Elon Musk reaches deal to buy Twitter for $44B - Bluesky crosses the 30 million user mark
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Twitter said their still going to court cause they don't trust Musk
Twitter demands day in court after Elon Musk asks judge to halt upcoming trial
Musk’s lawyers make last-ditch bid to avert legal proceedings but Twitter says proposal is ‘invitation to further mischief and delay’www.theguardian.com
Musk must complete Twitter deal by Oct. 28 to avoid trial, judge rules
In a court filing on Thursday, Elon Musk said he wants Twitter to call off existing litigation in order to close the deal at $54.20 a share this month.www.cnbc.com
The federal government doesn't do shit but investigate these types.
They might as well turn these agencies into a newspaper and at least start writing some articles with what they find since they damn sure don't indict or charge anyone.
He was pumping and dumping the entire Covid outbreak. Weak ass enforcement agencies.
Great information in this article.
He was an ass before he was rich. He need to shut the fuck up.
Most murders aren't solved. Should they give up investgating those too? Elon is always doing slick shit. Tesla is party to over 1,200 lawsuits
List of lawsuits involving Tesla, Inc. - Wikipedia
en.wikipedia.org
This cac just says shit for attention now, he still trying to either get the money for the deal or just plane out stalling for time, and the MAGAs that think he is going to bring back 45 about to get a big surprise.
This makes me think he definitely is still trying to tank the deal and not have to pay a penalty.
Fuck Elon Musk
Twitter Staff Wants Elon Musk To Stop Threatening Layoffs As Deal Deadline Looms – Report
Angst grows as deal deadline approaches.
deadline.com
Twitter Staff Wants Elon Musk To Stop Threatening Layoffs As Deal Deadline Looms – Report
By Jill Goldsmith
Jill Goldsmith
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October 25, 2022 12:34pm
Getty
As Elon Musk nears an Oct. 28 deadline to acquire Twitter, employees of the beleaguered social media platform are slamming the billionaire for plans to possibly lay off up to 75% of staff when he takes over.
A draft of an open letter seen – and published — by Time while it was still circulating among staff, insisted that, “A threat to workers at Twitter is a threat to Twitter’s future.”
“These threats have an impact on us as workers and demonstrate a fundamental disconnect with the realities of operating Twitter. They threaten our livelihoods, access to essential healthcare, and the ability for visa holders to stay in the country they work in. We cannot do our work in an environment of constant harassment and threats. Without our work, there is no Twitter,” the draft letter says.
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Elon Musk May Gut 75% Of Twitter Workforce - Report
“Elon Musk’s plan to lay off 75% of Twitter workers will hurt Twitter’s ability to serve the public conversation,” it added. “A threat of this magnitude is reckless, undermines our users’ and customers’ trust in our platform, and is a transparent act of worker intimidation.”
The letter asks Musk to “explicitly commit” to preserve benefits and demands “leadership to establish and ensure fair severance policies for all workers before and after any change in ownership.”
The company and its staff have been living under a cloud of stress and uncertainty since last spring when Musk disclosed a big stake in Twitter, moved the join the board then walked that back and opted to buy it instead for $44 billion, or $52.20 a share.
He pressured the company into a fast deal. But soon after, with the market tanking, he began to undermine management, business and morale with tweets and insults, declared the deal “on hold,” then unilaterally terminated it in July. His big argument has been that Twitter underreports the number of fake, or bot, accounts on its platform.
Twitter sued and the two sides were originally headed to trial Oct. 17. Musk’s case seemed weak, in part because had expressly waived the right to due diligence in the merger agreement – a decision that remains hard to understand. He flip-flopped again last month and offered to buy Twitter at the originally agreed upon price. A Delaware Chancery Court judge stayed the trial and gave him until this Friday to close the deal for real or said she’d set a new trial date.
A Musk-owned Twitter will be private and carry a heavy debt load, a reason to cut costs where he can. He has said he’d like to move away from advertising, which makes up almost all of the company’s revenue. The Tesla founder also wants the service to be a real “town square” and has indicated it’s likely to police content less than it does now, and may well re-platform former President Donald Trump and others.
Elon Musk May Gut 75% Of Twitter Workforce – Report
But Twitter itself was said to be looking at a 25% staff cut, and closure of some data centers.
deadline.com
Elon Musk May Gut 75% Of Twitter Workforce – Report
By Jill Goldsmith
Jill Goldsmith
Co-Business Editor
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October 20, 2022 5:01pm
Getty Images
Elon Musk told prospective investors in Twitter that he planned to eliminate about 75% of the social media platform’s 7,500-strong workforce.
Such a move would leave Twitter with about 2,000 staffers, not nearly enough to handle the flood of spam, hate and misinformation on the platform, according to a report in the Washington Post.
However, Twitter itself was already thinking of laying off about 25% of its workers as well as closing key data centers even before the billionaire Tesla founder entered the scene, WaPo said.
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Twitter Staff Wants Elon Musk To Stop Threatening Layoffs As Deal Deadline Looms - Report
A Twitter spokesperson wasn’t immediately available to comment.
Musk is not above exaggerating and comments made to potential financial partners aren’t necessarily a blueprint for the future as he nears an Oct. 28 deadline to close the acquisition. But he has talked publicly about downsizing Twitter, without specifics. A cut that steep could pose dangers as the platform already struggles with the scope of global content moderation. Recent headlines have focused the possible reinstatement on the service of former President Donald Trump, and antisemitic posts by rapper Kanye West.
Whistleblower Peiter Zatko described in part an organization in need of more resources, not less.
Musk yesterday during a Tesla earnings call said he and current investors going in with him on the deal are way overpaying for the company, but that he sees “huge potential” and great value in (a slimmer?) Twitter down the road.
There may not be long to wait for Musk’s plans to be unveiled. Talks are ongoing and he’ll need to get the deal closed by next week’s deadline to avoid the trial in Delaware Chancery Court. “I’m excited by the Twitter situation,” he said yesterday in one of of the first positive comments about the purchase in many months.
Musk agreed to buy Twitter in April and reneged in July. Twitter sued and the two sides were locked in combat facing an Oct. 17 court date. Acrimony cooled somewhat after Musk renewed his offer for the original price – of $44 billion or $54.20 a share – and a judge stayed the trial to give the deal another chance.
fuck bringing a sink where the money at.
It is like paying $50 billion for a non profit. The fraud isn't the bots, it is making everything free to attract users and over value the company. The investor thinks there is some type of magical profit that will happen in the future. They see the high number of users and think there is some type of profit that can be had.
Once he starts requiring payment or putting up annoying banners, it will decrease users.
Once he starts requiring payment or putting up annoying banners, it will decrease users.
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Lol so no "free speech" like he claimed before. Man, every single thing I've said on this thread has come to fruition.
