Tag: musk twitter deal price

Elon Musk Adds Fuel to The Twitter Jobs Fire, Sparks Staff Fury
18Nov By adminNo Comments
Technology

Elon Musk Adds Fuel to The Twitter Jobs Fire, Sparks Staff Fury

[ad_1] Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company’s new “hardcore” work environment or leave. There is a virtual exodus on at Twitter after Elon Musk gave employees an ultimatum to either commit to the company's new “hardcore” work environment or leave their jobs sparking further fury. Many more workers declined to sign on than he expected and these layoffs have potentially put Twitter's operations at risk, according to people familiar with the matter. So many employees decided to take severance that it created a cloud of confusion over which people should still have access to company property. Twitter closed its offices until Monday, according to a memo viewed by Bloomberg. “Please continue to comply with company policy by refraining from disc...
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Elon Musk Says Twitter Is Taking Up Almost All His Time
17Nov By adminNo Comments
Technology

Elon Musk Says Twitter Is Taking Up Almost All His Time

[ad_1] Elon Musk told a judge he is spending almost all his time now reorganizing Twitter Inc. rather than on the other companies he oversees. Elon Musk, whose $55 billion Tesla Inc. pay deal is being challenged in court as too excessive for a part-time chief executive officer, told a judge he is spending almost all his time now reorganizing Twitter Inc. rather than on the other companies he oversees.Since acquiring Twitter for $44 billion in October, Musk testified Wednesday in Delaware that the lion's share of his time “for the past few weeks” has been at the social-media platform, though he said the “fundamental organizational restructuring” will be completed by the end of next week. Delaware Chancery Judge Kathaleen St. J. McCormick is hearing evidence in a trial to determine whet...
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Elon Musk “rehires Twitter employees who never worked there
16Nov By adminNo Comments
Technology

Elon Musk “rehires Twitter employees who never worked there

[ad_1] Elon Musk shared a picture of him posing with two people who seemed like his employees. "Welcoming back Ligma & Johnson!" he wrote along with the picture. Even though Twitter has recently seen mass layoffs and rollback of implemented decisions, one thing is for sure, the microblogging platform's new CEO Elon Musk is a man of wits for sure.On Wednesday, the billionaire took to Twitter and shared a picture of him posing with two people who seemed like his employees. "Welcoming back Ligma & Johnson!" he wrote along with the picture. In the next tweet, he added that it is "Important to admit when I'm wrong & firing them was truly one of my biggest mistakes." At first glance, it would seem as if Musk has welcomed back two of his employees whom he had sacked during the ma...
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Twitter Blue tick to make reappearance on November 29
16Nov By adminNo Comments
Technology

Twitter Blue tick to make reappearance on November 29

[ad_1] After it was hastily taken off, the 'Twitter Blue' service is planned to be reinstated on the microblogging site as revealed by Elon Musk. Twitter CEO Elon Musk took to the microblogging site to announce the return of the coveted "Twitter Blue" tick after it was made unavailable following an increase in fake verified accounts."Punting relaunch of Blue Verified to November 29th to make sure that it is rock solid", Musk tweeted. The tweet received a number of questions from users, with the Tesla CEO answering some of them, adding to the information about changes that will take place on the platform. One user asked, "So are legacy checkmarks for non corporate/government officials going away?"To this Musk said, "All unpaid legacy Blue checkmarks will be removed in a few months."Ano...
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Elon Musk’s Twitter takeover: India expects platform to comply with local rules
28Oct By adminNo Comments
Technology

