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Elon Musk’s legal:

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    BILLIONAIRE Elon Musk is toying with the idea of launching his own social network once again after rustling feathers at Twitter. The world's richest man sent shockwaves through the platform by suggesting a site called X.com could be on the cards. 1Could Musk really launch is own social network instead?Credit: Twitter It comes as Musk, 51, faces a fiery legal battle against Twitter for dramatically pulling out of a $44billion buyout. The SpaceX and Tesla founder simply responded, "X.com" when asked by another user whether he would consider launching his own social network if he's not forced to go ahead with the Twitter deal. At the moment, the website displays nothing but a single 'x'. The tease came after it was revealed that Musk had sold 7.92million Tesla shares worth $6.9billion in case he's forced to buy Twitter. Read more about Elon MuskONE SMALL STEP Musk's SpaceX launches 1st Moon mission in major step for lunar base plans X.com was actually an online bank Musk co-founded back in 1999 before it was merged with a similar service to become PayPal. But Musk...
    Tesla and SpaceX CEO Elon Musk has been approached by one unnamed network and two unnamed cable channels to air his proposed debate against Twitter chairman Parag Agrawal, after Musk dropped his bid to buy Twitter, sources tell DailyMail.com. Musk tweeted at Agrawal on Saturday, challenging him to a public debate 'about the Twitter bot percentage.' Musk wrote in a now-deleted tweet he wants Agrawal to 'prove to the public that Twitter has But Twitter has also requested information from Musk's adviser, Morgan Stanley.  More subpoenas for the companies Tesla and SpaceX have also been requested to turn over information about the deal, along with conversational exchanges with their boss, according to Bloomberg.  Bret Taylor, Twitter's chairman, tweeted the board was 'committed to closing the transaction' under the current terms of the deal and they were 'confident' they would win.  In May, the crypto-currency exchange Binance put $500 million towards the Tesla CEO's $7.1 billion buyout of Twitter. Twitter further subpoenaed Binance to learn more about the investment, according to the report. Twitter has also requested information on investors Chamath Palihapitiya, David...
    New York (CNN Business)Elon Musk's legal team on Friday made public its official response to Twitter's lawsuit attempting to force him to complete their $44 billion acquisition deal. In the answer to Twitter's complaint, which includes counter-claims against the company, Musk's team attempts to refute the company's allegations that the Tesla CEO is unjustly trying to exit the deal. His team repeats allegations that Twitter has misstated the number of fake and spam bot accounts on its platform — a central charge Musk has made to justify terminating the acquisition agreement after originally citing a desire to "defeat the spam bots" as a reason for buying the company. Musk's response, which was filed publicly on Friday, states that the billionaire's team conducted an analysis of fake and spam accounts on the platform using data provided by Twitter's "firehose" of tweets and a public tool called Botometer created by researchers at the University of Indiana. It did not further detail the process of that evaluation and added that its analysis was "constrained" by a lack of time and information from Twitter....
    Twitter’s lawyers assailed Elon Musk in a new court filing on Thursday, claiming that the billionaire is trying to extricate himself from his $44 billion acquisition agreement because “the stock market—and along with it, his massive personal wealth”—have declined in value. The attorneys rebuffed the notion that Musk had somehow been “hoodwinked” into agreeing to buy the company, noting that he is a “billionaire founder of multiple companies” and has been “advised by Wall Street bankers and lawyers.” The filing, made in the Delaware Court of Chancery, was submitted in reply to a separate brief Musk had filed late last month. Strangely, Musk’s own filing has not yet been made public, due to possible redactions that still need to occur. That has given Twitter the opportunity to forcefully advance its narrative. “The Counterclaims are a made–for–litigation tale that is contradicted by the evidence and common sense,” Twitter’s filing said, of Musk’s allegations. “Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations.” One...
    By Jennifer Korn and Clare Duffy | CNN Twitter has subpoenaed a number of Elon Musk’s associates, according to court filings and public statements, as the company moves forward with its legal fight against the Tesla billionaire over his attempt to terminate their $44 billion acquisition deal. The list of those who have received subpoenas includes several prominent investment firms and venture capitalists, some of whom are part of the so-called PayPal mafia, a group of influential figures in the tech industry who worked at the payment company cofounded by Musk. According to a court filing, Twitter sent a subpoena to Founders Fund, a San Francisco-based VC firm established by Peter Thiel, the controversial billionaire who was also a cofounder at PayPal. Twitter is also said to have sent subpoenas to investors Joe Lonsdale and David Sacks, according to tweets from both individuals. Lonsdale, a cofounder of Palantir and former PayPal employee, claimed in a tweet this week that his subpoena is part of a “giant harassing fishing expedition.” Sacks, a former PayPal exec and founder of Yammer, responded to...
