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Elon Musk says he would reinstate Trump ban
... according to a source familiar with the matter. The question of reinstating Trump has been seen as a test of how far Musk will go in making changes. Musk spoke to the Financial Times Future of the Car conference and said that he and Twitter co- founder Jack Dorsey believe that permanent bans should be extremely rare and reserved for accounts that operate bots or spread spam. Musk said the decision to ban Trump amplified Trump's views among people on the political right, and he called the ban morally wrong ...
Updated: 05/10/2022
Elon Musk, Twitter sued by Florida pension fund
... In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbidse a quick merger because Musk had agreements with other big Twitter shareholders, including Morgan Stanley and Twitter founder Jack Dorsey, to support the buyout. The fund said that the agreement made Musk, who has 9.6% of Twitter , the effective owner of more than 15% of the company's shares. It said that required delaying the merger by three years unless two-thirds of shares not ...
Updated: 05/07/2022
Elon Musk, Twitter sued by Florida pension fund
... lawsuit filed in Delaware Chancery Court, the Orlando police pension fund said Delaware law forbidse a quick merger because Musk had agreements with other big Twitter shareholders, including his financial adviser Morgan Stanley and Twitter founder Jack Dorsey , to support the buyout. The agreement made Musk , who holds 9.2% of Twitter, the effective owner of more than 15% of the company's shares. It said that required delaying the merger by three years unless two-thirds of shares not owned by him were ...
Updated: 05/06/2022
Elon Musk’s $44 billion Twitter buyout landed investors
... Horowitz, co-founder of the company, shared news of the investment and the reasons why in a thread on Twitter. We are joining Elon Musk 's bid for Twitter and investing $400 MM into the company. Horowitz cited Twitter co-founders Evan Williams and Jack Dorsey because they believe in Ev and Jack's vision to connect the world and in Elon 's brilliance to make it what it was meant to be. As a public square, Twitter suffers from a myriad of issues ranging from bots to abuse the censorship. Why it is important ...
Updated: 05/06/2022
Jack Dorsey-backed payments firm Block tops Street expectations
Block Inc, the tech firm led by Jack Dorsey, said on Thursday it had not seen a decline in consumer spending through April, after reporting a first-quarter operating profit that topped Wall Street targets. Block Inc , the tech firm led by Jack Dorsey , said on Thursday it had not seen ...
Updated: 05/06/2022
Elon Musk expected to be Twitter CEO after closing deal
... large investment firms and high-net worth individuals about taking on more funding for his Twitter acquisition and tying up less of his wealth in the deal. Musk will hold talks with existing shareholders of Twitter, including the company's former chief Jack Dorsey, to contribute shares to the proposed acquisition, according to a regulatory filing. Larry Ellison, a board member at Tesla and a close friend of Musk , has committed $1 billion for the funding. Musk is a self-proclaimed free speech absolutist ...
Updated: 05/06/2022
Elon Musk expected to be Twitter CEO after closing deal
... investment firms and high net worth individuals about taking on more financing for his Twitter acquisition and tying up less of his wealth in the deal. Musk will hold talks with existing shareholders of Twitter, including the company's former chief Jack Dorsey, to contribute shares to the proposed acquisition, according to the filing. Larry Ellison, a board member at Tesla and a close friend of Musk , has committed $1 billion for the funding. Musk , a self-proclaimed free speech absolutist who has ...
Updated: 05/05/2022
Elon Musk expected to be Twitter's next CEO
... financing for the deal from $12.5 billion to $6.25 billion, while his equity financing has gone from $21 billion to $27.25 billion. After the closing of the merger, he is in discussions with existing shareholders of the common stock, including co-founder Jack Dorsey, about the possibility of contributing shares of Common stock, in order to keep an equity investment in Twitter after completion of the merger. The deal, which would take Twitter private at $54.20 per share, is expected to close in 2022 and is ...
Updated: 05/05/2022
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