Twitter stock

In a new tweet fired at Twitter before market open, Elon Musk has reiterated that his $44BN deal to buy the social media platform is on hold over the issue ...

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The New York Post reports that Tesla CEO Elon Musk might sell some shares of his space company to fund his potential purchase of Twitter — if the price is ...

The Post said Musk was looking for a 25% bump... Tesla CEO Elon Musk might sell some SpaceX stock if the price is right. Elon Musk Might Sell Some SpaceX Stock at 25% Bump in Value. That Makes Sense.

Mr. Musk called on Twitter to provide more data about the number of spam and fake accounts on the social media site.

Mr. Musk’s deal with Twitter also has a nondisparagement clause that prohibits him from tweeting negatively about the transaction. Last Friday, he tweeted that his purchase of Twitter was “temporarily on hold” until he could get more details about the volume of spam and fake accounts on the platform. Tech company stocks have taken a beating since Mr. Musk first announced his acquisition of Twitter earlier this month. The two sides have so far continued as if there is a deal. On Monday, Parag Agrawal, Twitter’s chief executive, posted a lengthy thread detailing how the company calculates its number of bots. It is also below where Twitter traded before Mr. Musk initially revealed that he had bought a big stake in the company, the opening move in what has become an increasingly convoluted takeover saga. He later followed up saying he was still “ committed” to the deal. “So you know, at the end of the day, acquiring it has to be fixable with a reasonable time frame and without revenues collapsing along the way.” Renegotiating a deal would not be easy. Elon Musk, the world’s wealthiest man, capped what seemed an improbable attempt by the famously mercurial billionaire to buy Twitter for roughly $44 billion. In a tweet published at 3:32 a.m. Eastern time on Tuesday, Mr. Musk said the figure could be well above 20 percent, without providing information to support the claim. Here’s how the deal unfolded:

Twitter stock was trading at $37.39 on Monday, representing a complete reversal of gains acquired after Musk announced minority ownership.

However, Agrawal also added that he remains prepared to continue “leading and operating Twitter” if the deal falls apart. The Tesla (NASDAQ: TSLA) CEO seemed to put investors in a tailspin when he announced a pause on the Twitter deal late last week. Should he opt out of the deal, Musk may have to part with a $1 billion breakup fee. When he's not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover. Twitter Inc (NYSE: TWTR) stock has shed all of its gains back since Elon Musk disclosed his 9% stake in the company last month. Investors interpreted this move as a red flag, suggesting that the Tesla CEO wants to back out.

Elon Musk escalated a public feud with Twitter's CEO early Tuesday, saying his acquisition of the social media company "cannot move forward" until he sees ...

on Twitter, once describing cryptocurrency spam bots as the platform's "single most annoying problem." That pivot from Musk fueled speculation that the world's richest man may be using the debate over bots to secure a better price for Twitter, either as a negotiating tactic or out of necessity Parsing through legitimate and fake accounts can be complicated, he said. Musk on Friday declared it was "temporarily on hold" but that he's "still committed to acquisition." The company has said that less than 5% of its daily active users are spam accounts. "Yesterday, Twitter's CEO publicly refused to show proof of <5%. This deal cannot move forward until he does."

Former CEO Jack Dorsey told Musk he personally believes Twitter would be better equipped to focus on execution as a private company, according to the filing ...

Musk asked if Dorsey would stay on the board even though he had already been set to leave, and Dorsey declined. Musk hinted at an event that he could seek to renegotiate the price. In the deliberations over the bid, the filing reveals, Twitter's board considered its historical challenges in growing the business and also determined it was "unlikely" other potential acquirers would be interested or able to buy Twitter based on regulatory, financial and execution risks. The board later adopted a so-called poison pill or shareholder rights plan to prevent Musk from moving forward with a hostile takeover. That same day, Musk also reached out to Twitter board member Egon Durban and the two discussed the possibility of Musk joining the board. Leading up to that date, Musk and Agrawal continued discussing Twitter's business and products in anticipation of his new role on the board.

Musk says the $44 billion deal may be off unless Twitter CEO Parag Agrawal shows less than 5% of Twitter users are fake.

“In order to responsibly manage the organization as we sharpen our roadmaps and our work, we need to continue to be intentional about our teams, hiring and costs.” Musk has said he wants to remove bot accounts after acquiring the company and promote “free speech” on Twitter, a view some employees worry could hurt safety policies put in place to protect users online. Last week, Agrawal announced a hiring freeze for Twitter and fired the company’s heads of revenue and consumer product. More recently, as the value of Tesla and other tech stocks plummeted, he sought more investors to lower his equity commitment in the deal, The Washington Post has reported. In a thread on Twitter’s methodology, CEO Parag Agrawal said Monday that the site suspends more than half a million spam accounts daily. The terms of the agreement carry a $1 billion termination fee, and his withdrawal could trigger a messy legal battle, some experts have said.

