Will Elon Musk walk away from his $44bn twitter takeover?

Published

2 years ago

June 7, 2022

Brittany Coles

Twitter could lose its biggest investment ever if it challenges its new buyer

Elon Musk has threatened to walk away from his $44bn takeover of Twitter.

He is accusing the social media company of “thwarting” his requests to learn more about its user base.

Musk says was entitled to do his own measurement of spam accounts.

In a letter filed to regulators, the Tesla CEO formalises a dispute that has simmered for weeks after Musk declared the deal “on hold” pending further information.

This comes as Musk believes spam and fake accounts represent a far greater share than the less than 5 per cent of daily users that Twitter reports publicly.

Twitter says its numbers are right.

The dispute has raised more doubts about the future of the takeover, which Twitter’s board approved in April.

Up Next

WWDC ’22 – here’s the changes coming to your favourite Apple devices

Don't Miss

Boris Johnson set to face vote of confidence

Brittany Coles

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending