Tag: Elon Musk

Even as tech billionaire Elon Musk took over Twitter, he slammed Indian-origin lawyer Vijaya Gadde over censoring exclusive stories related to US President Joe Biden's son Hunter's laptop in the wake of the Capitol Hill violence, early this year.

Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday that despite the Twitter board accepting Elon Musk's $44 billion takeover offer, the Indian guidelines for social media platforms will not change in order to protect users' data privacy and safeguard them from any harm.

According to media reports, Musk could face conflict with China over free speech, which is a key market for Tesla as it produces vehicles at the Shanghai Gigafactory.

It all started with a casual conversation. Who knew a few words exchanged on the platform in 2017 would end on a high note as big as buying the platform itself in 2022! That is Elon Musk for you.

With Elon Musk acquiring Twitter for $44 billion, advertisers are having nightmares as free speech can kill their prospects on the platform as their brand's name may appear alongside hate speech and abusive or dangerous content without moderation.

What exactly led to this billion dollar deal? Here's a timeline of Twitter takeover by Elon Musk

Elon Musk, who has just bought Twitter for $44 billion, will have to manufacture his Tesla cars in India, and not China, if he wants to come and sell the vehicles in the country, Union Road Transport and Highways Minister Nitin Gadkari said here on Tuesday.

Tuesday morning, Twitterati in India woke up to the news about Board of Directors of Twitter approving Elon Musk's offer to buy the company at $54.20 per share. How will things change from hereon, for India and rest of the planet?

A New York Times reporter tweeted that "After 2009, when China banned Twitter, the government there had almost no leverage over the platform. That may have just changed".

The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the US and in countries where Twitter does business, before the deal is completed.

The Twitter buyout casts doubts on the future of Agrawal, and it is still unclear whether he would like to remain at the helm, with Musk now being at the very top of the platform.

Twitter announced late on Monday evening that it has entered into a definitive agreement to be acquired by an entity wholly-owned by Musk for $54.20 per share in cash in a transaction valued at nearly $44 billion.

Twitter announced late on Monday that it has entered into a definitive agreement to be acquired by an entity wholly owned by Musk for $54.20 per share in cash in a transaction valued at nearly $44 billion.

Musk, who had disclosed ownership in Twitter in a filing with the SEC earlier this month, has a 9.1 per cent ownership stake in the platform, which is worth over $3 billion currently.

The Boring Company, a project to build underground highways to alleviate traffic congestion, last week raised $675 million in its Series C round, taking its valuation up to $5.7 billion.