Elon Musk

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New Ford Ad Doesn't Mention Musk, but It Doesn't Have To

Spot mocks loudmouths who want to 'fly away on their personal spaceships'

(Newser) - Ford is out with a new TV spot that Advertising Age says "appears to be a subtle shot" at Elon Musk in the auto wars. That might be understating things. While the ad does not mention Musk by name, the implication is clear and full of snark. “Right...

Musk Pulls In $7B for Twitter From Silicon Valley Bigwigs

$1B of investor backing is coming from Oracle co-founder Larry Ellison, per SEC filing

(Newser) - Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter, with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison. Other investors include Sequoia Capital Fund, which pledged $800 million, and Vy Capital, which...

Jeff Bezos' Bank Account Had a Very Bad Day

Stock slide shrinks founder's personal wealth by $18B

(Newser) - It took a single day for the effects of Amazon's quarterly loss to be brought home to Jeff Bezos. The company's founder fell Friday to No. 3 on the list of the world's richest people, after Amazon reported Thursday that it had lost $3.8 billion in...

Report: Musk Told Banks He Would Cut Jobs, Pay at Twitter

Sources say he also discussed plans to boost revenue

(Newser) - Elon Musk has said he wants to buy Twitter to preserve free speech—but in talks with banks to secure funding for the deal, he made it clear that he plans to make it a profitable crusade. Sources tell Bloomberg that Musk told bankers he would focus on the company'...

Musk Loses Bid to End Restrictions on His Tweets

Judge says Tesla CEO can't back out of 2018 agreement with regulators

(Newser) - Elon Musk has vowed to make Twitter "an inclusive arena for free speech" if his deal to buy the company goes through—but his own tweets will remain restricted. A federal judge in New York has rejected Musk's bid to end an agreement with the Securities and Exchange...

Despite Agreement, Musk Answers Tweets About Staff

Billionaire seems to approve of comments about his future employees

(Newser) - On Tuesday, Elon Musk agreed to all 95 pages of an agreement spelling out the terms of his purchase of Twitte r. By Wednesday, he appeared to be no longer in compliance. A couple of tweets from commentators critical of his future employees drew agreeing responses from the billionaire, the...

Tesla Shares Sank Tuesday, and the Questions Began

The big one: If share value keeps dropping, how does that impact the Twitter deal?

(Newser) - Tuesday wasn't a good day for the markets in general, but it was particularly unkind to Tesla, whose shares closed down 12.2%. That erased more than $125 billion from the electric vehicle maker's market value, and it has some analysts wondering whether that could turn into an...

Trending on Twitter: #LeavingTwitter
Trending on Twitter:
#LeavingTwitter 
THE RUNDOWN
Apr 26, 2022 4:20 PM CDT

Trending on Twitter: #LeavingTwitter

Some people don't plan to stick around for Elon Musk's changes

(Newser) - While conservatives and site co-founder Jack Dorsey, among others, are celebrating Elon Musk's deal to buy Twitter , a lot of users are talking about moving on to less Musky pastures. The hashtag #leavingtwitter was trending on the site Tuesday as users debated what changes Musk might make to Twitter...

What Now, Elon? Nobody Is Quite Sure
Bezos Takes a
Jab at Musk's
Twitter Buy
the rundown
Apr 26, 2022 6:38 AM CDT

Bezos Takes a Jab at Musk's Twitter Buy

Meanwhile, Twitter employees are worried, but conservatives are rejoicing

(Newser) - Twitter employees had what CNN calls an "all-hands" meeting Monday in which they raised some fundamental questions about Elon Musk's purchase of the site . Are our jobs safe? How will the site change? Will Donald Trump be allowed back? To all those and more, current CEO Parag Agrawal...

Trump Says He Won&#39;t Go Back to Twitter
Trump: No More
Twitter for Me
Apr 25, 2022 7:55 PM CDT

Trump: No More Twitter for Me

Some aides doubt whether he could stay away if Musk dropped the ban

(Newser) - Elon Musk hasn't said whether he'll let former President Donald Trump back on Twitter once he takes control of the platform. But Trump beat him to the punch on Monday, the Hill reports, by saying he'll stick to his own social media site, Truth Social, regardless. "...

