WASHINGTON (AP) — News that Elon Musk has agreed after all to proceed with his $44 billion deal to buy Twitter may have felt like a stunning surprise from the brash billionaire who loves to shock.
Elon Musk wants Twitter again — and Twitter is game. The billionaire Tesla CEO has proposed to buy the company at the originally agreed-on price of $44 billion, bringing the tumultuous, monthslong saga another step closer to a conclusion.
The tumultuous saga of Elon Musk's on-again off-again purchase of Twitter took a turn toward a conclusion Tuesday after the mercurial Tesla CEO proposed to buy the company at the originally agreed-on price of $44 billion.
Elon Musk's monthslong tussle with Twitter took another twist Tuesday when the Tesla billionaire seemed to return to where he started in April — offering to buy the company for $44 billion.
Elon Musk has gotten into a Twitter tussle with Ukrainian President Volodymyr Zelenskyy after the tech billionaire floated a divisive proposal to end Russia’s invasion.
The Tesla CEO, who on Tuesday revived a $44 billion deal to take control of Twitter, argued in a tweet that to reach peace Russia should be allowed to keep the Crimea Peninsula that it seized in 2014.
Stocks rose sharply again on Wall Street and clawed back more of the ground they lost in a miserable several weeks.
The S&P 500 rose 3.1% Tuesday. The benchmark index has been rallying since hitting its lowest point of the year on Friday to close out a September slump.
Elon Musk is offering to go through with his original proposal to buy Twitter for $44 billion.
TALLINN, Estonia (AP) — Estonia's prime minister said Tuesday that the West must not give in to Moscow's nuclear threats or premature peace proposals but stand firmly in support of Ukraine as the invaded country fights to rid its occupied territories of Russian soldiers.
Twitter wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April. But what if a judge makes that ruling and Musk balks?
The Tesla billionaire's reputation for dismissing government pronouncements has some worried that he might flout an unfavorable ruling of the Delaware Court of Chancery, known for its handling of high-profile business disputes.
DETROIT (AP) — An early prototype of Tesla Inc.'s proposed Optimus humanoid robot slowly and awkwardly walked onto a stage, turned, and waved to a cheering crowd at the company's artificial intelligence event Friday.
SULIMANIYAH, Iraq (AP) — Dara Qureshi scrolls through the contacts on his phone, each name an alias for activists across the border in neighboring Iran, where protests have been raging for two weeks.
DOVER, Del. (AP) — Newly disclosed text messages between Elon Musk and Twitter CEO Parag Agrawal showed that the two men briefly bonded in the spring over their love of engineering — at least until Musk publicly tweeted this message early on April 9: ‘ Is Twitter dying? ’”
DETROIT (AP) — U.S. Securities regulators are unlawfully muzzling Tesla CEO Elon Musk, violating his free speech rights by continually trying to enforce a 2018 securities fraud settlement, Musk's lawyer contends in a court brief.
DOVER, Del. (AP) — A Delaware judge on Tuesday ordered attorneys for billionaire Elon Musk to create a log of certain documents that relate to former Twitter security chief Peiter “Mudge” Zatko but not directly to Zatko's whistleblower complaint against the social media giant.
WILMINGTON, Del. (AP) — Tesla CEO Elon Musk won a reprieve from questioning by Twitter lawyers Monday, according to several press reports. The billionaire had been scheduled to give a deposition in his high-stakes court fight with Twitter over whether he has to follow through with his agreement to buy the social platform for $44 billion.
WASHINGTON (AP) — Elon Musk's hope to operate his satellite internet firm in Iran requires permission from the Treasury Department, which said Tuesday it welcomes applications to support internet freedom in the country that is largely isolated from Wwestern economies.
BOSTON (AP) — College photos of Tesla CEO Elon Musk and memorabilia from his girlfriend at the time sold for $165,000 at auction, a Boston auction house said Thursday.
Boston-based RR Auction said it was a collection of never-before-seen photos and memorabilia from Musk's college girlfriend, Jennifer Gwynne.
Elon Musk will be able to include new evidence from a Twitter whistleblower as he fights to get out of his $44 billion deal to buy the social media company, but Musk won't be able to delay a high-stakes October trial over the dispute, a judge ruled Wednesday.
Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform.
Musk filed more paperwork in his bid to terminate the deal, this time based on information in a whistleblower complaint filed by Twitter’s former head of security.
WILMINGTON, Del. (AP) — Elon Musk's legal team is demanding to hear from Twitter's whistleblowing former security chief, who could help bolster Musk's case for backing out of a $44 billion deal to buy the social media company.
