Tag: Elon Musk

Twitter's ad revenue totaled $1.08 billion, and subscription and other revenue totalled $101 million.

In a tweet to Musk, a follower wrote to Musk that under the SEC Rule 10b-5, Twitter "can be liable for omissions of or misleading material facts. Waiving due diligence does not mean you have to accept a fraudulent disclosure (understated bots)".

The trial will be five days -- longer than Twitter asked for but shorter than Musk did. The exact dates have not yet been scheduled.

Recently, Musk's lawyers have said that Twitter officials are unfairly pushing for a "warp speed" trial.

Tesla and SpaceX CEO Elon Musk has said that the electric vehicle company is to protect life on Earth and his space company to extend it beyond Earth.

In a new court filing first reported by Bloomberg, Musk's lawyers have said that Twitter officials are unfairly pushing for a "warp speed" trial.

The remaining 47 employees may be sent to work in Tesla's Buffalo Autopilot office, according to the report.

Musk was expected to provide equity financing of approximately $21 billion on his own.

In a surprising move, Musk's legal team said in a US Securities and Exchange (SEC) filing that he is terminating the deal because Twitter was in "material breach" of their agreement and had made "false and misleading" statements during negotiations.

In a filing on Friday afternoon with the US Securities and Exchange Commission (SEC), Musk's team claimed he is terminating the deal because Twitter was in "material breach" of their agreement and had made "false and misleading" statements during negotiations.

The one million figure will include accounts that are weeded out as they attempt to join the platform and therefore are never counted as daily users.

Twitter CEO Parag Agrawal in May fired consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck, saying there is a hiring freeze now and Twitter will also pause spending in most areas.

Zilis, who was born in Ontario, Canada, met Musk through OpenAI, the artificial intelligence (AI) research-and-deployment nonprofit Musk cofounded in 2015.

Musk, a serial Tweeter, last posted on June 22 on the battle between SpaceX and the US Federal Communications Commission (FCC) over broadband usage.

Musk said he does not believe in Twitter findings, which claim that false or spam accounts represent fewer than 5 per cent of its monetisable daily active users (229 million).