Elon Musk is officially trying — and here, ‘trying’ is a very important word — to break his $44 billion purchase agreement with Twitter. In a July 8th letter to the SEC, his representatives wrote, “Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement,” and “appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement.” As previously reported, Musk waived his rights to due diligence in his haste to consummate the Twitter deal, while also agreeing to pay a $1 billion penalty if he later backed out. He seems to have almost immediately regretted this, and very quickly began laying a legal groundwork to break the agreement without paying the fine....
The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant. Twitter’s board of directors initially accepted the $44 billion takeover bid at $54.20 per share in late April, and shareholder approval is the final hurdle to the deal going through bar any potentially erratic antics from Musk. According to a June 21 U.S. Securities and Exchange Commission (SEC) filing, Twitter’s board of directors unanimously determined that the “merger agreement is advisable” and have called on shareholders to vote in favor of the deal. The board stated that Twitter will be hosting a virtual meeting — at an unspecified date — to vote on the merger which has a deadline of Oct. 24. If the merger goes through, shareholders will receive $54.20 in ...
Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing thewoes of sudden unemployment. Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration, confusion and anger while others expressed gratitude, renewed vision and reflections. My heart is with those recently laid off. I too have been one of the lucky ones to be spared by massive layoffs on days where friends have been let go. This privileged situation has its own anxiety, displacement and upheaval. Sorry you’re going through this moment. — Matt Murray (@vintageneon) June 16, 2022 As...
Saucy Santana has once again found himself on the receiving end of the Beyhive’s wrath over his old tweets about Beyoncé and Blue Ivy. The gay rapper went on a Twitter tirade Friday ahead of his concert in Queen Bey’s hometown of Houston, Texas, lashing out because the singer’s fervent fanbase wouldn’t let him forget about his controversial tweets from 2014. (At the time, he called a then-2-year-old Blue Ivy “nappy headed” and claimed he was “prettier” than her famous mom. And though he’s since deleted all the offensive tweets from his timeline, screenshots have been making the rounds on the social platform.) “Fake woke a– bi—es!!!! People don’t care about old tweets,” Santana fired off. “The internet have this weird thing with power! Thinking they have the power to cancel someone… NEWS FL...