Elon Musk reaches deal to buy Twitter for $44B - Brazil has lifted its ban on Twitter/X

london

Rising Star
BGOL Investor









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Good Luck with her This woman is only attracted to billionaires
 

Gemini

Rising Star
BGOL Investor
Twitter did something to the algorithm. This shit been fire this whole week (based on your likes) :yes:


























just a few lol
 
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playahaitian

Rising Star
Certified Pussy Poster

Musk's lawyer urges judge to delay Twitter trial due to whistleblower
By Tom Hals
and Sheila Dang





2 minute read

Twitter logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration
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WILMINGTON, Del., Sept 6 (Reuters) - A trial over Elon Musk's bid to end his $44 billion deal for Twitter Inc (TWTR.N) should be delayed by several weeks to allow the billionaire to investigate a whistleblower's claims about security on the social media platform, Musk's lawyer told a judge on Tuesday.
"Doesn't justice demand a few weeks to look into this?" said Musk's lawyer, Alex Spiro, at a hearing in Wilmington, Delaware.
Last month, whistleblower allegations became public that provided Musk, the world's richest person, fresh ammunition to bolster what legal experts said was a long-shot attempt to walk away from the deal without paying a $1 billion termination fee.
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Twitter's former head of security, Peiter Zatko, a famed hacker known as "Mudge," said in a complaint to regulators that the company falsely represented that it had a solid data security plan. read more
Twitter has dismissed Zatko's allegations as a "false narrative" and its lawyer accused the billionaire on Tuesday of seizing on the whistleblower allegations to cover up the fact that he supposedly rushed in to buying the company without assessing the risks.
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"Mr. Musk is blaming Twitter for his failing to do customary due diligence," said William Savitt, an attorney for Twitter. He urged the judge to prevent Musk from adding whistleblower claims to his lawsuit but said if allowed, the five-day trial should begin on Oct. 17 as scheduled.
Savitt read an early May message from Musk to a banker that turned up in the litigation in which the billionaire wrote "it won't make sense to buy Twitter if we're heading into World War III." Savitt said it was evidence that Musk is looking for any way out of the deal and his initial claims about bots and fake accounts were merely a pretext to end the deal.
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Twitter and Musk have sued each other. The company wants Chancellor Kathaleen McCormick of Delaware's Court of Chancery to order Musk to buy the company for the $54.20 per share he agreed to in April.
Shares of Twitter ended Tuesday trading at $38.65 per share, up slightly.
McCormick ended Tuesday's hearing without saying when she would rule.
Musk, who is also chief executive of electric vehicle maker Tesla Inc (TSLA.O), initially countersued Twitter for misleading him about the amount of fake or bot accounts on the platform, which he said allowed him to walk away from the deal.
 

mrcmd187

Controversy Creates Cash
BGOL Investor

Musk's lawyer urges judge to delay Twitter trial due to whistleblower
By Tom Hals
and Sheila Dang





2 minute read

Twitter logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration
Register now for FREE unlimited access to Reuters.com
Register
WILMINGTON, Del., Sept 6 (Reuters) - A trial over Elon Musk's bid to end his $44 billion deal for Twitter Inc (TWTR.N) should be delayed by several weeks to allow the billionaire to investigate a whistleblower's claims about security on the social media platform, Musk's lawyer told a judge on Tuesday.
"Doesn't justice demand a few weeks to look into this?" said Musk's lawyer, Alex Spiro, at a hearing in Wilmington, Delaware.
Last month, whistleblower allegations became public that provided Musk, the world's richest person, fresh ammunition to bolster what legal experts said was a long-shot attempt to walk away from the deal without paying a $1 billion termination fee.
Advertisement · Scroll to continue
Report an ad
Twitter's former head of security, Peiter Zatko, a famed hacker known as "Mudge," said in a complaint to regulators that the company falsely represented that it had a solid data security plan. read more
Twitter has dismissed Zatko's allegations as a "false narrative" and its lawyer accused the billionaire on Tuesday of seizing on the whistleblower allegations to cover up the fact that he supposedly rushed in to buying the company without assessing the risks.
Advertisement · Scroll to continue
Report an ad
"Mr. Musk is blaming Twitter for his failing to do customary due diligence," said William Savitt, an attorney for Twitter. He urged the judge to prevent Musk from adding whistleblower claims to his lawsuit but said if allowed, the five-day trial should begin on Oct. 17 as scheduled.
Savitt read an early May message from Musk to a banker that turned up in the litigation in which the billionaire wrote "it won't make sense to buy Twitter if we're heading into World War III." Savitt said it was evidence that Musk is looking for any way out of the deal and his initial claims about bots and fake accounts were merely a pretext to end the deal.
Advertisement · Scroll to continue
Report an ad
Twitter and Musk have sued each other. The company wants Chancellor Kathaleen McCormick of Delaware's Court of Chancery to order Musk to buy the company for the $54.20 per share he agreed to in April.
Shares of Twitter ended Tuesday trading at $38.65 per share, up slightly.
McCormick ended Tuesday's hearing without saying when she would rule.
Musk, who is also chief executive of electric vehicle maker Tesla Inc (TSLA.O), initially countersued Twitter for misleading him about the amount of fake or bot accounts on the platform, which he said allowed him to walk away from the deal.
This fools on the hook for a lot of money and trying to figure a exit plan
 