In a filing on Tuesday, Twitter said it was still committed to its agreement with Elon Musk and urged shareholders to vote in favor of it.

Twitter estimates that these accounts make up less than 5 percent of its platform, but Mr. Musk has suggested that the total is far higher. Twitter’s board chair, Bret Taylor, also spoke with several of Twitter’s institutional shareholders to gauge their interest in Mr. Musk’s offer, the filing said. If a deal with Mr. Musk did not solidify, other acquirers could swoop in and propose a lower price. In recent days, Mr. Musk has suggested that the presence of bots and spam accounts on Twitter could allow him to back out of the deal or renegotiate its price. Mr. Musk had acquired a significant stake in Twitter and approached the company with suggestions for changes he believed it should make to its business. “Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable,” Twitter said in a statement accompanying the filing. It also showed Twitter’s continued commitment to the deal, even as Mr. Musk appeared hesitant: “This deal cannot move forward,” he tweeted early Tuesday, shortly before the filing was published. The shares of many tech stocks, including Twitter’s, have slumped recently, making a quick turnaround on the public market more challenging. Elon Musk, the world’s wealthiest man, capped what seemed an improbable attempt by the famously mercurial billionaire to buy Twitter for roughly $44 billion. As Elon Musk continues to cast doubt on whether his acquisition of Twitter will continue, the social media company is pressing ahead. Its shares have already fallen below their value when Mr. Musk first revealed his stake in Twitter, and they are now far below the price he is offering in his takeover bid, a signal that investors have doubts that a deal will close. Here’s how the deal unfolded:

The Tesla founder doubts Twitter's contention that bots or fake account are less than 5%, versus more than 20%, and wants to see proof.

Twitter shares never hit the proposed deal price, indicating skepticism it would happen. The board accepted his all-cash offer for $54.20 a share last month. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does,” Musk tweeted.

The Elon Musk-Twitter deal moved further into uncertainty on May 17 after the Tesla CEO said he might scrap his planned $44 billion buyout of the social ...

As previously reported by GOBankingRates, the deal includes a $1 billion “reverse termination fee” Musk will be on the hook for. That led to speculation that Musk will either demand a lower price or back out of the deal altogether. Musk seems to believe that the actual figure is not only higher, but a whole lot higher. Twitter CEO Parag Agrawal disputed those figures in a May 17 tweet of his own. Twitter shares fell about 1.7% in premarket trading on May 17. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”

In a filing on Tuesday, Twitter said it was still committed to its agreement with Elon Musk and urged shareholders to vote in favor of it.

Twitter estimates that these accounts make up less than 5 percent of its platform, but Mr. Musk has suggested that the total is far higher. Twitter’s board chair, Bret Taylor, also spoke with several of Twitter’s institutional shareholders to gauge their interest in Mr. Musk’s offer, the filing said. If a deal with Mr. Musk did not solidify, other acquirers could swoop in and propose a lower price. In recent days, Mr. Musk has suggested that the presence of bots and spam accounts on Twitter could allow him to back out of the deal or renegotiate its price. Mr. Musk had acquired a significant stake in Twitter and approached the company with suggestions for changes he believed it should make to its business. “Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable,” Twitter said in a statement accompanying the filing. It also showed Twitter’s continued commitment to the deal, even as Mr. Musk appeared hesitant: “This deal cannot move forward,” he tweeted early Tuesday, shortly before the filing was published. The shares of many tech stocks, including Twitter’s, have slumped recently, making a quick turnaround on the public market more challenging. Elon Musk, the world’s wealthiest man, capped what seemed an improbable attempt by the famously mercurial billionaire to buy Twitter for roughly $44 billion. As Elon Musk continues to cast doubt on whether his acquisition of Twitter will continue, the social media company is pressing ahead. Its shares have already fallen below their value when Mr. Musk first revealed his stake in Twitter, and they are now far below the price he is offering in his takeover bid, a signal that investors have doubts that a deal will close. Here’s how the deal unfolded:

Our slowing revenue growth means we are also having to slow our cost growth as a company,” the company said in a statement.

