Twitter takeover should go ahead if it coughs up proof of accounts, Musk says August 6, 2022 Elon Musk has revived hopes that his Twitter takeover may go ahead after writing the deal should proceed “on its original terms” if the social media site provides its method for confirming accounts are genuine.
Twitter blames Musk for declining revenue July 22, 2022 Twitter has blamed Elon Musk for its revenue decline in the second quarter as the social media firm feels the strain of failed takeover talks. Revenue dropped one per cent year-over-year to $1.18bn, falling short of the projected $1.32bn. While the social media titan blamed the challenging macroeconomic environment for the revenue dip, it also [...]
Twitter v Elon Musk: Takeover trial fast-tracked to October July 19, 2022 Twitter's attempt to force Elon Musk to complete his $44bn takeover has been fast-tracked to October, with the social media titan arguing that any further delay would cause damage to the business.
‘Delete Twitter’ searches soar by 204 per cent as app crashing and Musk deal falters July 15, 2022 Searches for “Delete Twitter” surged by 204 per cent after the app crashed and Elon Musk pulled out of his $44bn (£37.2bn) bid to buy the social media platform. Searches to delete Twitter rose to more than double the average amount after users were unable to load any content on the app yesterday, research by [...]
Twitter faces major outage as users get locked out of accounts July 14, 2022 Thousands are reporting an outage on Twitter, with users being locked out of accounts. According to stats collected by DownDetector, issues first began to appear at around 12.55pm on July 14. The site showed that 50 per cent of users were experiencing problems, while 42 per cent are having trouble with the app. Users were [...]
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 [...]
Twitter is ‘committed’ to Musk takeover despite turbulence June 15, 2022 Despite ongoing turbulence, Twitter chairman Bret Taylor has said he remains committed to closing Elon Musk's $44bn takeover bid.
Musk set to abandon £35bn Twitter takeover if bot count isn’t clarified June 6, 2022 Elon Musk has threatened to walk away from his $44bn (£35bn) takeover of Twitter, urging the social media network to provide more data on spam and fake accounts.
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 – [...]