    New York (CNN Business)Twitter has subpoenaed a number of Elon Musk's associates, according to court filings and public statements, as the company moves forward with its legal fight against the Tesla billionaire over his attempt to terminate their $44 billion acquisition deal.The list of those who have received subpoenas includes several prominent investment firms and venture capitalists, some of whom are part of the so-called PayPal mafia, a group of influential figures in the tech industry who worked at the payment company cofounded by Musk.Judge orders October trial for lawsuit between Elon Musk and TwitterAccording to a court filing, Twitter sent a subpoena to Founders Fund, a San Francisco-based VC firm established by Peter Thiel, the controversial billionaire who was also a cofounder at PayPal. Twitter is also said to have sent subpoenas to investors Joe Lonsdale and David Sacks, according to tweets from both individuals. Lonsdale, a cofounder of Palantir and former PayPal employee, claimed in a tweet this week that his subpoena is part of a "giant harassing fishing expedition." Sacks, a former PayPal exec and founder of...
    (CNN) — Twitter’s lawsuit against Elon Musk over his move to terminate their $44 billion acquisition agreement will go to trial on Oct. 17 and run for five days, a Delaware judge has ruled. Judge Kathaleen St. Jude McCormick, who is overseeing the case, issued the order for the trial dates late Thursday. After McCormick previously ruled in Twitter’s favor that the proceedings could be expedited and take place in October, the two sides continued wrangling over the precise start date, with Twitter pushing for it to begin on Oct. 10. Musk’s legal team had initially asked for the trial to take place in 2023. Twitter’s legal team argued it was necessary to expedite the case in order to limit the “harm” to its business and to ensure the deal can be completed before Oct. 24, the “drop dead” date by which the two sides had previously agreed to close the deal. Twitter filed a lawsuit against Musk earlier this month in the Delaware Court of Chancery in an effort to force the billionaire Tesla CEO to follow through with...
    New York (CNN Business)Twitter has set a date for its shareholders to vote to approve its $44 billion acquisition deal by Elon Musk, despite the company's ongoing legal battle with the billionaire Tesla CEO over the deal.The company on Tuesday sent shareholders a letter saying it would hold a virtual special meeting on September 13 to vote on the merger agreement, according to a regulatory filing. The announcement comes as the legal fight between Twitter (TWTR) and Musk over the deal revs up. Musk earlier this month moved to terminate his agreement to buy Twitter, accusing the company of breaching the deal by making misleading statements about the number of bot accounts on its platform and withholding information that he claims could help him evaluate the issue. Days later, Twitter filed a lawsuit against the billionaire, asking a court to compel him to follow through with the deal. A judge last week ruled that the case should go to a five-day trial in October.The Musk suit aside, the shareholder vote is one of the few remaining official steps needed to...
    ELON Musk has pulled his $44billion dollar bid out from under Twitter but may be forced to see the deal through by a Delaware judge. Legal experts believe that the court is likely to rule in the company's favor - and Musk could face huge penalties, have his Tesla stock seized, or even be jailed if he fails to comply. 2Musk made an unsolicited bid to buy Twitter for $44billion in April 2022Credit: AP:Associated Press 2Twitter's shareholders accepted the terms of the deal but Musk has since tried to back outCredit: AFP - Getty Court filings reveal Twitter's executives and legal team believe Musk "knowingly, intentionally, willfully, and materially breached" their $44billion dollar agreement. Musk's legal team argued in a letter that Twitter failed to meet its "contractual obligations" to provide Musk with a complete picture of spam accounts on the site. And legal experts say the billionaire's argument is on shaky grounds - after all, Musk once pledged to "defeat the spam bots or die trying!" in a tweet. An epic legal showdown will unfold in the Delaware Chancery...
    Elon Musk has poked fun at shirtless pictures of him flaunting his bare chest while partying on a yacht in Mykonos – tweeting ‘free the nip!’  The world’s richest man was snapped looking very pale enjoying a drink on the boat just off the Greek island on Sunday. The Space X founder, 51, was trying to catch some rays to get some color in his bleached skin ahead of his legal showdown with Twitter later today. Tesla CEO Musk assured his investors that he was ‘already back in the factory’, after replying to a post on social media calling him a ‘smart’ investor. An investor posted a picture of the Tesla CEO, writing: 'F*** yea I got my $ behind this man. So so many other smart investors.' Posting on Twitter, hours before the company take him to court over backing out of his $44billion takeover, Musk replied: ‘Haha damn, maybe I should take off my shirt more often … free the nip!! (already back in the factory btw).’ Musk, 51, mocked the pictures of himself after they were posted...
