Twitter, one of the world’s largest social networking companies, has reportedly hired the law firm Wachtell, Lipton, Rosen & Katz to sue billionaire Elon Musk after he pulled out of the $44-billion acquisition deal on Friday. The CEO of Tesla said that the company failed to provide information about fake accounts on the platform. In response, the company said it would sue to complete the deal. In response, Musk posted a meme on Twitter in which he details the events involving the deal in a lighthearted manner and what is likely to happen. pic.twitter.com/JcLMee61wj — Elon Musk (@elonmusk) July 11, 2022 According to Reuters, Wachtell, Lipton, Rosen & Katz was one of the legal advisers for Musk’s plan to take Tesla private in 2018. The Chairman of the Twitter Board ...
Twitter, one of the world’s largest social networking companies, has reportedly hired the law firm Wachtell, Lipton, Rosen & Katz to sue billionaire Elon Musk after he pulled out of the $44-billion acquisition deal on Friday. The CEO of Tesla said that the company failed to provide information about fake accounts on the platform. In response, the company said it would sue to complete the deal. In response, Musk posted a meme on Twitter in which he details the events involving the deal in a lighthearted manner and what is likely to happen. pic.twitter.com/JcLMee61wj — Elon Musk (@elonmusk) July 11, 2022 According to Reuters, Wachtell, Lipton, Rosen & Katz was one of the legal advisers for Musk’s plan to take Tesla private in 2018. The Chairman of the Twitter Board ...
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Image sourced from CNBC /* custom css */ .tdi_3_960.td-a-rec-img{ text-align: left; }.tdi_3_960.td-a-rec-img img{ margin: 0 auto 0 0; } Elon Musk has revealed that Tesla will no longer accept Bitcoin as a form of payment for vehicles – news that has caused the price of the cryptocurrency to crash as much as 15%. “Tesla has suspended vehicle purchases using Bitcoin,” writes Musk, “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emission of any fuel.” “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.” Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021 Musk goes on to say that “Tesl...
Image sourced from CNBC Telsa CEO, Elon Musk has confirmed that the electric car company will now accept Bitcoin as a form of payment – news that has caused the price of Bitcoin to rise 5%. In a tweet, Musk says “You can now buy a Tesla with Bitcoin” and then goes on to reveal that Tesla is only using internal and open-source software and operates Bitcoin nodes directly. And that Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. You can now buy a Tesla with Bitcoin — Elon Musk (@elonmusk) March 24, 2021 According to Simon Peters, crypto analyst at eToro, the decision for Tesla to accept Bitcoin as a form of payment “will likely build more momentum for the cryptoasset“. /* custom css */ .tdi_3_65b.td-a-rec-img{ text-align: left; }.tdi_3_65b.td-a-rec-img...
Image sourced from Hypebeast Elon Musk is making headlines after causing the price of Dogecoin to surge to an all-time high. On Sunday, the tech entrepreneur tweeted “Who let the Doge out”, resulting in a 53% rise over the last 24 hours. Dogecoin’s record value is now 8.2 cents with a market value of $10 billion – making it the 8th biggest cryptocurrency, according to Bloomberg. 🎶 Who let the Doge out 🎶 — Elon Musk (@elonmusk) February 7, 2021 Dogecoin was introduced in 2013 as a joke. Initially, founders Jackson Palmer and Billy Markus wanted to satirize the growth of altcoins by turning the doge internet meme into a cryptocurrency. /* custom css */ .tdi_3_667.td-a-rec-img{ text-align: left; }.tdi_3_667.td-a-rec-img img{ margin: 0 auto 0 0; } Their joke quickly grew in pop...