Elon Musk has offered to buy Twitter once again. The Tesla CEO has made yet another U-turn on the acquisition of Twitter, days before he is scheduled to appear in court. Priyanka Sharma breaks down the new offer for you.

WION Fineprint | Musk’s Twitter deal is back on: What you need to know

The South Korean and the United States military fired four missiles into the sea in response to North Korea’s intermediate-range ballistic missile tests on Tuesday. In other news, Tesla CEO Elon Musk’s proposed takeover of Twitter seems to be back on track as the billionaire has filed to complete the $44 billion acquisition. Finally, Pakistan prime minister Shehbaz Sharif called former prime minister Imran Khan a cheat and the "biggest liar on earth," whose policies, according to Sharif, have ruined the country's economy.

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<a href="https://www.wionews.com/world/south-korea-us-troops-launch-missiles-in-response-to-north-korea-tests-522498">South Korea, US troops launch missiles in response to North Korea tests</a>

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Both nations fired a pair of US-made ATACMS short-range ballistic missiles, he added. South Korea also fired a Hyunmoo-2 missile but the test failed right after the launch.&nbsp;

<a href="https://www.wionews.com/world/twitter-confirms-elon-musk-buyout-offer-says-will-close-at-original-price-522496">Twitter confirms Elon Musk buyout offer, says will close at original price</a>

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Bloomberg reported on Tuesday that Musk was ready to complete the takeover at the original price of $54.20 a share and the report was confirmed to be true thanks to the court filings.

<a href="https://www.wionews.com/south-asia/pak-pm-shehbaz-sharif-calls-imran-khan-a-cheat-and-the-biggest-liar-on-earth-522516">Pak PM Shehbaz Sharif calls Imran Khan a 'cheat' and the 'biggest liar on Earth'</a>

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"I'm not saying this with a sense of glee but a sense of embarrassment and concern. My country's image has been damaged hugely by these lies told out of mean personal interest," he said.&nbsp;

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The South Korean and the United States military fired four missiles into the sea in response to North Korea’s intermediate-range ballistic missile tests on Tuesday.

The South Korean and the United States military fired four missiles into the sea in response to North Korea’s intermediate-range ballistic missile tests on Tuesday. In other news, Tesla CEO Elon Musk’s proposed takeover of Twitter seems to be back on track as the billionaire has filed to complete the $44 billion acquisition. Finally, Pakistan prime minister Shehbaz Sharif called former prime minister Imran Khan a cheat and the "biggest liar on earth," whose policies, according to Sharif, have ruined the country's economy. Click on the headlines to read more: South Korea, US troops launch missiles in response to North Korea tests Both nations fired a pair of US-made ATACMS short-range ballistic missiles, he added. South Korea also fired a Hyunmoo-2 missile but the test failed right after the launch. Twitter confirms Elon Musk buyout offer, says will close at original price Bloomberg reported on Tuesday that Musk was ready to complete the takeover at the original price of $54.20 a share and the report was confirmed to be true thanks to the court filings. Pak PM Shehbaz Sharif calls Imran Khan a 'cheat' and the 'biggest liar on Earth' "I'm not saying this with a sense of glee but a sense of embarrassment and concern. My country's image has been damaged hugely by these lies told out of mean personal interest," he said. Watch | Gravitas Global Headlines: Joe Biden vows to impose 'further costs' on Iran Watch | Gravitas: Have U.S-Pak relations rekindled?

Morning news brief: Twitter deal back on track, Pak PM Sharif calls Khan a 'cheat,' and more

Following confirmation that Tesla chief Elon Musk has offered to buy Twitter with his original offer of $44 billion, the tech mogul revealed the reason for his sudden U-turn.

In his first public remarks following since reviving the offer, the 51-year-old billionaire took to Twitter and said that the acquisition of Twitter is an “accelerant to creating X, the everything app.”

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Buying Twitter is an accelerant to creating X, the everything app
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1577428272056389633?ref_src=twsrc%5Etfw">October 4, 2022</a></blockquote>
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Musk further said that buying the microblogging platform has brought forward his X project by three to five years.

