Elon Musk Says Twitter Deal ‘Cannot Move Forward’ Until It Proves Bot Numbers
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Elon Musk Says Twitter Deal ‘Cannot Move Forward’ Until It Proves Bot Numbers
Elon Musk Says
Twitter Deal , ‘Cannot Move Forward’, Until It Proves
Bot Numbers.
Elon Musk Says
Twitter Deal , ‘Cannot Move Forward’, Until It Proves
Bot Numbers.
'The Guardian' reports that Musk took to Twitter on May 17 to say that his deal to buy the company can't progress without proof that less than 5% of platform users are fake accounts.
'The Guardian' reports that Musk took to Twitter on May 17 to say that his deal to buy the company can't progress without proof that less than 5% of platform users are fake accounts.
'The Guardian' reports Twitter has filed new transaction details with the Securities and Exchange Commission (SEC) because it still wants to go through with the deal.
'The Guardian' reports Twitter has filed new transaction details with the Securities and Exchange Commission (SEC) because it still wants to go through with the deal.
Twitter is committed to
completing the transaction
on the agreed price and
terms as promptly
as practicable, Twitter, via statement, as reported
by 'The Guardian'.
Twitter CEO Parag Agrawal took to the platform on May 16 and issued a lengthy thread in an attempt to address Musk's concerns.
The hard challenge is that many accounts which look fake superficially are actually real people.
And some of the spam accounts which are actually the most dangerous – and cause the most harm to our users – can look totally legitimate on the surface, Parag Agrawal, Twitter CEO, via Twitter.
After explaining the problem "with the benefit or data, facts, and context," Musk replied with a poop emoji.
Musk's comments have only fueled speculation that he's either going to walk away from the deal or try to negotiate a new takeover agreement at a lower price.
'The Guardian' reports that on May 17, Twitter shares were at $37.39, well below Musk's bid to take over the company at $54.20 a share
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
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Australia's prime minister said Elon Musk is an "arrogant billionaire who thinks he is above the law" over his reluctance to remove footage of last week's Church.. Sky News
Former Twitter executives, including ex-CEO Parag Agrawal, have filed a lawsuit against tech mogul Elon Musk, seeking over $128 million in combined unpaid severance. The lawsuit, filed on Monday in federal court in San Francisco, is the latest in a string of legal challenges faced by Musk since he acquired the social media giant for $44 billion in October 2022, subsequently renaming it X.
#X #ParagAgrawal #ElonMusk #Twitter
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Trump’s Social Media Company , Sues Co-Founders.
Trump Media & Technology Group filed a
lawsuit against co-founders Wesley Moss and Andrew Litinsky on March 24, ABC News reports.
The suit came two days before shareholders approved a merger that allowed the
company to begin trading on the Nasdaq.
The lawsuit alleges that the two men
"failed spectacularly" to lead the company and made "reckless and wasteful decisions"
that resulted in "significant damage.".
Trump Media wants the co-founders to give up
their shares of the company, among other things. .
TMTG has been forced to file this action
to remedy the harm inflicted upon it by two
faithless fiduciaries and a company they own --
Wesley Moss, Andrew Litinsky, and
[United Atlantic Ventures] -- and to halt their
ongoing attempts to do even more damage, Via lawsuit.
Moss and Litinsky's company,
United Atlantic Ventures, owns 5.5%
of Trump Media, according to the SEC.
That amounts to 7,525,000 shares
which are worth about $388 million.
Donald Trump's stake in the company
is currently valued at over $4 billion.
Since going public last week,
the stock has been very volatile. .
At one time, shares peaked over $79.
On April 1, they plunged by 21%.
Shares recovered slightly on April 2
Credit: Wibbitz Top Stories Duration: 01:30Published
SEC Permitted to Sue Coinbase , for Offering Unregistered Securities.
U.S. District Judge Katherine Polk Failla
has ruled that the Securities and Exchange Commission's (SEC) lawsuit against Coinbase
can proceed, The Verge reports. .
The SEC has sufficiently pleaded
that Coinbase operates as an exchange,
as a broker, and as a clearing agency
under the federal securities laws, , U.S. District Judge Katherine Polk Failla, via ruling.
... and, through its Staking Program,
engages in the unregistered
offer and sale of securities, U.S. District Judge Katherine Polk Failla, via ruling.
The judge rejected arguments that existing laws are inadequate when it comes to crypto. .
The judge rejected arguments that existing laws are inadequate when it comes to crypto. .
The ‘crypto’ nomenclature may be
of recent vintage, but the challenged
transactions fall comfortably within the
framework that courts have used to identify
securities for nearly eighty years, U.S. District Judge Katherine Polk Failla, via ruling.