    The first hearing for Twitter's lawsuit against Elon Musk has been set. Kathaleen McCormick, the Delaware Court of Chancery ambassador, set a 90-minute hearing on Tuesday to hear arguments regarding a September trial for Twitter's lawsuit against Musk for terminating his merger agreement, according to documents reviewed by Reuters. "In April 2022, Elon Musk entered into a binding merger agreement with Twitter, promising to use his best efforts to get the deal done," the lawsuit reads. "Now, less than three months later, Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests." TWITTER SUES ELON MUSK TO STICK WITH $44 BILLION ACQUISITION Twitter filed its lawsuit against Musk on Tuesday, in which it alleged that Musk attempted to get out of his offer to pay $44 billion for the company due to the declining price of Tesla's stock. The social platform's legal team also noted that Musk had regularly disparaged the company and its staff on Twitter, making it appear that he did...
    As its ongoing legal battle with Tesla CEO Elon Musk heats up, social media giant Twitter faced a major outage this morning that brought the platform down for users around the world. The Verge reports that social media giant Twitter was offline for around 40 minutes today beginning at around 8:05 a.m. ET, with many users receiving an “over capacity” error message and some pages saying “this page is down.” Twitter CEO Parag Agrawal (Google Cloud/YouTube) Downdetector received thousands of reports of problems with Twitter, but Twitter’s own status page proclaims that all of its systems were “operational.” The main Twitter.com domain appeared to load correctly but many users were unable to log into the service or access tweets. At around 8:40 a.m., the platform appeared to regain normal function with many able to tweet and access the site again. At 9:10 a.m. The company tweeted that it was working on fixing the issue. Some of you are having issues accessing Twitter and we’re working to get it back up and running for everyone. Thanks for sticking with us. —...
    Twitter's legal complaint accusing Elon Musk of violating his $44 billion takeover agreement includes an unusual exhibit: a tweet from the billionaire containing the poop emoji. The lawsuit filed on Tuesday in Delaware cites Musk's May 16 tweet, among others, as evidence that he publicly disparaged Twitter, in violation of the merger agreement, before he backed out of the deal entirely. Musk's tweet with the smiling poop emoji came in response to Twitter CEO Parag Agrawal, who had sent several tweets explaining the company's procedures to combat spam and fake accounts, a battle Agrawal described as 'dynamic.' Last week, Musk said he was terminating the buyout deal over concerns about bots and fake accounts, and he responded to the lawsuit with a tweet explaining that his use of the colorful emoji was shorthand for 'BS', a common abbreviation for 'bulls**t.' Now Twitter is seeking a court judgement to force Musk to buy the company at $54.20 per share, as he agreed in the April 25 merger deal -- and many legal and financial experts believe the social media platform has...
    Tesla and SpaceX CEO Elon Musk has spent the past few months battling with Twitter in a botched attempt to acquire the company, all while his other businesses including Tesla and SpaceX are suffering setbacks. Breitbart News recently reported that former President Donald Trump referred to Tesla CEO Elon Musk as a “bullshit artist” at his Alaska rally. After Musk pulled out of his deal to buy Twitter and also his recent claims of voting for a Republican for the first time, Trump said, “He’s got himself a mess, you know, he said the other day, ‘I’ve never voted for a Republican.’ I said I didn’t know that. He told me he voted for me. So he’s another bullshit artist but he’s not going to be buying it, although he might later. Who the hell knows what’s going to happen? He’s got a pretty rotten contract. I looked at his contract, not a good contract. Sign up for Truth. We love Truth.”  (Drew Angerer/Getty Images) Elon Musk and Cybertruck (Ringo H.W. Chiu/AP) Twitter has filed a lawsuit against Musk over his decision to pull...
    Twitter has slammed Elon Musk's attempts to ditch his $44bn takeover of the social media giant - saying that his justifications are 'invalid and wrongful'. The Tesla billionaire has said he wants to terminate the deal which he struck in late April because the company has allegedly drastically underestimated the amount of bot accounts which exist on the platform. The company's lawyers Wachtell, Lipton, Rosen & Katz has hit back at Musk's claims saying that 'Mr. Musk's and the other Musk Parties' purported termination is invalid and wrongful, and it constitutes a repudiation of their obligations under the Agreement [to buy the company]. A letter sent to Securities and Exchange Commission on Sunday said that Twitter had stuck to their part of the deal and 'has not suffered and is not likely to suffer a Company Material Adverse Effect'. The Tesla billionaire has said he wants to terminate the deal which he struck in late April because the company has allegedly drastically underestimated the amount of bot accounts The letter comes at the start of an expected protracted legal battle...