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I think it would have been easier to just start X from scratch tho
— Larckening (@LarckeningXuruo) <a href="https://twitter.com/LarckeningXuruo/status/1577428458019295232?ref_src=twsrc%5Etfw">October 4, 2022</a></blockquote>
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The inspiration behind creating a super app stems from Musk’s admiration of other similar apps from like China’s WeChat and TikTok that offer more services.

He wants to create X as a super app which will combine messaging, social media, payments-and lack of reliance on ad revenue, similar to WeChat.

Though the Tesla chief executive did not explain further what “X” was and what sort of services it would provide, there is a strong indication that he would pit his project against the rivals like WeChat and TikTok.

Meanwhile, Bloomberg on Tuesday reported that the billionaire was ready to complete the takeover at the original price of $54.20 a share.

The report was confirmed after the filing with the US Securities and Exchange Commission on Tuesday was disclosed.

Moreover, lawyers for Musk on Tuesday sent a letter to Twitter offering to honour the original agreement.

Also read |&nbsp;<a href="https://www.wionews.com/world/twitter-confirms-elon-musk-buyout-offer-says-will-close-at-original-price-522496">Twitter confirms Elon Musk buyout offer, says will close at original price</a>

The letter is being reviewed by Twitter lawyers, but reports suggest that the deal has been most likely accepted.

"We received the letter from the Musk parties which they have filed with the SEC," a spokesperson for Twitter said, reports The Verge.

Also read |&nbsp;&nbsp;<a href="https://www.wionews.com/world/elon-musk-twitter-takeover-live-tesla-ceo-offers-to-buy-social-media-platform-as-per-original-deal-522463" hreflang="en">AS IT HAPPENED - Twitter confirms Musk buyout offer</a>&nbsp;

"The intention of the company is to close the transaction at $54.20 per share"

Earlier on Tuesday, Twitter shares trading was halted as the stock price jumped following reports of reviving the deal. The shares went up by nearly 13 per cent at $47.93 before trading was paused.

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Following confirmation that Tesla chief Elon Musk has offered to buy Twitter with his original offer of $44 billion, the tech mogul revealed the reason for his sudden U-turn.

Following confirmation that Tesla chief Elon Musk has offered to buy Twitter with his original offer of $44 billion, the tech mogul revealed the reason for his sudden U-turn. In his first public remarks following since reviving the offer, the 51-year-old billionaire took to Twitter and said that the acquisition of Twitter is an “accelerant to creating X, the everything app.” Buying Twitter is an accelerant to creating X, the everything app — Elon Musk (@elonmusk) October 4, 2022 × Musk further said that buying the microblogging platform has brought forward his X project by three to five years. I think it would have been easier to just start X from scratch tho — Larckening (@LarckeningXuruo) October 4, 2022 × The inspiration behind creating a super app stems from Musk’s admiration of other similar apps from like China’s WeChat and TikTok that offer more services. He wants to create X as a super app which will combine messaging, social media, payments-and lack of reliance on ad revenue, similar to WeChat. Though the Tesla chief executive did not explain further what “X” was and what sort of services it would provide, there is a strong indication that he would pit his project against the rivals like WeChat and TikTok. Meanwhile, Bloomberg on Tuesday reported that the billionaire was ready to complete the takeover at the original price of $54.20 a share. The report was confirmed after the filing with the US Securities and Exchange Commission on Tuesday was disclosed. Moreover, lawyers for Musk on Tuesday sent a letter to Twitter offering to honour the original agreement. Also read | Twitter confirms Elon Musk buyout offer, says will close at original price The letter is being reviewed by Twitter lawyers, but reports suggest that the deal has been most likely accepted. "We received the letter from the Musk parties which they have filed with the SEC," a spokesperson for Twitter said, reports The Verge. Also read | AS IT HAPPENED - Twitter confirms Musk buyout offer "The intention of the company is to close the transaction at $54.20 per share" Earlier on Tuesday, Twitter shares trading was halted as the stock price jumped following reports of reviving the deal. The shares went up by nearly 13 per cent at $47.93 before trading was paused. WATCH WION LIVE HERE:

Elon Musk reveals reason behind reviving Twitter deal

The second and final suspect in the Canada stabbing spree died shortly after his arrest due to self-inflicted wounds, as per reports. In other news, a judge in the US ruled that Tesla CEO Elon Musk can now use the whistleblower's claims in his legal dispute with Twitter. Finally, the US has accused Moscow of committing a war crime by forcibly deporting Ukrainians to Russia. It stated that, as per the information, Russian officials are in charge of the alleged filtration operation.

