Elon Musk sells $6.9bn of Tesla shares in case he is forced to buy Twitter by lawsuit
The world’s richest man, Elon Musk has sold another 7.92 million shares in electric car maker, Tesla worth around $6.88bn (£5.7bn).
The sales took place after the firm’s annual shareholder meeting last week, regulatory filings show.
The multi-billionaire is currently embroiled in a legal battle with Twitter after saying last month he would pull out of a deal to buy it.
Musk says he needs the money...
WhatsApp to add a 3rd blue tick, what is it about?
WhatsApp is set to introduce a new security feature that will add a third check – or blue check mark – to the two already present
As it stands now, when you send a message on WhatsApp, the first tick shows that the message has been sent, and the second tick shows that the message has been delivered to the other person.
The ticks will also...
Facebook reports drop in revenue for the first time
Facebook is in decline.
Meta, Facebook's parent company, reported revenue of $28.8 billion for 1000 dollar loan today the three months ending in June, a 1% drop from the prior-year quarter and its first year-over-year revenue decline since going public in 2012.
The company's profit fell far more sharply. Net income during the quarter declined 36% year-over-year to nearly $6.7 billion, a huge reversal from...
Elon Musk sued by Twitter for refusing to buy the app in a $44billion acquisition deal
In a leaked document shared online and confirmed by TMZ, Twitter feels “Elon’s only backing out because the stock market tanked right after he signed the deal in April to purchase for $44B.”
According to the company, the dip reduced Musk’s personal wealth by $100B and at the same time, Twitter’s value also dropped, placing his offer even further over the app’s actual market value.
As TMZ puts...
Twitter Plans To Sue Elon Musk As The Tesla Chief Walks Out Of $44 Billion Deal
The richest man in the world, Elon Musk, clinched a deal to buy Twitter Inc (TWTR.N) for $44 billion cash on Monday.
Political activists expect that a Musk regime will mean less moderation and reinstatement of banned individuals including former President Donald Trump but some human rights activists voiced fears of a rise in hate speech.
Discussions over the deal, which last week appeared uncertain, accelerated...
