NYSE:TWTR - New York Stock Exchange, Inc. - US90184L1026 - Common Stock - Currency: USD
Even as Elon Musk’s X Holdings Corp. basks in a valuation facelift, the social-media platform remains mired in debt and its improved fortunes owe much to heavily adjusted financials and investors’ fear of missing out.
Elon Musk may be on the verge of a Houdini-like escape from the financial morass that was his $US44 billion acquisition of Twitter.
First Tesla Inc. surged. Then SpaceX became the world’s most valuable tech startup and xAI nearly doubled its valuation before looking to do it again. Now, X is looking to join Elon Musk’s other companies in leveraging the billionaire’s unprecedented political power.
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X, Elon Musk’s social media company formerly known as Twitter, is in talks to raise money from investors at a $44 billion valuation, according to people familiar with the matter — the same price that Musk paid for the company in 2022.
Matthew Sigel, VanEck’s Head of Digital Assets Research, added a fresh twist to the Satoshi Nakamoto mystery saga on Tuesday, claiming that tech mogul Jack Dorsey is the elusive Bitcoin (CRYPTO: BTC) creator.
The source code for the new Department for Government Efficiency’s “official US government website” points to X as its primary source of authority while sharing links to the site sends users to x.com.
Musk cofounded OpenAI with Altman in 2015 as a nonprofit, but left before the company took off.
President Donald Trump’s lawsuit against the company formerly known as Twitter appears to be over. Trump sued the social media platform for banning him in
Some secondary buyers are inquiring about buying shares of X at $54.20 per share, marking an increase in interest in the company compared to last year.
Yoel Roth, former Twitter safety chief, now leads Match Group's AI initiative to curb harassment on dating apps, in a bid to retain users.
Yoel Roth, former Twitter safety chief, now leads Match Group's AI initiative to curb harassment on dating apps, in a bid to retain users.
Elon Musk's X has reportedly agreed to a $10 million settlement in Donald Trump's lawsuit over his Twitter ban, following a similar but larger $25 million settlement with Meta, while Google remains the next target for legal action.
The DOGE head has already donated heavily to help Trump.
The US Office of Personnel Management is telling federal workers to get in line—or get out.
If you follow fintech on X, it’s very likely that you have come across the account of Sheel Mohnot, co-founder and general partner of Better Tomorrow
President Donald Trump has ended a long-running legal fight over his banishment from the Twitter platform after the Jan. 6, 2021, riot at the US Capitol, according to a court filing.
The deal will allow lenders to exit one of the toughest merger-finance transactions in recent years.
Just a few months ago, Morgan Stanley was stuck with billions of dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter Inc. It took one election and a billionaire bromance to flip the script.
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Bluesky attracted many X users following the U.S. election in November. The decentralized social media platform has now grown to over 28 million users.
SEC: Late disclosure helped Musk buy Twitter shares at $150 million discount.
Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the company as he prepared a takeover bid, the US Securities and Exchange Commission claimed in a lawsuit filed days before the Trump administration takes over. Musk's lawyer, Alex Spiro, said Musk “has done nothing wrong and everyone sees this sham for what it is.” Meanwhile in Biden's final days in the office, Washington is planning to unveil more regulations aimed at keeping advanced chips made by STMC, Samsung and other producers from flowing to China. Today's guests: Michael Strobaek, Lombard Odier CIO; Toril Bosoni, IEA Head of Oil Industry & Markets; Ivana Bartoletti, Wipro Global Chief Privacy Officer (Source: Bloomberg)
The US Securities and Exchange Commission sued Tesla (TSLA) Chief Executive Elon Musk for allegedly
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The SEC accuses Elon Musk of delaying his Twitter stake disclosure, alleging unfair profits and raising market transparency concerns.
The U.S. Securities and Exchange Commission is suing Elon Musk for allegedly failing to properly disclose his purchase of Twitter shares before buying the company, currently known as X.
(Bloomberg) -- Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the company as he prepared a takeover bid, the US Securities and Exchange Commission claimed in a lawsuit filed days before the Trump administration takes over.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe agency’s complaint, which was
The Securities and Exchange Commission filed a lawsuit against Elon Musk on Tuesday over an alleged securities violation relating to his acquisition of
Elon Musk only disclosed his initial 9.2 percent stake in Twitter/X on the 04th of April 2022, 11 days after such a disclosure was due.
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares. Musk bought Twitter in October 2022 and later renamed it X.
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
(Bloomberg) -- The Securities and Exchange Commission sued Elon Musk, alleging that the billionaire waited to disclose his acquisition of Twitter Inc. shares in order to build his position at lower prices.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe agency claims in a complaint filed Tuesday in federal court in Washington, DC, that the billionaire deliberately ignored a
Financial regulator alleges Musk later acquired shares of company at ‘artificially low prices’, stiffing shareholders
Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter's common stock in March 2022. In a complaint filed in Washington, D.C., federal court, the SEC said the delay allowed Musk to continue buying Twitter shares at artificially low prices, allowing him to underpay by at least $150 million.
The SEC on Tuesday filed a suit against Elon Musk, alleging the billionaire violated securities law by acquiring Twitter shares at "artificially low prices."
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Musk purchased Twitter for $44 billion in 2022.