<p>Just days after offering to buy tech-giant Twitter, billionaire Elon Musk has taken on Netflix after the platform reported a loss of subscribers for the first time in 10 years. Elon Musk has attempted to interpret&nbsp;why Netflix has lost subscribers.</p>

<p>"The woke mind virus is making Netflix unwatchable," tweeted Musk on Wednesday (April 20). He has replied to a tweet posted by Slashdot.</p>

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<p dir="ltr" lang="en">The woke mind virus is making Netflix unwatchable</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1516600269899026432?ref_src=twsrc%5Etfw">April 20, 2022</a></blockquote>
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<p>Elon Musk's&nbsp;tweet has sent the social media into a tizzy. The tweet has garnered more than 150,000 likes and 19.3 comments.</p>

<p>This is not the first time Elon Musk has been assertive against 'wokeness'. He has earlier said that "wokeness" is the "biggest threat to civilization.” He had put forth his opinion during his conversation with a satire website.</p>

<p>Netflix had 221.6 million subscribers at the end of first quarter of 2022. The number was slightly less than what it had in the final quarter of 2021.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/entertainment/hollywood/news-how-is-elon-musk-connected-to-the-johnny-depp--amber-heard-defamation-case-472374">How is Elon Musk connected to the Johnny Depp- Amber Heard defamation case?</a></strong></p>

<p>Elon Musk has stirred the pot lately as far as online platforms are concerned. His offer to buy Twitter sent shockwaves across the world. Musk already has a stake in the social media giant.</p>

<p>Twitter went into huddle soon after Musk made his intention clear and came up with what is known as a 'poison pill'. It is a strategy used by companies to deter unwelcome buyers. According to this strategy, the companies flood the market with so many newly created stocks that taking over the company becomes prohibitively expensive. Twitter founder Jack Dorsey has criticised Twitter board's decision to adopt a poison pill strategy.</p>


Just days after offering to buy tech-giant Twitter, billionaire Elon Musk has taken on Netflix after the platform reported a loss of subscribers for the first time in 10 years.

Just days after offering to buy tech-giant Twitter, billionaire Elon Musk has taken on Netflix after the platform reported a loss of subscribers for the first time in 10 years. Elon Musk has attempted to interpret why Netflix has lost subscribers. "The woke mind virus is making Netflix unwatchable," tweeted Musk on Wednesday (April 20). He has replied to a tweet posted by Slashdot. The woke mind virus is making Netflix unwatchable — Elon Musk (@elonmusk) April 20, 2022 × Elon Musk's tweet has sent the social media into a tizzy. The tweet has garnered more than 150,000 likes and 19.3 comments. This is not the first time Elon Musk has been assertive against 'wokeness'. He has earlier said that "wokeness" is the "biggest threat to civilization.” He had put forth his opinion during his conversation with a satire website. Netflix had 221.6 million subscribers at the end of first quarter of 2022. The number was slightly less than what it had in the final quarter of 2021. Also Read | How is Elon Musk connected to the Johnny Depp- Amber Heard defamation case? Elon Musk has stirred the pot lately as far as online platforms are concerned. His offer to buy Twitter sent shockwaves across the world. Musk already has a stake in the social media giant. Twitter went into huddle soon after Musk made his intention clear and came up with what is known as a 'poison pill'. It is a strategy used by companies to deter unwelcome buyers. According to this strategy, the companies flood the market with so many newly created stocks that taking over the company becomes prohibitively expensive. Twitter founder Jack Dorsey has criticised Twitter board's decision to adopt a poison pill strategy.

Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement

<p>Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion.</p>

<p>The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported.</p>

<p>The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine.</p>

<p>The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million.&nbsp;</p>

<p>Musk had earlier sold Boring Company hats and flamethrowers to raise funds.</p>

<p>The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles.</p>

<p>Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out.</p>

<p>The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/technology/elon-musk-tweets-against-woke-netflix-days-after-twitter-takeover-announcement-472362">Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement</a></p>

<p>Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer.</p>

<p>His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/worlds-richest-man-elon-musk-says-he-is-homeless-472174">World’s richest man Elon Musk says he is homeless</a></p>

<p>The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private.</p>

<p><strong>Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-willing-to-invest-15-billion-of-his-money-to-buy-twitter-472314/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p><em>(With inputs from agencies)</em></p>


Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion. The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported. The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine. The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million. Musk had earlier sold Boring Company hats and flamethrowers to raise funds. The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles. Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out. The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp. Also read | Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer. His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public. Also read | World’s richest man Elon Musk says he is homeless The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private. Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter (With inputs from agencies)

Elon Musk’s Boring Company’s valuation up to $5.7 billion after latest funding round

<p>Tesla CEO Elon Musk has obtained $46.5 billion in funding for the purchase of Twitter Inc. and is exploring a tender offer for its shares.</p>

<p>Musk has pledged to invest $33.5 billion in the transaction, with $21 billion in cash and $12.5 billion in margin loans.</p>

<p>The deal's structure was revealed today in documents filed with the Securities and Exchange Commission.</p>

<p>According to the statement, Musk was "exploring whether to start a tender offer... but has not determined whether to do so at this time."</p>

<p>According to the petition, banks such as Morgan Stanley have agreed to contribute an additional $13 billion in debt secured against Twitter.</p>

<p>The fresh filings come a week after Elon Musk, the Tesla CEO, launched a $43 billion bid for Twitter after declining a seat on its board.</p>

<p>A representative from Twitter could not be reached for comment right away.</p>

<p><strong>Watch | Elon Musk's takeover warfare: Tesla CEO threatens to cut salaries</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musks-takeover-warfare-tesla-ceo-threatens-to-cut-salaries-472165/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>


Tesla CEO Elon Musk has obtained $46.5 billion in funding for the purchase of Twitter Inc. and is exploring a tender offer for its shares. Musk has pledged to invest $33.

Tesla CEO Elon Musk has obtained $46.5 billion in funding for the purchase of Twitter Inc. and is exploring a tender offer for its shares. Musk has pledged to invest $33.5 billion in the transaction, with $21 billion in cash and $12.5 billion in margin loans. The deal's structure was revealed today in documents filed with the Securities and Exchange Commission. According to the statement, Musk was "exploring whether to start a tender offer... but has not determined whether to do so at this time." According to the petition, banks such as Morgan Stanley have agreed to contribute an additional $13 billion in debt secured against Twitter. The fresh filings come a week after Elon Musk, the Tesla CEO, launched a $43 billion bid for Twitter after declining a seat on its board. A representative from Twitter could not be reached for comment right away. Watch | Elon Musk's takeover warfare: Tesla CEO threatens to cut salaries

Twitter takeover: Elon Musk secures $46.5bn to buy Twitter in hostile bid

<p>Islamic State has claimed responsibility for blast in a mosque in Afghanistan's Mazar-e-Sharif city. In other news, billionaire Elon Musk has obtained $46.5 billion in funding for the purchase of Twitter Inc. and is exploring a tender offer for its shares. Russian President Vladimir Putin declared that Mariupol had been successfully liberated. Read this and more in out Top 10 world news</p>

<p><a href="https://www.wionews.com/south-asia/afghanistan-islamic-state-claims-responsibility-for-mazar-e-sharif-mosque-blast-472753"><strong>Afghanistan: Islamic State claims responsibility for Mazar-e-Sharif mosque blast</strong></a></p>

<p>Islamic State released a statement on its Telegram channel and claimed responsibility for Mazar-e-Sharif mosque blast</p>

<p><img alt="IS" data-entity-type="file" data-entity-uuid="9783d2aa-d4dc-45be-bdb1-5c82fd63284d" src="//cdn.wionews.com/sites/default/files/inline-images/Islamic%20state.png" /></p>

<p><a href="https://www.wionews.com/world/twitter-takeover-elon-musk-secures-465bn-to-buy-twitter-in-hostile-bid-472777"><strong>Twitter takeover: Elon Musk secures $46.5bn to buy Twitter in hostile bid</strong></a><br />
<br />
Elon Musk has secured commitments for $46.5bn that would allow him to bypass Twitter’s board and go directly to the social media company’s shareholders with his takeover bid.</p>

<p><img alt="Musk" data-entity-type="file" data-entity-uuid="b750da31-e333-442e-b1a8-bc9855afa4de" src="//cdn.wionews.com/sites/default/files/inline-images/Elon%20Musk.png" /></p>

