Short-Sellers Made $15 Billion Betting Against Tesla Shares This Year

The value of Elon Musk’s company has sunk by almost 70% from its November 2021 peak. Musk has refused to draw a link between Tesla’s decline and his takeover of Twitter. Short-sellers made $15 billion this year betting that shares in Tesla would fall, as about $800 billion was wiped off its value, new research … Read more

About 1,400 Twitter Staff Have Joined Blind Since Elon Musk Took Over

More than 1,400 Twitter employees signed up to Blind in the past month, its co-founder told Insider. About 95% of Twitter’s workforce is now on Blind, Kyum Kim said. Users of the anonymous professional network can only review the company they work for.  Twitter employees have been flocking to Blind, the anonymous professional network, since … Read more

Elon Musk Threatens to ‘Name and Shame’ Companies Pausing Twitter Ads

Prior to the statement, Musk blamed pressure from activist groups for the pause on ad spending. Before the takeover, Musk promised investors Twitter wouldn’t become a “free-for-all hellscape” in a letter. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The … Read more

Soon, you may have to pay about Rs 5,000 per year for Twitter blue check mark

Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social media platforms. “Whole verification process is being revamped right now”, Musk said in his tweet without giving more details. Twitter is considering charging for the coveted blue … Read more

Elon Musk completes $44 billion acquisition of Twitter

Elon Musk completed his $44 billion acquisition of Twitter Inc late on Thursday and his first move was to fire the social media company’s top leadership which he accused of misleading him over the number of spam accounts on the platform. Musk terminated Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal … Read more

Banks to hold all $13-billion debt backing Twitter deal, says report

The banks providing $13 billion in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said.   The banks are not planning to syndicate the debt as is typical with … Read more

Elon Musk sells another $7 billion Tesla shares

Elon Musk offloaded $6.9 billion worth of stock in Tesla Inc. to accumulate cash ahead of a trial that could force the billionaire to follow through on an agreement to acquire Twitter Inc. Tesla’s chief executive officer sold about 7.92 million shares during the last three days of trading, according to regulatory filings. Musk, who … Read more

Elon Musk Says He Is Terminating His Deal to Buy Twitter

Lawyers for Elon Musk have notified the US Securities Exchange Commission that the Tesla and SpaceX CEO is moving to terminate the deal to acquire Twitter, and accusing the social media company of being “in material breach of multiple provisions” of the merger agreement. Shares of Twitter fell roughly 6% following the news, while shares … Read more

Elon Musk targets YouTube says video platform giant hosts nonstop scam ads

Elon Musk, the CEO of Tesla Company and one of the world’s richest people, has expressed his displeasure towards the video streaming platform YouTube which is owned by search giant Google. The Tesla CEO slammed YouTube’s service by tweeting on the micro-blogging site Twitter. Elon Musk even called YouTube a scammer. Musk tweeted,” YouTube seems … Read more