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“Elon Musk pledges more equity to fund Twitter deal” Elon Musk on Wednesday pledged an additional $6.25 billion in equity financing to fund the $44 billion offer for Twitter, reducing the billionaire’s margin loan against his Tesla shares to zero. The disclosure made in a regulatory filing on Wednesday signaled Musk is working to complete the deal even though he had last week linked its…
“NFT auctions from Beeple, Madonna flop amid crypto crash” The once-sizzling market for NFTs has become a spectacular bust, as high-profile auctions increasingly flop and investors who plunked down millions for bizarre digital artworks now struggle to unload them at a tiny fraction of what they paid. Last spring, the little-known crypto artist Beeple sold…
” Jack Dorsey’s Block hits $1.3B in Q1 profits, $43M in BTC trading revenue “ Block, the pro-Bitcoin (BTC) umbrella company that hosts Cash App, Square and Afterpay, continues its growth in 2022. According to its Shareholder letter, in the first quarter of 2022, gross profits are “up 34% year over year.” In total, the…
“Jack Dorsey not interested in being Twitter CEO again” Jack Dorsey is shutting the door on the possibility that he will return as CEO of Twitter once Tesla boss Elon Musk completes his $44 billion takeover. “Nah, I’ll never be CEO again,” Dorsey tweeted on Wednesday in response to a comment from YouTuber Charles Wieand,…
“Twitter ‘needs cover’ from Elon Musk amid overhaul: Jack Dorsey” Twitter’s co-founder ex-CEO Jack Dorsey touted Elon Musk’s move to take the social media firm private – arguing his billionaire buddy will provide much needed “cover” for the company as it pursues a necessary overhaul. Dorsey concurred with a take from tech investor Ben Horowitz,…
“Saudi billionaire changes tune, says Elon Musk ‘excellent’ for Twitter” The Saudi prince who initially rejected Elon Musk’s takeover bid of Twitter now says he welcomes the move after joining a group of billionaire investors in helping the Tesla boss secure funding for the $44 billion transaction. Prince Alwaleed bin Talal bin Abdulaziz Al-Saud tweeted…
“Twitter staffers ahead of Elon Musk takeover: ‘Why bother?’” Twitter executives met with employees on Wednesday to address worker apathy as a $44 billion takeover by Elon Musk puts the social-media giant in line for a major overhaul. Jay Sullivan, Twitter’s product vice president, convened the meeting under the title “Why Bother?” as he urged…
“Elon Musk secures $7.14B from Larry Ellison, others to buy Twitter” Elon Musk has secured $7.14 billion in funding from a coterie of investors including Oracle’s co-founder Larry Ellison to fund his $44 billion purchase of Twitter. Musk, the world’s richest person with a net worth valued by Forbes at $265.4 billion, also received equity…
“Elon Musk ‘vehemently’ opposed Twitter’s Trump ban: report” Elon Musk “vehemently” opposed Twitter’s decision to ban former President Donald Trump, saying the social-media giant was wrong for “censoring … a sitting president,” according to a report. Jared Birchall, Musk’s top assistant who has been described as the “point man” for the Tesla CEO’s $44 billion…
“Jack Dorsey set for $978M payday from Elon Musk Twitter buy” Jack Dorsey, the co-founder of Twitter who stepped down as CEO last year, stands to pocket $978 million once Tesla CEO Elon Musk completes his $44 billion takeover of the social media platform. Parag Agrawal, the current chief executive of the San Francisco-based tech…