<p><a href="https://www.wionews.com/india/covid-19-in-india-amid-fourth-wave-fears-new-variants-of-the-omicron-possibly-emerging-in-new-delhi-472730"><strong>COVID-19 in India: Amid fourth wave fears, new variants of the Omicron 'possibly emerging' in New Delhi</strong></a><br />
<br />
Fourth COVID-19 wave? The health expert suggested that there are eight variants of Omicron and one of them is dominating and causing the surge in cases in New Delhi.</p>

<p><img alt="Covid" data-entity-type="file" data-entity-uuid="1ad87971-3096-45b9-94e6-e25312f30f77" src="//cdn.wionews.com/sites/default/files/inline-images/Covid.png" /></p>

<p><a href="https://www.wionews.com/world/mariupol-successfully-liberated-says-putin-as-russia-captures-port-city-472668"><strong>'Mariupol successfully liberated', says Putin, as Russia captures port city</strong></a><br />
<br />
Taking full control of Mariupol on the Azov Sea would be a major strategic victory for Russia, helping it to connect annexed Crimea to the territories of pro-Russian separatists in eastern Ukraine.</p>

<p><img alt="Mariupol" data-entity-type="file" data-entity-uuid="0a57ec8a-2643-463c-a93e-cb41c62718ac" src="//cdn.wionews.com/sites/default/files/inline-images/Mariupol_0.png" /></p>

<p><a href="https://www.wionews.com/world/11-year-old-boy-survives-landslide-by-staying-inside-fridge-for-20-hours-in-philippines-472756"><strong>11-year-old boy survives landslide by staying inside fridge for 20 hours in Philippines</strong></a><br />
<br />
Furthermore, nearly 200 local people have been injured and 172 people have been killed in the Baybay area alone as a result of the storm</p>

<p><img alt="Boy" data-entity-type="file" data-entity-uuid="49a39de9-f998-413d-bc78-f8009feb2bf3" src="//cdn.wionews.com/sites/default/files/inline-images/Fridge.png" /></p>

<p><a href="https://www.wionews.com/world/us-police-nearly-killed-600-people-since-2017-during-traffic-stops-reports-472747"><strong>US police nearly killed 600 people since 2017 during traffic stops: Reports</strong></a><br />
<br />
According to the data, there were 97 fatal traffic stops in the year 2017, 114 in 2018, 117 in 2019, 119 in 2020, 117 in 2021 and 25 till April 2022</p>

<p><img alt="US police" data-entity-type="file" data-entity-uuid="b704ed6a-850a-4bbb-a45e-7379cea49e52" src="//cdn.wionews.com/sites/default/files/inline-images/Screenshot%202022-04-21%20212755.png" /></p>

<p><a href="https://www.wionews.com/world/watch-did-donald-trump-really-walk-out-of-explosive-interview-with-piers-morgan-heres-the-truth-472742"><strong>Watch: Did Donald Trump really walk out of explosive interview with Piers Morgan? Here's the truth</strong></a><br />
<br />
Trump told Morgan: "I think I'm a very honest man … much more honest than you, actually"&nbsp;</p>

<p><img alt="Trump" data-entity-type="file" data-entity-uuid="63a87f9e-115e-41c6-a30a-34aecba865ae" src="//cdn.wionews.com/sites/default/files/inline-images/Trump.png" /></p>

<p><a href="https://www.wionews.com/world/fakes-and-far-right-content-russia-fines-google-for-ukraine-videos-472719"><strong>'Fakes and far-right content': Russia fines Google for Ukraine videos</strong></a><br />
<br />
A Russian court has fined Alphabet Inc.'s Google 11 million roubles ($137,763) for failing to delete what it terms "fake" information about the conflict in Ukraine and YouTube videos produced by Ukrainian far-right groups, TASS reported.</p>

<p><img alt="Google" data-entity-type="file" data-entity-uuid="8e2d6d55-8e01-4e94-824d-30e4f7d9d0f2" src="//cdn.wionews.com/sites/default/files/inline-images/Google.png" /></p>

<p><a href="https://www.wionews.com/world/arizona-wildfires-seize-on-chaotic-winds-and-parched-forests-472717"><strong>Arizona wildfires seize on chaotic winds and parched forests</strong></a><br />
<br />
Wind-driven springtime wildfires are tearing through parched evergreens and brush across Arizona, New Mexico and Colorado, burning scores of homes and forcing thousands of people to flee during a fire season that is growing longer and more destructive as climate change dries out the West&nbsp;</p>

<p><img alt="Arizona" data-entity-type="file" data-entity-uuid="36370497-0bf4-4532-943c-7b668980adc1" src="//cdn.wionews.com/sites/default/files/inline-images/Arizona.png" /></p>

<p><a href="https://www.wionews.com/entertainment/hollywood/news-johnny-depp-claims-ex-wife-amber-heard-would-threaten-suicide-everytime-they-had-an-argument-472766"><strong>Johnny Depp claims ex wife Amber Heard would threaten 'suicide' everytime they had an argument</strong></a><br />
<br />
Johnny Depp added that everytime during a fight when he would attempt to leave, Amber Heard would stop him and tell him she would “die” without him.</p>

<p><img alt="Depp" data-entity-type="file" data-entity-uuid="9cd55889-a4df-41ea-b90b-a0249a53dc0a" src="//cdn.wionews.com/sites/default/files/inline-images/Depp.png" /><br />
&nbsp;</p>


Islamic State has claimed responsibility for blast in a mosque in Afghanistan's Mazar-e-Sharif city. In other news, billionaire Elon Musk has obtained $46.5 billion in funding for the purchase of Twitter Inc.

Islamic State has claimed responsibility for blast in a mosque in Afghanistan's Mazar-e-Sharif city. In other news, billionaire Elon Musk has obtained $46.5 billion in funding for the purchase of Twitter Inc. and is exploring a tender offer for its shares. Russian President Vladimir Putin declared that Mariupol had been successfully liberated. Read this and more in out Top 10 world news Afghanistan: Islamic State claims responsibility for Mazar-e-Sharif mosque blast Islamic State released a statement on its Telegram channel and claimed responsibility for Mazar-e-Sharif mosque blast Twitter takeover: Elon Musk secures $46.5bn to buy Twitter in hostile bid Elon Musk has secured commitments for $46.5bn that would allow him to bypass Twitter’s board and go directly to the social media company’s shareholders with his takeover bid. COVID-19 in India: Amid fourth wave fears, new variants of the Omicron 'possibly emerging' in New Delhi Fourth COVID-19 wave? The health expert suggested that there are eight variants of Omicron and one of them is dominating and causing the surge in cases in New Delhi. 'Mariupol successfully liberated', says Putin, as Russia captures port city Taking full control of Mariupol on the Azov Sea would be a major strategic victory for Russia, helping it to connect annexed Crimea to the territories of pro-Russian separatists in eastern Ukraine. 11-year-old boy survives landslide by staying inside fridge for 20 hours in Philippines Furthermore, nearly 200 local people have been injured and 172 people have been killed in the Baybay area alone as a result of the storm US police nearly killed 600 people since 2017 during traffic stops: Reports According to the data, there were 97 fatal traffic stops in the year 2017, 114 in 2018, 117 in 2019, 119 in 2020, 117 in 2021 and 25 till April 2022 Watch: Did Donald Trump really walk out of explosive interview with Piers Morgan? Here's the truth Trump told Morgan: "I think I'm a very honest man … much more honest than you, actually" 'Fakes and far-right content': Russia fines Google for Ukraine videos A Russian court has fined Alphabet Inc.'s Google 11 million roubles ($137,763) for failing to delete what it terms "fake" information about the conflict in Ukraine and YouTube videos produced by Ukrainian far-right groups, TASS reported. Arizona wildfires seize on chaotic winds and parched forests Wind-driven springtime wildfires are tearing through parched evergreens and brush across Arizona, New Mexico and Colorado, burning scores of homes and forcing thousands of people to flee during a fire season that is growing longer and more destructive as climate change dries out the West Johnny Depp claims ex wife Amber Heard would threaten 'suicide' everytime they had an argument Johnny Depp added that everytime during a fight when he would attempt to leave, Amber Heard would stop him and tell him she would “die” without him.