    New York (CNN Business)Elon Musk wants to cancel his deal to buy Twitter, but the social media company is having none of it. On Friday, Musk moved to terminate the $44-billion acquisition agreement, alleging that Twitter breached the deal by failing to hand over data he says he needs to evaluate the number of bots and spam accounts on the platform. Twitter's legal representatives hit back in a letter to Musk's lawyers Sunday, calling the billionaire's claims "invalid" and demanding that Musk follow through with the takeover."Mr. Musk's and the other Musk Parties' purported termination is invalid and wrongful, and it constitutes a repudiation of their obligations under the Agreement," reads the letter, which was signed William Savit, a lawyer at Wachtell, Rosen, Lipton and Katz, which is representing Twitter in the dispute. The letter was disclosed in a regulatory filing Monday. Musk has for weeks expressed concerns, without any apparent evidence, that there are a greater number of bots and spam accounts on the platform than Twitter has said publicly. In his Friday letter, his lawyer alleged that Twitter...
    NEW YORK -- Shares of Twitter slid more than 9% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.Twitter is now preparing to sue Musk in Delaware where the company is incorporated. While the outcome is uncertain, both sides are preparing for a long court battle.Musk alleged Friday that Twitter has failed to provide enough information about the number of fake accounts on its service. However, Twitter said last month that it was making available to Musk a " fire hose " of raw data on hundreds of millions of daily tweets when he raised the issue again after announcing that he would buy the social media platform.Twitter has said for years in regulatory filings that it believes about 5% of the accounts on the platform are fake. But on Monday Musk continued to taunt the company, using Twitter, over what he has described as a lack of data. In addition, Musk...
    Twitter has reportedly hired merger law experts Wachtell, Lipton, Rosen & Katz LLP as it plans to sue Tesla CEO Elon Musk over his decision to drop his $44 billion takeover of the company. Bloomberg reports that Twitter has hired merger law experts Wachtell, Lipton, Rosen & Katz LLP as it prepares for a legal battle with Tesla CEO Elon Musk, who recently pulled out of a $44 billion acquisition deal of the social media platform. Twitter CEO Parag Agrawal (Google Cloud/YouTube) Elon Musk (Win McNamee/Getty Images; BNN) According to sources close to the situation, Twitter aims to file a lawsuit against Musk as early as this week. Twitter’s decision to hire Wachtell appears to be a calculated one, as the move gives them access to lawyers including Bill Savitt and Leo Strine, who served as Chancellor of the Delaware Chancery Court where the case could be heard. Musk has reportedly hired Quinn Emanuel Urquhart & Sullivan LLP as his legal representation in the matter. The firm previously led a successful defense against a defamation claim in 2019 and is representing Musk...
    ELON Musk may have to pay billions in damages after walking away from his deal to buy Twitter, according to legal experts. The Tesla mogul, 51, appeared to pull the plug on the $44billion takeover on July 8. 4Elon Musk may have to pay billions in damages after walking away from his $44bn takeover of TwitterCredit: Getty 4Twitter bosses are planning to take legal actionCredit: Getty Musk’s lawyers claimed Twitter bosses had failed or refused to respond to several requests for information on the number of fake bots on the social media site. A filing filed by Musk’s team has accused the social networking giant of being in “material breach” of the agreement. Musk is also walking away amid reports that Twitter fired one-third of its talent acquisition team, according to Reuters. A senior M&A lawyer told CNBC that Musk could have to pay billions of damages – on top of the $1billion break-up fee that was agreed. read more on elon muskMEME MACHINE Elon Musk lashes out at Twitter with viral meme as Silicon Valley feud eruptsTWIT CHAT Elon...
    Sipa/AP Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.After agreeing to buy Twitter for $44 billion, Elon Musk has decided that the deal is off. But his attempt to break this agreement has roiled the tech company and set up a future riddled with legal headaches and uncertainty. The mood inside Twitter is grim, as the Washington Post reported Saturday:  After weeks of threats, employees have largely been bracing themselves for Musk to formally attempt to walk. “This has been the direction of travel for a while,” said one employee, who spoke on the condition of anonymity to candidly discuss the situation within the company. “There’s been a general lack of belief that the deal would go through as signed.” But its arrival only exasperated many workers, who say negotiations with Musk have brought intense scrutiny to Twitter. Any stock downturn would affect employee compensation, adding to the dismay of workers who have largely bristled at the prospect of the world’s richest man taking over their company. Since Musk announced his takeover,...
    Donald Trump has gloated about Elon Musk ending his efforts to buy Twitter, writing: 'THE TWITTER DEAL IS DEAD, LONG LIVE THE “TRUTH”.' The former president shared his thoughts on his own rival social network Truth Social Friday evening, shortly after it emerged that Musk, 51, had withdrawn a $44 billion bid. Trump's post was liked close to 37,000 times, and shared more than 9,000 times on Truth, where Trump has 3.5 million followers. He set up the Twitter look-a-like after being banned by former Twitter CEO Jack Dorsey in January 2020, days after the Capitol riots.  Truth Social boasts an estimated two million active users, compared to the 300 million who've signed up to Twitter.  On Friday Musk, who is the world's richest man, announced he was ending his bid to buy Twitter at $54.20-a-share, prompting a furious response from the firm's bosses, who say they'll sue to force through the deal.  Musk accused Twitter bosses of refusing to hand over details about the number of fake users on its site, in a letter announcing that he was reneging...
