Elon Musk has secured $46.5 billion in funding to buy Twitter Inc’s bid. It is considering a takeover bid for its shares, a filing with US regulators showed on Thursday. Musk himself has pledged to put up $33.5 billion, which includes $21 billion of equity and $12.5 billion of margin...
The big news Concerned Netflix, whose disappointing first-quarter earnings report revealed the streaming giant had lost more than 200,000 subscribers. It is the first time it has reported a subscriber loss in the past ten years. Netflix had previously estimated it would earn 2.5 million subscribers in the first quarter....
The media reports that Tesla owner Elon Musk will invest high up to 15 billion dollars from $10 billion from his own money to buy Twitter private. He also plans to launch a public offering in about ten days, citing two familiar sources. According to the report, the millionaire turned...
Elon Musk said that the salary of the board of directors of Twitter would be 0 dollars if his offer is successful, so that will be a savings of about 3 million dollars a year. He offered to buy Twitter last week 100% of the social network. Elon Musk’s message...
In a letter to the directors, the tycoon Elon Musk offers to obtain all the shares of Twitter. The proposal includes a price of $54.20 per share in cash, which comes to $43.4 billion. It is a new chapter in the history of Musk and Twitter after they announced last...
The past track record of Twitter is as rich in ‘plot twists’ as a ‘soap opera.’ However, the short-lived episode of Elon Musk joining the council and his subsequent decision not to join exposes the poor governance of Twitter. Musk resigned, merely a few days after agreeing. Musk announced that...
The massive investment of Elon Musk in Twitter took a new turn with a lawsuit alleging. Musk accused of breaking the law in the buying Twitter shares by illegally delayed disclosing his stake. Therefore, he could buy more shares at lower prices. The New York federal court suit accuses Musk...
Elon Musk decided he will not join the Twitter board of directors, despite announcing that he would join the team just one day after acquiring 9.2% of the company. Parag Agrawal, CEO of the company, has confirmed the news through a letter to his employees that he has subsequently shared...
Elon Musk has drawn a lot of concentration by buying a 9.2% stake in Twitter to get a seat on the board of the company. It is also worth an additional $1 billion. In a new filing Tuesday night, Musk revealed how much he paid for the 73 million shares...
The founder and CEO of Tesla, Elon Musk, buys 9.2% stake in the technology company Twitter indirectly. The owner of the social network of the same name, as reported by the company in a statement sent to the Commission United States Securities and Exchange (SEC). Specifically, Twitter has indicated that...