Top 10 world news: IS claims Mazar-e-Sharif blast, Elon Musk latest, more news

<p>Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions</p>

<p>The world`s most valuable automaker said revenue was $18.8 billion in the first quarter ended March 31, versus estimates of $17.8 billion, according to IBES data from Refinitiv. This is up 81% from a year earlier</p>

<p>Since the outbreak of the pandemic, Tesla has been posting record deliveries and earnings for several quarters when its competitors across the world were grappling with supply chain issues.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/technology/elon-musk-tweets-against-woke-netflix-days-after-twitter-takeover-announcement-472362">Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement</a></strong></p>

<p>"Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022," Tesla said in a statement.</p>

<p>Shares of Tesla rose 4% after the close of regular trading.</p>

<p>Shortages of chips and recent outbreaks of Covid have had effect on its supply chain and factory operations, said Tesla.</p>

<p>Tesla raised its prices in China, the United States and other countries, after CEO Elon Musk said in March the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics amid the crisis in Ukraine.</p>

<p>Elon Musk sent the social media in a tizzy when he offered to buy tech giant Twitter last week. This sent shockwaves in the business world but also sparked concerns that Musk was getting distracted from the electric carmaker at a time when it is ramping up production at new factories in Berlin and Texas</p>

<p><em>(With inputs from agencies)</em></p>


Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions The world`s most valuable automaker said revenue was $18.

Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions The world`s most valuable automaker said revenue was $18.8 billion in the first quarter ended March 31, versus estimates of $17.8 billion, according to IBES data from Refinitiv. This is up 81% from a year earlier Since the outbreak of the pandemic, Tesla has been posting record deliveries and earnings for several quarters when its competitors across the world were grappling with supply chain issues. Also Read | Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement "Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022," Tesla said in a statement. Shares of Tesla rose 4% after the close of regular trading. Shortages of chips and recent outbreaks of Covid have had effect on its supply chain and factory operations, said Tesla. Tesla raised its prices in China, the United States and other countries, after CEO Elon Musk said in March the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics amid the crisis in Ukraine. Elon Musk sent the social media in a tizzy when he offered to buy tech giant Twitter last week. This sent shockwaves in the business world but also sparked concerns that Musk was getting distracted from the electric carmaker at a time when it is ramping up production at new factories in Berlin and Texas (With inputs from agencies)

Elon Musk may get USD 23 billion bonus as Tesla reports strong performance

Billionaire Elon Musk, Tesla CEO is willing to invest between 10 billion and 15 billion of his own money to take Twitter private. Billionaire who is Twitter's second biggest shareholder with 9.1 percent stake is planning to launch a tender offer in about 10 days.

Elon Musk willing to invest $15 billion of his money to buy Twitter

The Keto diet has been popularised for weight loss across social media. However, Elon Musk recently tweeted about banning 'Keto Zealots', but why does Musk hate 'Keto Zealots'?

What is a Keto diet? Is the Keto diet for everyone? Don't follow diet fads blindly

<p>Hollywood actors Johnny Depp and ex-wife, actress Amber Heard are fighting a bitter court battle in Virginia, US. Depp filed a defamation case against Heard after she wrote an op-ed in the Washington Post claiming she had been a victim of domestic abuse.&nbsp;<br />
<br />
Heard never mentioned Depp's name in the article but the actor's lawyers have stated that the article damaged Depp's reputation and his career in Hollywood. Heard countersued Depp for physical abuse.&nbsp;<br />
<br />
Depp also accuses Tesla owner Billionaire Elon Musk of having an affair with Heard while she was still married to the actor. &nbsp;</p>

<p><a href="https://www.wionews.com/entertainment/johnny-depp-amber-heard-case-doctor-recalls-finding-actors-severed-finger-on-kitchen-floor-472203">Johnny Depp-Amber Heard case: Doctor recalls finding actor's severed finger on kitchen floor</a><br />
<br />
Musk’s name was in fact dragged into the trial by Depp, who accused him of having an affair with Heard during his famous 2020 libel case in the UK. Depp lost a libel case in London in November 2020 that he brought against a well-known tabloid that called him a "wife-beater" - after which he filed the defamation complaint against his ex-wife and sued her for $50 million in the US.&nbsp;<br />
<br />
&nbsp;Court documents alleged that Musk had a "three-way affair" with Heard and model-actress Cara Delevingne.&nbsp;<br />
Musk had reportedly had a threesome with Heard and Delevingne at Depp and Heard's apartment in Los Angeles in 2016 while Depp was away in Australia for shooting.&nbsp;</p>

<p>The tech billionaire and Tesla reacted to the reports and refuted the claims. Speaking to Page Six, Musk said that he began dating Heard after her divorce was filed with Depp. He also maintained that Delevingne was just a friend.&nbsp;<br />
“Cara and I are friends, but we’ve never been intimate. She would confirm this," Musk said.&nbsp;</p>

<p><a href="https://www.wionews.com/entertainment/hollywood/news-ashamed-at-some-of-the-references-made-key-points-from-johny-depps-testimony-472339">Key points from Johnny Depp's testimony</a><br />
<br />
He further explained, "Also, I wish to confirm again that Amber and I only started going out about a month after her divorce filing. I don’t think I was ever even in the vicinity of Amber during their marriage!"&nbsp;<br />
<br />
Depp had also accused Heard of having an affair with James Franco which the actress has categorically denied.&nbsp;<br />
Both Musk and Franco are likely to testify in the coming days in the ongoing trial.&nbsp;</p>


Hollywood actors Johnny Depp and ex-wife, actress Amber Heard are fighting a bitter court battle in Virginia, US. Depp filed a defamation case against Heard after she wrote an op-ed in the Washington Post claiming she had been a victim of domestic abuse.

Hollywood actors Johnny Depp and ex-wife, actress Amber Heard are fighting a bitter court battle in Virginia, US. Depp filed a defamation case against Heard after she wrote an op-ed in the Washington Post claiming she had been a victim of domestic abuse. Heard never mentioned Depp's name in the article but the actor's lawyers have stated that the article damaged Depp's reputation and his career in Hollywood. Heard countersued Depp for physical abuse. Depp also accuses Tesla owner Billionaire Elon Musk of having an affair with Heard while she was still married to the actor. Johnny Depp-Amber Heard case: Doctor recalls finding actor's severed finger on kitchen floor Musk’s name was in fact dragged into the trial by Depp, who accused him of having an affair with Heard during his famous 2020 libel case in the UK. Depp lost a libel case in London in November 2020 that he brought against a well-known tabloid that called him a "wife-beater" - after which he filed the defamation complaint against his ex-wife and sued her for $50 million in the US. Court documents alleged that Musk had a "three-way affair" with Heard and model-actress Cara Delevingne. Musk had reportedly had a threesome with Heard and Delevingne at Depp and Heard's apartment in Los Angeles in 2016 while Depp was away in Australia for shooting. The tech billionaire and Tesla reacted to the reports and refuted the claims. Speaking to Page Six, Musk said that he began dating Heard after her divorce was filed with Depp. He also maintained that Delevingne was just a friend. “Cara and I are friends, but we’ve never been intimate. She would confirm this," Musk said. Key points from Johnny Depp's testimony He further explained, "Also, I wish to confirm again that Amber and I only started going out about a month after her divorce filing. I don’t think I was ever even in the vicinity of Amber during their marriage!" Depp had also accused Heard of having an affair with James Franco which the actress has categorically denied. Both Musk and Franco are likely to testify in the coming days in the ongoing trial.

How is Elon Musk connected to the Johnny Depp- Amber Heard defamation case?

As the war of words between Elon Musk and American microblogging site Twitter continues, Tesla CEO has now said that he would cut salaries of Twitter's board of directors to zero if his ongoing attempt to purchase the company succeeds.

'Their salary will be $0, if my bid succeeds,' Elon Musk takes a sly dig at Twitter board

Elon Musk has targeted the Twitter board over the 'poison bill' and threatened to cut salaries. Tesla's CEO holds a 9% stake in the company and said Board's salary will be $0 if my bid succeeds.