DOVER, Del. (AP) — A Delaware judge ordered both Twitter and Tesla CEO Elon Musk to turn over more information to opposing lawyers in their tussle over Musk's agreed-to-then-abandoned $44 billion deal to acquire the social platform.
DETROIT (AP) — U.S. securities regulators are questioning Twitter about the way it determines how many fake accounts are on its platform.
The Securities and Exchange Commission in June asked the company about its methodology for calculating false or spam accounts and "the underlying judgments and assumptions used by management.”
Twitter's former head of security alleged that the company misled regulators about its poor cybersecurity defenses and its negligence in attempting to root out fake accounts that spread disinformation, according to a whistleblower complaint filed with U.S.
Elon Musk might have just gotten a leg up in his effort to back out of buying Twitter.
The billionaire Tesla CEO has spent months alleging that the company he agreed to buy for $44 billion undercounted its fake and spam accounts — and that he shouldn't have to consummate the deal as a result.
Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his $44 billion agreement to acquire the company Dorsey helped found, according to court documents.
Frenzied talk of billionaires wanting — or, in the case of Elon Musk, not wanting — to buy Manchester United has topped the sports agenda in Britain this week.
LONDON (AP) — Elon Musk caused a stir by tweeting that he was buying the English soccer team Manchester United — whose current owners are opposed by many fans — then saying several hours later that it was a joke.
Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter.
Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are ‘spam bots’ or real people.
Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he claimed held back necessary information and misled his team about the true size of its user base.
SAN FRANCISCO (AP) — Twitter denied in a court filing that it had deprived its would-be acquirer, billionaire and Tesla CEO Elon Musk, of necessary information or misrepresented details about its business.
DETROIT (AP) — Tesla shareholders on Thursday approved a three-for-one stock split, a move that will make the company's shares more accessible to smaller investors.
Preliminary results of the shareholder vote were announced at the electric car and solar panel maker's annual meeting at its new factory in Austin, Texas.
DOVER, Del. (AP) — Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday.
SAN FRANCISCO (AP) — Elon Musk’s wealthy high tech allies don’t seem too happy about receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO.
DOVER, Del. (AP) — Twitter has set Sept. 13 as the date for its shareholders to vote on the company’s pending buyout by Tesla CEO Elon Musk.
The company said in a regulatory filing on Tuesday that it is recommending shareholders vote for the $44 billion deal to be completed.
LONDON (AP) — Twitter reported a quarterly loss Friday and declining revenue caught Wall Street off guard with the number of people using the platform on the rise.
The latest quarterly earnings figures offered a glimpse into how the social media platform has performed during a months-long negotiation with billionaire and Tesla CEO Elon Musk after he said that he would buy the company, and then changed his mind.
DETROIT (AP) — Tesla's second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles.
But the Austin, Texas, company still surprised analysts Wednesday with a better-than-expected $2.26 billion net profit for the quarter.
Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it.
DOVER, Del. (AP) — Elon Musk's attempt to delay a lawsuit filed against him by Twitter after he tried to walk away from a $44 billion agreement to buy the company has failed.
NEW YORK (AP) — The economy is a bit wobbly, but General Motors CEO Mary Barra isn't backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S.
SAN FRANCISCO (AP) — Tesla CEO Elon Musk fired back Friday at Twitter’s lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports.
In a filing with the Delaware Court of Chancery, Musk’s lawyers accused Twitter of withholding information about fake accounts — a longtime preoccupation for Musk — and of creating delays, providing evasive responses and putting up technical obstacles.
DOVER, Del. (AP) — Twitter Inc.’s lawsuit to force billionaire Elon Musk to make good on his promise to buy the social media giant will be resolved in a small but powerful Delaware court that specializes in high-stakes business disputes.
Companies hit the brakes on deal-making during the first half of 2022 as concerns over pervasive inflation, interest rate hikes and the threat of a recession loomed over Wall Street.
Overall, companies announced $2.2 trillion worth of buyout deals in the first half of the year, a 21% drop from a year earlier.
Twitter appears to be returning for some users after experiencing an hourlong outage that affected both its app and website on Thursday.
Individuals attempting to use the social media platform were met with a message saying “Tweets aren't loading right now.
Twitter is telling its employees that it's not planning any companywide layoffs, but there could be some restructuring and organization changes as it heads into a legal battle over the potential sale to Elon Musk.
In the latest twist in the Twitter-Elon Musk saga, the company has sued the billionaire Tesla CEO in an attempt to force him to complete his $44 billion takeover.
Stocks that traded heavily or had substantial price changes Wednesday:
Delta Air Lines Inc., down $1.39 to $29.70.
The airline's second-quarter earnings and revenue fell short of Wall Street forecasts.
Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price.