Is Phony Stark aka Elon Musk Finally Dropping Twitter Bid?
HipHopWired Featured Video Source: The Washington Post / Getty It’s becoming more apparent that billionaire Elon Musk is preparing to drop his attempt to buy Twitter after he sent a letter asserting that he has the right not to purchase the platform. On Monday (June 6th), the legal firm representing the Tesla and SpaceX founder and CEO sent a letter to Vijaya Gadde, the general counsel of Twitter. “Based on Twitter’s behavior to date, and the company’s latest correspondence, in particular, Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement,” the letter says. “This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights result...
Is Phony Stark aka Elon Musk Finally Dropping Twitter Bid?
HipHopWired Featured Video Source: The Washington Post / Getty It’s becoming more apparent that billionaire Elon Musk is preparing to drop his attempt to buy Twitter after he sent a letter asserting that he has the right not to purchase the platform. On Monday (June 6th), the legal firm representing the Tesla and SpaceX founder and CEO sent a letter to Vijaya Gadde, the general counsel of Twitter. “Based on Twitter’s behavior to date, and the company’s latest correspondence, in particular, Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement,” the letter says. “This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights result...
Elon Musk Says Twitter ‘Actively Resisting’ Terms of Merger Deal, Threatens Termination
In a letter sent to Twitter Monday morning, an attorney for Elon Musk wrote that the company “is actively resisting and thwarting his information rights” in regards to a dispute over spam accounts, and threatened to terminate the deal. The letter, sent by a lawyer for Skadden, Arps, Slate, Meager & Flom, follows a weeks-long back and forth between Musk and the company regarding how many active users of the service are real people, as opposed to bots or spam accounts. Musk, who declined due diligence early in the process, has since requested further data from the company, and also tweeted that the deal was “on hold,” although behind the scenes work appears to have continued since then. The letter says that the company sent over information to...
Report: WhatsApp is Working on an Edit Message Button
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Twitter Shareholder Sues Elon Musk for Share Price ‘Manipulation’
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Crypto spam increases 4000% in two years: LunarCrush
Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way. Crypto intelligence provider LunarCrush has revealed spam in the cryptosphere has increased by an astonishing 3,894%. The firm has been collecting crypto-specific social data since 2019, and says not only is spam at an all-time high, it’s also “the fastest growing metric on social media.” The findings were published in a May 25 report, stating that “more spam accounts than you would think are actually people.” For this reason, it is often a challenge for software to detect and flag spam. Spam Volume collected by LunarCrush over the previous 2 years Twitter is the social media platform of choice for the crypto industry...
Twitter Plans On Enforcing Merger After Elon Musk Threatened To Flake On The Acquisition
HipHopWired Featured Video Source: Matt Cardy / Getty Friday (May 13), Elon Musk threatened to back out of the $44 billion acquisition of Twitter “until CEO Parag Agrawal publicly proves that less than 5% of users are bots or spam accounts.” The social media platform and one Bloomberg financial opinion writer call C A P. Tuesday (May.17), Twitter’s board made it abundantly clear to Elon Musk that it intends to go through with the deal and plans to “close the transaction and enforce the merger agreement,” the New York Times reports. Related Stories “The board and Mr. Musk agreed to a transaction at $54.20 per share,” Twitter’s board expressed in a statement shared by The New York Times. “We believe this agreement is in the best interest of all shareholders. We intend to close the transactio...
Poor Elon Musk aka Phony Stark Looks To Drop Twitter Bid, Critics Call Cap
HipHopWired Featured Video Source: Anadolu Agency / Getty Billionaire investor and entrepreneur Elon Musk is apparently seeking to drop his highly publicized bid to take over Twitter, but critics are poking holes in his reasoning for doing so. According to reports, Musk has stated that he cannot move forward with his $44 billion offer to purchase the wildly influential social media platform Twitter “unless the social media giant can prove bots make up fewer than 5% of its users,” which he has claimed was one of the reasons he sought to purchase the platform in the first place. In a response to a filing from Twitter Inc. with the SEC that spambots represent less than 5% of Twitter users, Musk clarified his position on Twitter, writing: “My offer was based on Twitter’s SEC filings being accu...
Why decentralized messaging apps will replace today’s social media platforms
The Russian government has cracked down on foreign social media platforms such as Instagram, Facebook and Twitter, banning them for extremist activists. For protestors, activists and local civilians, these actions have resulted in a significant barrier to communication with the outside world. Furthermore, they have also raised the question of just how easy of a target these apps are for state authorities. With citizens unable to access these platforms, they have little choice but to flee to the next-best still active platforms. However, it isn’t just Russian activists who have taken to alternatives. Consider, for example, Telegram, a cloud-based instant messaging service that has quickly become a place for sharing war footage and other content that may have otherwise been blocked on ...
Pump Fake: Elon Musk Puts Twitter Acquisition On Temporary Hold, Snoop Dogg Wants In
HipHopWired Featured Video Source: SOPA Images / Getty Elon Musk made waves in the tech world with the chatter surrounding his apparent takeover of the sprawling Twitter universe. Now, the billionaire businessman is putting the acquisition of the company on hold via a cryptic tweet that leaves room for various interpretations but a certain legendary rapper may prove to be a foil. On Friday (May 13), Musk wrote, “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users” in a quote tweet featuring a story from Reuters regarding spam and fake accounts. Later in the thread of tweets, Musk added, “still committed to acquisition.” Related Stories As part of his pledge to get rid of the bots on Twitter, Musk then wro...
Kid Cudi Hints At Releasing New Music On Twitter
HipHopWired Featured Video Source: Ray Tamarra / Getty Kid Cudi has been highly active lately on various fronts, but it has been a minute since he’s released his own music. One moment on his social media account, however, suggests that could soon change. The “Day And Night” rapper stoked the interest of his fans on Twitter on Wednesday (May 11th) as he dropped a video clip. The eleven-second clip is from 2019, and it shows Cudi nodding his head along to a track. The caption to the tweet asks the question: “Should I drop this?” The snippet of music is one of a bunch that Cudi has on his social media profiles, but this new tweet could be the artist testing the waters. The immediate response from those viewing the tweet was all in favor of him releasing the full track. Kid Cudi hasn’t been la...
Three Kenyan Firms Listed Among 100 Top Tech Pioneers
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