Elon Musk Successfully Purchases Twitter for $44 Billion
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Elon Musk Successfully Purchases Twitter for $44 Billion
Elon Musk, Successfully Purchases Twitter, for $44 Billion.
NBC reports that Twitter has officially accepted
billionaire Elon Musk's $44 billion offer to buy
the social media company and take it private.
.
NBC reports that Twitter has officially accepted
billionaire Elon Musk's $44 billion offer to buy
the social media company and take it private.
.
The announcement was made on April 25.
.
In response, the stock was halted
until the news broke but was up
over 6% once trading resumed.
.
Free speech is the bedrock of a functioning
democracy, and Twitter is the digital
town square where matters vital to the
future of humanity are debated, Elon Musk, Press release, via NBC.
Free speech is the bedrock of a functioning
democracy, and Twitter is the digital
town square where matters vital to the
future of humanity are debated, Elon Musk, Press release, via NBC.
I also want to make Twitter better than ever
by enhancing the product with new features,
making the algorithms open source to
increase trust, defeating the spam bots,
and authenticating all humans, Elon Musk, Press release, via NBC.
Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it, Elon Musk, Press release, via NBC.
According to the new agreement,
Twitter stockholders will receive $54.20
in cash for each share of Twitter common stock.
The purchase price reportedly
represents a 38% premium to Twitter's
closing stock price on April 1.
.
NBC reports that was the last
trading day before Musk revealed
his approximate 9% stake in Twitter.
.
The Twitter Board conducted
a thoughtful and comprehensive process
to assess Elon’s proposal with a deliberate
focus on value, certainty, and financing.
, Bret Taylor, Twitter’s Independent Board Chair, via NBC.
The Twitter Board conducted
a thoughtful and comprehensive process
to assess Elon’s proposal with a deliberate
focus on value, certainty, and financing.
, Bret Taylor, Twitter’s Independent Board Chair, via NBC.
The proposed transaction will deliver
a substantial cash premium, and we
believe it is the best path forward
for Twitter’s stockholders, Bret Taylor, Twitter’s Independent Board Chair, via NBC
Elon Musk , Loses Appeal of , 'Twitter Sitter' Provision .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
NBC reports that the SEC requirement
would require a lawyer to review
the Tesla CEO's social media posts. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC deemed the tweets
"materially false and misleading,"
and in clear violation of securities laws.
At the time, Musk agreed to settle the issue
with the SEC, which included his signing off
on the so-called "Twitter sitter" provision.
NBC reports that Musk has since said
the restrictions are unconstitutional and that
he was coerced into signing the SEC agreement.
According to court papers, lawyers
representing Musk have accused the SEC
of waging an "ongoing campaign" against Musk.
Musk's legal team claim the provision , "restricts Mr. Musk’s speech even
when truthful and accurate.".
It extends to speech not
covered by the securities laws
and with no relation to the conduct
underlying the SEC’s civil action, Elon Musk legal team, via NBC.
In response, the SEC said in court papers
that Musk waived his right to appeal
when he signed off on the settlement.
Credit: Wibbitz Top Stories Duration: 01:31Published
Musk is viewed in China as a favourable contrast to the stern statements from US officials, particularly during the recent visit by US Secretary of State Antony Blinken.
Credit: euronews (in English) Duration: 00:50Published
Elon Musk found himself in the crosshairs of controversy once again as he clashed with Australian authorities over content censorship on his platform, X. The dispute stemmed from a court order instructing X to remove video posts depicting a violent incident involving an Assyrian bishop. Musk, known for his outspoken nature, accused Australian leaders of attempting to stifle internet freedom, drawing condemnation from lawmakers.
#ElonMusk #AnthonyAlbanese #ElonMuskVsAustralia #XStabbingPosts #PostCensorship #Australia #SenatorTargeted #XDispute #SydneyChurchStabbing #CensorshipBattle #GunLawsDebate #InternetFreedom #ContentRegulation #LegalChallenge
~PR.152~ED.101~GR.122~
Walmart Reverses Course, , Closes Down Its , Walmart Health Division.