Elon Musk’s Twitter takeover: India expects platform to comply with local rules

[ad_1] India's expectation of Twitter complying with the country's rules for social media platforms will not change with its takeover by Elon Musk. India's expectation of Twitter complying with the country's rules for social media platforms will not change with its takeover by Elon Musk, according to a senior minister. The world's richest man and CEO of electric car maker Tesla Inc has become Twitter Inc's new owner and the self-described free speech absolutist fired top executives, including chief executive Parag Agrawal, CFO Ned Segal and legal affairs and policy chief Vijaya Gadde. "How does it matter to government who owns what. Our laws and rules are applicable to platforms regardless of who owns it or who doesn't own it," Minister of State for Electronics and Information Te...
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When Elon Musk tweet sparked horror online abuse against Vijaya Gadde at Twitter
28Oct By adminNo Comments
Technology

When Elon Musk tweet sparked horror online abuse against Vijaya Gadde at Twitter

[ad_1] https://tech.hindustantimes.com/tech/news/when-elon-musk-tweet-sparked-horror-online-abuse-against-vijaya-gadde-at-twitter-71666937424732.html https://tech.hindustantimes.com/tech/news/samsung-galaxy-s21-fe-5g-gets-whopping-rs-39000-discount-on-flipkart-71666341262203.html https://tech.hindustantimes.com/tech/news/scary-280-foot-asteroid-2022-sg6-heading-for-earth-today-clocked-at-11-kilometers-per-second-71665655201661.html https://tech.hindustantimes.com/tech/news/joy-nasa-s-asteroid-mission-achieved-mission-impossible-created-history-71665594765451.html [ad_2] Source link
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Twitter Layoffs Coming? Here Is Truth
21Oct By adminNo Comments
Technology

Twitter Layoffs Coming? Here Is Truth

[ad_1] Twitter told staff that there haven’t been plans for companywide layoffs since it signed a deal to be acquired by Elon Musk. Twitter Inc., confronting reports that Elon Musk aims to gut its workforce as part of his takeover, told staff that there haven't been plans for companywide layoffs since it signed a deal to be acquired by the billionaire. In a memo seen by Bloomberg News, Twitter General Counsel Sean Edgett warned workers to expect “tons of public rumors and speculation” as the closing of the deal nears. “We do not have any confirmation of the buyer's plans following close and recommend not following rumors or leaked documents but rather wait for facts from us and the buyer directly,” he said. The Washington Post reported that Musk's plan for Twitter involve slashin...
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Elon Musk’s Twitter Mess Would Never Happen in the UK
17Oct By adminNo Comments
Technology

Elon Musk’s Twitter Mess Would Never Happen in the UK

[ad_1] UK's takeover regime isn’t kind to private buyers. But its protections help prevent sagas like Elon Musk bid for Twitter. The UK takeover regime isn't kind to private equity buyers. It got even tougher after Kraft Foods Inc.'s bitter acquisition of rival confectioner Cadbury in 2010. But are its rules too restrictive? If the leveraged finance market bounces back, UK stocks should be a prime hunting ground for the private equity industry. Yet local M&A rules are often seen as a brake. Blair Jacobson, co-head of European credit at Ares Management, told a Financial Times summit last week that “everything in the UK is on sale” and weak sterling was an advantage for US dollar-denominated funds. At the same time, he cautioned that negotiating the takeover regulator's require...
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Elon Musk Sued by Twitter Investor Over ‘Fraudulent’ Buyout Flip-Flop
11Oct By adminNo Comments
Technology

Elon Musk Sued by Twitter Investor Over ‘Fraudulent’ Buyout Flip-Flop

[ad_1] Elon Musk was sued by a Twitter investor who says the world’s richest person’s on-again off-again purchase of the platform were designed to manipulate its stock price. Elon Musk was sued by a Twitter Inc. investor who says the world's richest person's on-again off-again purchase of the social-media platform and his public attacks on the company were designed to manipulate its stock price. Giuseppe Pampena says that when Musk agreed last week to go ahead with his purchase of Twitter, at the originally agreed upon price, he “essentially acknowledged that he had been bluffing all along” about backing out of the deal. The flip-flops and Musk's accusations about Twitter sunk its stock price, hurting investors while all the while improving Musk's bargaining position, according t...
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