Tech

Musk is at odds with Twitter over his buyout agreement

akhila balakrishnan May 18, 2022

Elon Musk, CEO of Tesla, promised that taking over Twitter would allow him to rid the social media platform of its vexing “spambots.” Now he’s arguing, without providing any evidence, that there may be too many automated accounts for the $44 billion deal to proceed. According

Tech

Buffalo shooting: Sites yank videos faster, but only marginally

akhila balakrishnan May 16, 2022

New York ( US)- Social media platforms have learned to remove violent videos of extremist shootings more quickly over the last few years. It’s just that they’re not moving fast enough. Police say a white gunman killed ten people and injured three others in a “racially motivated violent extremist” shooting in Buffalo on Saturday. Most […]

Business

Musk puts Twitter buy ‘on hold,’ casting doubt on $44B deal

Editorial Bureau May 14, 2022

DETROIT — Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he’ll proceed with the $44 billion acquisition. Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social media platform. He has […]

Tech

Tesla, Twitter shares drop as Elon Musk’s legal issues grow

Editorial Bureau May 13, 2022

DETROIT — Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its stock down almost 16% so far this […]

Tech

Managers fired from Twitter amid Musk buyout turmoil

Editorial Bureau May 13, 2022

Twitter fired two of its top managers Thursday, the latest sign of internal turmoil amid Tesla billionaire Elon Musk’s planned buyout of the company. One Twitter general manager, Kayvon Beykpour, is leaving after 7 years. In a series of tweets Thursday, Beykpour said CEO Parag Agrawal “asked me to leave after letting me know that […]

Tech

Musk sells $8.5B in Tesla stock as he readies to buy Twitter

Editorial Bureau April 30, 2022

In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging […]

Tech

Twitter abuse victims fear Musk’s plans, but may not quit

Editorial Bureau April 28, 2022

Perhaps no group of people is more alarmed about Elon Musk’s apparent plan to make Twitter a free speech free-for-all than those most likely to be targeted for harassment: women, racial minorities and other marginalized groups. They fear that a more hands-off approach to policing the platform will embolden purveyors of hate speech, bullying and […]

Tech

Musk’s Twitter ambitions to collide with Europe’s tech rules

Editorial Bureau April 27, 2022

LONDON — A hands-off approach to moderating content at Elon Musk’s Twitter could clash with ambitious new laws in Europe meant to protect users from disinformation, hate speech and other harmful material. Musk, who describes himself as a “free speech absolutist,” pledged to buy Twitter for $44 billion this week, with European Union officials and […]

Business

Elon Musk is buying Twitter. Soon the hard part starts

Editorial Bureau April 27, 2022

Tesla CEO Elon Musk stands to be the next owner of Twitter, having pledged roughly $44 billion to buy the social platform and take it private. Assuming that happens, next up on his agenda will be planning how to fulfill his promises to develop new Twitter features, open its algorithm to public inspection and defeat […]

Business

Musk says he has $46.5B in financing ready to buy Twitter

Editorial Bureau April 22, 2022

Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. Last week, Musk announced an offer to buy the social media company for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance […]