'better than ever'

(Newser) - After a day of speculation and fast-moving developments , Twitter has accepted Elon Musk's offer. The company has entered a "definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion,"...

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