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<a href="https://www.wionews.com/world/final-suspect-in-canadian-stabbing-spree-arrested-after-dour-day-manhunt-say-police-513938">Final suspect in Canadian stabbing spree dies of self-inflicted injuries: Report</a>

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"Myles Sanderson was located and taken into police custody near Rosthern, Saskatchewan, at approximately 3.30 pm today (Wednesday)," Saskatchewan police said in a statement.

<a href="https://www.wionews.com/world/us-judge-says-elon-musk-can-use-whistleblower-claims-but-rejects-delaying-twitter-trial-513953">US judge says Elon Musk can use whistleblower claims, but rejects delaying Twitter trial</a>

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However, Musk cannot delay the trial over his attempt to walk away from his $44 billion deal for the social media giant. After this, the shares of Twitter rose about 4 per cent&nbsp;in early Wednesday trading to $40.15.&nbsp;

<a href="https://www.wionews.com/world/us-accuses-russia-of-war-crimes-says-it-is-forcibly-deporting-ukrainians-513952">US accuses Russia of war crimes, says it is forcibly deporting Ukrainians</a>

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"These operations aim to identify individuals Russia deems insufficiently compliant or compatible to its control," US Ambassador to the United Nations, Linda Thomas-Greenfield, told the UN Security Council.

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The second and final suspect in the Canada stabbing spree died shortly after his arrest due to self-inflicted wounds, as per reports. In other news, a judge in the US ruled that Tesla CEO Elon Musk can now use the whistleblower's claims in his legal dispute with Twitter.

The second and final suspect in the Canada stabbing spree died shortly after his arrest due to self-inflicted wounds, as per reports. In other news, a judge in the US ruled that Tesla CEO Elon Musk can now use the whistleblower's claims in his legal dispute with Twitter. Finally, the US has accused Moscow of committing a war crime by forcibly deporting Ukrainians to Russia. It stated that, as per the information, Russian officials are in charge of the alleged filtration operation. Click on the headlines to read more: Final suspect in Canadian stabbing spree dies of self-inflicted injuries: Report "Myles Sanderson was located and taken into police custody near Rosthern, Saskatchewan, at approximately 3.30 pm today (Wednesday)," Saskatchewan police said in a statement. US judge says Elon Musk can use whistleblower claims, but rejects delaying Twitter trial However, Musk cannot delay the trial over his attempt to walk away from his $44 billion deal for the social media giant. After this, the shares of Twitter rose about 4 per cent in early Wednesday trading to $40.15. US accuses Russia of war crimes, says it is forcibly deporting Ukrainians "These operations aim to identify individuals Russia deems insufficiently compliant or compatible to its control," US Ambassador to the United Nations, Linda Thomas-Greenfield, told the UN Security Council. Watch | Gravitas: iPhone 14: Same technology, higher price tag? Watch | Shanghai cooperation organisation meet: China looks at new rail connection to Europe

Morning news brief: Final suspect in Canada stabbing dies, US accuses Moscow of war crimes, & more

Elon Musk has recently sent a new letter of deal termination, along with the most recent whistleblower complaint from the former social media head of the social media firm, in the latest effort to sever the $44 billion agreement with Twitter.

Musk and his legal team have also subpoenaed the whistleblower who is known as "Mudge", seeking information about the microblogging platform's methodology for measuring spam accounts.

Famous hacker Peiter Zatko, a.k.a Mudge, alleged in his complaint last week that Twitter falsely stated it had a strong security plan and that the company prioritised user growth over eliminating spam.

Watch |&nbsp;Musk lawyers seize on Twitter whistleblower revelations, forces social media giant to surrender info

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Reuters reports that in a letter dated August 29, Musk and his legal team said that if the allegation were accurate, Twitter had violated some of the terms of the merger agreement.

