Prominent hedge funds, including Bridgewater Associates and Point72 Asset Management had invested in Twitter in the first quarter, before Elon Musk unveiled his plans to acquire the company. They are now on course to reap big gains. Headed by Steven A…. Read More ›
In a significant development, EU’s industry chief Thierry Breton and Tesla Inc’s CEO Elon Musk met in Texas and signalled the signing of an agreement on EU digital media regulation ahead of Musk’s purchase of Twitter Inc. “It fits pretty well… Read More ›
A Florida pension fund has sued Elon Musk and Twitter Inc in an attempt to stop Musk from completing his $44 billion acquisition of the social media company before 2025. The Orlando Police Pension Fund has launched a proposed class action… Read More ›
In a significant development Elon Musk has agreed to acquire Twitter Inc for $44 billion in an all cash deal. Musk, who terms himself as a free speech absolutist, was earlier critical of Twitter’s moderation. He aims to place Twitter’s algorithm… Read More ›
A group of 18 Republicans have sent Twitter board members a letter asking it to preserve all records and materials relating to Elon Musk’s offer to purchase Twitter. The development potentially marks the laying of groundwork for a possible investigation. “As… Read More ›
In a tweet, Elon Musk said, he is giving some “serious thought” on building a new social media platform. This was in response to a Twitter user’s question on whether he would consider building a social media platform based on… Read More ›
In a statement Rumble Inc, a website similar to YouTube that is popular among U.S. conservatives, and payment processor Parallel Economy said, the former has acquired a stake in it. On January 6, 2021, following the U.S. Capitol riots many… Read More ›
In a statement Australian Prime Minister Scott Morrison said, Canberra will soon introduce legislation to make social media giants provide details of users who post defamatory comments. The development comes at a time when the Australian government is looking to… Read More ›
In a statement French Finance Minister Bruno Le Maire said, Paris will do its best to iron out burrs on the technical parameters for a global tax reform at the next G20 meeting, which aims to change the way large… Read More ›
According to a report from Bloomberg citing sources familiar with the matter at hand as saying, in recent months Twitter Inc had held discussions to acquire Clubhouse for $4 billion valuation. Discussions are no longer ongoing, and it is not… Read More ›
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