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Business World

Elon Musk files countersuit against Twitter over $44 billion deal

Elon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he be held to his $44 billion purchase deal. Musk mounted a legal defence against Twitter’s claim that he is contractually bound to complete the deal he inked in April, the Chancery Court in the state of Delaware said in […]

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Tech

Twitter spent $33 million on Elon Musk’s proposed deal to buy the social media giant

Twitter spent $33 million on Elon Musk’s proposed deal to buy the firm between April and June 2022. It also said its number of monthly daily users had risen to 237 million but it reported a net loss of $270 million, which was worse than expected. Mr Musk has since changed his mind about the […]

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Business World

Twitter sues world’s richest man Elon Musk over $44 billion takeover deal

Twitter is suing billionaire Elon Musk to try to force him to buy the social media firm, setting up a legal battle with the world’s richest man. It comes after Mr Musk announced he was walking away from his proposed $44 billion takeover of Twitter on Friday. He claimed Twitter had not given information about […]

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Business World

Elon Musk pulls out of $44 billion Twitter takeover deal

Elon Musk is seeking to end his $44 billion bid to buy Twitter, alleging multiple breaches of the agreement. The announcement is the latest twist in a long-running saga after the world’s richest person decided to buy Twitter in April. Mr Musk said he had backed out because Twitter failed to provide enough information on […]

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Tech World

Twitter sues Indian government over order to remove criticism

Twitter said Tuesday it is suing the Indian government after authorities ordered the social media platform to remove content. The lawsuit, filed in the Karnataka High Court, argues that the removal orders do not meet the procedural requirements of India’s IT Act, which allows the government to block content to the public for things such […]

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India World

Indian police arrest vocal critic of Prime Minister Narendra Modi’s government

Police in India have arrested the co-founder of a fact-checking website who has been a vocal critic of Prime Minister Narendra Modi’s government. Mohammed Zubair of AltNews has been accused of insulting Hindu religious beliefs on Twitter, a network of media organisations said. Opposition leaders and journalists have condemned the arrest. They said it was […]

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Insane World

SpaceX has reportedly fired several employees for criticizing Elon Musk: Report

SpaceX has fired several employees involved in an open letter that blasted billionaire boss Elon Musk, according to media reports. An email from Gwynne Shotwell, SpaceX’s president, saying the company had terminated employees who put together and circulated the letter. The letter writers denounced Musk for actions that they said are a “frequent source of […]

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Business Tech World

Elon Musk threatens to pull out of $44 billion Twitter deal over sharing of user data

Elon Musk threatened to walk away from his $44 billion acquisition of Twitter, accusing the social media company of “thwarting” his requests to learn more about its user base. In a letter filed with regulators, Mr Musk said he was entitled to do his own measurement of spam accounts. The letter formalises a dispute that […]

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Business Tech World

Top EU lawmakers warn Elon Musk against relaxing Twitter’s content moderation

European Union’s top lawmakers have issued a warning to Elon Musk over his takeover of Twitter. Twitter agreed to Elon Musk’s offer to buy it for $44 billion on Monday. The billionaire has publicly stated his interest in buying the social media platform is rooted in his idea of “free speech.” Musk has previously described […]

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Business Tech World

Twitter board reportedly met Elon Musk to discuss takeover offer: Report

The board of Twitter reportedly met Elon Musk over the weekend to explore his $43 billion takeover offer for the social media platform. After the Tesla boss first revealed his bid, Twitter’s management announced a so-called “poison pill” strategy to fend off a potential hostile buyout. Mr Musk plans to finance his bid with the […]

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Tech World

Elon Musk sees his proposed acquisition of Twitter as a turning point for human civilization

Elon Musk has offered to purchase Twitter on Thursday, saying during an on-stage interview at the TED conference that he sees the acquisition as nothing less than a turning point for civilization. Musk said the proposed deal is not about the economics of Twitter’s business, but about ensuring Twitter remains a trusted platform for democracy […]

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World

Twitter removes Russian claims on Ukrainian hospital attack by Russian forces

Twitter has removed two posts by the Russian embassy in London which claimed the bombing of a Ukrainian hospital by Russian forces had been faked. The Mariupol hospital was attacked on Wednesday, leaving three people dead. But the embassy’s tweets made unfounded claims the hospital was not operational at the time, and that injured women […]