Elon Musk has wrong approach to count fakes, spam on Twitter: experts

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researched the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued to … Read more

Elon Musk can’t just walk away from Twitter deal by paying $1 billion

Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk can’t just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It’s not that simple. Musk tweeted Friday that he has decided to put his acquisition of Twitter “on hold” as … Read more

Twitter CEO expects Musk deal to close but preparing for all scenarios

Parag Agrawal named Twitter CEO on Nov 29th, 2021. Courtesy: Twitter Twitter CEO Parag Agrawal said friday that he still expects the sale to Elon Musk to go through, but he’s continuing to run the company in case it doesn’t. “While I expect the deal to close, we need to be prepared for all scenarios … Read more

Elon Musk says Twitter deal on hold pending details on fake accounts

Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, US, on Thursday, Oct. 10, 2019. Bloomberg/Getty Elon Musk announced Friday that his Twitter deal is on hold until he receives more information about how many fake accounts there are on the social media platform. In a follow-up tweet around two hours later, Musk … Read more

Qld, NSW, Victoria weather: Storm’s worst day with rain deluge moving south

With roads and streets filled with rising floodwaters, emergency warnings and potentially life-threatening flash flooding, La Nina continues to wreak weather havoc. Three states could be hit with a weekend of wet and wild weather as La Nina continues to bring swathes of rain and damaging weather conditions. With the current La Nina phase lasting … Read more

Twitter freezing and cutting costs as execs depart

A person in a mask approaches the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, US , July 29, 2021. Andrew Kelly | Reuters Twitter is pausing most hiring … Read more

London is looking to tap the deep pockets of Silicon Valley

Mayor of London Sadiq Khan hopes to convince US tech firms to invest more in London. Leon Neal | Getty Images Sadiq Khan, the mayor of London, traveled to California as part of a trade mission to try to convince Silicon Valley tech leaders to invest more money in the UK capital. On Tuesday, Khan … Read more

What is terraUSD (UST) and how does it affect bitcoin?

Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Anthony Kuan | Getty Images A multibillion-dollar bet that bitcoin can act as a “reserve currency” for the crypto economy is already being tested as UST, a controversial stablecoin, struggles to maintain its $1 peg. UST dropped close to … Read more

Elon Musk denies claim Trump encouraged him to buy Twitter

Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Staehle | picture alliance via Getty Images Elon Musk on Friday flatly denied a claim by the head of ex-President Donald Trump’s new social media company that Trump had encouraged Musk’s bid … Read more

Elon Musk expected to serve as temporary Twitter CEO after deal closes

Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC’s David Faber. An SEC filing on Thursday revealed Musk secured approximately $7.14 billion in equity commitments from friends and other investors to buy Twitter. … Read more