According to a regulatory filing made by Musk on Tuesday, his legal team claimed that allegations regarding specific facts that Twitter was aware of before July 8 but which&nbsp;were not disclosed to them create additional and distinct grounds to terminate the agreement.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-subpoenas-twitter-whistleblower-for-info-on-spam-security-511273">Elon Musk subpoenas Twitter whistleblower for info on spam, security&nbsp;</a>

However, Twitter has said in its regulatory filing that the new termination notice was illegal and void under the terms of the agreement.

For more than a month now, Tesla CEO has sought ways to terminate the deal with Twitter. In his attempts, he has subpoenaed Twitter founder Jack Dorsey, the social media company's employees and also external players like ad tech firms.

Musk says that the reason behind this is that he was misled by Twitter about the true number of bot or spam account on the platform.

(With inputs from agencies)

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Elon Musk has recently sent a new letter of deal termination, along with the most recent whistleblower complaint from the former social media head of the social media firm, in the latest effort to sever the $44 billion agreement with Twitter.

Elon Musk has recently sent a new letter of deal termination, along with the most recent whistleblower complaint from the former social media head of the social media firm, in the latest effort to sever the $44 billion agreement with Twitter. Musk and his legal team have also subpoenaed the whistleblower who is known as "Mudge", seeking information about the microblogging platform's methodology for measuring spam accounts. Famous hacker Peiter Zatko, a.k.a Mudge, alleged in his complaint last week that Twitter falsely stated it had a strong security plan and that the company prioritised user growth over eliminating spam. Watch | Musk lawyers seize on Twitter whistleblower revelations, forces social media giant to surrender info Reuters reports that in a letter dated August 29, Musk and his legal team said that if the allegation were accurate, Twitter had violated some of the terms of the merger agreement. According to a regulatory filing made by Musk on Tuesday, his legal team claimed that allegations regarding specific facts that Twitter was aware of before July 8 but which were not disclosed to them create additional and distinct grounds to terminate the agreement. Also read | Elon Musk subpoenas Twitter whistleblower for info on spam, security However, Twitter has said in its regulatory filing that the new termination notice was illegal and void under the terms of the agreement. For more than a month now, Tesla CEO has sought ways to terminate the deal with Twitter. In his attempts, he has subpoenaed Twitter founder Jack Dorsey, the social media company's employees and also external players like ad tech firms. Musk says that the reason behind this is that he was misled by Twitter about the true number of bot or spam account on the platform. (With inputs from agencies) Watch WION LIVE HERE: You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

After Twitter whistleblower revelations, Elon Musk launches another bid to terminate deal

Ukraine unveiled plans on how it intends to make Russian President Vladimir Putin responsible for his "crimes." In other news, North Korea reports four new ‘fever’ cases, two weeks after declaring its victory over COVID-19. As per reports, the Pakistani Army has been divided over support for Imran Khan. Finally, Twitter's CEO Parag Agrawal assured the company is working hard to address the issues it is facing and dismissed the whistleblower's allegations as false.

Click on the headlines to read more:

<a href="https://www.wionews.com/world/ukraine-reveals-plan-to-hold-vladimir-putin-accountable-for-his-crime-of-aggression-509955">Ukraine reveals plan to hold Vladimir Putin accountable for his 'crime of aggression'</a>

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As per an AFP report, Ukraine is drawing up plans for a special international tribunal to investigate Russia's alleged "crime of aggression".

<a href="https://www.wionews.com/world/north-korea-reports-four-new-fever-cases-after-declaring-victory-over-covid-19-509966">North Korea reports four 'fever' cases after declaring victory over Covid, blames&nbsp;South&nbsp;Korea</a>

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However, the official KCNA said that the four fever instances had been discovered in the bordering Chinese province of Ryanggang, AFP reported.

<a href="https://www.wionews.com/south-asia/pakistani-army-divided-over-support-for-former-prime-minister-imran-khan-report-509957">Pakistani Army divided over support for former Prime Minister Imran Khan: Report</a>

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The dilemma that the Pakistan military faces are that the more they try to seek to boot Khan out of politics, the greater the risk he becomes even more popular.