ghoststrike

Rising Star
Platinum Member

Almost all of Twitter's shareholders have voted to approve the social media giant's deal with Tesla CEO Elon Musk, who had agreed to buy it for $44 billion but has since tried to back out.

About 98.6% of stockholders approved the buyout, priced at $54.20 per share. That was higher than Twitter's near-$50 share price when the deal was struck, and nearly 30% above its $41.90 per share value as markets opened on Thursday.

"The shareholder approval satisfies the final condition precedent to the closing of the merger under the merger agreement." Twitter said. The social media company said it is ready to complete the deal "immediately" and no later than Thursday, per the requirements of the agreement.

Musk first agreed to buy Twitter in April for $44 billion. But a lawyer for Musk has sent multiple letters to the Securities Exchange Commission, with the most recent one dated last Friday.

The lawyer sent termination notices in July and August, and wrote that the most recent letter is "not legally necessary" but that he was sending it "in the event that the July 8 Termination Notice or, alternatively, the August 29 Termination Notice is determined to be invalid for any reason."

Twitter sued Musk in July over the crumbling deal. Musk claimed he changed his mind because the company had understated the prevalence of bots — fake accounts — on its platform.

Last month, Twitter's former head of security Peiter Zatko filed a whistleblower complaint alleging that the company's lax security practices put users' personal data at risk, and that the social media company in danger of violating a settlement agreement with federal regulators. He also alleges that the Indian government forced Twitter to hire two government agents who had access to sensitive data.

Musk added Zatko's concerns to his legal claims soon after they became public. He now says that Twitter is damaged goods, and that by hiding such egregious problems, it committed fraud.
 

mrcmd187

Controversy Creates Cash
BGOL Investor

Almost all of Twitter's shareholders have voted to approve the social media giant's deal with Tesla CEO Elon Musk, who had agreed to buy it for $44 billion but has since tried to back out.

About 98.6% of stockholders approved the buyout, priced at $54.20 per share. That was higher than Twitter's near-$50 share price when the deal was struck, and nearly 30% above its $41.90 per share value as markets opened on Thursday.

"The shareholder approval satisfies the final condition precedent to the closing of the merger under the merger agreement." Twitter said. The social media company said it is ready to complete the deal "immediately" and no later than Thursday, per the requirements of the agreement.

Musk first agreed to buy Twitter in April for $44 billion. But a lawyer for Musk has sent multiple letters to the Securities Exchange Commission, with the most recent one dated last Friday.

The lawyer sent termination notices in July and August, and wrote that the most recent letter is "not legally necessary" but that he was sending it "in the event that the July 8 Termination Notice or, alternatively, the August 29 Termination Notice is determined to be invalid for any reason."

Twitter sued Musk in July over the crumbling deal. Musk claimed he changed his mind because the company had understated the prevalence of bots — fake accounts — on its platform.

Last month, Twitter's former head of security Peiter Zatko filed a whistleblower complaint alleging that the company's lax security practices put users' personal data at risk, and that the social media company in danger of violating a settlement agreement with federal regulators. He also alleges that the Indian government forced Twitter to hire two government agents who had access to sensitive data.

Musk added Zatko's concerns to his legal claims soon after they became public. He now says that Twitter is damaged goods, and that by hiding such egregious problems, it committed fraud.
He wants to back out cause he doesn't have the $44 billion and can't secure a loan to get it :roflmao2:
 

COINTELPRO

Transnational Member
Registered
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It is just a matter of time before the legacy automakers switch up to EV. This is a cleverly designed ploy to pump and dump Tesla stock with Twitter. I am selling my shares to buy another company versus I am selling shares for no reason. After getting shares of Twitter, he can sell those off which he is really dumping Tesla stock.

I know why he designed the cybertruck in this manner but he could have done more upfront aesthetically. He need to hire more effeminate male designers at Tesla.

He will over invest in production capacity believing his Tesla market share will be much bigger.
 
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ugk

Rising Star
BGOL Investor
He's gonna pull out AGAIN.

lame ass CAC wants to change the news because the whole world was lighting his ass up over his Ukrainian "peace deal" that would have them surrender land to Russia.
 
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