Tag: Elon Musk

Former CEO Of Twitter, Jack Dorsey Launches New Social Media Platform

Abibat Babalola

Months after his exit from Twitter, the founder and former CEO of the microblogging website, Jack Dorsey, has launched a new social media platform named, “Bluesky,” according to pulse.ng. This comes barely a week after the $44 billion acquisition of Twitter was completed by a United States business tycoon and owner of Tesla vehicles, Elon Musk. Musk brought some changes to Twitter since he came on board including the infamous $8 per month charges for verification badge and the sacking of the former CTO, Parag Agrawal. A recent email sent…

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Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims

Ganiyu Amodu

Elon Musk has sent an additional letter of deal termination to Twitter Inc after the world’s richest person subpoenaed a whistleblower seeking documents on how the social media company measures spam accounts. Musk walked away from a $44-billion offer for Twitter in July saying the company misled him and regulators about the true number of spam or bot accounts on the microblogging platform. READ ALSO: NCDMB Emerges Best MDA In Ease of Doing Business Emirates Makes U-Turn On Flights Suspension In Nigeria How Kwara State Varsity Student-Lovers Were Found Dead,…

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Twitter, Musk Get October Date For $44b Deal Trial

Abibat Babalola

Social media platform, Twitter’s lawsuit to hold Elon Musk to his $44 billion takeover of the microblogging site will go to trial in October after a Delaware judge said yesterday that the social media company deserved a quick resolution of the deal’s uncertainty. The ruling is a blow to Musk, who pushed for a trial in February, which his lawyer told the court would allow for an extensive investigation into the true number of spam accounts on the platform. Twitter had requested a September trial. Chancellor Kathaleen McCormick of the…

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Electricity Can Be Transmitted Through The Air

Abibat Babalola

A New Zealand firm is trying to make an old idea work commercially Behind nikola tesla’s former laboratory at Wardenclyffe on Long Island, New York, are some old foundations. They are all that remains of a 57-metre tower which Tesla began building in 1901 as part of an experiment to transmit information and electricity wirelessly over long distances. It half worked. As he foretold, wireless communications have had world-changing effects. But he failed to get electric power itself to travel very far. As a consequence, within five years work stopped…

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Elon Musk Threatens to pull out of $44bn Twitter Deal Over Fake accounts

Abibat Babalola

Elon Musk is threatening to pull out of his $44 billion acquisition of Twitter if the company does not provide more information on how it calculates the number of fake accounts. In a letter delivered to Twitter on Monday and filed with the Securities and Exchange Commission, Mr. Musk’s lawyers at the law firm Skadden, Arps, Slate, Meagher & Flom argued that Twitter was “actively resisting and thwarting” Mr. Musk’s rights under the terms of his deal to acquire the social media company. His lawyers accused Twitter of a “clear…

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Elon Musk puts $44bn Twitter takeover deal on hold

Abibat Babalola

Elon Musk said his $44bn (£35bn) deal to buy Twitter is on hold after he queried the number of fake or spam accounts on the social media platform. Musk said he was waiting for information “supporting (the) calculation that spam/fake accounts do indeed represent less than 5 percent of users”. He has been vocal on cleaning up spam accounts. READ ALSO: World Richest Man, Elon Musk, Buys Twitter For $44bn However, analysts speculated that he could be seeking to re-negotiate the price or even walk away from the takeover. Elon…

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Commercial, govt users to pay for Twitter, says Elon Musk

Abibat Babalola

Billionaire entrepreneur, Elon Musk, on Wednesday, said Twitter commercial and government users may have to pay to use the micro-blogging platform. Twitter on Monday, April 25, confirmed the selling of the platform to Musk in a deal valued at $44 billion. The sale was a dramatic shift for the board, which had originally maneuvered to block Musk from taking the social media network private. READ ALSO World Richest Man, Elon Musk, Buys Twitter For $44bn Twitter Ready To Sell Firm To World Richest Man, Elon Musk Elon Musk Stakes $2.9bn,…

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World Richest Man, Elon Musk, Buys Twitter For $44bn

Ganiyu Amodu

  The CEO of Tesla Motors has eventually bought microblogging company, Twitter, for a whopping $44 billion dollars Twitter confirmed it will sell the Company for $44 billion dollars to the CEO of Tesla Motors, Elon Musk on Monday. READ ALSO Elon Musk Stakes $2.9bn, Becomes Twitter’s Top Shareholder Twitter Ready To Sell Firm To World Richest Man, Elon Musk Nigeria lifts ‘Use Twitter, Go to Jail” Order on Citizens Elon Musk said “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where…

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Twitter Ready To Sell Firm To World Richest Man, Elon Musk

Ganiyu Amodu

World richest man and Chief Executive Officer of Tesla motors, Elon Musk, is on the verge of buying Twitter. The microblogging site confirmed that its representatives are in talks to sell the company to Musk. Platforms Africa reports quoting New York Times that the 11-member board was negotiating with Musk into the early hours of Monday over his unsolicited bid to buy the company, after he began lining up $46.5 billion in financing for the offer last week. READ ALSO; Nigeria lifts ‘Use Twitter, Go to Jail” Order on Citizens…

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