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“Elon Musk’s X will be allowed back online in Brazil after paying one more fine”

“X has to pay one last fine before its ban is lifted in Brazil, according to a decision out Friday from the country’s supreme court justice, Alexandre de Moraes. The platform was suspended nationwide at the end of August, a… Continue Reading…

Business, Stocks

“Twitter shares sink after Elon Musk terminates $44 billion deal”

“Twitter shares sank in premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the company. Shares of the social media platform fell more than 6%, wiping nearly $1.8 billion off the company’s market value. Tesla, where Musk is… Continue Reading…

Business

“Elon Musk says Twitter deal ‘cannot move forward’ until he has clarity on bot numbers”

“Elon Musk said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake. Twitter estimated in a filing earlier this month that fewer than 5% of its monetizable daily active users… Continue Reading…

Business, Stocks

“Twitter shares jump 3% on reports it could accept Elon Musk’s bid as early as Monday”

“Twitter shares jumped more than 3% on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media… Continue Reading…

Business, Stocks

“Elon Musk offers to buy Twitter for $43 billion, so it can be ‘transformed as private company’”

“Elon Musk offered to buy Twitter for $54.20 a share in a filing published Thursday, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values… Continue Reading…

Business, Stocks

“Elon Musk decides not to join Twitter board, says CEO Parag Agrawal”

“Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced publicly Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his… Continue Reading…

Stocks

“Twitter shares soar more than 20% after Elon Musk takes 9% stake in social media company”

“Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech. Musk owns… Continue Reading…

Business, Stocks

“Twitter CEO Jack Dorsey is expected to step down, sources say”

“Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock was up more than 5% on the news. Dorsey currently serves as both the CEO of Twitter and Square, his digital payments… Continue Reading…

Stocks

“Tesla shares slide 5% after Elon Musk proposes selling 10% of his stock in a Twitter poll”

“Tesla shares fell by more than 5% in morning trading Monday after CEO Elon Musk asked his Twitter followers if he should sell 10% of his stock in the electric vehicle company. Shares of Tesla slipped 5.3% to $1,157.30 at 09:16 a.m. ET… Continue Reading…

Business

“Twitter launches its first subscription service”

“Twitter announced on Thursday the launch of Twitter Blue, the company’s first subscription service designed for power users willing to pay a monthly fee for exclusive features. It’s the company’s first attempt at a subscription business model and could diversify Twitter’s… Continue Reading…