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Twitter shares take off as Elon Musk buys stake worth almost $3bn

Sky News Monday, 4 April 2022
Twitter shares take off as Elon Musk buys stake worth almost $3bnShares in social media giant Twitter have surged by a quarter after it was revealed that Tesla billionaire Elon Musk had bought a 9.2% stake.
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News video: Twitter Announces Elon Musk Will Join the Company's Board of Directors

Twitter Announces Elon Musk Will Join the Company's Board of Directors 01:31

Twitter Announces, Elon Musk Will Join, the Company's Board of Directors. Twitter Announces, Elon Musk Will Join, the Company's Board of Directors. ABC reports that Elon Musk will join Twitter's board of directors. The news comes just one day after the world's richest man purchased a 9% stake...

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Elon Musk Elon Musk Business magnate (born 1971)

Donald Trump’s Facebook and Instagram Accounts Will Be Reinstated [Video]

Donald Trump’s Facebook and Instagram Accounts Will Be Reinstated

Donald Trump’s , Facebook and Instagram Accounts , Will Be Reinstated. 'The Hill' reports that parent company Meta made the announcement via a news release on Jan. 25. The former president had previously received a two-year ban in the wake of the events of Jan. 6. Now, Trump will be allowed to return to the platforms in the coming weeks. Our determination is that the risk has sufficiently receded, and that we should therefore adhere to the two-year timeline we set out, Nick Clegg, Meta's President for Global Affairs, via Twitter. The public should be able to hear what their politicians are saying — the good, the bad and the ugly — so that they can make informed choices at the ballot box, Meta, via news release. Trump's Twitter account was also reinstated in November following Elon Musk's acquisition of the platform. While Trump now primarily uses his own social media platform, Truth Social, it's unclear whether he will actually return to the other platforms. After Meta's announcement on Jan. 25, Trump responded with criticism. FACEBOOK, which has lost Billions of Dollars in value since ‘deplatforming’ your favorite President, me, has just announced that they are reinstating my account. , Donald Trump, via Truth Social. Such a thing should never again happen to a sitting President, or anybody else who is not deserving of retribution!, Donald Trump, via Truth Social

Credit: Wibbitz Top Stories    Duration: 01:31Published
Elon Musk defiantly defends himself in Tesla tweet trial [Video]

Elon Musk defiantly defends himself in Tesla tweet trial

Credit: FRANCE 24 English    Duration: 01:49Published
Elon Musk Testifies in Trial Over Tweets About Taking Tesla Private [Video]

Elon Musk Testifies in Trial Over Tweets About Taking Tesla Private

Elon Musk Testifies , in Trial Over Tweets , About Taking Tesla Private. On January 23, Tesla CEO Elon Musk took the witness stand in a trial to determine whether he intentionally mislead investors with an August 2018 tweet. . On January 23, Tesla CEO Elon Musk took the witness stand in a trial to determine whether he intentionally mislead investors with an August 2018 tweet. . The lawsuit made by Tesla investors claims that Musk's tweet stating that he had "secured" funding for taking Tesla private caused them to lose large sums of money. The lawsuit made by Tesla investors claims that Musk's tweet stating that he had "secured" funding for taking Tesla private caused them to lose large sums of money. The tweet has already been ruled as both false and reckless by U.S. Judge Edward Chen. . NBC reports that Musk believes he can convince the jury that he was unaware that the tweet was false when he sent it. . NBC reports that Musk believes he can convince the jury that he was unaware that the tweet was false when he sent it. . Musk has also suggested that movements in Tesla's stock price are not dictated by his personal tweets. Just because I tweet something does not mean people believe it or will act accordingly, Elon Musk, Tesla CEO, via NBC. According to Musk's attorney, Alex Spiro, the Tesla CEO was taking steps to finalize a deal with Saudi backers back in 2018 when he sent the tweet. . According to Musk's attorney, Alex Spiro, the Tesla CEO was taking steps to finalize a deal with Saudi backers back in 2018 when he sent the tweet. . Spiro suggests that Musk was trying to protect the "everyday shareholder" by sending the tweet, which may have contained some "technical inaccuracies.". Spiro suggests that Musk was trying to protect the "everyday shareholder" by sending the tweet, which may have contained some "technical inaccuracies.". Nicholas Porritt, a lawyer representing shareholders, argues that Musk was fully aware the deal with Saudi Arabia's public investment fund was not final at the time. . Nicholas Porritt, a lawyer representing shareholders, argues that Musk was fully aware the deal with Saudi Arabia's public investment fund was not final at the time.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Microsoft Announces Third Phase, Multibillion-Dollar Investment in OpenAI [Video]

Microsoft Announces Third Phase, Multibillion-Dollar Investment in OpenAI

Microsoft Announces , Third Phase of Multibillion-Dollar Investment , in OpenAI. Microsoft Announces , Third Phase of Multibillion-Dollar Investment , in OpenAI. The new phase of investment in the ChatGPT-maker was announced on Jan. 23. While Microsoft did not reveal the exact amount of the investment. ... CNBC reports that it could potentially reach $10 billion. Microsoft went public about its OpenAI investment in 2019, when the company became the exclusive cloud computing services provider. We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform, Satya Nadella, Microsoft CEO, via CNBC. According to AI researchers, OpenAI ranks among the top three AI labs in the world. The company's ChatGPT is a text generator that has gone viral since its release in Nov. . Modern AI systems work well for the specific problem on which they’ve been trained, Joint Press Release From July 2022, via CNBC. ... but getting AI systems to help address some of the hardest problems facing the world today will require generalization and deep mastery of multiple AI technologies, Joint Press Release From July 2022, via CNBC. OpenAI and Microsoft’s vision is for artificial general intelligence to work with people to help solve currently intractable multidisciplinary problems, Joint Press Release From July 2022, via CNBC. ... including global challenges such as climate change, more personalized healthcare and education, Joint Press Release From July 2022, via CNBC. We believe that the creation of beneficial AGI will be the most important technological development in human history, , OpenAI Press Release From July 2022, via CNBC. ... with the potential to shape the trajectory of humanity, OpenAI Press Release From July 2022, via CNBC. OpenAI's founding investors include Elon Musk and Sam Altman. . OpenAI's founding investors include Elon Musk and Sam Altman.

Credit: Wibbitz Top Stories    Duration: 01:31Published

Musk takes witness stand to defend Tesla buyout tweets in civil court case

Elon Musk has taken to the witness box to refute allegations that Tesla shareholders were defrauded out of billions of dollars by his tweets from 2018.
Sky News

Tesla, Inc. Tesla, Inc. American electric vehicle and clean energy company

Elon Musk's 'lies' about Tesla on Twitter cost investors millions, court told

Elon Musk "lied" when he claimed he had "secured" funding to take Tesla private, a lawyer for investors has told a court.
Sky News

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