<a href="https://www.wionews.com/world/amid-staff-exodus-twitter-ceo-parag-agrawal-dispels-whistleblowers-claims-509939">Amid staff exodus, Twitter CEO Parag Agrawal dispels whistleblower’s claims</a>

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Agrawal said a "false narrative" has been created about the company, which "is currently challenging our integrity”, adding, "I know that that can be frustrating, and I know it can be challenging."

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Ukraine unveiled plans on how it intends to make Russian President Vladimir Putin responsible for his "crimes." In other news, North Korea reports four new ‘fever’ cases, two weeks after declaring its victory over COVID-19.

Ukraine unveiled plans on how it intends to make Russian President Vladimir Putin responsible for his "crimes." In other news, North Korea reports four new ‘fever’ cases, two weeks after declaring its victory over COVID-19. As per reports, the Pakistani Army has been divided over support for Imran Khan. Finally, Twitter's CEO Parag Agrawal assured the company is working hard to address the issues it is facing and dismissed the whistleblower's allegations as false. Click on the headlines to read more: Ukraine reveals plan to hold Vladimir Putin accountable for his 'crime of aggression' As per an AFP report, Ukraine is drawing up plans for a special international tribunal to investigate Russia's alleged "crime of aggression". North Korea reports four 'fever' cases after declaring victory over Covid, blames South Korea However, the official KCNA said that the four fever instances had been discovered in the bordering Chinese province of Ryanggang, AFP reported. Pakistani Army divided over support for former Prime Minister Imran Khan: Report The dilemma that the Pakistan military faces are that the more they try to seek to boot Khan out of politics, the greater the risk he becomes even more popular. Amid staff exodus, Twitter CEO Parag Agrawal dispels whistleblower’s claims Agrawal said a "false narrative" has been created about the company, which "is currently challenging our integrity”, adding, "I know that that can be frustrating, and I know it can be challenging." Watch | United States | Joe Biden: $10,000 loan cut for university graduates

Morning news brief: Ukraine to hold Putin accountable, 4 fever cases in N Korea, and more

In a hunt for material to help him abandon the contentious $44 billion Twitter buyout deal, Elon Musk has now knocked on the doors of co-founder and former Twitter CEO Jack Dorsey.&nbsp;

AFP reports that as per records made public, the Tesla CEO has served Dorsey with a legal order that requires him to give Musk any communications or documents pertaining to the April takeover agreement.&nbsp;

Watch |&nbsp;Elon Musk says Twitter lied about spam accounts, challenges CEO Parag Agrawal to public debate

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The subpoena also asks him to provide details on fake or spam accounts or the methodology used by Twitter to determine the number of active users. It seeks everything Dorsey may have regarding the subjects going back to January 2019.

For weeks now, Musk's attorneys have been sending subpoenas to several individuals to obtain their records or take their depositions.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-embroils-ad-tech-firms-in-twitter-bot-account-controversy-508256">Elon Musk embroils ad tech firms in Twitter bot account controversy</a>

These individuals range from those involved management of Twitter to employees that look after the controversial bot account numbers to even third-party players that have nothing directly to do with the social media giant.

Musk accuses Twitter of fraud, alleging that the firm has "misled" him about the number of accounts that are actually spam or automated "bots" instead of real people.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-wants-to-question-twitter-employees-who-count-bots-505783">Elon Musk wants to question Twitter employees who count bots</a>

But, Twitter is sticking by its estimate of five per cent. As AFP puts it the social media giant accuses the Tesla boss of "contriving a story to escape a merger agreement that he no longer found attractive."

The legal battle is intensifying as trial preparations for Delaware's Chancery Court, which specialises in challenging, high-stakes commercial disputes, have started for an October trial.

(With inputs from agencies)

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In a hunt for material to help him abandon the contentious $44 billion Twitter buyout deal, Elon Musk has now knocked on the doors of co-founder and former Twitter CEO Jack Dorsey.