NBC reports that Walmart has announced
it will close all 52 of the doctor-staffed
health clinics the company operates.
The announcement comes as
part of the company's decision to
shut down its Walmart Health Initiative.
Clinics that will close down are located in
Arkansas, Florida, Georgia, Illinois and Texas. .
On April 30, the company also said it would
begin winding down its virtual care service.
The decision to end the Walmart Health Initiative
will not reportedly impact Walmart
pharmacies and vision centers.
Walmart said that it will work to direct current patients
to other providers covered by their insurance
networks to ensure they continue to receive care.
NBC reports that the news comes as a swift
reversal of Walmart's plan to expand its number
of doctor-staffed clinics to 70 by the end of 2024.
Through our experience managing
Walmart Health centers and
Walmart Health Virtual Care,
we determined there is
not a sustainable business
model for us to continue, Walmart statement, via NBC.
Other nontraditional health care
providers have also been forced to
reconsider their plans in recent years. .
Last month, Walgreens announced that it would
close 140 of the company's primary care clinics,
along with plans to shut down 20 more.
Credit: Wibbitz Top Stories Duration: 01:30Published
Law Enforcement Hiring , Increased in 2023 , Following Years of Decline.
NBC reports that police departments in the United States
have seen their first increase in ranks, changing course
on a historic exodus of officers in recent years.
According to a recent survey,
2023 saw more officers sworn in
than any of the previous four years. .
At the same time, the survey by the Police Executive
Research Forum (PERF) also found that fewer law
enforcement officers resigned or retired in 2023. .
Law enforcement numbers had been declining following
the COVID pandemic and nationwide protests against
police brutality following the death of George Floyd. .
Law enforcement numbers had been declining following
the COVID pandemic and nationwide protests against
police brutality following the death of George Floyd. .
I just think that the past four
years have been particularly
challenging for American policing.
And our survey shows we’re
finally starting to turn a corner, Chuck Wexler, Executive director of PERF, via NBC.
NBC reports that declining numbers left
many police departments with a shortage of
officers, which resulted in slower response times.
Chuck Wexler, executive director of PERF, warns that many police departments are still struggling to recruit and retain officers.
According to Wexler, law enforcement , "isn't out of the woods yet.".
At least a dozen smaller police departments in
the nation have been forced to disband, leaving those
municipalities reliant upon state or county police forces.
NBC reports that in addition to increased pay and
benefits, many police departments have chosen to
change application requirements to increase hiring
Credit: Wibbitz Top Stories Duration: 01:31Published
'Law & Order: Organized Crime' is coming back! But it's moving from NBC to Peacock. Sources tell The Hollywood Reporter that Peacock is putting the finishing touches on a deal that would see the series starring Christopher Meloni move from NBC to the streaming service for a fifth season consisting of 10 episodes. Reps for Peacock, NBC, producers Universal Television and executive producer Dick Wolf declined to comment as a deal has yet to officially close.
Credit: The Hollywood Reporter Duration: 01:17Published
Sabrina Impacciatore of 'The White Lotus' and Domhnall Gleeson from 'Star Wars: The Rise of Skywalker' have been cast in the new take on the beloved NBC Steve Carell-led comedy 'The Office.'
Credit: The Hollywood Reporter Duration: 01:08Published
Former US President Donald Trump marked his return on social media by posting a message on his Truth Social App. He posted a brief message late on Thursday for the first time since the app he..
Musk Plans To , Slash Twitter
Board Salaries,
Monetize Tweets, Sources Say.
Reuters reports that Elon Musk made the assertions
in an effort to secure funding from lenders...
... as part of his $44..
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Sells $8.5 Billion , Worth of Tesla Shares.
Elon Musk Sells $8.5 Billion , Worth of Tesla Shares.
CNN reports that three days
after Twitter agreed to sell
the company to Musk, he sold
a..
Credit: Wibbitz Top Stories Duration: 01:30Published
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