Explained: How Elon Musk is trying to avoid paying $122 million severance to Parag & other fired Twitter execs
Fp Explainers • 2 years agoElon Musk is also planning to lay off more people by November 1 so that Twitter can avoid giving stock grants that are due to all employees of Twitter, on November 1, end of business hours.
Elon Musk accuses Twitter of thwarting his due diligence, threatens to walk out of $44 Billion Twitter deal
Mehul Das • 3 years agoElon Musk has stated in front of regulators that he is entitled to measure how many spam accounts does Twitter have and that his due diligence is being thwarted by the microblogging platform. He has, for the first time on record, threatened to walk out of the $44 Billion deal.
Elon Musk slams Twitter for having “bot friendly rules” and not making its stance clear on spambots
Fp Staff • 3 years agoAlthough Twitter has stated in its SEC filing that less than five per cent of its daily active users are fake, Musk claims that the number of bots on the platform is about four to five times higher. He also claims that Twitter’s policies and regulations are actually “bot friendly.”
Former Twitter CEO Jack Dorsey steps down from board amid Elon Musk's $44 billion acquisition deal
Fp Staff • 3 years agoIn November 2021, Jack Dorsey had quit from the post of Twitter CEO, handing over the responsibility to Indian-origin Parag Agrawal
Twitter deal with Elon Musk 'not on hold', moving forward as planned: Top executives inform employees
Fp Staff • 3 years agoTwitter Inc's top lawyer Vijaya Gadde, while interacting with employees during an all-hands meeting, said the company won't renegotiate the agreed-upon price of $54.20 per share
Elon Musk says 'cannot move forward' with $44 billion deal until Twitter CEO Parag Agrawal clarifies numbers on spam accounts
Fp Staff • 3 years agoThe multi-billionaire said there are 20 per cent fake/spam accounts, four times what Twitter claims. He said his offer was based on Twitter's SEC filings being accurate
Elon Musk has an excuse to potentially back out of Twitter Deal, 50% chance the deal goes through, say analysts
Mehul Das • 3 years agoTrade Analysts at several investment firms now believe that Elon Musk is looking for an excuse to back out of the $44 Billion Twitter deal. The ongoing spat over spambots between Twitter CEO Parag Agrawal and Musk could play a big role, in case the deal falls through.
Elon Musk hints at paying less than $44 billion for Twitter
• 3 years agoAt a Miami technology conference, Elon Musk estimated that at least 20 per cent of Twitter's 229 million accounts are spam bots. He added that the percentage was at the low end of his assessment
Twitter confirms two senior executives have quit, hirings halt as Elon Musk poised to be new owner
• 3 years agoMusk's $44-billion deal to buy Twitter was announced last month but still needs the backing of shareholders and regulators
Don't know what direction Twitter will go in: CEO Parag Agrawal tells employees after Elon Musk's takeover
• 3 years agoThe remarks by Agrawal, who took over the helm of the social networking giant just five months ago, came during a meeting with Twitter employees after the company said it had accepted Musk's offer to buy it for about $44 billion