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in Elon MuskDelaware Judge sets a date for Twitter trial against Elon Musk
After a judge in the Delaware Chancery Court determined that a trial would commence on October 17, the continuing legal dispute between Twitter and Elon Musk is about to enter an exciting new chapter that will take place later this year. This month, Twitter used the law to force Elon Musk to carry out his […] More
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in Elon Musk
Will Twitter Change If Elon Acquires It?
For a while now, Twitter has served as the primary forum for political discourse. It is referred to as the “town square” of the globe and serves as a hub for interaction and knowledge sharing. Elon Musk, known for PayPal, SpaceX, and Tesla, has made a purchase bid for the site. The board approved the […] More
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in Elon Musk
Twitter reports ‘Huge Drop’ in revenue, blames Elon Musk
Twitter Inc. cited the economy and other factors after Snap Inc. delivered a sobering warning about the condition of the advertising market and as it too had disappointing earnings for the most recent quarter. With its most recent results, Twitter TWTR, 0.73 percent missed sales targets while swinging to a loss. In early trade, its […] More
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in Elon Musk
Elon Musk loses court battle against Twitter, judge orders October trial
The outcome of Twitter’s lawsuit against billionaire Elon Musk to get him to fulfill his pledge to pay $44 billion for the social media behemoth will be decided in a tiny but mighty Delaware court that specializes in high-stakes commercial conflicts. With the “cloud of uncertainty” over the social media business after the billionaire’s decision […] More
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in Elon Musk
Just in: The first hearing in Twitter’s lawsuit against Elon Musk begins
The world’s wealthiest billionaire and the prominent social media firm are engaged in what seems to be an epic legal war that began Tuesday morning with the first hearing. To stop the billionaire from going on a possibly damaging search for internal documents, Twitter is anticipated to petition the court for a hurried trial. If […] More
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in Elon Musk
Twitter fires back at Elon Musk, accuses him of ‘slow-walking’ on lawsuit; claims he knew all about ‘bots’
Twitter accused Elon Musk of attempting to “slow walk” the company’s lawsuit to support the $44 billion buyout and demanded a September trial to guarantee transaction funding stays in place on Monday, according to a court document, reported news agency Reuters. Elon Musk, the CEO of Tesla, canceled the contentious takeover of the social media […] More
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in Elon Musk
Elon Musk sent a warning text to Twitter CEO before deal pull out; Says this
Elon Musk, the CEO of Tesla, and Twitter are engaged in a heated argument that is changing all the time. According to recent sources, Elon Musk recently, but before walking away from the agreement, texted Twitter CEO Parag Agrawal on June 28 to let him know that the company’s attorneys were attempting to “create problems” […] More
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in Elon Musk
What would happen if Twitter and Elon Musk reach a settlement?
One may anticipate that when Elon Musk’s Twitter saga advances from the boardroom to the courts, things will proceed in a more predictable manner than they have so far under the careful eye of Delaware’s Court of Chancery. The lawsuit that the social media platform filed Tuesday to compel Musk to carry out his acquisition […] More
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in Elon Musk
Elon Musk intends to start Twitter trial in 2023, five months after Twitter’s requested date
On Friday, Elon Musk and his legal team opposed Twitter’s desire to begin the trial in September by submitting a move to the Delaware Chancery Court in opposition to the proposal. Twitter filed a lawsuit against Musk because he intended to scrap the social media company’s takeover for a total of $44 billion. In the […] More
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in Elon Musk
Twitter’s board of directors recommends that Elon Musk’s acquisition be approved
Elon Musk’s proposed purchase of Twitter for $44 billion has received unanimous support from Twitter’s board of directors, which has recommended that the deal be approved by the company’s shareholders. In a proxy statement that was filed with the SEC on Friday, Twitter said that it would be asking shareholders to attend a special meeting […] More
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in Elon Musk
A letter from the Securities and Exchange Commission to Tesla CEO Elon Musk raises issues about a tweet he made earlier this month
According to a new regulatory filing on Thursday, the Securities and Exchange Commission has requested billionaire Elon Musk for further information about a tweet about his recent attempt to cancel his $44 billion purchase of Twitter. The evidence reveals how Musk misrepresented his dedication to the business to the SEC while simultaneously searching Twitter for […] More
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in Elon Musk
In the Twitter Lawsuit Against Elon Musk, Elon Musk’s Tweets are the primary evidence
Elon Musk is being sued by Twitter for attempting to break his $44 billion deal to acquire the firm. In a typical Musk tale, his own bad tweets, including one that included the famed poo emoji and was addressed at Twitter’s CEO, are being used against him. Musk, the richest man in the world, joined […] More
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