Page 9 - Twitter

Twitter will follow 'rigorous' process on Musk offer: Parag Agrawal

After Elon Musk made a hostile bid to acquire Twitter for nearly $43 billion, CEO Parag Agrawal has tried to convince employees that the micro-blogging platform would follow a "rigorous process"

Twitter's algorithm should be open source, says Elon Musk

In his first public, non-tweeted comments since the saga began, Musk addressed why he wants to buy the company, and the changes he would want to bring about: Report

The Twitter investors Elon Musk hopes to keep may not want to stay

Musk, in the time since the initial proposal, made his first public comments Thursday about the big deal expressing doubt if the bid will ultimately go through.

Twitter is weighing a poison pill defense to thwart Musk's takeover bid

A poison pill defense strategy allows existing shareholders the right to purchase additional shares at a discount, effectively diluting the ownership interest of the hostile party.

Elon Musk needs 'massive loan' or big Tesla stock sale to buy Twitter

The purchase isn't straightforward, but Musk has several financing paths.

Elon Musk wants to buy out Twitter in $43-billion unsolicited bid

Offer price of $54.20 per share is 38% premium to Twitter's Apr 1 close, the last trading day before his stake in the platform was made public

Twitter board to evaluate 'unsolicited, non-binding' Musk's $43-bn offer

Saudi Arabia's Prince Alwaleed bin Talal rejected Elon Musk's bid, saying the deal doesn't 'come close to the intrinsic value' of the popular social media platform

Wall Street mixed at open as investors eye Musk, Twitter drama

Stocks are mixed at the open on Wall Street Thursday as investors again turn their attention to the drama surrounding Elon Musk and Twitter. Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he'd accumulated a 9% stake. Twitter rose 2.2% to $46.87 in early trading. The S&P 500 rose less than 0.1% while the Nasdaq fell 0.4%. The Commerce Department said retail sales rose 0.5% in March, boosted by higher prices for gasoline, as consumers continue to spend despite high inflation. The price of oil fell more than 1%. The yield on the 10-year Treasury rose to 2.74% from 2.72%. World shares were mostly higher Thursday after China indicated its central bank will ease reserve requirements for lenders to counter the blow to its economy from pandemic shutdowns in big cities like Shanghai. London slipped while Paris, Frankfurt, Tokyo and Shanghai gained. U.S. futures were mixed and oil prices fell. Trading was relatively quiet with some Asian markets

Elon Musk launches $43-bn hostile takeover of Twitter

Musk's offer price of $54.20 per share represents a 38% premium to Twitter's April 1 close, the last trading day before the Tesla CEO's more than 9% stake in the company was made public

Top headlines: Musk launches hostile takeover of Twitter; M&M raises prices

Business Standard brings you top news of the evening

Tesla CEO Elon Musk sued by Twitter investor over hiding his stake

A Twitter investor has sued Tesla and SpaceX CEO Elon Musk for failing to disclose his stake in the micro-blogging platform as sought by the US laws.

Tesla CEO Elon Musk accused of breaking law while buying Twitter stock

Elon Musk's huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colourful billionaire illegally delayed disclosing his stake in the social media company

Elon Musk dodges limits in Twitter board seat refusal, say experts

Musk's deal to join the board included an agreement to keep his share in the company under 15 percent

Musk may remain engaged in Twitter strategy 'without limitation'

Tech billionaire Elon Musk would not be joining Twitter's Board of Directors but he may still engage with the social media company's management on a variety of discussions

Elon Musk drops plans to join Twitter board, deletes weekend tweets

Sources told Reuters that Musk had asked Twitter for a board seat even before the company's invitation

Twitter handles of UP govt, state information department hacked briefly

The verified Twitter handle of the Government of Uttar Pradesh (@UPGovt), which has 2.7 million followers, was hacked for around 10 minutes, said a senior official

Punjab Congress Twitter handle hacked, content on NFT posted

The hackers removed the profile picture and posted a tweet on NFTs

Bezos agrees with Musk to convert Twitter HQ into homeless shelter

Amazon founder Jeff Bezos on Monday agreed with Tesla and SpaceX CEO Elon Musk to convert Twitter's San Francisco headquarters in the US into a homeless shelter.

Elon Musk not joining Twitter board; CEO Parag Agrawal reveals why

Elon Musk, CEO of Tesla and now the largest shareholder in the micro-blogging site Twitter, has decided not to join the Twitter board. He owns a 9.2% stake, worth nearly $3 billion, in Twitter Inc

Musk polls followers on converting Twitter HQ to homeless shelter

Amazon.com Inc founder Jeff Bezos backed the idea