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…

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,…

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 will not join Twitter board, says CEO Parag Agrawal

Parag Agrawal now says Elon Musk will not be a part of Twitter ‘s board but will play a key role in building the company. HIGHLIGHTS Elon Musk will not be a part of Twitter’s board. Musk is still the biggest shareholder in Twitter. Musk purchased a 9.2 percent stake in Twitter. Last week, Twitter’s CEO announced that billionaire Elon Musk would be a part of Twitter’s board. Just a week since then, Parag Agrawal now says Musk doesn’t want to be a part of Twitter‘s board but will still…

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…