Elon Musk's takeover warfare: Tesla CEO threatens to cut salaries

<p>Tesla CEO Elon Musk, who is the richest person in the world, has said that he sleeps at his friend’s spare bedrooms as he does not own a house.</p>

<p>In an interview with the head of TED, Chris Anderson, Musk revealed that he stays with friends around San Francisco’s Bay Area, near the Tesla headquarters, when working in the city.</p>

<p>“I don’t even own a place right now, I’m literally staying at friends’ places,” said 50-year-old Musk, according to the New York Post.</p>

<p>“If I travel to the Bay Area, which is where most of&nbsp;Tesla’s engineering is, I basically rotate through friends’ spare bedrooms.”</p>

<p>The Space X founder, who recently attempted a hostile takeover of Twitter with a $43 billion offer, added that he does not indulge in splurging his wealth for personal consumption.</p>

<p>&nbsp;“For sure, it would be very problematic if I was spending billions of dollars a year in personal consumption, but that is not the case.”</p>

<p>But the billionaire did reveal the one thing he likes to spend his money on.</p>

<p>"It's not as though my personal consumption is high, with the one exception being the plane. If I don't use the plane then I have less hours to work," he added.</p>

<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/elon-musk-looks-to-solidify-relationship-with-twitter-offers-to-buy-for-4139-billion-470976">Elon Musk looks to 'solidify relationship' with Twitter, offers to buy for $41.39 billion</a></p>

<p>In June last year,&nbsp;Musk tweeted&nbsp;that his primary residence is a rental from SpaceX, worth $50,000, which near the company’s Texas location.</p>

<p>In the tweet, also admitted to owning an “events house” in the Bay Area.</p>

<p><strong>Also read |&nbsp;</strong>&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains: The Elon Musk controversy and the current top shareholders of Twitter</a></p>

<p>In May 2020, Musk famously tweeted, “I am selling almost all physical possessions. Will own no house.”</p>

<p><strong>Watch |&nbsp;Elon Musk: The billionaire king of controversy&nbsp;</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-the-billionaire-king-of-controversy-471370/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p><em>(With inputs from agencies)</em></p>


Tesla CEO Elon Musk, who is the richest person in the world, has said that he sleeps at his friend’s spare bedrooms as he does not own a house. In an interview with the head of TED, Chris Anderson, Musk revealed that he stays with friends around San Francisco’s Bay Area, near the Tesla headquarters, when working in the city.

Tesla CEO Elon Musk, who is the richest person in the world, has said that he sleeps at his friend’s spare bedrooms as he does not own a house. In an interview with the head of TED, Chris Anderson, Musk revealed that he stays with friends around San Francisco’s Bay Area, near the Tesla headquarters, when working in the city. “I don’t even own a place right now, I’m literally staying at friends’ places,” said 50-year-old Musk, according to the New York Post. “If I travel to the Bay Area, which is where most of Tesla’s engineering is, I basically rotate through friends’ spare bedrooms.” The Space X founder, who recently attempted a hostile takeover of Twitter with a $43 billion offer, added that he does not indulge in splurging his wealth for personal consumption. “For sure, it would be very problematic if I was spending billions of dollars a year in personal consumption, but that is not the case.” But the billionaire did reveal the one thing he likes to spend his money on. "It's not as though my personal consumption is high, with the one exception being the plane. If I don't use the plane then I have less hours to work," he added. Also read | Elon Musk looks to 'solidify relationship' with Twitter, offers to buy for $41.39 billion In June last year, Musk tweeted that his primary residence is a rental from SpaceX, worth $50,000, which near the company’s Texas location. In the tweet, also admitted to owning an “events house” in the Bay Area. Also read | WION explains: The Elon Musk controversy and the current top shareholders of Twitter In May 2020, Musk famously tweeted, “I am selling almost all physical possessions. Will own no house.” Watch | Elon Musk: The billionaire king of controversy (With inputs from agencies)

World’s richest man Elon Musk says he is homeless

<p>Elon musk has done it again! The eccentric tech billionaire has shared yet another tweet aimed at further riling up the Twitter controversy.</p>

<p>Taking a swipe at the Twitter board of directors, Musk on Monday made a pretty bold statement about board member salaries. This comes after the social media giant decided to adopt a “poison pill” approach to deal with Musk’s hostile takeover bid of $43 billion.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains: The Elon Musk controversy and the current top shareholders of Twitter</a></strong></p>

<p>A Twitter user while talking about Musk’s bid had posted a document along with the text: “Let me point out something obvious: If @elonmusk takes $TWTR private, the TWTR board members don’t have jobs any more, which pays them $250K-$300K per year for what is a nice part-time job. &nbsp;That could explain a lot.”</p>

<p>Responding to the user’s criticism of the board Tesla's CEO tweeted: "Board salary will be $0 if my bid succeeds, so that's ~$3M/year saved right there."&nbsp;</p>

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<p dir="ltr" lang="en">Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1516056299376623626?ref_src=twsrc%5Etfw">April 18, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<p>Musk, a self-described "free speech absolutist" who has continuously criticised Twitter's policies, made no further remarks. Twitter is yet to issue a statement in reply.&nbsp;</p>

<p><strong>Watch |&nbsp;'Their salary will be $0, if my bid succeeds,' Elon Musk takes a sly dig at Twitter board</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/their-salary-will-be-0-if-my-bid-succeeds-elon-musk-takes-a-sly-dig-at-twitter-board-472028/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>The whole Musk-Twitter saga started with the eccentric billionaire purchasing 9.2 per cent stock in the micro-blogging website. This move at that time made him Twitter’s biggest shareholder, a position that was short-lived. Now, the Vanguard group holds that position with a 10.3 per cent stake.</p>

<p>On Thursday, continuing his tirade against the company Musk launched a poll asking his millions of followers if "taking Twitter private at $54.20 should be up to shareholders, not the board", to which a huge majority responded "Yes".</p>

<p>After Twitter launched the 'poison pill' protocol, a plan to sell shares at a discount to prevent shareholders from amassing a stake of more than 15 per cent, Tesla CEO Elon Musk also tweeted "Love Me Tender," an Elvis Presley song.</p>

<p>Meanwhile, Twitter co-founder and former CEO Jack Dorsey chastised the company's board in a series of tweet replies on Saturday, saying &nbsp;"it's consistently been the dysfunction of the company."</p>

<p><em>(With inputs from agencies)</em></p>


Elon musk has done it again! The eccentric tech billionaire has shared yet another tweet aimed at further riling up the Twitter controversy. Taking a swipe at the Twitter board of directors, Musk on Monday made a pretty bold statement about board member salaries.

Elon musk has done it again! The eccentric tech billionaire has shared yet another tweet aimed at further riling up the Twitter controversy. Taking a swipe at the Twitter board of directors, Musk on Monday made a pretty bold statement about board member salaries. This comes after the social media giant decided to adopt a “poison pill” approach to deal with Musk’s hostile takeover bid of $43 billion. Also read | WION explains: The Elon Musk controversy and the current top shareholders of Twitter A Twitter user while talking about Musk’s bid had posted a document along with the text: “Let me point out something obvious: If @elonmusk takes $TWTR private, the TWTR board members don’t have jobs any more, which pays them $250K-$300K per year for what is a nice part-time job. That could explain a lot.” Responding to the user’s criticism of the board Tesla's CEO tweeted: "Board salary will be $0 if my bid succeeds, so that's ~$3M/year saved right there." Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there — Elon Musk (@elonmusk) April 18, 2022 × Musk, a self-described "free speech absolutist" who has continuously criticised Twitter's policies, made no further remarks. Twitter is yet to issue a statement in reply. Watch | 'Their salary will be $0, if my bid succeeds,' Elon Musk takes a sly dig at Twitter board The whole Musk-Twitter saga started with the eccentric billionaire purchasing 9.2 per cent stock in the micro-blogging website. This move at that time made him Twitter’s biggest shareholder, a position that was short-lived. Now, the Vanguard group holds that position with a 10.3 per cent stake. On Thursday, continuing his tirade against the company Musk launched a poll asking his millions of followers if "taking Twitter private at $54.20 should be up to shareholders, not the board", to which a huge majority responded "Yes". After Twitter launched the 'poison pill' protocol, a plan to sell shares at a discount to prevent shareholders from amassing a stake of more than 15 per cent, Tesla CEO Elon Musk also tweeted "Love Me Tender," an Elvis Presley song. Meanwhile, Twitter co-founder and former CEO Jack Dorsey chastised the company's board in a series of tweet replies on Saturday, saying "it's consistently been the dysfunction of the company." (With inputs from agencies)

Stung by the 'poison' pill, Elon Musk takes a dig at Twitter board's salaries

<p>Former Twitter CEO Jack Dorsey has slammed the company's board after it adopted a 'poison pill' to protect itself.</p>

<p>''It’s consistently been the dysfunction of the company,'' Dorsey said in reply to a tweet about ''plots and coups''.</p>

<p>A Twitter user had started a Twitter thread saying, ''The wrong partner on your board can literally make a billion dollars in value evaporate.''</p>

<p>''It is not the sole reason behind every startup failure but it is the true story a surprising percentage of the time.''</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musks-twitter-play-sparks-controversies-tesla-owner-to-modify-social-media-for-his-interests-471530/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Another user responded to it by quoting capitalist Fred Destin, “What I do know for sure is that this old Silicon Valley proverb is grounded in age-old wisdom that still applies today: Good boards don’t create good companies, but a bad board will kill a company every time.”</p>

