Rumour mill: Musk takeover spells mass job cuts for Twitter staff October 21, 2022 Elon Musk has told prospective investors that he plans to axe nearly 75 per cent of Twitter’s staff, as the billionaire continues to push forward with a takeover deal. According to reports from the Washington Post, although HR teams have reassured employees that mass layoffs were not coming any time soon, documents showed that plans [...]
Shareholders launch campaign to tie Elon Musk’s salary to Tesla’s ESG October 20, 2022 Shareholders, spearheaded by activist investor Tulipshare, have launched a campaign to tie Elon Musk’s salary to Tesla’s environmental, social and governance (ESG) performance. The announcement comes months after the electric vehicle (EV) powerhouse was booted from S&P’s ESG index. According to Tulipshare, tying the chief executive’s salary to ESG would ensure the company improves its [...]
Musk’s Twitter u-turn is the beginning rather than the end October 5, 2022 When news broke that Elon Musk would be moving ahead with his original $44bn takeover of Twitter, it felt like the beginning of a saga rather than the end of it. While the Tesla chief told his 107m followers that the purchase would be an “accelerant” towards his vision of an “everything app”, Musk’s lawyers [...]
Twitter shares halted as Musk ready to buy for original price October 4, 2022 Twitter shares have been suspended following a report that Elon Musk is proposing to buy Twitter for the original offer price of $54.20 a share.
Musk angers Zelensky and top Kyiv officials with controversial war tweet October 3, 2022 Elon Musk has angered Ukrainian President Volodymyr Zelensky and other top officials after he posted a controversial tweet on Monday night. The serial entrepreneur called on his 107.7 million followers to weigh in on the Ukrainian conflict. He claimed that the war will end with the UN supervising an elections’ redo in the occupied territories [...]
Musk: Starlink will lobby for exemption to operate in Iran amidst sanctions September 20, 2022 Starlink will lobby for an exemption to operate in Iran despite the current sanctions, according to the network’s owner Elon Musk. He didn’t specify on Monday night who or which legal authority he planned to lobby to. The comments came night after he tweeted that the service was now active on “all continents, including Antarctica.” [...]
Twitter shareholders on verge of approving Elon Musk takeover September 13, 2022 TWITTER whistleblower Peiter Zatko was grilled in the US Congress this afternoon, adding further ammunition to Elon Musk’s legal battle with the social media giant over his stunted takeover. Twitter’s former head of security, who was fired last year, accused the company of misleading regulators about cyber security, as well as its management of bot [...]
Claimants pile into Dogecoin lawsuit against Elon Musk September 8, 2022 A $258bn lawsuit accusing Elon Musk of running a “crypto pyramid scheme” to bolster the price of Dogecoin has expanded to include seven new claimants and six defendants, including The Boring Company. The lawsuit, first filed in a New York federal court in June, accuses the world’s richest man of running a ponzi scheme by [...]
Musk calls for Twitter takeover trial to be delayed over whistleblower claims September 7, 2022 Elon Musk's legal team have called for the trial over the $44bn takeover of Twitter to be delayed, citing recent whistleblower claims about the company's practices.
Elon Musk: Focus is on releasing self-driving Teslas by the end of the year August 29, 2022 Elon Musk is currently focused on releasing self-driving Teslas in the US, and potentially in Europe, by the year’s end. “The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit … and then having Tesla cars to be able to do [...]