    Twitter's lawyers are telling employees to remain silent about Elon Musk pulling the plug on his $44 billion acquisition of the social media giant.  The billionaire blasted the social media giant for refusing to 'comply with its contractual obligations' throughout the acquisition process. But Twitter immediately hit back, with its chairman revealing the firm planned to force through the blockbuster takeover through the courts. The company's chairman Bret Taylor tweeted: 'The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.' Amir Shevat, whose Twitter bio says he works on the company's developer products, made a joke about Musk promising 'exceptional' employees could work from hom Jared Manfredi, whose profile says he works on iOS products at Twitter, gave his two cents on Musk pulling the plug That message was retweeted by Twitter CEO Parag Agrawal. That appears to be the only public statement that the company will be making...
    \u201cThe Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.\u201d — Bret Taylor (@Bret Taylor) 1657317108 Musk had previously said that he planned to purchase the social media platform and transform it into a place where people could engage in free speech within the confines of the law. Many conservatives have become fed up with Twitter's censorship of certain types of speech, such as speech that deviates from the dogmas of radical leftist gender ideology or that questions the mainstream narrative on COVID-19 vaccines.
    Elon Musk has dramatically announced that he is pulling the plug on his $44 billion acquisition of Twitter. The world's wealthiest man had earlier stalled on the deal after claiming that he wanted his team to do 'due-diligence' over the amount of fake accounts on the social media giant. In a letter dropping the bombshell, Musk's legal team said that Twitter were in material breach of multiple provisions of the agreement.  One section of the letter reads: 'Twitter has not complied with its contractual obligations. For nearly two months, Mr. Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform.'  Musk's legal team also accuses Twitter of ignoring and rejecting requests to data regarding fake accounts.   On the day of the announcement, Twitter's shares were down nearly five percent.    In June, Twitter's board voted unanimously to accept Musk's offer.  The news comes days after Musk confirmed that he secretly fathered twins with Neuralink director of operations, Shivon Zilis.  In a letter dropping the bombshell, Musk's legal...
    Elon Musk is taking his longest break from Twitter in almost five years as he deals with a range of problems at his companies, including legal woes, financial obstacles and employee strife, along with 'personal issues.' The billionaire, who is in the process of acquiring Twitter for $44 billion and tweets frequently about everything from politics and business to fertility and cheese, last posted the evening of June 21 in response to a tweet about SpaceX and its dealings with the FCC.  The Tesla and SpaceX CEO is also facing the fallout from his daughter, Vivian Jenna Wilson - who was recently granted permission to change her name from Xavier Alexander Musk - saying she no longer wants to be related to her biological father 'in any way.' Scroll down for video  Prolific tweeter Elon Musk has taken a long break from Twitter. Pictured above is his last tweet from June 21  Wilson, 18, adopted her mother Justine's maiden name as part of her transitioning process.  Musk, who has fathered a total of eight children, has not commented publicly on the...
    LOS ANGELES (AP) — A California judge has approved a request by Tesla CEO Elon Musk’s adult daughter to change her name and gender on her birth certificate. Vivian Jenna Wilson filed the petition in Los Angeles County Superior Court the day after turning 18 in April. She listed gender identity and an apparent dislike of her father, as the reason for the change. “I no longer live with or wish to be related to my biological father in any way, shape or form,” she wrote on the petition. Judge Rafael Ongkeko approved the petition Wednesday in the Santa Monica courthouse after no one objected to the change. A hearing that had been scheduled for Friday was canceled. The court order said a new birth certificate would be issued reflecting the change. Vivian will now legally use the last name of her mother, Canadian author Justine Wilson, who was married to Musk from 2000 to 2008. The couple had five children, the oldest of which died as an infant. Vivian has a twin brother. Musk has...
    Elon Musk’s son — who now identifies as a transgender woman — is reportedly changing his full name and legal gender identity, stating that he no longer wants “to be related to my biological father in any way, shape or form.” TMZ reports that one of Elon Musk’s children, Xavier Musk, has filed legal documents to change his full legal name. Xavier reportedly identifies as transgender and, having turned 18 in April, will be changing his full name to Vivian Jenna Wilson. Elon Musk watches SpaceX launch (Joe Raedle /Getty) In the legal docs, Xavier says that he wants to be recognized as female, but the name change appears to have been largely influenced by a desire to distance himself from his father, Elon Musk. Xavier stated in the legal documents the reason for changing his name was related to: “Gender Identity and the fact that I no longer live with or wish to be related to my biological father in any way, shape or form.” Neither Musk nor Xavier have previously said anything publicly about their relationship or Xavier’s decision...
