Elon Musk

Twitter Moves To Sue Musk For Terminating Proposed Takeover

July 12, 2022 5:31 am

Twitter on Monday demanded that Elon Musk goes back to complete a proposed $44 billion takeover of the social media company, lambasting the Tesla chief’s withdrawal of his offer as ‘invalid and wrongful.’

Twitter’s preparation to sue Musk was predicated on his move to terminate his $44 billion acquisition of the social media company.

According to reports from Financial Times, the San Francisco company is preparing to file its lawsuit with the Delaware Court of Chancery against Musk early this week.

Africa Daily News, New York recalls that Musk had on Friday that he intended to end his initial deal …

Musk Finally Subpoenas Twitter Whistleblower In Sales Battle

Elon Musk Announces Plans To Retrench Staff At Tesla

June 4, 2022 9:12 am

Elon Musk who is the Tesla CEO has ordered a pause in hiring in all Tesla factories worldwide, as he also planned to do away with about 10% of the salaried staff.

A message sent to executives on Thursday laid out his concerns, his “super bad feeling” about the economy.

The dire outlook came two days after the billionaire told staff to return to the workplace or leave and adds to a growing chorus of warnings from business leaders about the risks of recession.

Tesla shares fell 9% in U.S. trade on Friday after the Reuters report.

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U.S. Stock Market In The Middle Of Another Tech Bubble

July 25, 2020 1:23 pm

Elon Musk’s been in the headlines for the last few days. The brilliant founder of Tesla and SpaceX has just overtaken Warren Buffett in the ranking of the richest men on the planet. The incredible success of Tesla on the stock market for almost a year is not unrelated to this.

This phenomenon goes far beyond Elon Musk and Tesla.

All the founders of Tech companies are seeing their fortunes explode at the moment. Founder of Amazon, Jeff Bezos is now at the head of a fortune that exceeds 180 billion dollars.
On July 20, 2020, alone, Jeff Bezos saw …

NASA, SpaceX Counting Down Days To First Human Launch

May 2, 2020 12:20 pm

While SpaceX founder Elon Musk is facing blistering criticism for calling stay-at-home orders “fascist”, officials representing his space company and NASA are trying to allay coronavirus fears. They said Friday that in the run-up to a historic space launch slated for May 27, they are employing additional safety measures to keep their two astronauts, mission control crews and the spacecraft virus free.

This revelation comes despite Musk’s repeated statements and tweets railing against county authorities in California in the United States after authorities there extended stay-at-home orders to fight the COVID-19 pandemic through May 31.

Starting late Tuesday night, Musk,

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Tech Guru, Elon Musk Says Facebook Is ‘Lame’

February 10, 2020 11:55 pm

Engineer and technology entrepreneur Elon Musk has taken another swipe at a social networking service company, Facebook, calling it ‘lame.’

Musk was reacting to a Twitter post by actor Sacha Baron Cohen who is calling for Facebook to be regulated by the government over its content.

In the post, Baron Cohen, who’s a vocal critic of social media platforms, including Twitter and Google video platform YouTube, wrote: ‘We don’t let 1 person control the water for 2.5 billion people. We don’t let 1 person control electricity for 2.5 billion people. Why do we let 1 man control the information seen …