Elon Musk puts $44billion Twitter acquisition deal on hold over fake account data

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Twitter shares initially fell more than 20% in premarket trading, but after Musk, the chief executive of electric car market… Read More Elon Musk puts $44billion Twitter acquisition deal on hold over fake account data

Twitter chief executive Elon Musk says platform might charge fee for commercial and government users

Elon Musk said on Tuesday Twitter Inc might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s Facebook. “Twitter will always be free for casual users, but maybe a slight cost for commercial/government users,” Musk said… Read More Twitter chief executive Elon Musk says platform might charge fee for commercial and government users

Billionaire entrepreneur Elon Musk acquires Twitter in $44billion cash deal

Elon Musk clinched a deal to buy Twitter Inc. for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. It is a seminal moment for the 16-year-old company, which emerged as one of the… Read More Billionaire entrepreneur Elon Musk acquires Twitter in $44billion cash deal

Billionaire entrepreneur Elon Musk makes $43billion cash offer for takeover of Twitter

Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “I think it’s very important for there to be an inclusive arena for free… Read More Billionaire entrepreneur Elon Musk makes $43billion cash offer for takeover of Twitter

Russia passes strict news law, blocks several international media platforms

Russia said it would block Facebook for excluding state media and CNN said it would stop broadcasting in Russia after a new law punishing “fake news” raised the stakes in Moscow’s fight with foreign corporation. Friday marked an escalation in the dispute that began after the invasion of Ukraine. Russia blocked a wave of media… Read More Russia passes strict news law, blocks several international media platforms

Twitter CEO Jack Dorsey announces resignation, hands over to technology chief Parag Agrawal

Twitter Inc Chief Executive Officer Jack Dorsey is stepping down from his role and Chief Technology Officer Parag Agrawal will now lead the company, the social networking site announced on Monday. The appointment of Agrawal, a 10-year veteran of Twitter, signaled a tacit endorsement by the board of a strategy the company previously laid out… Read More Twitter CEO Jack Dorsey announces resignation, hands over to technology chief Parag Agrawal

Australia to introduce new laws that compel media platforms to reveal details of cyber trolls

Australia will introduce legislation to make social media giants provide details of users who post defamatory comments, Prime Minister Scott Morrison said on Sunday. The government has been looking at the extent of the responsibility of platforms, such as Twitter and Facebook, for defamatory material published on their sites and comes after the country’s highest… Read More Australia to introduce new laws that compel media platforms to reveal details of cyber trolls

Spanish court jails British man involved in Twitter hack pending U.S. extradition hearing

A 22-year old Briton who was detained this week in Spain in connection with a Twitter hack last year that compromised the accounts of several U.S. politicians including then presidential candidate Joe Biden has been jailed pending an extradition hearing, a court source said. Joseph James O’Connor appeared before Spain’s High Court via videolink from… Read More Spanish court jails British man involved in Twitter hack pending U.S. extradition hearing