SpaceX fires at least 5 for criticizing founder Elon Musk, sources say

At least five employees were fired by private rocket company SpaceX after drafting and circulating an open letter criticizing founder Elon Musk and calling on executives at the start-up to change the company’s work culture to make it more inclusive, according to two people familiar with the matter. SpaceX did not immediately respond to a Reuters request for comment. The New York Times reported earlier on Thursday that SpaceX had fired employees associated with the letter, citing three employees with knowledge of the situation. It had not detailed the number…

Musk to hold first meeting with Twitter staff this week

Elon Musk will speak to Twitter employees on Thursday for the first time since launching his $44bn (£36.2bn) bid for the company in April. The multi-billionaire Tesla boss is expected to take questions from Twitter’s workers at the meeting. Mr. Musk has warned he may quit the deal if the firm fails to provide data about fake accounts on the platform. The event was announced by Twitter’s chief executive Parag Agrawal in an email to staff on Monday. Mr. Agrawal told employees they could submit questions to Mr. Musk in…

Elon Musk puts Twitter deal ‘on hold’ over spam bot data — but he’s ‘still committed’

Elon Musk said Friday that his planned US$44-billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform, adding later that he’s “still committed” to the acquisition. Musk, who has been vocal about his desire to clean up Twitter’s problem with “spam bots” that mimic real people, appeared to question whether the company was underreporting them. In a tweet, the Tesla billionaire linked to a Reuters story from May 2 citing a financial filing from Twitter that estimated false or spam…

Law firm says staff can work from home – for 20% less pay

A London law firm has offered staff the option to work from home permanently, but the convenience comes at a price. The firm, Stephenson Harwood, said it would allow staff to work remotely but pay them 20% less than their current salary. Since the start of the pandemic a debate has raged over who gains and who loses when staff work from home. Employees save time and money, but employers can save too, on office space and costs. Some argue workers are less productive when unsupervised at home. Others say…

Elon Musk’s Twitter: Current CEO Parag Agarwal’s leave in 12 months, then the company will have to pay such a huge amount

Elon Musk’s Twitter According to research firm Equilar, Twitter Inc Chief Executive Officer Parag Agarwal would get about $42 million or Rs 3.2 billion if the holiday happens within 12 months of a change of control at the top level at the social media company. Expansion Elon Musk’s Twitter The sale of Twitter, which had been going on for several days, finally came to an end on Monday and the microblogging platform has now become the richest person in the world. Yes, Elon Musk has bought it for $ 44…

Twitter board meets Musk to discuss bid, reports say

Twitter board meets Elon Musk over the weekend to explore his $43bn (£33.6bn) takeover offer for the social media platform. After the Tesla boss first revealed his bid, Twitter’s management announced a so-called “poison pill” strategy to fend off a potential hostile buyout. Mr Musk plans to finance his bid with the backing of US lender Morgan Stanley and other financial institutions. A spokesperson for Twitter declined to comment on the reports. Details of how Mr Musk intended to finance his offer, which were disclosed to US regulators on Thursday,…

US judge rejects gag order for Elon Musk over 2018 tweets about Tesla

A federal judge in California has rejected a request from shareholders in a lawsuit to force Elon Musk stop talking about his 2018 tweets in which he said he had the funding to make Tesla a private company. The ruling by U.S. District Judge Edward Chen Wednesday came just hours after the Tesla CEO’s lawyer filed a document in the case saying that a gag order would trample on Musk’s free speech rights. Lawyers for the shareholders have argued that Musk is trying to influence potential jurors before the lawsuit…

Elon Musk will not be joining Twitter board, CEO Parag Agrawal says

Tesla and SpaceX boss Elon Musk had bought a 9.2 percent stake in the microblogging social media platform, which was revealed via an SEC filing last week. In a significant reversal, Tesla and SpaceX CEO Elon Musk won’t be joining Twitter’s board, the social media platform’s CEO Parag Agrawal said in a Tweet on Monday. Musk, who owns 9.2 percent in the company, as per an SEC filing earlier this month, was supposed to join the Board on April 9, officially, but the technopreneur told Agrawal that he won’t be…

Elon Musk reveals 9.2% stake in Twitter, shares surge 26%

Twitter shares soared 26 per cent in premarket trading after the filing, which comes close on the heels of Elon Musk tweeting that he was giving “serious thought” to building a new social media platform. Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc , a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging site. Twitter shares soared 26% in pre-market trading after the filing, which comes close on the heels of Musk tweeting that he was giving…

HDFC Bank, HDFC Ltd announce merger | What this means for customers, shareholders

With the merger of HDFC ltd with HDFC Bank, HDFC Bank will be able to offer more competitive housing products, according to the BSE filing by HDFC. HDFC Bank, India’s largest private lender, will merge with the country’s largest housing finance company, Housing Development Finance Corporation or HDFC Ltd to create a financial services conglomerate, the companies said on Monday. “The resulting larger balance sheet would allow underwriting of large ticket infrastructure loans, accelerate the pace of credit growth in the economy, boost affordable housing and increase the quantum of…