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Twitter layoffs

08 Jul 2022

Twitter sacks 100 employees from its talent acquisition team

Twitter has acknowledged that 100 staff will be laid off. Approximately 100 workers have lost their jobs at the company. The layoff occurred just weeks after Musk stated that Twitter needed to get healthy, implying possible layoffs.

18 Jun 2022

SpaceX axed employees for criticising CEO Elon Musk

Tesla chief Musk is currently closing a USD 44 billion deal to buy Twitter. The takeover of Twitter Inc is temporarily on hold due to the calculation of fake accounts in it.

17 May 2022

Twitter's account of deal shows Musk signing without asking for more info

Musk negotiated the Twitter deal over the weekend of April 23 and April 24 without carrying out any due diligence. Musk has questioned the accuracy of Twitter`s public filings about spam accounts representing less than 5% of its user base. Twitter investors appeared convinced that a deal at the agreed price was now out of the question.

17 May 2022

Elon Musk will not buy Twitter if THIS does not happen

Twitter stated last week that there were approximately 5% of spam accounts on the microblogging site in this quarter. This is thought to be Musk's strategy for acquiring Twitter for a lesser price than he initially offered. Musk recently stated that a lower-priced acquisition is not "out of the question."

14 May 2022

Elon Musk-Twitter deal on hold for now: Key things to know

As a result of the acquisition, Musk stated that he will make Twitter algorithms open source and alter its regulations to better encourage free expression on the network.

29 Apr 2022

Elon Musk told he'll cut jobs at Twitter, make money from tweets

Elon Musk plans to cut jobs at Twitter. Musk ensured banks that there will be enough cash flow to pay back the debt. He agreed to pay for the remainder of the consideration with his own cash.

29 Apr 2022

Elon Musk planning to buy Facebook and delete it too? Here’s the truth

A viral tweet claims that Elon Musk is planning to buy Facebook and then delete it. However, no tweet has been found on his timeline. Elon Musk did not make any such claims on Facebook.

26 Apr 2022

From weed joke to agreed deal: Inside Musk's $44 billion Twitter buyout

Many of the biggest Wall Street banks, led by Morgan Stanley, Bank of America Corp and Barclays Plc, committed to providing $25.5 billion in debt. Musk himself committed another $21 billion in cash. Musk had said he did not care about the economics of the deal "at all" and was pursuing Twitter to advance free speech.

26 Apr 2022

Here’s how Elon Musk-Twitter deal unfolded

Twitter announced that the public company will become privately held after the acquisition is complete.

21 Apr 2022

Elon Musk says he has $46.5 billion in financing ready to buy Twitter

Tesla CEO is exploring to buy all of the social media platform's common stock for $54.20 per share in cash. Last week, Twitter's board adopted a “poison pill” defence.

Elon Musk Twitter Acquisition

20 Apr 2022

Elon Musk willing to hike personal Twitter investment to $15 billion: Report

Musk has a 9.1 per cent ownership stake in the platform. Musk may also be willing to borrow against his current stake if necessary. He has announced that he had made an offer to buy Twitter.

19 Apr 2022

Amul doodle on Elon Musk’s ‘hostile takeover’ bid winning hearts on Twitter

Musk is one of the largest shareholders in Twitter. He has 9.2 percent stake Saudi Prince Al-Waleed bin Talal has about 5.2 per cent share in Twitter.

18 Apr 2022

Twitter co-founder Jack Dorsey finally breaks his silence on Elon Musk

Musk is one of the largest shareholders in Twitter. He has 9.2 percent stake Saudi Prince Al-Waleed bin Talal has about 5.2 per cent share in Twitter.

17 Apr 2022

Twitter board must be concerned about other bidders not me: Elon Musk

With 9.2 per cent stake, Musk is one of the largest shareholders in Twitter. Vanguard Group disclosed last week that its funds now own a 10.3 per cent stake in Twitter. Saudi Prince Al-Waleed bin Talal has about 5.2 per cent share in Twitter.

04 May 2021

Twitter acquires news startup Scroll in push for subscriptions

Twitter has been working to offer new types of content on its social media site, including audio and long-form content, after previously acquiring newsletter platform Revue. Scroll allows users to subscribe and read news articles from publishers including Insider, BuzzFeed and USA Today without ads. The deal will help Twitter build a subscription feature, such as letting users access premium features from news outlets or a writer`s Revue newsletter, Twitter added.

11 Oct 2016

Salesforce still mulls bid for Twitter as shareholders resist

Salesforce.com Inc is still deliberating whether it should make an offer for Twitter Inc in the face of resistance from Salesforce shareholders over the strategic merits and valuation of such a deal, people familiar with the matter said on Monday.

05 Oct 2016

Race to buy Twitter intensifies; may receive bids this week

As Google, Salesforce and even Walt Disney join the race to buy Twitter, the micro-blogging website is expected to receive bids this week.

30 Apr 2015

Twitter pins ad revenue hopes on new partnership, acquisition

Twitter Inc`s efforts to reassure disaffected ad buyers may hinge on the success of two deals that were announced along with its bleak forecast on Tuesday, advertisers and analysts said.

08 Apr 2015

Twitter options active on deal chatter

Twitter Inc`s shares jumped 5 percent and activity in its options surged on Tuesday on unsubstantiated market chatter about the company fending off a takeover bid.

26 Nov 2014

Twitter in talks to buy Bieber-backed selfie app Shots: Reports

The microblogging website is particularly interested in the app`s more than 3 million users, nearly two-thirds of whom are women under 24.

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