Coinbase chief legal officer Paul Grewal
took to X to respond to the ruling. .
Coinbase chief legal officer Paul Grewal
took to X to respond to the ruling. .
Early motions like ours
against a government agency
are almost always denied. , Paul Grewal, Coinbase chief legal officer, via X.
But clarity is the ultimate
goal and today’s decision
continues us on that path, Paul Grewal, Coinbase chief legal officer, via X.
Looking ahead, we remain confident
in our legal arguments, we look
forward to proving we’re right, , Paul Grewal, Coinbase chief legal officer, via X.
... we are eager for the opportunity to
take discovery from the SEC for the first
time, and we appreciate the Court’s
continued consideration of our case. , Paul Grewal, Coinbase chief legal officer, via X
Credit: Wibbitz Top Stories Duration: 01:31Published
SEC's New , Climate Disclosure Rules , Facing Multiple Lawsuits.
'Newsweek' reports that both industry and
environmental groups have legally challenged the
Securities and Exchange Commission over new rules. .
The new rules require some businesses to disclose
information about climate risks, including direct
greenhouse gas emissions and risks from extreme weather.
The SEC rules, which were approved on March 6 by a 3-2 vote,
also require companies to provide investors with context
on how those companies plan on managing those risks.
Some requirements were pared back prior to the rules
being approved. Those rules include reporting on Scope 3
emissions which relate to the company's supply chain.
In response to the new rules, two fossil fuel producing
companies filed lawsuits accusing the SEC of burdening
companies and exposing them to potential litigation.
19 state attorney generals have also
filed lawsuits claiming that the new rules
exceed the SEC's legal authority.
On the other side, environmental groups the Sierra Club
Foundation and Earthjustice announced their own lawsuits
accusing the SEC of watering down rules to protect investors.
Sierra Club has millions of members
and supporters who have investments
in the market. It's really critical that
we have access to information about
climate risks that may be faced
by the kinds of entities that
we would hope to invest in, Andres Restrepo, Sierra Club Senior Attorney, via Newsweek.
'Newsweek' reports that the SEC rules were
meant to take effect in 2026, however, the
legal challenges are likely to result in delays.
The new rules come as the U.S. Supreme Court
has indicated plans to restrict the regulatory
authority of environmental enforcement agencies.
Credit: Wibbitz Top Stories Duration: 01:31Published
Bitcoin Rallies, on Hopes of Renewed Interest , Among Mainstream Investors.
On March 4, the price of Bitcoin broke $65,000,
bringing it closer to returning to an all-time
high reached in November 2021.
NBC reports that the latest rally has been driven
by hopes that the launch of bitcoin exchange-
traded funds will expand bitcoin's pool of buyers. .
In 2024, the cryptocurrency has
gained over 48%, rapidly approaching its
record intra-day all-time high of over $68,000.
In January, Bitcoin ETFs were first approved by
the Securities and Exchange Commission (SEC). .
The SEC said the approval of the ETFs were meant
to make it easier for investors to gain exposure to
Bitcoin without having to actually own the digital coins.
NBC reports that the world of crypto is also banking
on a potential rally following a technical event
known as "halving" scheduled to occur in April.
This event will see the rate of supply for new bitcoin
to decline, which could cause the value of the
cryptocurrency to increase if demand remains unchanged.
Some mainstream investment experts have
still urged caution when it comes to investing
in the controversial cryptocurrency.
With equities, you own a share
of a company that produces goods
or services, and many also pay
dividends. With bonds, you get
a stream of interest payments, Vanguard statement, via NBC.
Commodities are real assets that meet
consumption needs, have inflation-
hedging properties, and can play
a role in certain portfolios, Vanguard statement, via NBC.
While crypto has been classified
as a commodity, it’s an immature
asset class that has little history,
no inherent economic value,
no cash flow, and can create
havoc within a portfolio, Vanguard statement, via NBC
Credit: Wibbitz Top Stories Duration: 01:32Published
Elon Musk Faces SEC Investigation , and Lawsuit by Twitter Investors , for Delayed Disclosure.
On May 25, Twitter investors filed a lawsuit
against Elon Musk for delaying
the disclosure of his stake..
Credit: Wibbitz Top Stories Duration: 01:31Published
Former Twitter CEO Jack Dorsey has stepped down from the Twitter board. Dorsey resigned as the Twitter CEO in November 2021.
#JackDorsey #Twitter #ParagAgrawal #ElonMusk
Elon Musk Says He
'Will Vote Republican,' , Can 'No Longer Support' Democrats.
Musk made the statements via Twitter on May 18.
In the past I voted Democrat, because they were (mostly) the kindness..
Credit: Wibbitz Top Stories Duration: 01:30Published
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