“I’ve been anticipating for years that the future of work would have more opportunities, especially for people in the knowledge and creator economies, to be freelance but have a structure behind that freelance.” (A. Team has an application process that includes “technical interviews and algorithmic evaluation,” the company said in a statement, and members are “constantly evaluated” as they work on projects.) “But it is also a further catalyst for the Fed to raise rates even higher, in order to get inflation under control.” In a statement, Allianz said the misconduct was “limited to a handful of individuals” who were no longer employed by the company. Many local groups that are part of the Black Lives Matter movement have called for more transparency and a greater role in decision making, as well as more money for the organizations led by activists on the ground. A recent tax filing from the group shows that by the middle of last year, more than half of that money had been granted to local organizations or spent on consultants and real estate, leaving the foundation with $42 million in assets. “Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable,” Twitter said in a statement accompanying the filing. It said anyone in that program who felt “uncomfortable coming into the office” would have the “option to work remotely.” But now Mr. Musk says his bid is “ temporarily on hold” until he can get more details to confirm that spam and fake accounts represent less than 5 percent of the social network’s total users. Mr. Musk had acquired a significant stake in Twitter and approached the company with suggestions for changes he believed it should make to its business. “So you know, at the end of the day, acquiring it has to be fixable with a reasonable time frame and without revenues collapsing along the way.” Part of the reason that the issue of fake accounts has come to the forefront now is that Mr. Musk did not conduct due diligence on Twitter before agreeing to buy the company.

Shares of Twitter Inc. undefined fell 1.8% in premarket trading Tuesday, putting them on track for an eighth-straight loss, amid increasing uncertainty over ...

Twitter's stock decline on Tuesday follows Tesla Inc. Shares of Twitter Inc. An eighth-straight loss would the longest such streak since the eight-day stretch ending Oct. 29, 2021.

A drop in Twitter's stock price and Elon Musk's repeated assertions that he needs more information about fake accounts to proceed with his takeover have ...

Musk tweeted early Tuesday morning that his takeover cannot move forward until the platform provides information about the number of spam or fake accounts on the platform. Asked if the Twitter deal is possible at a different price, Musk said, "I mean, it is not out of the question. Most of the Twitter stock drop came before Musk’s comments about paying a lower price for the social media giant.

Twitter Inc. is losing three more senior employees, including two vice presidents, a reflection of the uncertainty inside the social media company as ...

Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course ...

Register now for FREE unlimited access to Reuters.com Symmetric.io data show that 20 fund firms increased their Twitter stakes and 11 made new investments during the first three months of the year. News that Musk, chief executive officer of electric car maker Tesla Inc (TSLA.O), owned 9.2% of the social media platform sent Twitter shares surging more than 30% in early April, offering a bright spot amid the technology sector rout. The so-called 13F filings show what investors owned on March 31. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

March 26: Musk contacts Jack Dorsey, Twitter's founder, former chief executive officer and one of Twitter's current directors, to discuss "the future direction ...

"Yesterday, Twitter's CEO publicly refused to show proof of <5%. This deal cannot move forward until he does." Here is a timeline of Musk's remarks, discussions and dealings in his quest to buy the company. April 25: Twitter agrees to be acquired by Musk for $44 billion. Musk replies with a poop emoji. A viable Twitter deal is "not out of the question" at a lower price, Elon Musk said at the 2022 All-In Summit Monday, as he's continued to express skepticism about the company's estimate of spam and fake accounts. Elon Musk on Tuesday tweeted that his $44 billion deal to buy Twitter "cannot move forward" unless company CEO Parag Agrawal publicly proves that less than 5% of users are bots or spam accounts.

Good morning. US set to block Russian debt payments, HSBC retail shareholders warming to breakup idea, keeping the Twitter deal on track and a guilty plea ...

The waiver, issued shortly after the US levied sanctions on Russia over its invasion of Ukraine in February, has given Moscow room to pay coupons, helping it avert default on its government debt. The Treasury Department’s Office of Foreign Assets Control is expected to let a temporary exemption lapse once it expires on May 25, according to people familiar with the matter. The Biden administration is poised to fully block Russia’s ability to pay US bondholders after a deadline expires next week, a move that could bring Moscow closer to the brink of default.

Twitter, Inc (NYSE: TWTR) was spiking up over 3% on Tuesday after falling almost 28% beginning on May 5 to reach a $36.85 low, putting Tesla, Inc (NASDAQ: ...

The Twitter Chart: Despite falling off a cliff on May 5, Twitter hasn’t confirmed it's trading in a downtrend because the stock has yet to print a lower high. Musk’s antics are likely to make trading Twitter risky until the outcome of the deal is known, and the patterns on the stock’s chart could be easily negated by a single remark from Musk on Twitter. Musk has recently demanded proof from Twitter’s CEO Parag Agrawal, to show that the proportion of bots on the microblogging app are less than 5%, which Musk claims Agrawal has refused to do.