President Biden mentioned Elon Musk and Twitter during a fundraiser Friday night, suggesting his acquisition of the platform could allow its users to spew “lies all across the world.” “Elon Musk goes out and buys an outlet that sends — that spews lies all across the world,” Biden remarked. “There are no editors anymore in […]
Tag: elon musk
Elon Musk wants out of 44 billion Twitter deal
Twitter stock prices nosedived after tech billionaire Elon Musk announced that he intends to break his $44 billion agreement to purchase the social media giant. A letter sent by the Telsa CEO’s legal team to Twitter on Friday, which was filed with the U.S. Securities and Exchange Commission (SEC), said that the agreement was being […]
Elon Musk could make radical changes to Twitter
Twitter is usually awash with topics for discussion, but over the past couple of days one has stood out on the platform above others – what does the future hold for Twitter itself? With Elon Musk set to purchase the site – subject to shareholders’ approval – for $44bn (£35bn), tweeters across the world have […]
Musk’s $44 billion deal accepted by Twitter
Twitter shares popped over 5% on Monday after the company’s board unanimously accepted Tesla CEO Elon Musk’s $44 billion offer to take the social media giant private. Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of common stock that they own upon closing of the proposed transaction. […]
Elon Musk nearing deal to buy Twitter
Twitter is said to be nearing a deal to sell itself to Elon Musk, according to The New York Times and other outlets, 11 days after the Tesla and SpaceX CEO shocked the industry by offering to buy the company in a deal valuing it at more than $41 billion. A deal could be finalized […]
Elon Musk offers to buy Twitter for 43 billion, will take it private
Tesla CEO Elon Musk offered to buy Twitter in a deal worth more than $43 billion and take the social media company private. Musk’s best and final offer was to pay $54.20 per share for 100% of Twitter, and said that if his offer was not accepted he’d have to reconsider his position as a […]
Elon Musk purchases stake in Twitter after slamming its ‘woke’ approach
Tesla CEO Elon Musk purchased a 9.2% stake in Twitter Inc. according to a Monday filing from the SEC. Twitter’s shares jumped more than 25% in price following Monday’s news. Musk now controls nearly 73.5 million shares of the company, making him the largest shareholder, and individual stocks were priced at $49.81 on Monday morning. […]
Automation Pushing America To Universal Basic Income For It’s Citizens
Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation? The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology […]
Home energy storage as well as electric cars to be sold in Tesla shops
Tesla’s recent acquisition of Solar City mean the automaker’s retail stores are about to get a makeover. Tesla is perhaps best known for its electric cars, but the company has another prominent business as well. Its Tesla Energy division markets stationary lithium-ion battery packs for energy storage. Energy-storage systems can increase the utility of home solar arrays, […]
Elon Musk says ‘Robots will take your jobs, force government will have to pay you’
Computers, intelligent machines, and robots seem like the workforce of the future. And as more and more jobs are replaced by technology, people will have less work to do and ultimately will be sustained by payments from the government, predicts Elon Musk , the iconic Silicon Valley futurist who is the founder and CEO of […]
Tesla Unveils Next Step In Green Energy
Hold onto your butts solar aficionados, the next generation solar roof is coming, and it looks good. During a brief event Friday night, Elon Musk presented his plan to integrate solar roofs with Powerwall power packs. But that’s not all. On Saturday Musk expanded on his talk by explaining via Twitter that the new solar […]
Musk’s bad day: Explosion + stock drops by Tesla, SolarCity = $390 million loss
CNBC’s Phil LeBeau reports on problems at Tesla and now SpaceX, after a rocket launch failed in spectacular fashion today. One of his rockets blew up, and he suffered a paper loss of about $390 million as the stock prices of two of his companies sank. Elon Musk was having a horrible day. No one […]