    Elon Musk was in Brazil on Friday to meet President Jair Bolsonaro and discuss improving internet connectivity in the Amazon - the day after it emerged Musk's SpaceX company paid a $250,000 settlement to silence an employee who accused the billionaire of sexual harassment. Musk described the allegations, which date back to a 2016 encounter on board a SpaceX corporate jet, as 'despicable' and something that 'should be viewed through a political lens'. On Friday, he launched a search for 'hardcore streetfighters' to join a legal team he was building, to combat the allegations against him. 'Tesla is building a hardcore litigation department where we directly initiate & execute lawsuits,' he tweeted.  'The team will report directly to me. Please send 3 to 5 bullet points describing evidence of exceptional ability.' He added: 'There will be blood.' As the wild drama continued in the United States, Musk was in Sao Paulo, welcomed by the controversial Brazilian president, who is facing a strong challenge ahead of October's election. Elon Musk is seen on Friday in Sao Paulo, meeting Brazil's president, Jair...
    SAN FRANCISCO — A federal judge in California dismissed a securities fraud and defamation lawsuit filed by a Tesla investor against CEO Elon Musk, one of Musk’s a supporters and Tesla. In an order filed Thursday, Judge James Donato threw out the lawsuit by the investor, Aaron Greenspan, who runs a legal document website. Donato wrote that the lawsuit had failed to make plausible legal claims. Donato had previously dismissed the case in June, but he offered Greenspan the opportunity to file another complaint on federal legal issues. The judge wrote that claims such as defamation that were made under California law would be taken up later as warranted. In Thursday’s order, Donato dismissed all of Greenspan’s case, which was originally filed in 2020. Related Articles Business | Elon Musk praised by President Bolsonaro in surprise trip to Brazil Business | Elon Musk accused of sexual harassment Business | Elon Musk proves once again that the rules don’t apply to him Business | Elon Musk loses $12 billion in a day as...
    Elon Musk says Twitter's legal team called him out after he revealed the company's process for checking fake accounts. On Friday, the Tesla founder said the company used a sample size of 100 to determine that five percent of its accounts are either fake, spam or duplicates. The social media giant did not take the disclosure well, Musk said.   'Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100! This actually happened,' he tweeted on Saturday. Musk has made eliminating bot accounts, which promote a particular product or point of view incessantly using similar messages across various profiles, a cornerstone of his pending $44 billion takeover. The South African-born mogul threw a wrench into the acquisition on Friday, when he said he wanted to pause the deal to verify that fake or spam accounts represented fewer than five percent of the company's 229 million users during the first quarter. Banned Twitter user Donald Trump, meanwhile, speculated that the deal won't go through because of Musk's concern about the bots at...
    DETROIT (AP) — Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week. READ MORE: Michigan Gas Prices Rising, Hitting Record High In DetroitAlong with malaise in the broader markets, investors have had to weigh legal troubles for Musk, as well as the possibility that his acquisition of Twitter could be a distraction from running the world’s most valuable automaker. The Wall Street Journal reported Wednesday that U.S. securities regulators are investigating Musk’s tardy disclosure that he had bought more than 5% of Twitter shares. Musk now owns more than 9% of the San Francisco company. The SEC wouldn’t comment, and a message was...
    DETROIT (AP) — Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week. Along with malaise in the broader markets, investors have had to weigh legal troubles for Musk, as well as the possibility that his acquisition of Twitter could be a distraction from running the world’s most valuable automaker. The Wall Street Journal reported Wednesday that U.S. securities regulators are investigating Musk’s tardy disclosure that he had bought more than 5% of Twitter shares. Musk now owns more than 9% of the San Francisco company. The SEC wouldn’t comment, and a message was left for Musk’s lawyer. A lawsuit filed last...
    Elon Musk has warned that Twitter's board of directors will face 'titanic' legal liability if they go against the interests of shareholders in rejecting his $43 billion hostile takeover. Twitter's board met for several hours on Thursday afternoon to discuss Musk's offer, and are reportedly considering several options to block the bid. A formal response is could take several days. Responding to reports that the board is mulling a 'poison pill' plan that would prevent him from increasing his stake in Twitter, Musk tweeted: 'If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.'  'The liability they would thereby assume would be titanic in scale,' he added, apparently referring to potential shareholder lawsuits. Twitter CEO Parag Agrawal, who also holds a board seat, insisted that the company was not being 'held hostage' by Musk as he sought to reassure panicked employees at an all-hands meeting on Thursday. Elon Musk has warned that Twitter's board of directors will face 'titanic' legal liability if they go against the interests of shareholders in rejecting his...
