elon musk twitter deal

The bout may never happen. Neither the Italian government nor Mr Musk’s mother seems keen. But the new-media moguls are simultaneously limbering up for a more consequential fight. On July 6th Meta, Mr Zuckerberg’s firm, will add a new app to its suite of social-media platforms. Threads, a new text-based network, bears a remarkable resemblance to Twitter, the app that Mr Musk bought last October for $44bn. The rumble in Rome may be all talk. But an almighty social-media smackdown is about to begin.…

India may Pull Plug on FAME II After Next FiscalIndia is likely to discontinue the second phase of the ₹10,000 crore Faster Adoption and Manufacturing of Electric Vehicles in India or FAME II scheme after the next financial year, government officials familiar with deliberations said. Foxconn Reassures K’taka, Telangana on InvestmentsHon Hai Precision Industry, better known as Foxconn, has assured the governments of Karnataka and Telangana that it will work with them to further the expansion of its electronic manufacturing…

Elon Musk’s acquisition of Twitter - the world’s largest microblogging platform - was not your standard corporate acquisition, to say the least. Filled with twists and turns, the story was in the headlines for most of the year. ETtech looks back at how the saga unfolded. The beginning: On April 5, Musk revealed he had become the largest single shareholder in Twitter - a move he started putting into effect three months ago in January - with a 9.2% shareholding (valued at nearly $3 billion at the time). The next day,…

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…

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…

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…

Image Source : AP Taken together, the twin trials represent a critical test for Musk's multitasking skills. Elon Musk is set to face two court cases in the US this week, one defending his $56 billion pay package amid allegations by Tesla shareholders and the other - a manslaughter trial set to begin in Los Angeles state for a fatal crash. All this is amidst the chaos…

Massive layoffs, a cult following and the goal of complete domination: Musk and GE’s longtime chief have a lot in common, but is Elon’s star beginning to dim just as Welch’s has? Elon Musk's recent moves to put his stamp on Twitter Inc. call to mind another cult figure of corporate America — Jack Welch. Both men have achieved mythic status in capitalism, generating vast wealth and cultivating slavish devotion in the process. Welch, who helmed General Electric Co. from 1981 to 2001, became famous for massive layoffs,…

If Twitter is unable to win back advertisers, Tesla’s CEO may have to keep selling shares. Elon Musk is fond of saying that fate loves irony. This go-to phrase now seems awfully prophetic. The Technoking of Tesla has long eschewed advertising, arguing the electric-car company is better off spending on product. Besides, who needs a multimillion-dollar Super Bowl spot when you can blast your cherry-red Tesla Roadster into space to the soundtrack of David Bowie's “Life on Mars”? In addition to staging stunts like…

The whirlwind week that Elon Musk took over Twitter began with sleepless nights for company engineers -- and ended with half the staff getting the axe. The whirlwind week that Elon Musk took over Twitter began with sleepless nights for company engineers -- and ended with half the staff getting the axe. "It was a strange week," said one former employee speaking on condition of anonymity. "Executives were getting fired or were resigning, but there was basically no official communication until 5 pm Thursday," some…