Twitter rises on Elon Musk's $41-bn buyout offer'; Morgan Stanley, Citi rise after results; Wells Fargo slips after quarterly profit drops
Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he'd accumulated a 9% stake
Musk's offer price of $54.20 per share represents a 38% premium to Twitter's April 1 close, the last trading day before the Tesla CEO's more than 9% stake in the company was made public
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A Twitter investor has sued Tesla and SpaceX CEO Elon Musk for failing to disclose his stake in the micro-blogging platform as sought by the US laws.
Elon Musk's huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colourful billionaire illegally delayed disclosing his stake in the social media company
Musk's deal to join the board included an agreement to keep his share in the company under 15 percent
Tech billionaire Elon Musk would not be joining Twitter's Board of Directors but he may still engage with the social media company's management on a variety of discussions
Sources told Reuters that Musk had asked Twitter for a board seat even before the company's invitation
Amazon founder Jeff Bezos on Monday agreed with Tesla and SpaceX CEO Elon Musk to convert Twitter's San Francisco headquarters in the US into a homeless shelter.
Elon Musk, CEO of Tesla and now the largest shareholder in the micro-blogging site Twitter, has decided not to join the Twitter board. He owns a 9.2% stake, worth nearly $3 billion, in Twitter Inc
Amazon.com Inc founder Jeff Bezos backed the idea
Twitter Blue, launched in June 2021, is Twitter's first subscription service
In a series of polls on the micro-blogging site, the Tesla CEO asked Twitteratis whether Twitter's San Francisco headquarters should be converted to a homeless shelter since "no one shows up anyway"
On Friday, Twitter said it plans to hold a meeting for employees concerned about Musk's influence on the company's board.
Musk didn't give details of the robotaxi other than to say it will look quite futuristic.
Tesla now sells the advanced driver assistance systems for $12,000, with a promise of more features
Twitter says it is working on a way for users to edit messages, although it says project has nothing to do with the fact that edit-button fan Musk was just revealed as Twitter's largest shareholder
Musk's popularity with retail investors was one of the reasons why Twitter agreed this week to offer him a seat on its board of directors, people familiar with the matter said
Twitter on Wednesday announced that it is working to allow users to edit their tweets after posting them to fix typos and errors, as its CEO Parag Agrawal welcomed Tesla CEO to its board of directors