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Tesla Shares Sank Tuesday, and the Questions Began

The big one: If share value keeps dropping, how does that impact the Twitter deal?

(Newser) - Tuesday wasn't a good day for the markets in general, but it was particularly unkind to Tesla, whose shares closed down 12.2%. That erased more than $125 billion from the electric vehicle maker's market value, and it has some analysts wondering whether that could turn into an...

Trending on Twitter: #LeavingTwitter
Trending on Twitter:
#LeavingTwitter 
THE RUNDOWN
Apr 26, 2022 4:20 PM CDT

Trending on Twitter: #LeavingTwitter

Some people don't plan to stick around for Elon Musk's changes

(Newser) - While conservatives and site co-founder Jack Dorsey, among others, are celebrating Elon Musk's deal to buy Twitter , a lot of users are talking about moving on to less Musky pastures. The hashtag #leavingtwitter was trending on the site Tuesday as users debated what changes Musk might make to Twitter...

What Now, Elon? Nobody Is Quite Sure
Bezos Takes a
Jab at Musk's
Twitter Buy
the rundown
Apr 26, 2022 6:38 AM CDT

Bezos Takes a Jab at Musk's Twitter Buy

Meanwhile, Twitter employees are worried, but conservatives are rejoicing

(Newser) - Twitter employees had what CNN calls an "all-hands" meeting Monday in which they raised some fundamental questions about Elon Musk's purchase of the site . Are our jobs safe? How will the site change? Will Donald Trump be allowed back? To all those and more, current CEO Parag Agrawal...

Trump Says He Won&#39;t Go Back to Twitter
Trump: No More
Twitter for Me
Apr 25, 2022 7:55 PM CDT

Trump: No More Twitter for Me

Some aides doubt whether he could stay away if Musk dropped the ban

(Newser) - Elon Musk hasn't said whether he'll let former President Donald Trump back on Twitter once he takes control of the platform. But Trump beat him to the punch on Monday, the Hill reports, by saying he'll stick to his own social media site, Truth Social, regardless. "...

Twitter Confirms $44B Elon Musk Buyout

Billionaire says he plans to make Twitter 'better than ever'

(Newser) - After a day of speculation and fast-moving developments , Twitter has accepted Elon Musk's offer. The company has entered a "definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion,"...

Twitter's Stock Jumps as Deal With Elon Musk Draws Near

Multiple outlets say it could be announced on Monday

(Newser) - The story line around Elon Musk and Twitter continues to change quickly. News emerged overnight Sunday that talks between Musk and the social media company had gotten serious, after his initial proposal appeared to be rebuffed . Now the consensus in business coverage is that a deal is so close it...

There's Been a Big Shift in the Elon Musk- Twitter Talks

Now the social media company is said to be seriously considering his bid

(Newser) - Sources say Twitter's board is seriously considering Elon Musk's bid to purchase the social media company. Sources spoke to both the New York Times and the Wall Street Journal , and said the "turning point" came when Musk revealed he had $46.5 billion in financing to cover...

Twitter Changes Ad Policy Over Climate Change

It will no longer accept ads from groups that deny scientific consensus

(Newser) - Twitter says it will no longer allow advertisers on its site who deny the scientific consensus on climate change, echoing a policy already in place at Google, per the AP . "Ads shouldn’t detract from important conversations about the climate crisis,” the company said in a statement outlining...

Twitter Jumps 7.5% After 'Poison Pill' Plan Adopted

Major indexes dipped despite strong results from banks

(Newser) - Stocks closed slightly lower after a wobbly day of trading Monday as worries about rising interest rates and high inflation keep a lid on Wall Street despite some better-than-expected profit reports from banks. The S&P 500 fell 0.90 points, or 0.02%, to 4,391.69. The Dow...

One Person Owning Twitter Worries Experts

On unregulated social media, Elon Musk's power would have few checks

(Newser) - The power of social media companies already concerns many, especially experts and some people in the industry. The platforms can influence what users believe and push them to do things they otherwise wouldn't, such as taking part in violent protests, said Shoshana Zuboff, a retired Harvard professor who wrote...