<p>Meanwhile, Dorsey responded with two words ''big facts.''</p>

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<p dir="ltr" lang="en">it’s consistently been the dysfunction of the company</p>
— jack⚡️ (@jack) <a href="https://twitter.com/jack/status/1515549577352564740?ref_src=twsrc%5Etfw">April 17, 2022</a></blockquote>
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<p>It comes after Twitter adopted the 'poison pill' to protect itself from an offer made by billionaire Elon Musk worth $43 billion.</p>

<p>In a tweet, Musk said, ''Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there.''</p>

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<p dir="ltr" lang="en">Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1516056299376623626?ref_src=twsrc%5Etfw">April 18, 2022</a></blockquote>
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<p>He had previously tweeted “the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.”</p>

<p>Although Dorsey is still a board member he is mulling to leave to in May when his term expires.</p>

<p>After Musk, who owns 9.1 per cent of shares in Twitter, Dorsey is the company's largest insider stakeholder.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/technology/love-me-tender-cryptic-tweets-continue-to-pour-in-from-elon-musk-after-twitter-bid-row-471929" hreflang="en">'Love me tender': Cryptic tweets continue to pour in from Elon Musk after Twitter bid row</a></strong></p>

<p>Dorsey, the co-founder of Twitter, had stepped down as the chief executive officer last year and “ended up with very little of the company.”</p>

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<p dir="ltr" lang="en">When I was fired in 2008 and made chair, the board took most of my shares away from me. I also gave 1% of the company back to the employee pool in 2015. So, ended up with very little of company. <a href="https://t.co/ARyAn542k6">https://t.co/ARyAn542k6</a></p>
— jack⚡️ (@jack) <a href="https://twitter.com/jack/status/1515443564959911942?ref_src=twsrc%5Etfw">April 16, 2022</a></blockquote>
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<p>Twitter Inc has made it clear that it will “reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders.”</p>

<p>However, current Twitter CEO Parag Agrawal has called Musk "a passionate believer and intense critic of the service which is exactly what we need."&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>


Former Twitter CEO Jack Dorsey has slammed the company's board after it adopted a 'poison pill' to protect itself. ''It’s consistently been the dysfunction of the company,'' Dorsey said in reply to a tweet about ''plots and coups''.

Former Twitter CEO Jack Dorsey has slammed the company's board after it adopted a 'poison pill' to protect itself. ''It’s consistently been the dysfunction of the company,'' Dorsey said in reply to a tweet about ''plots and coups''. A Twitter user had started a Twitter thread saying, ''The wrong partner on your board can literally make a billion dollars in value evaporate.'' ''It is not the sole reason behind every startup failure but it is the true story a surprising percentage of the time.'' Another user responded to it by quoting capitalist Fred Destin, “What I do know for sure is that this old Silicon Valley proverb is grounded in age-old wisdom that still applies today: Good boards don’t create good companies, but a bad board will kill a company every time.” Meanwhile, Dorsey responded with two words ''big facts.'' it’s consistently been the dysfunction of the company — jack⚡️ (@jack) April 17, 2022 × It comes after Twitter adopted the 'poison pill' to protect itself from an offer made by billionaire Elon Musk worth $43 billion. In a tweet, Musk said, ''Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there.'' Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there — Elon Musk (@elonmusk) April 18, 2022 × He had previously tweeted “the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.” Although Dorsey is still a board member he is mulling to leave to in May when his term expires. After Musk, who owns 9.1 per cent of shares in Twitter, Dorsey is the company's largest insider stakeholder. Also read | 'Love me tender': Cryptic tweets continue to pour in from Elon Musk after Twitter bid row Dorsey, the co-founder of Twitter, had stepped down as the chief executive officer last year and “ended up with very little of the company.” When I was fired in 2008 and made chair, the board took most of my shares away from me. I also gave 1% of the company back to the employee pool in 2015. So, ended up with very little of company. https://t.co/ARyAn542k6 — jack⚡️ (@jack) April 16, 2022 × Twitter Inc has made it clear that it will “reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders.” However, current Twitter CEO Parag Agrawal has called Musk "a passionate believer and intense critic of the service which is exactly what we need." (With inputs from agencies)

Former Twitter CEO Jack Dorsey slams company's board after it adopts 'poison pill'

<p>Mercurial billionaire Elon Musk is an enigmatic man. Continuing his trend of posting cryptic tweets, he has tweeted the title of a song by Elvis Presley.</p>

<p>''Love me tender,'' the Tesla CEO said in a tweet.</p>

<p>His tweet comes after his offer to buy Twitter worth $43 billion was rejected by the social media giant.</p>

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<p dir="ltr" lang="en">🎶 Love Me Tender 🎶</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1515405264740134918?ref_src=twsrc%5Etfw">April 16, 2022</a></blockquote>
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<p>However, it seems Musk has not lost hope and he is still optimistic about acquiring the tech titan.</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/board-members-own-almost-no-shares-elon-musk-takes-a-dig-at-twitter-471577/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>"It would be utterly indefensible not to put this offer to a shareholder vote," Musk said in another tweet.</p>

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<p dir="ltr" lang="und">🤔 <a href="https://t.co/PfqYpLiuVd">pic.twitter.com/PfqYpLiuVd</a></p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1514726980909948928?ref_src=twsrc%5Etfw">April 14, 2022</a></blockquote>
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<p>Experts believe that Musk can bypass Twitter's board by putting forward another hostile bid directly to its shareholders.&nbsp;</p>

<p>Musk, who is the co-founder of SpaceX and is leading Neuralink as well as 'The Boring Company', is one of the most-followed people on Twitter.</p>

<p>He has a following of 82 million rivaling pop stars such as Lady Gaga and Ariana Grande.</p>

<p><strong>Also see |&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576" hreflang="en">WION explains: The Elon Musk controversy and the current top shareholders of Twitter</a></strong></p>

<p>''Taking Twitter private at $54.20 should be up to shareholders, not the board,'' Musk said in another tweet.</p>

<div class="ui-state-default" contenteditable="false">
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<p dir="ltr" lang="en">Taking Twitter private at $54.20 should be up to shareholders, not the board</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1514698036760530945?ref_src=twsrc%5Etfw">April 14, 2022</a></blockquote>
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<p>In response, Twitter spokesperson Adrian Zamora said, “Our policy decisions are not determined by the board or shareholders, and we have no plans to reverse any policy decisions.”</p>

<p>Musk describes himself as a “free speech absolutist.” He has criticised Twitter for not living up to its free speech principles.</p>

<div class="ui-state-default" contenteditable="false">
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<p dir="ltr" lang="en">Will endeavor to keep as many shareholders in privatized Twitter as allowed by law</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1514681422212128770?ref_src=twsrc%5Etfw">April 14, 2022</a></blockquote>
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<p>The 50-year-old called “crypto spam bots” the “most annoying problem on Twitter.” They search tweets for cryptocurrency related keywords then pose as customer support to empty user crypto wallets.</p>

<p>Musk, who is the world's richest man with a net worth pegged by Forbes at $265 billion, asked ''Is Twitter dying?'' in a post.</p>

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<p dir="ltr" lang="en">Most of these “top” accounts tweet rarely and post very little content.<br />
<br />
Is Twitter dying? <a href="https://t.co/lj9rRXfDHE">https://t.co/lj9rRXfDHE</a></p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1512785529712123906?ref_src=twsrc%5Etfw">April 9, 2022</a></blockquote>
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<p>Musk had faced legal trouble for "false and misleading" about taking Tesla private in 2018.</p>

<p>The US Securities and Exchange Commission had found him guilty of ''recklessly making the statements with knowledge as to their falsity.'' As a result, he had to pay a massive fine of $40 million.</p>

<p><em>(With inputs from agencies)</em></p>


Mercurial billionaire Elon Musk is an enigmatic man. Continuing his trend of posting cryptic tweets, he has tweeted the title of a song by Elvis Presley. ''Love me tender,'' the Tesla CEO said in a tweet.

