Tag Archives: social media

The Hill reports: Elon Musk on Tuesday evening appeared to tease creating his own social media platform if he does not ultimately buy Twitter. “Have you thought about creating your own social platform?” Tesla Owners Silicon Valley asked the billionaire on Twitter. “If Twitter deal doesn’t come through.” “X.com,” Musk responded. In 1999, Musk co-founded an online financial services company …

Forbes reports: A Nebraska teenager is facing criminal charges alleging she aborted a fetus in violation of state law, after authorities obtained her Facebook messages using a search warrant. Seventeen-year-old Celeste Burgess, who is being tried as an adult along with her mother Jessica Burgess, is awaiting trial in Madison County District Court on charges that they broke a Nebraska …

The Associated Press reports: A vulnerability in Twitter’s software that exposed an undetermined number of owners of anonymous accounts to potential identity compromise last year was apparently exploited by a malicious actor, the social media company said Friday. It did not confirm a report that data on 5.4 million users was offered for sale online as a result but said …

Reuters reports: Elon Musk on Saturday challenged Twitter Inc (TWTR.N) Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. “Let him prove to the public that Twitter has <5% fake or spam daily users!,” Musk said in a tweet. He also started a poll asking users whether less than 5% …

Reuters reports: Twitter Inc on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims in a countersuit filed under seal last Friday, which was made public on Thursday. “According to Musk, he …

The Insider reports: Twitter has issued a slew of subpoenas to some of Silicon Valley’s biggest names amid its legal battle with Elon Musk. Twitter sent legal requests to billionaire investors Chamath Palihapitiya and Marc Andreessen on Monday. Twitter also subpoenaed one of the entrepreneurs that helped Musk found PayPal, David Sacks, SpaceX and Tesla board member Stephen Jurvetson, as …

Ars Technica reports: Twitter is moving ahead with a shareholder vote on the merger with Elon Musk a few weeks before its lawsuit against Musk goes to trial. Twitter yesterday sent a letter to shareholders inviting them to a September 13 special meeting where they will be asked to approve the merger agreement that Musk is now trying to get …

Axios reports: Facebook wants to shape your online life around the algorithmically-sorted preferences of millions of strangers around the globe. That’s how TikTok sorts the videos it shows users, and that’s largely how Facebook will now organize its home screen. The dominant player in social media is transforming itself into a kind of digital mass media, in which the reactions …

Reuters reports: Twitter Inc’s lawsuit to hold Elon Musk to his $44 billion takeover will go to trial in October after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal’s uncertainty. The ruling is a blow to Musk who pushed for a trial in February which his lawyer told the court would …

Bloomberg News reports: Elon Musk’s lawyers say Twitter Inc. officials are unfairly pushing for a “warp speed” trial over claims the billionaire improperly canceled his proposed $44 billion buyout of the social media company, and asked that the case be heard next year instead. Musk is requesting a Feb. 13, 2023, trial at the earliest, “an extremely rapid schedule for …

The Insider reports: In a lawsuit filed Tuesday, Twitter cited posts made by billionaire Elon Musk — including one of a single poop emoji — as evidence he had disparaged the company in violation of contracts he was beholden to when he agreed to buy it for $44 billion. When Musk sent the poop emoji on May 16, the single-character …

The Insider reports: Twitter says it handed over massive amounts of user data to Elon Musk over the last several months, even as it grew concerned that he could use it to his own ends. In a lawsuit filed Tuesday against Musk over his attempt to walk away from his $44 billion deal to buy the platform, Twitter said the …

NPR reports: Twitter has sued Elon Musk to compel him to buy the social media company for $44 billion – a deal the world’s richest person said last week he was calling off. The lawsuit, filed in Delaware’s Court of Chancery on Tuesday, accuses Musk of hypocrisy and bad faith in his dealings with Twitter. It sets Twitter and Musk …

CNN Business reports: Elon Musk mocked Twitter’s efforts to force him to purchase the company — in a tweet, of course. Early Monday, Musk tweeted four images of him laughing next to captions that read: “They said I couldn’t buy Twitter. Then they wouldn’t disclose bot information. Now they want to force me to buy Twitter in court. Now they …

Bloomberg News reports: Twitter Inc. has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz as it races to sue Elon Musk for moving to dump his $44 billion takeover of the company, according to people familiar with the matter. The social media company aims to file suit early this week, according to the people, who declined to be identified …

The Guardian reports: Elon Musk reportedly talked about the colonization of Mars and boosting Earth’s birthrates during his keynote address at Allen & Co’s Sun Valley conference on Saturday, but he avoided discussing his attempt to withdraw from his $44bn bid to buy Twitter. The billionaire accused the social media firm of failing to provide information on bot accounts, among …

The Verge reports: Twitter still hopes to close the deal, despite Musk’s attempted termination. Twitter board chairman Bret Taylor wrote that the company will “pursue legal action to enforce the merger agreement” and feels “confident we will prevail” in court. It’s incumbent that Musk prove that Twitter has breached their agreement, as he can’t just pull out the signed agreement …

Reuters reports: Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc (TWTR.N), citing material breach of multiple provisions of the agreement. Shares of Twitter fell 6% in extended trading. The announcement brings to an end a will-he-won’t-he saga after the world’s richest person clinched a deal for Twitter in April but …

The Washington Post reports: Elon Musk’s deal to buy Twitter is in serious jeopardy, three people familiar with the matter say, as Musk’s camp concluded that Twitter’s figures on spam accounts are not verifiable. Musk’s team has stopped engaging in certain discussions around funding for the $44 billion deal, including with a party named as a likely backer, one of …

Bloomberg News reports: A federal grand jury is seeking information from Trump Media & Technology Group about its planned merger with Digital World Acquisition Corp., according to a filing from the blank-check firm. Digital World said that it found out Thursday that the panel in the Southern District of New York had demanded TMTG turn over documents related to the …