Twitter co-founder Jack Dorsey took responsibility for mass layoffs at the company under Elon Musk on Saturday. Dorsey apologized in a tweet, saying: “The people of Twitter past and present are strong and resilient. They will always find a way, no matter how difficult the moment. I realize many are angry with me. I own … Read more
Musk’s legal team last month filed a subpoena in court for evidence from Dorsey. Twitter and Musk are preparing for their Oct. 17 trial date at the Delaware Court of Chancery to wrangle over his attempt to terminate the $44 billion acquisition deal.
Former Twitter security chief Peiter Zatko is set to testify before the Senate Judiciary Committee on Tuesday, just three weeks after his explosive whistleblower complaint became public. Business leaders should pay attention to how quickly Congress pulled in Zatko because this appears to be the start of a trend that highlights reputational risk. Zatko alleges … Read more
SAN FRANCISCO — Tesla CEO Elon Musk and Twitter leveled more accusations against each other on Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform. Musk filed more paperwork in his attempt to close the deal, this time based on information in a … Read more
Twitter Inc. has told its employees that they may only get half of their annual performance bonus because the company’s finances are in bad shape, The New York Times said in a report. Currently, Twitter is engaged in a legal battle to get Tesla CEO Elon Musk to go through with his $44 billion purchase … Read more
Billionaire entrepreneur Elon Musk, who is trying to walk away from his deal to acquire Twitter Inc., is seeking documents from ad tech companies as part of his quest to get more information about bot and spam accounts on Twitter, according to filings in a Delaware court on Thursday. Twitter has sued Tesla’s CEO, who … Read more
Elon Musk said that if Twitter Inc. could provide his method of testing 100 accounts and how it verified that the accounts are real, should his $44 billion deal to buy the company continue on its original terms. “But if it turns out their SEC filings are materially false, then don’t,” Musk tweeted early Saturday. … Read more
Twitter says its revenue loss is partly Elon Musk’s fault | Assets You need JavaScript enabled to view this page.
Twitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $ 44 billion acquisition of the social media company, according to people familiar with the matter. Musk, Tesla’s CEO, terminated his deal on Friday, saying Twitter had failed to … Read more
Musk calls Twitter’s bot number ‘very suspicious’ as he angles for lower price | Assets You need JavaScript enabled to view it.