    The defamation trial between Johnny Depp and Amber Heard slated to begin next month in Virginia includes a number of notable names slated to testify, including James Franco, Elon Musk and Ellen Barkin. Heard, 35, has listed Franco, 43, and Musk, 50, as witnesses in the case, in connection with Depp's accusations she cheated on him with both men during the time they were married, TMZ reported on Saturday, noting that both were slated to appear via video link. Heard has also included actress Barkin, 67, on her list of witnesses, in addition to representatives for companies such as Disney, Warner Bros., the ACLU, WME and the Los Angeles Police Department, the outlet reported. The latest: The defamation trial between Johnny Depp, 58, and Amber Heard, 35, slated to begin next month in Virginia includes a number of notable names slated to testify, including James Franco, 43, Elon Musk, 50, and Ellen Barkin, 67 Depp, 58, has called for actor Paul Bettany, 50, to testify in connection with text messages he had previously exchanged with Depp; the texts were previously read...
    Tesla and its Chief Executive Elon Musk has accused regulators of trying to 'chill' his free speech. Musk has accued the U.S. Securities and Exchange Commission (SEC) of harassing Tesla with an 'endless' and 'unrelenting' investigation to punish Musk for being an outspoken critic of the government, on Thursday. The accusation came in a letter to U.S. District Judge Alison Nathan in Manhattan, who presided over a 2018 SEC settlement stemming from Musk's tweet about a potential buyout of Tesla. 'Mr. Musk and Tesla respectfully seek a course correction,' wrote Alex Spiro, a lawyer for Musk and Tesla. 'Enough is enough.' The SEC declined to comment. Lawyers for Elon Musk sent a letter to a federal judge in Manhattan accusing the SEC of harassing him with investigations and subpoenas over his Twitter posts The letter from attorney Alex Spiro accuses the SEC of trying to 'muzzle' Musk, largely because he's an outspoken government critic Thursday's letter escalates Musk's battle with regulators as they scrutinize his social media posts and Tesla's treatment of workers, including accusations of discrimination. It followed Tesla's disclosure...
    Jeff Bezos, left, and Elon MuskGetty Images; Reuters Elon Musk fired his latest shot across the bow at Jeff Bezos on Wednesday, as the two billionaire founders' companies spar in front of federal regulators over satellite internet. After Amazon asked the Federal Communications Commission to dismiss SpaceX's latest amendment to its Starlink satellite network, Musk emphasized his company's response that Bezos is exceptionally litigious. "Filing legal actions against SpaceX is *actually* his full-time job," Musk wrote in a tweet. Amazon did not immediately respond to CNBC's request for comment. SpaceX on Aug. 19 filed a Starlink amendment with the FCC, outlining its plan for the Gen2 version of its satellite network. Starlink is the company's capital-intensive project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the planet. While the Starlink service is still in beta, the company has over 100,000 users in 14 countries so far, with over half a million orders or refundable deposits placed by potential customers. SpaceX has launched 1,740 Starlink satellites...
    If something was missing to rekindle the fire in the legal conflict between Apple and Epic Games, it was the opinion of Elon musk. Tesla CEO shocked the world this Friday criticizing the commission that Apple applies to transactions made through the App Store. “Apple’s App Store fees are a de facto global tax on the Internet. Epic is right“He published his almost 59 million followers on Twitter. The public response was immediate. At the time of writing this article, Elon Musk’s tweet already has more than 120 thousand” Likes “, about 10 were shared. a thousand times, between quotes and retweets, and has more than 8 thousand responses. Apple app store fees are a de facto global tax on the Internet. Epic is right. – Elon Musk (@elonmusk) July 30, 2021 For now it is unknown what has caused this publication by the employerBut your activity on Twitter never goes unnoticed and has an immediate impact, both on your own business and on that of others. Apple has not made any public statement on the subject, at least for...
    ELON Musk's tweet declaring "I support crypto" has helped Bitcoin stabilize at $37,600 after the Tesla chief tanked its price weeks ago. In the latest twist, the tech billionaire shared his support for cryptocurrencies over legal tender. 4Thumbs-up for crypto from Elon MuskCredit: Getty Musk was asked by fan @TheRealShifo on Twitter: "Yo, Elon, what do you think about the peeps who are angry at you because of crypto?" The Tesla boss replied to 'Shifo': "The true battle is between fiat & crypto. On balance, I support the latter." The question followed news that Bitcoin, the world's biggest and best-known cryptocurrency, is down 48 per cent from the year's high of $64,895.22 on April 14. Bitcoin has been under pressure after a series of tweets last week by billionaire Tesla CEO and cryptocurrency backer Musk - chiefly his reversal on Tesla accepting Bitcoin as payment. Also, on Friday China cracked down on mining and trading of the largest cryptocurrency as part of ongoing efforts to prevent speculative and financial risks. Over the weekend Bitcoin stabilized at $37,600 before dipping again...
