Twitter plans to sue following Musk’s withdrawal from $44bn takeover July 9, 2022 Twitter has announced it will sue Elon Musk if he refuses to go ahead with his $44bn takeover. Chairman Bret Taylor said the company’s board was “committed to closing the transaction” agreed upon with the serial entrepreneur and it would plan “to pursue legal action to enforce the merger agreement.” Under the agreement’s terms, Musk [...]
Twitter board ‘unanimously’ recommends Elon Musk takeover June 21, 2022 Twitter’s board has unanimously recommended shareholders approve Elon Musk’s $44bn takeover, despite a rocky few months of discussions. The news comes after Musk met with Twitter employees last week at the company all-hands, and reasserted his desire to snap up the firm. According to a regulatory filing to the US Securities and Exchange Commission on Tuesday, Twitter’s board [...]
Former staff sue Tesla over ‘mass layoffs’ June 21, 2022 Former employees at Tesla are suing the electric vehicle maker for carrying out what they say are “mass layoffs“, which they claim violated the law by not giving advance notice. In a lawsuit filed in Texas on Sunday, two former employees at the company’s Nevada factory allege Tesla violated the Worker Adjustment and Retraining Notification (WARN) Act [...]
Elon Musk’s child vows to change name to cut all ties with famous father June 21, 2022 Elon Musk's child has filed to sever all ties with the eccentric billionaire, stating she does not “wish to be related to my biological father in any way, shape or form”.
Twitter turned WeChat: Musk lays out ambitions for $44bn takeover June 18, 2022 Tesla chief executive Elon Musk has framed his ambitions for Twitter as similar to China's WeChat: an all-encompassing messaging app and social media.
SpaceX fires employees over letter criticising CEO Musk June 17, 2022 SpaceX fired employees for their part in writing and circulating a letter that criticised CEO Elon Musk, the New York Times reported on Thursday. The rocket manufacturing company reportedly dismissed multiple workers who were involved in the letter, which blasted Musk’s public conduct and urged SpaceX to publicly condemn his Twitter behaviour. “Elon’s behaviour in [...]
Musk, Tesla, and SpaceX sued by Dogecoin investor over alleged “pyramid scheme” June 17, 2022 Elon Musk, Tesla, and SpaceX were hit by a $258bn (£210.2bn) lawsuit on Thursday by a Dogecoin investor accusing them of engaging in a “Crypto Pyramid Scheme (aka Ponzi scheme)” relating to the cryptocurrency. The complaint, filed in a Manhattan court, alleged that the world’s richest man and the two companies he runs, electric vehicle [...]
Lots of luck on moon trip: Biden jibes Musk on ‘super bad feeling’ about economy June 4, 2022 President Joe Biden has scorned Tesla founder Elon Musk after the tech boss cited a “super bad feeling” about the economy amid plans to slash jobs. Speaking on Friday, the US President pointed out that while the electric carmaker said it needed to axe one in 10 jobs, rival Ford was “overwhelmingly” increasing investment. “While [...]
Back to work: Musk tells Tesla staff to return to offices or face the sack June 1, 2022 Elon Musk has weighed in on the working from home debate, urging Tesla staff to get back to the office.
US financial watchdog raises questions around Musk’s Twitter stake acquisition May 28, 2022 The US Securities and Exchanges Commission (SEC) has cast doubts over the legality of Elon Musk’s failure to properly disclose his acquisition of a 9.2 per cent stake in Twitter for $2.6bn, before launching his bid to takeover the social media firm. In an April 4 letter to the richest person in the world – [...]