Mercurial billionaire Elon Musk is an enigmatic man. Continuing his trend of posting cryptic tweets, he has tweeted the title of a song by Elvis Presley. ''Love me tender,'' the Tesla CEO said in a tweet. His tweet comes after his offer to buy Twitter worth $43 billion was rejected by the social media giant. 🎶 Love Me Tender 🎶 — Elon Musk (@elonmusk) April 16, 2022 × However, it seems Musk has not lost hope and he is still optimistic about acquiring the tech titan. "It would be utterly indefensible not to put this offer to a shareholder vote," Musk said in another tweet. 🤔 pic.twitter.com/PfqYpLiuVd — Elon Musk (@elonmusk) April 14, 2022 × Experts believe that Musk can bypass Twitter's board by putting forward another hostile bid directly to its shareholders. Musk, who is the co-founder of SpaceX and is leading Neuralink as well as 'The Boring Company', is one of the most-followed people on Twitter. He has a following of 82 million rivaling pop stars such as Lady Gaga and Ariana Grande. Also see | WION explains: The Elon Musk controversy and the current top shareholders of Twitter ''Taking Twitter private at $54.20 should be up to shareholders, not the board,'' Musk said in another tweet. Taking Twitter private at $54.20 should be up to shareholders, not the board — Elon Musk (@elonmusk) April 14, 2022 × In response, Twitter spokesperson Adrian Zamora said, “Our policy decisions are not determined by the board or shareholders, and we have no plans to reverse any policy decisions.” Musk describes himself as a “free speech absolutist.” He has criticised Twitter for not living up to its free speech principles. Will endeavor to keep as many shareholders in privatized Twitter as allowed by law — Elon Musk (@elonmusk) April 14, 2022 × The 50-year-old called “crypto spam bots” the “most annoying problem on Twitter.” They search tweets for cryptocurrency related keywords then pose as customer support to empty user crypto wallets. Musk, who is the world's richest man with a net worth pegged by Forbes at $265 billion, asked ''Is Twitter dying?'' in a post. Most of these “top” accounts tweet rarely and post very little content. Is Twitter dying? https://t.co/lj9rRXfDHE — Elon Musk (@elonmusk) April 9, 2022 × Musk had faced legal trouble for "false and misleading" about taking Tesla private in 2018. The US Securities and Exchange Commission had found him guilty of ''recklessly making the statements with knowledge as to their falsity.'' As a result, he had to pay a massive fine of $40 million. (With inputs from agencies)

'Love me tender': Cryptic tweets continue to pour in from Elon Musk after Twitter bid row

<p>A US judge declared Elon Musk's tweets in 2018 in which he claimed that he had secured financing to take Tesla private were "false and misleading".</p>

<p>The court said Musk's tweets "recklessly made the statements with knowledge as to their falsity". Tesla's share prices had fluctuated for days after Musk's August 7, 2018 tweet. Reports claim investors are seeking damages over the tweets.</p>

<p><a href="https://www.wionews.com/world/elon-musk-not-sure-if-hell-be-able-to-acquire-twitter-471099">Also Read:&nbsp;Musk not sure if he could&nbsp;acquire Twitter, has a Plan B, calls SEC 'bastards'</a></p>

<p>Musk has been accused of engaging in a "high-profile public campaign to present a contradictory and false narrative regarding his August 7, 2018 tweets".</p>

<p>The US Securities and Exchange Commission had also charged Musk with fraud after the controversial tweets. Musk later stepped down as Tesla chairman as he settled with the US market regulator and agreed to pay a &nbsp;$20 million fine.</p>

<p>The latest ruling comes as Musk has been engaged in a war with Twitter over joining the board. The SpaceX chief in a tweet said,"Taking Twitter private at $54.20 should be up to shareholders, not the board," while citing an online poll.&nbsp;</p>

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<p dir="ltr" lang="en">Taking Twitter private at $54.20 should be up to shareholders, not the board</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1514698036760530945?ref_src=twsrc%5Etfw">April 14, 2022</a></blockquote>
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<p>Musk had announced he has over nine per cent stake in Twitter making him the second-largest shareholder after mutual fund giant Vanguard Group which owns 10.3 per cent shares.&nbsp;</p>

<p><strong>Watch:&nbsp;Elon Musk's Twitter play sparks controversies</strong></p>

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<p>Morgan Stanley is another heavyweight which has 8.4 per cent stake and Blackrock owns a 6.5 per cent with State Street Corp which is an investment firm owning&nbsp;4.5 per cent of Twitter.</p>

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<p dir="ltr" lang="en">Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. <a href="https://t.co/lfrXACavvk">pic.twitter.com/lfrXACavvk</a></p>
— Parag Agrawal (@paraga) <a href="https://twitter.com/paraga/status/1513354622466867201?ref_src=twsrc%5Etfw">April 11, 2022</a></blockquote>
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<p>Also, Saudi Prince Alwaleed bin Talal has 5.2 per cent holding in Twitter. Elon Musk had&nbsp;said with Jack Dorsey departing, the Twitter board collectively owned&nbsp;almost no shares as the microblogging site announced a "poison pill" plan to make it harder for people like Elon Musk to get a controlling stake.</p>

<p>(With inputs from Agencies)</p>


A US judge declared Elon Musk's tweets in 2018 in which he claimed that he had secured financing to take Tesla private were "false and misleading". The court said Musk's tweets "recklessly made the statements with knowledge as to their falsity".

A US judge declared Elon Musk's tweets in 2018 in which he claimed that he had secured financing to take Tesla private were "false and misleading". The court said Musk's tweets "recklessly made the statements with knowledge as to their falsity". Tesla's share prices had fluctuated for days after Musk's August 7, 2018 tweet. Reports claim investors are seeking damages over the tweets. Also Read: Musk not sure if he could acquire Twitter, has a Plan B, calls SEC 'bastards' Musk has been accused of engaging in a "high-profile public campaign to present a contradictory and false narrative regarding his August 7, 2018 tweets". The US Securities and Exchange Commission had also charged Musk with fraud after the controversial tweets. Musk later stepped down as Tesla chairman as he settled with the US market regulator and agreed to pay a $20 million fine. The latest ruling comes as Musk has been engaged in a war with Twitter over joining the board. The SpaceX chief in a tweet said,"Taking Twitter private at $54.20 should be up to shareholders, not the board," while citing an online poll. Taking Twitter private at $54.20 should be up to shareholders, not the board — Elon Musk (@elonmusk) April 14, 2022 × Musk had announced he has over nine per cent stake in Twitter making him the second-largest shareholder after mutual fund giant Vanguard Group which owns 10.3 per cent shares. Watch: Elon Musk's Twitter play sparks controversies Morgan Stanley is another heavyweight which has 8.4 per cent stake and Blackrock owns a 6.5 per cent with State Street Corp which is an investment firm owning 4.5 per cent of Twitter. Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk — Parag Agrawal (@paraga) April 11, 2022 × Also, Saudi Prince Alwaleed bin Talal has 5.2 per cent holding in Twitter. Elon Musk had said with Jack Dorsey departing, the Twitter board collectively owned almost no shares as the microblogging site announced a "poison pill" plan to make it harder for people like Elon Musk to get a controlling stake. (With inputs from Agencies)

Musk's tweets on Tesla were 'false and misleading', rules US court

Elon Musk of wars is not new to controversy. The world's richest man often uses social media handles to solve business issues. The Tesla CEO has used the microblogging site Twitter many times in the past to communicate with various governments for his business interest.

Elon Musk's Twitter play sparks controversies, Tesla owner to modify social media for his interests?

Twitter has been in the news lately mostly for the wrong reasons. Since Elon Musk hold stakes in the microblogging site, his fight with Twitter is getting worse.

'Board members own almost no shares,' Elon Musk takes a dig at Twitter

American microblogging company Twitter is pulling out all stops to shield itself from hostile acquisition bids. To ward off Elon Musk's buyout bid, Twitter has announced to adopt 'poison pill' plan to make it harder for the Tesla CEO to get a controlling stake in the company

Twitter adopts 'Poison Pill' defence, warding off Musk's buyout bid

Twitter adopts 'Poison Pill' defence, warding off Elon Musk's buyout bid

Tesla CEO Elon Musk is not new to controversies, the world's richest man often uses social media handles to solve business issues. He has used Twitter many times in the past to communicate with various governments for his business interests. Recently, he took to Twitter urging the Indian government to reduce import duties on electric vehicles.

Elon Musk's Twitter ownership may create trouble, questions over conflict of interests

Elon Musk has offered to buy Twitter for $43 billion. Reports claim, the company is considering a "poison pill" to slow or block Musk's bid for a hostile takeover. Molly Gambhir brings you a report.

Gravitas: Will Twitter swallow the "poison pill" to survive?

What was in Elon Musk's mind when the world's richest person made a hostile bid to buy Twitter?. The billionaire made an offer worth $43 billion to take over Twitter. He says he wants to restore its commitment to “free speech”, insisting it's not about money. But experts are questioning his ulterior motives. There's a history in Twitter-Musk relations.

Revenge, ego trip, or free speech crusade? What's behind Musk's Twitter takeover bid?