In Response to Musk, Twitter Adopts 'Poison Pill'

Board adopts maneuver used to ward off hostile takeovers

(Newser) - It has the dry name of "a limited duration shareholder rights plan," per CNBC . But the layman's term for what Twitter's board just adopted is a "poison pill"—and the point is to at least temporarily fend off Elon Musk . The upshot of the...

Musk Clashes With Prince Over Twitter Takeover

He fires back after Saudi shareholder Prince Alwaleed bin Talal rejects takeover bid

(Newser) - In the latest twist in Elon Musk's quest to buy Twitter, the Tesla CEO is clashing with a billionaire Saudi prince. Musk fired back Thursday after Prince Alwaleed bin Talal, a major Twitter shareholder, said he rejects Musk's takeover bid, al-Jazeera reports. "I don't believe that...

Elon Musk: I&#39;m &#39;Not Sure&#39; I Can Actually Buy Twitter
One Option
for Twitter
on Musk:
'Poison Pill'
the rundown
Apr 14, 2022 1:24 PM CDT

One Option for Twitter on Musk: 'Poison Pill'

HIs surprise takeover offer generates a buzz, though Musk himself cast some doubt on it

(Newser) - On Thursday morning, Elon Musk offered to buy Twitter for $43 billion. Hours later, he said he's "not sure" he'd be able to pull off the deal, reports CNBC . Speaking at the Ted2022 Conference in Vancouver, the richest man in the world (with an estimated worth of...

Guy Tries to Sell Dorsey NFT for $50M, Gets High Bid of $280

Auction didn't go well for crypto businessman Sina Estavi, who bought Dorsey's first tweet for $2.9M

(Newser) - Update: Some people flip houses; others, NFTs. But for Sina Estavi, his attempt to pull off the latter didn't bring in the return on investment he'd hoped for. Last year, the CEO of blockchain firm Bridge Oracle scooped up the non-fungible token of Twitter co-founder Jack Dorsey's...

Now Elon Musk Is Trying to Buy Twitter

Billionaire makes 'best and final offer,' with a bid to scoop up social media platform for $54.20 a share

(Newser) - Over the weekend, Elon Musk tweeted : "Is Twitter dying?" If it is, the SpaceX and Tesla CEO thinks he's the one who can save it, and he's opened up his wallet to make his "best and final offer." In a Thursday filing with the Securities...

Elon Musk's Twitter Saga Will Apparently Not End

Now he's being sued

(Newser) - Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing his stake in the social media company so he could buy more shares at lower prices, the AP reports. The complaint in New York federal...

Tech, Energy Stocks Tumble
Tech, Energy Stocks Tumble
MARKETS
Apr 11, 2022 4:03 PM CDT

Tech, Energy Stocks Tumble

Twitter up 1.7% after Musk says he won't join board

(Newser) - Stocks fell on Wall Street Monday, extending a losing streak from last week. Technology stocks sank and were the biggest weights on the market. Energy companies also slipped along with falling crude oil prices. Twitter rose 1.7% after Tesla CEO Elon Musk said he wouldn’t be joining the...

Elon Musk's Twitter Journey Takes Another Turn

He won't join the board after all, and shares were dropping on the news

(Newser) - Last week around this time, Twitter stock was soaring on news that Elon Musk was joining the board . This week, the exact opposite. In a surprise, the company said Sunday that Musk will not become a board member after all, reports CNBC . The company's shares fell about 8% overnight,...

Elon Musk Spitballs Ideas for Twitter
Elon Musk Spitballs
Ideas for Twitter
Apr 11, 2022 12:10 AM CDT

Elon Musk Spitballs Ideas for Twitter

And polls his followers about converting Twitter HQ into shelter

(Newser) - As Twitter’s newest board member and largest shareholder, Elon Musk is already floating suggestions for changes he’d like to see on the social media platform. In a series of tweets late Saturday, the Tesla and SpaceX CEO said that the company should include an "authentication checkmark" as...

Will Musk Try to Get Trump Back on Twitter?

It seems unlikely at this point; meanwhile, company plans a Musk Q&A with employees

(Newser) - The big news out of Silicon Valley this week is that Elon Musk grabbed a 9% stake in Twitter and is joining the board . The group that appears to be most nervous about these developments? Current Twitter employees, reports the Washington Post . After a host of concerns were raised internally...

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