    The cheeky name Elon Musk gave his flamethrower hasn’t convinced cops that it’s not dangerous. The fire-shooting torches that Musk’s Boring Company sold as a lucrative publicity stunt have created legal headaches around the world for people who bought them, a new report says. The billionaire Tesla chief’s tunneling startup marketed its propane-powered flamethrower as “Not A Flamethrower” — a name Musk said was meant to head off potential problems with customs officials. The Boring Company’s limited supply of 20,000 flamethrowers quickly sold out as Musk’s fans eagerly snapped up the rifle-shaped devices for $500 apiece. But the sarcastic branding didn’t appear to amuse authorities who have seized hundreds of the dangerous devices, slapped their owners with fines and thrown at least one person in jail, TechCrunch reported Tuesday. European officials have cracked down especially hard on the “Spaceballs”-inspired fire-shooters — officials in Switzerland confiscated them from as many as 1,000 people who were also fined, while British police went after a Manchester YouTuber who featured one in a video, according to the outlet. Operation Viper, a London police squad...
    More On: elon musk Capitalists in space Tesla files petition over speed-display concern raised by auto safety regulators Feds request Tesla to recall 158,000 cars over display failure concerns Mixed ‘Signals’: Musk’s tweet sends wrong company’s stock soaring The cheeky name Elon Musk gave his flamethrower hasn’t convinced cops that it’s not dangerous. The fire-shooting torches that Musk’s Boring Company sold as a lucrative publicity stunt have created legal headaches around the world for people who bought them, a new report says. The billionaire Tesla chief’s tunneling startup marketed its propane-powered flamethrower as “Not A Flamethrower” — a name Musk said was meant to head off potential problems with customs officials. The Boring Company’s limited supply of 20,000 flamethrowers quickly sold out as Musk’s fans eagerly snapped up the rifle-shaped devices for $500 apiece. But the sarcastic branding didn’t appear to amuse authorities who have seized hundreds of the dangerous devices, slapped their owners with fines and thrown at least one person in jail, TechCrunch reported Tuesday. European officials have cracked down especially hard on the “Spaceballs”-inspired fire-shooters —...
    These college coaches are working to drive voter turnout among athletes This Is How Every Swing State Is Expected to Vote Tesla paid CEO Elon Musk $3 million to provide indemnity for directors and officers against legal claims Tesla CEO Elon Musk personally offered up to $100 million in indemnity coverage for officers and directors of the company. In exchange, Tesla paid Musk $3 million, a filing revealed on Monday. The highly unusual arrangement could have created conflicts of interest, as the board is supposed to oversee the CEO. © Provided by CNBC Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Tesla paid CEO Elon Musk $3 million personally for 90 days worth of an important type of business insurance that indemnifies directors and officers of the company from certain legal expenses, a new filing revealed Wednesday. Tesla has also ended that controversial arrangement, and obtained a more traditional form of this insurance, the filing said....
    Elon Musk and Grimes’ newborn baby’s legal name was revealed after TMZ obtained the birth certificate. The legal name is listed as X AE A-XII Musk, according to the report published by the outlet Tuesday. The legal name is slightly different, but still just as wild as the original, X Æ A-12. pic.twitter.com/chk0Scuixp — Elon Musk (@elonmusk) May 5, 2020 Even though we have a legal name now, we still haven’t really figured out exactly how to pronounce the whole name. Grimes has revealed that part of the name is pronounced “Ex – Eye.” It’s unclear how the “A-12” portion of the name is supposed to be pronounced. (RELATED: Elon Musk And Grimes Still Haven’t Agreed On How To Pronounce Baby Name X Æ A-12) Grimes revealed the new family refers to the newborn by the nickname “Little X,” according to an interview with Bloomberg. Grimes has shared what each part of the name was inspired by on her social media. •X, the unknown variable ⚔️ •Æ, my elven spelling of Ai (love &/or Artificial intelligence) •A-12 = precursor...
    The official legal name of Grimes and Elon Musk's newborn son has been revealed. The couple left fans stunned last month when they announced they chose to name their first child together X Æ A-12. The unique moniker went viral, leading fans to question how it would be pronounced and if it was legal. Thanks to the unveiling of the little one's birth certificate per TMZ, the singer and Tesla founder's son's name is officially on record in the state of California as X AE A-XII Musk. GRIMES OFFERS PRONUNCIATION OF SON'S NAME DIFFERENT FROM BOYFRIEND ELON MUSK'S Grimes and Elon Musk attend "Heavenly Bodies: Fashion & the Catholic Imagination", the 2018 Costume Institute Benefit at Metropolitan Museum of Art on May 7, 2018 in New York City. (Getty) Grimes and Musk have kept fans updated about the status of their son's name with fans through social media. In late May, Grimes admitted the couple made a change to their child's name, given that it reportedly wouldn't be accepted legally in the state of California because it included the number 12. "X Æ A-Xii,” Grimes...
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