ElonMusk: I made an offer Days after rejecting a seat on the company's board, Musk offers to buy What's Twitter's reply? What will be the world's richest man's next move? Watch Elon Musk: The Billionaire King of Controversy on WION Wide angle

ELON MUSK: THE BILLIONAIRE KING OF CONTROVERSY

<p lang="EN-US" paraeid="{52b67b74-7e19-4221-9b53-f32f946819f1}{60}" paraid="1660413685" >According to a regulatory filing, billionaire Elon Musk has made an offer of $41.39 billion to buy social microblogging site, Twitter.&nbsp; &nbsp;</p>

<p lang="EN-US" paraeid="{52b67b74-7e19-4221-9b53-f32f946819f1}{125}" paraid="1947746362" >Musk’s relationship with this social media platform is quite long. After holding numerous polls on it, the Tesla CEO had recently suggested a raft of changes for the platform. He was also going to join its board of directors but later abandoned the plan. Elon Musk was also reportedly sued by the shareholders of Twitter. &nbsp;</p>

<p lang="EN-US" paraeid="{52b67b74-7e19-4221-9b53-f32f946819f1}{125}" paraid="1947746362" ><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/russias-ukraine-invasion-costs-us-company-boeing-over-90-jet-orders-470797" hreflang="en">Russia's Ukraine invasion costs US company Boeing over 90 jet orders&nbsp;</a></strong></p>

<p lang="EN-US" paraeid="{52b67b74-7e19-4221-9b53-f32f946819f1}{139}" paraid="787805850" >The billionaire is offering a price of $54.20 per share. It was disclosed in the filing on Thursday. He has looked to give a 38% premium over the closing price of stock of Twitter on April 1. It was the last day of trading before Musk's investment of over 9% in the firm was announced publicly. &nbsp;</p>

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<p dir="ltr" lang="en">I made an offer <a href="https://t.co/VvreuPMeLu">https://t.co/VvreuPMeLu</a></p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1514564966564651008?ref_src=twsrc%5Etfw">April 14, 2022</a></blockquote>
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<p>In pre-market trading, the shares of Twitter have also jumped by around 12%. &nbsp;</p>

<p lang="EN-US" paraeid="{52b67b74-7e19-4221-9b53-f32f946819f1}{153}" paraid="1853585691" ><strong>Watch | Gravitas: Elon Musk offers to buy Twitter</strong></p>

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<p>In a letter to Twitter Chairman Bret Taylor, Musk, said, "Since making my investment, I now realise the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." &nbsp;</p>

<p lang="EN-US" paraeid="{52b67b74-7e19-4221-9b53-f32f946819f1}{181}" paraid="70167869" ><em>(With inputs from agencies)&nbsp;</em></p>


According to a regulatory filing, billionaire Elon Musk has made an offer of $41.39 billion to buy social microblogging site, Twitter. Musk’s relationship with this social media platform is quite long.

According to a regulatory filing, billionaire Elon Musk has made an offer of $41.39 billion to buy social microblogging site, Twitter. Musk’s relationship with this social media platform is quite long. After holding numerous polls on it, the Tesla CEO had recently suggested a raft of changes for the platform. He was also going to join its board of directors but later abandoned the plan. Elon Musk was also reportedly sued by the shareholders of Twitter. Also Read: Russia's Ukraine invasion costs US company Boeing over 90 jet orders The billionaire is offering a price of $54.20 per share. It was disclosed in the filing on Thursday. He has looked to give a 38% premium over the closing price of stock of Twitter on April 1. It was the last day of trading before Musk's investment of over 9% in the firm was announced publicly. I made an offer https://t.co/VvreuPMeLu — Elon Musk (@elonmusk) April 14, 2022 × In pre-market trading, the shares of Twitter have also jumped by around 12%. Watch | Gravitas: Elon Musk offers to buy Twitter × In a letter to Twitter Chairman Bret Taylor, Musk, said, "Since making my investment, I now realise the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." (With inputs from agencies)

Elon Musk looks to 'solidify relationship' with Twitter, offers to buy for $41.39 billion

<p>Just hours after Elon Musk offered to buy tech giant Twitter for $41.39 billion, the billionaire said he was not sure if he would 'be able to acquire it', but hinted at a plan B.</p>

<p>Asserting that his hostile bid was not aimed at making money but to create an inclusive arena for free speech, Musk said he has sufficient assets to carry out the deal. Musk's net worth is estimated to be around $282 billion.</p>

<p>Speaking at TED2022 conference in Vancouver, Musk did not disclose what his plan B is but reports said he could dump the 9.2% stake in the company which had made him the largest shareholder in the social media giant.&nbsp;</p>

<p>"I am not sure that I will actually be able to acquire it," he told the conference.</p>

<p>He called &nbsp;Securities and Exchange Commission officials "bastards" for bringing fraud charges against him over his 2018 tweets regarding taking Tesla private.</p>

<p>"So I was forced to concede to the SEC unlawfully. Those bastards."</p>

<p>Musk offered to buy Twitter in a regulatory filing on Thursday. He is offering $54.20 per share. He made an announcement about his offer in a short tweet on Thursday that said 'I made an offer'.</p>

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<p dir="ltr" lang="en">I made an offer <a href="https://t.co/VvreuPMeLu">https://t.co/VvreuPMeLu</a></p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1514564966564651008?ref_src=twsrc%5Etfw">April 14, 2022</a></blockquote>
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<p>&nbsp;</p>

<p>Musk has looked to give 38 per cent&nbsp;premium over the closing price of the stock of Twitter on April 1.</p>

<p>The single tweet from the billionaire sent shockwaves through the business world. The offer elicited fears as well as cheers.</p>

<p>Tech watchers reacted to the Tesla chief's proposal for one of the world's most influential information exchanges with immediate worries about accountability, public discourse and even how it could impact democracy.</p>

<p>"Twitter is too important to be owned and controlled by a single person," tweeted venture capitalist Fred Wilson. "The opposite should be happening. Twitter should be decentralized."</p>

<p>Saudi Prince Alwaleed bin Talal has already come out against the proposal, saying it's too low, drawing a sharp reply from Musk questioning Saudi Arabia's "views on journalistic freedom of speech."</p>

<p>Still, Musk provided some detail Thursday on his vision, saying he'd like to lift the veil on the algorithm that runs on the platform, even allowing people to look through it and suggest changes.</p>

<p>The mercurial billionaire is known to support free speech but is also opposed to curbs which experts believe are important to prevent negative real-world ramifications like violence.</p>

<p>"I do think that we want to be just very reluctant to delete things and just be very cautious with permanent bans. Timeouts, I think are better," Musk told the Ted conference on Thursday, without addressing Trump directly.&nbsp;</p>

<p>"I think we want to really have, like a sort of obsession and reality, that speech is as free as reasonably possible," he added.</p>

<p><strong>Twitter not held hostage by Musk offer, says CEO</strong></p>

<p>Meanwhile, speaking to employees, Twitter CEO Parag Agarwal said the company is not held hostage by Musk's offer.</p>

<p>"We as employees control what happens,"&nbsp; he told staff, asking them to remain focused, according to news agency Reuters.</p>

<p>It said he was responding to staff queries posted on the Slack messaging service of Twitter.&nbsp;</p>

<p>Agarwal faced some tough questions in the interaction with staff.</p>

<p>One of them asked how Twitter decided to offer Musk a seat in the company's board. "Are we just going to start inviting any and all billionaires to the board?"</p>

<p>According to Reuters, Agrawal said the board was acting in the best interest of shareholders. "I have a strong point of view that people who are critical of our service, their voice is something that we must emphasise so that we can learn and get better."</p>

<p>Agarwal didn't directly address a question as to how he viewed Musk's definition of free speech, according to Reuters. He said the company's work was focused on continuously improving "the health of conversation" on Twitter.</p>

<p>On Musk's takeover offer, Agrawal said the board was continuing to review it, adding he was limited in what he could share with the employees.</p>

<p><em>(With inputs from agencies)</em></p>


Just hours after Elon Musk offered to buy tech giant Twitter for $41.39 billion, the billionaire said he was not sure if he would 'be able to acquire it', but hinted at a plan B.

