Posts

UK lawmakers have invitedincoming owner of TwitterElon Musk to testify in front of a parliamentary committee about his plans for the social media company. Member of Parliament and Chair of Parliament’s Digital, Culture, Media and Sport Committee Julian Knight issued the invite inan open letteron Wednesday. The committee, which scrutinizes policy making around social media, among other topics, wants to discuss Musk’s proposed acquisition of Twitter and the changes he plans to make....

“Welcome Elon!” Musk will serve a two-year term on the board, according to aregulatory filingwith the Securities and Exchange Commission. During that time, he cannot own more than 14.9% of the company’s stock. Agrawaltweetedthat it became clear Musk would bring “great value” to the board during conversations in recent weeks. Musktook a 9.2% stakein the social media site in March, making him the social online grid’sbiggest shareholder. Musk is one of Twitter’s most prolific users but has also been critical of the platform....

The offer, however, represents an 18% premium to Wednesday’s closing price. He also linked to the Securities and Exchange Commission filing. Ina press release, Twitter confirmed receiving the offer, which it said it would study. “This is not a way to sort of make money,” Musk said. Selling part of his Tesla stake would put pressure on the company’s stock price. (SpaceX isn’t publicly traded.) Tesla shares were down, dropping more than 3% to $989....

Musk gave no exact date for the release. Musk has a long history of both supporting the technology andwarning of its destructive possibilities. In the meantime, Musk has been investing heavily in a competing AI called Grok. The technology, which he said ispart of a new effort announced last year called xAI. Why the name Grok? Grok is an unusual technology, and not just because it has an unusual name....

Musk has been leading the social data pipe since hebought it for $44 billion last year. “I am excited to welcome Linda Yaccarino as the new CEO of Twitter!” Musk said in a tweet. “@LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app.” I am excited to welcome Linda Yaccarino as the new CEO of Twitter!...

Twitter says it plans to pursue legal action to enforce the agreement. The letter also said that Twitter “appears to have made false and misleading representations.” “We are confident we will prevail in the Delaware Court of Chancery.” Ringler didn’t immediately respond to a request for comment. The board tepidly accepted Musk’s offer after he cobbled together highly leveraged financing for the deal. Under the US Constitution’s First Amendment, free speech refers to protection from government interference....

Twitter hadroughly 230 million daily users, according to its most recent earnings report. He also suggested a laissez-faire approach to content moderation. “We should allow people to say what they want,” he reportedly told Twitter employees. Musk plans to take Twitter private. Neither Twitter nor Musk’s lawyer responded to requests for comment. Musk has said he wants to purchase Twitter to safeguard free speech, a term he uses vaguely. The First Amendment to the US Constitution protects speech only from government censorship....

In the thread, Rogozin points out that Russian engines help steer the ISS in space. There is also the option of dropping a 500-ton structure to India and China. Do you want to threaten them with such a prospect? The ISS does not fly over Russia, so all the risks are yours." , , " “. With some rearranging, SpaceX Dragon capsules could serve the same purpose, according to Musk and others....

“All these other titles are just basically made up. CEO is a made-up title, CFO is a made-up title, general counsel is a made-up title. They don’t mean anything,” Musk said, pointing out that hechanged his title to Tesla technoking. “The management and engineering is as close to the factory as possible. “This is crazy. Our spending is so far in excess of revenue. Like you could zero out all billionaires in the country … you still wouldn’t solve the deficit....

Aaron Rupar, a Substack writer who was also suspended Thursday, said he’s dumbfounded by his suspension. “I have no idea what rules I purportedly broke,“Rupar wrote on Substack. “I haven’t heard anything from Twitter at all.” But it’s hard to imagine how either of those things violated Twitter’s policies.” This includes posting links to sites with real-time location info.” Twitter subsequentlyshut down the Spaces feature, but it was up and running again Friday morning....

Elon Musk now owns a sizable chunk of Twitter. The stock purchase makes Musk the social connection’sbiggest shareholder, Bloomberg reported Monday. The shares areworth $2.89 billion, based on Twitter’s closing price Friday, according to CNBC. Twitter’s stock soared more than 27% on Monday, closing at $49.97. More than 70% said no. The post came nearly two weeks after the date on the SEC filing for his stake in Twitter. Twitter has been undergoing major leadership changes....

Musk shared a video of himself Wednesday visiting Twitter’s headquarters in San Francisco. He also changed his Twitter bio to “Chief Twit” and location to Twitter HQ. Dear Twitter Advertiserspic.twitter.com/GMwHmInPAS He added, “I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to have a go at help humanity, whom I love.” Musk said the Twitter “obviously cannot become a free-for-all hellscape,” he said....

The revelations raise more doubts about whether Musk and Twitter will shut the deal. BillionaireElon Muskmight not follow through on a $44 billion deal to buyTwitter. The news is the latest in an ongoing saga between Musk and Twitter. Adrian Zamora, a spokesperson for Twitter, pointed to a statement the company shared in June. “We believe this agreement is in the best interest of all shareholders.” The company also reportedly provided Musk with a trove of data....