Musk

Some well-timed trades in the options on Twitter, in the days before Tesla CEO boss Elon Musk revealed a large stake in the social media company, are raising eyebrows among options analysts.On Monday, Musk revealed a 9.2 percent stake in Twitter, making him the biggest shareholder in the company, and triggering a 26 percent rise in Twitter's shares to over $49 (roughly Rs. 3,700).The news follows a flurry of bullish trading in Twitter's options in recent days, including in call options betting on Twitter shares rising…

On Thursday, April 14th, Elon Musk announced an offer to buy Twitter for $54.20 a share. This is a huge story with a lot of fast-moving parts to it. It’s also a story that will likely stretch out over the next few months, maybe even longer. So we thought we’d put together a guide for you, our readers, that can be updated as things continue to unfold. Because, like Elon, we ❤️ you. So strap in — it’s going to be a bumpy ride. The latest news: The will-he / won’t-he-buy-Twitter saga is nearing completion with a deal…

Elon Musk is joining Twitter's board of directors a day after disclosing that the Tesla CEO took a 9 percent stake in the social media platform.Twitter said in a regulatory filing Tuesday that it entered into an agreement with Musk on Monday that will give the billionaire a seat on its board, with the term expiring at its 2024 annual shareholders meeting.Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!— Elon Musk (@elonmusk) April 5, 2022Musk, either…

Twitter tweeted Tuesday that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company's largest shareholder and now sits on its board.Twitter said it will test the feature in its paid service, Twitter Blue, in the coming months. It said the test would help it “learn what works, what doesn't, and what's possible.” So it may be a while before most Twitter users get to use it, if…

News of Tesla chief executive Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media firm's ability to moderate content, company insiders told Reuters.Within hours of the surprise disclosure this week that Musk, a self-described "free speech absolutist," acquired enough shares to become the top Twitter shareholder, political conservatives began flooding social media with calls for the return of Donald Trump. The former US President was banned from Facebook and…

Twitter plans to hold a meeting for employees concerned about Tesla Chief Executive Elon Musk's influence on the company's board, a Twitter spokesperson said Friday.The Twitter official did not disclose the timeframe or format for the meeting.The social media company named Musk to the board on Tuesday after the outspoken and polarizing executive disclosed he had acquired a more than nine percent stake in the company, making him Twitter's largest shareholder.In announcing the appointment, Twitter Chief Executive Parag…

The moment Elon Musk posts something on Twitter, some scammers running different crypto scams respond to his tweets and try to steal some attention — and also money from his followers — by impersonating him. Bad actors use deceptive tactics such as using the same profile photo of the Tesla and SpaceX CEO that he has on his official account and his profile name, but with some fancy fonts. Interestingly, the accounts also have the 'Verified' mark to easily pretend to be Musk, who, of course, has the blue tick on his…

On the weekend Elon Musk was expected to join Twitter's board, the billionaire tweeted to his about 81 million followers ideas and changes he wanted to bring to the micro-blogging platform and deleted a few of those tweets hours after rejecting the seat.The week-long drama started when Musk disclosed a 9.1 percent stake in Twitter on April 4 and later said he would take a board seat. But becoming a director would have prevented Musk from becoming a beneficial owner of more than 14.9 percent of Twitter's common…

Elon Musk was sued on Tuesday by former Twitter shareholders who claim they missed out on the recent run-up in its stock price because he waited too long to disclose a 9.2 percent stake in the social media company.In a proposed class action filed in Manhattan federal court, the shareholders said Musk, the chief executive of electric car company Tesla Inc, made "materially false and misleading statements and omissions" by failing to reveal he had invested in Twitter by March 24 as required under federal law.Twitter shares…

Elon Musk has made a “best and final” offer to buy Twitter, saying the company has extraordinary potential and he will unlock it.The world's richest man will pay $54.20 (roughly Rs. 4,120) per share in cash, representing a 54 percent premium over the January 28. closing price and a value of about $43 billion (roughly Rs. 327421.35 crore). The social media company's shares soared 18 percent in pre-market trading.Musk, 50, announced the offer in a filing with the US Securities and Exchange Commission on Thursday. The…