Just hours after Elon Musk offered to buy tech giant Twitter for $41.39 billion, the billionaire said he was not sure if he would 'be able to acquire it', but hinted at a plan B. Asserting that his hostile bid was not aimed at making money but to create an inclusive arena for free speech, Musk said he has sufficient assets to carry out the deal. Musk's net worth is estimated to be around $282 billion. Speaking at TED2022 conference in Vancouver, Musk did not disclose what his plan B is but reports said he could dump the 9.2% stake in the company which had made him the largest shareholder in the social media giant. "I am not sure that I will actually be able to acquire it," he told the conference. He called Securities and Exchange Commission officials "bastards" for bringing fraud charges against him over his 2018 tweets regarding taking Tesla private. "So I was forced to concede to the SEC unlawfully. Those bastards." Musk offered to buy Twitter in a regulatory filing on Thursday. He is offering $54.20 per share. He made an announcement about his offer in a short tweet on Thursday that said 'I made an offer'. I made an offer https://t.co/VvreuPMeLu — Elon Musk (@elonmusk) April 14, 2022 × Musk has looked to give 38 per cent premium over the closing price of the stock of Twitter on April 1. The single tweet from the billionaire sent shockwaves through the business world. The offer elicited fears as well as cheers. Tech watchers reacted to the Tesla chief's proposal for one of the world's most influential information exchanges with immediate worries about accountability, public discourse and even how it could impact democracy. "Twitter is too important to be owned and controlled by a single person," tweeted venture capitalist Fred Wilson. "The opposite should be happening. Twitter should be decentralized." Saudi Prince Alwaleed bin Talal has already come out against the proposal, saying it's too low, drawing a sharp reply from Musk questioning Saudi Arabia's "views on journalistic freedom of speech." Still, Musk provided some detail Thursday on his vision, saying he'd like to lift the veil on the algorithm that runs on the platform, even allowing people to look through it and suggest changes. The mercurial billionaire is known to support free speech but is also opposed to curbs which experts believe are important to prevent negative real-world ramifications like violence. "I do think that we want to be just very reluctant to delete things and just be very cautious with permanent bans. Timeouts, I think are better," Musk told the Ted conference on Thursday, without addressing Trump directly. "I think we want to really have, like a sort of obsession and reality, that speech is as free as reasonably possible," he added. Twitter not held hostage by Musk offer, says CEO Meanwhile, speaking to employees, Twitter CEO Parag Agarwal said the company is not held hostage by Musk's offer. "We as employees control what happens," he told staff, asking them to remain focused, according to news agency Reuters. It said he was responding to staff queries posted on the Slack messaging service of Twitter. Agarwal faced some tough questions in the interaction with staff. One of them asked how Twitter decided to offer Musk a seat in the company's board. "Are we just going to start inviting any and all billionaires to the board?" According to Reuters, Agrawal said the board was acting in the best interest of shareholders. "I have a strong point of view that people who are critical of our service, their voice is something that we must emphasise so that we can learn and get better." Agarwal didn't directly address a question as to how he viewed Musk's definition of free speech, according to Reuters. He said the company's work was focused on continuously improving "the health of conversation" on Twitter. On Musk's takeover offer, Agrawal said the board was continuing to review it, adding he was limited in what he could share with the employees. (With inputs from agencies)

Elon Musk not sure if he could acquire Twitter, has a Plan B, calls SEC 'bastards'

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately. Musk’s offer values Twitter at about $43 billion.

Elon Musk to 'unlock Twitter's potential', says $43 billion is his final offer for Twitter

<p>Hostile takeovers are not new to the world. In the past, several companies have been subjected to it. But it seems Twitter does not want to go through it. &nbsp;&nbsp;</p>

<p>After billionaire Elon Musk made a bid to take over the platform,&nbsp;the board of directors of the firm is not likely to take it, The Information reported on Thursday.</p>

<p>The company seems to have been thinking about using 'poison pill' protocol to kill the attempt, said another report.&nbsp;&nbsp;</p>

<p>As per the expectation, Twitter moved to defend itself against hostile takeover bid on Friday. The firm announced the plan to let shareholders purchase additional stock.</p>

<p>In a statement,&nbsp;Twitter, said,&nbsp;"The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium."&nbsp;</p>

<p><strong>What is 'poison pill' or 'Rights Plan'&nbsp;</strong><strong>tactic? &nbsp;</strong></p>

<p>According to the strategy, the social microblogging site can activate its shareholder's rights plan. It can help in turning the hostile takeover into an expensive and complex process, 'The New York Times'&nbsp;reported citing sources. &nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/elon-musk-not-sure-if-hell-be-able-to-acquire-twitter-471099">Elon Musk not sure of Twitter acquisition, has a Plan B, calls SEC 'bastards'</a></strong></p>

<p>When the plan gets activated, the shareholders get the right to buy additional shares at a discounted rate, said the report. &nbsp;</p>

<p lang="EN-US" paraeid="{0abe06ce-d9e4-4244-81e2-1f281d7c1842}{127}" paraid="403393247" >The tactic helps to avoid hostile takeovers as it dilutes the stake of an acquirer by creating surplus shares in the market. It tends to create&nbsp;a "pill", which makes a takeover too hard to go for financially.&nbsp;</p>

<p>So, it would eventually reduce ownership interest of the Tesla CEO Elon Musk. &nbsp;</p>

<p><strong>The offer &nbsp;</strong></p>

<p>On Thursday, the Twitter board met to discuss the takeover bid of the billionaire. According to a regulatory filing, billionaire Elon Musk had made an offer of $41.39 billion to buy the company. He has offered a price of $54.20 per share. &nbsp; &nbsp;</p>

<p><strong>Watch:&nbsp;Twitter not held hostage by Elon Musk offer: CEO Parag Agrawal</strong></p>

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<p>Musk’s relationship with this social media platform is quite long. After holding numerous polls on it, the Tesla CEO had recently suggested a raft of changes for the platform. He was also going to join its board of directors but later abandoned the plan. Elon Musk was also reportedly sued by the shareholders of Twitter. &nbsp; &nbsp;</p>

<p>In a letter to Twitter Chairman Bret Taylor, Musk, said, "Since making my investment, I now realise the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." &nbsp; &nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


Hostile takeovers are not new to the world. In the past, several companies have been subjected to it. But it seems Twitter does not want to go through it. After billionaire Elon Musk made a bid to take over the platform, the board of directors of the firm is not likely to take it, The Information reported on Thursday.

Hostile takeovers are not new to the world. In the past, several companies have been subjected to it. But it seems Twitter does not want to go through it. After billionaire Elon Musk made a bid to take over the platform, the board of directors of the firm is not likely to take it, The Information reported on Thursday. The company seems to have been thinking about using 'poison pill' protocol to kill the attempt, said another report. As per the expectation, Twitter moved to defend itself against hostile takeover bid on Friday. The firm announced the plan to let shareholders purchase additional stock. In a statement, Twitter, said, "The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium." What is 'poison pill' or 'Rights Plan' tactic? According to the strategy, the social microblogging site can activate its shareholder's rights plan. It can help in turning the hostile takeover into an expensive and complex process, 'The New York Times' reported citing sources. Also Read: Elon Musk not sure of Twitter acquisition, has a Plan B, calls SEC 'bastards' When the plan gets activated, the shareholders get the right to buy additional shares at a discounted rate, said the report. The tactic helps to avoid hostile takeovers as it dilutes the stake of an acquirer by creating surplus shares in the market. It tends to create a "pill", which makes a takeover too hard to go for financially. So, it would eventually reduce ownership interest of the Tesla CEO Elon Musk. The offer On Thursday, the Twitter board met to discuss the takeover bid of the billionaire. According to a regulatory filing, billionaire Elon Musk had made an offer of $41.39 billion to buy the company. He has offered a price of $54.20 per share. Watch: Twitter not held hostage by Elon Musk offer: CEO Parag Agrawal × Musk’s relationship with this social media platform is quite long. After holding numerous polls on it, the Tesla CEO had recently suggested a raft of changes for the platform. He was also going to join its board of directors but later abandoned the plan. Elon Musk was also reportedly sued by the shareholders of Twitter. In a letter to Twitter Chairman Bret Taylor, Musk, said, "Since making my investment, I now realise the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." (With inputs from agencies)

To kill Elon Musk's hostile takeover bid, Twitter goes for 'poison pill'  

The social media platform says the proposal is unsolicited. Musk says he will reconsider his position as shareholder if Twitter does not accept his offer.

Gravitas: Elon Musk offers to buy Twitter

Twitter CEO Parag Agrawal sought to reassure employees that the company was not being held hostage by news of Elon Musk's offer to buy the company while speaking at a meeting with the employees

Twitter not held hostage by Elon Musk offer: CEO Parag Agrawal

Elon Musk offers to buy Twitter for $43 billion

Elon Musk was sued on Tuesday by former Twitter shareholders who claim they missed out on the recent run-up in its stock price because he waited too long to disclose a 9.2% stake in the social media company.

Elon Musk sued by Twitter shareholders over delay in disclosing stake

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