Twitter Confirms $44B Elon Musk Buyout

Billionaire says he plans to make Twitter 'better than ever'

(Newser) - After a day of speculation and fast-moving developments , Twitter has accepted Elon Musk's offer. The company has entered a "definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion,"...

Twitter's Stock Jumps as Deal With Elon Musk Draws Near

Multiple outlets say it could be announced on Monday

(Newser) - The story line around Elon Musk and Twitter continues to change quickly. News emerged overnight Sunday that talks between Musk and the social media company had gotten serious, after his initial proposal appeared to be rebuffed . Now the consensus in business coverage is that a deal is so close it...

There's Been a Big Shift in the Elon Musk- Twitter Talks

Now the social media company is said to be seriously considering his bid

(Newser) - Sources say Twitter's board is seriously considering Elon Musk's bid to purchase the social media company. Sources spoke to both the New York Times and the Wall Street Journal , and said the "turning point" came when Musk revealed he had $46.5 billion in financing to cover...

Ford's CEO Stakes Company Future on F-150 Lightning

The whole industry is transforming itself, but Tesla still dominates

(Newser) - The all-electric F-150 “Lightning” weighs 3 tons and does 0 to 60 in 4 seconds. If you’re Ford CEO Jim Farley, you know that because you have access to a test track, where you can catch air and hit 99mph in the home stretch just for fun. Like...

Elon Musk: Don't Be Offended by My Wealth. I Don't Spend It

Tesla CEO says he doesn't consume like a billionaire

(Newser) - If you begrudge Elon Musk his billions, take solace: He's not even spending all that money on himself. Like, not even on a villa, a mansion, or an apartment. USA Today reports the world's richest person talked about his $275 billion fortune in an interview with the head...

One Person Owning Twitter Worries Experts

On unregulated social media, Elon Musk's power would have few checks

(Newser) - The power of social media companies already concerns many, especially experts and some people in the industry. The platforms can influence what users believe and push them to do things they otherwise wouldn't, such as taking part in violent protests, said Shoshana Zuboff, a retired Harvard professor who wrote...

Most Trusted News Source Is ... the Weather Channel?
Most Trusted News Source
Is Bit of a Surprise
in case you missed it
Apr 16, 2022 2:05 PM CDT

Most Trusted News Source Is Bit of a Surprise

52% of Americans trust the Weather Channel in latest YouGov poll

(Newser) - When it comes to the weather, most of us are on the same side of things—or, at least we're all watching and believing the same reports. That's according to YouGov , a UK market research firm whose latest poll on the media found that the most trusted news...

In Response to Musk, Twitter Adopts 'Poison Pill'

Board adopts maneuver used to ward off hostile takeovers

(Newser) - It has the dry name of "a limited duration shareholder rights plan," per CNBC . But the layman's term for what Twitter's board just adopted is a "poison pill"—and the point is to at least temporarily fend off Elon Musk . The upshot of the...

Musk Clashes With Prince Over Twitter Takeover

He fires back after Saudi shareholder Prince Alwaleed bin Talal rejects takeover bid

(Newser) - In the latest twist in Elon Musk's quest to buy Twitter, the Tesla CEO is clashing with a billionaire Saudi prince. Musk fired back Thursday after Prince Alwaleed bin Talal, a major Twitter shareholder, said he rejects Musk's takeover bid, al-Jazeera reports. "I don't believe that...

Elon Musk: I&#39;m &#39;Not Sure&#39; I Can Actually Buy Twitter
One Option
for Twitter
on Musk:
'Poison Pill'
the rundown
Apr 14, 2022 1:24 PM CDT

One Option for Twitter on Musk: 'Poison Pill'

HIs surprise takeover offer generates a buzz, though Musk himself cast some doubt on it

(Newser) - On Thursday morning, Elon Musk offered to buy Twitter for $43 billion. Hours later, he said he's "not sure" he'd be able to pull off the deal, reports CNBC . Speaking at the Ted2022 Conference in Vancouver, the richest man in the world (with an estimated worth of...

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