elon musk twitter

Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter, although he and other investors were overpaying for the social media company.Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion (roughly Rs. 3.6 lakh crore) deal.Musk described Twitter as an asset that had "languished" for a long time. "Myself and the…

Elon Musk is being investigated by federal authorities over his conduct in his $44 billion (roughly Rs. 3.6 lakh crore) takeover deal for Twitter, the social media company said in a court filing released on Thursday.While the filing said he was under investigations, it did not say what the exact focus of the probes was and which federal authorities are conducting them.Twitter, which sued Musk in July to force him to close the deal, said attorneys for the Tesla CEO had claimed "investigative privilege" when refusing to…

Just before Elon Musk revived his proposal to buy Twitter last week, the billionaire accused the company of ordering a whistle-blower to destroy evidence of its missteps as part of a $7.8 million (roughly Rs. 64 crore) severance package. Peiter Zatko, Twitter's ex-head of security, said he burned 10 handwritten notebooks and deleted 100 computer files at the behest of company managers as part of his separation agreement, according to October 3 court filings that were unsealed Monday. The books contained notes of the…

Elon Musk has sent an additional letter of deal termination to Twitter Inc. to include a recent whistleblower complaint from a former security head of the social media firm as another reason to scrap the $44 billion deal. Last week, Peiter Zatko, a famed hacker known as "Mudge", said in his complaint that Twitter prioritised user growth over reducing spam and falsely claimed it had a solid security plan. If the allegations are true, then Twitter has breached some of the provisions of the merger agreement, Musk and his…

After scrapping the $44-billion Twitter deal over the presence of fake/spam accounts, Tesla chief executive officer (CEO) Elon Musk on Sunday questioned the company's way of measuring its user base, which it uniquely calls "monetisable daily active users" (mDAUs).In 2019, Twitter for the first time used the word mDAU, saying it believes that monetisable DAU, and its related growth, "are the best ways to measure our success".Monetisable DAU are users who log in and access Twitter on any given day through twitter.com or…

SAN FRANCISCO: Twitter plans to offer Elon Musk access to its "firehose" of raw data on hundreds of millions of daily tweets in an effort to push forward the Tesla billionaire's agreed-to $44 billion acquisition of the social media platform, according to multiple news reports. Lawyers involved in the deal would not confirm the data sharing agreement. Musk made no comment on Twitter, although he has previously been vocal about various aspects of the deal. Twitter declined to confirm the reports and pointed the statement in…

Twitter users will be able to receive reminders when retailers release limited edition items for sale, through a new feature the social media company announced. Twitter will test the feature with brands including Dior, Home Depot and Fossil. Luxury designers, streetwear brands and other retailers have created a trend in recent years of releasing small collections of clothes and accessories that can often sell out within minutes and generate hype among shoppers. The new feature from Twitter is intended to play off the…

Twitter is gearing up for its most ambitious quarter of user growth ever, leaders of the social media company's consumer products division told staff. Twitter is aiming to grow its monetizable daily active users, or users who see advertising, by 13 million this quarter. It is the highest goal the team has ever set, leaders told staff. They added that Twitter is on track to reach the goal and has currently achieved 8.5 million in user growth, one of the best growth quarters to date. Shares of Twitter rose 1 percent in…

WASHINGTON: State officials across the nation have taken on Big Tech companies in the courts and state legislatures, and federal regulators have nipped at Twitter over alleged violations of users' data privacy. Now, one state attorney general with an outsize personality and edge-skating stance nearly in the league of Elon Musk is striding into the maelstrom of Musk's $44 billion now-tenuous bid for Twitter. He is launching an investigation of Twitter for "potential false reporting" of bots on its platform to bolster…

Elon Musk warned Twitter Inc. that he might walk away from his $44 billion deal to acquire the social media company if it fails to provide the data on spam and fake accounts that he seeks. This was not the first time Musk had suggested publicly that his acquisition of Twitter might not happen. But the warning, delivered in a letter from Musk's lawyers to Twitter's chief legal officer, Vijaya Gadde, marked an escalation. It accused Twitter of being in "material breach" of its deal obligations. Musk's threats to tear up the…