In a hunt for material to help him abandon the contentious $44 billion Twitter buyout deal, Elon Musk has now knocked on the doors of co-founder and former Twitter CEO Jack Dorsey. AFP reports that as per records made public, the Tesla CEO has served Dorsey with a legal order that requires him to give Musk any communications or documents pertaining to the April takeover agreement. Watch | Elon Musk says Twitter lied about spam accounts, challenges CEO Parag Agrawal to public debate The subpoena also asks him to provide details on fake or spam accounts or the methodology used by Twitter to determine the number of active users. It seeks everything Dorsey may have regarding the subjects going back to January 2019. For weeks now, Musk's attorneys have been sending subpoenas to several individuals to obtain their records or take their depositions. Also read | Elon Musk embroils ad tech firms in Twitter bot account controversy These individuals range from those involved management of Twitter to employees that look after the controversial bot account numbers to even third-party players that have nothing directly to do with the social media giant. Musk accuses Twitter of fraud, alleging that the firm has "misled" him about the number of accounts that are actually spam or automated "bots" instead of real people. Also read | Elon Musk wants to question Twitter employees who count bots But, Twitter is sticking by its estimate of five per cent. As AFP puts it the social media giant accuses the Tesla boss of "contriving a story to escape a merger agreement that he no longer found attractive." The legal battle is intensifying as trial preparations for Delaware's Chancery Court, which specialises in challenging, high-stakes commercial disputes, have started for an October trial. (With inputs from agencies) Watch WION LIVE HERE: You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Elon Musk subpoenas Jack Dorsey amid bot controversy. Tesla boss 'misled' or lost interest in Twitter deal?

Tesla CEO Elon Musk, who has been attempting for some time to backtrack on the $44 million deal with Twitter Inc., has now moved to involve other businesses in his bid to demonstrate that the social media giant concealed information on bot and spam accounts.

According to documents filed in a Delaware court on Thursday, the billionaire is trying to obtain documents from advertising technology companies as part of his effort to learn more about bot and spam accounts on Twitter.

Watch |&nbsp;Elon Musk says Twitter lied about spam accounts, challenges CEO Parag Agrawal to public debate

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New York-based Integral Ad Science (IAS) and DoubleVerify, have been served subpoenas by Musk's attorneys demanding any records or correspondence about their participation in any audit of Twitter's user base or in examining accounts.

As per Reuters, the two businesses serve advertisers who want to make sure that the ads they pay for are seen by actual people and not just automated bots. They do this by using technology to verify independently&nbsp;that actual people are viewing digital ads.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-wants-to-question-twitter-employees-who-count-bots-505783">Elon Musk wants to question Twitter employees who count bots</a>

Tesla's CEO has accused Twitter of withholding information about how it determines the percentage of bots on&nbsp;its site, and Twitter has responded by suing him for trying to break the $44 billion deal.&nbsp;

Musk alleged that Twitter's monetizable daily active users are 65 million fewer than what the business has stated in a countersuit filed earlier this month. However, Twitter claims that&nbsp;its disclosures are accurate.

(With inputs from agencies)

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Tesla CEO Elon Musk, who has been attempting for some time to backtrack on the $44 million deal with Twitter Inc., has now moved to involve other businesses in his bid to demonstrate that the social media giant concealed information on bot and spam accounts.

Tesla CEO Elon Musk, who has been attempting for some time to backtrack on the $44 million deal with Twitter Inc., has now moved to involve other businesses in his bid to demonstrate that the social media giant concealed information on bot and spam accounts. According to documents filed in a Delaware court on Thursday, the billionaire is trying to obtain documents from advertising technology companies as part of his effort to learn more about bot and spam accounts on Twitter. Watch | Elon Musk says Twitter lied about spam accounts, challenges CEO Parag Agrawal to public debate New York-based Integral Ad Science (IAS) and DoubleVerify, have been served subpoenas by Musk's attorneys demanding any records or correspondence about their participation in any audit of Twitter's user base or in examining accounts. As per Reuters, the two businesses serve advertisers who want to make sure that the ads they pay for are seen by actual people and not just automated bots. They do this by using technology to verify independently that actual people are viewing digital ads. Also read | Elon Musk wants to question Twitter employees who count bots Tesla's CEO has accused Twitter of withholding information about how it determines the percentage of bots on its site, and Twitter has responded by suing him for trying to break the $44 billion deal. Musk alleged that Twitter's monetizable daily active users are 65 million fewer than what the business has stated in a countersuit filed earlier this month. However, Twitter claims that its disclosures are accurate. (With inputs from agencies) Watch WION LIVE HERE: You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Elon Musk embroils ad tech firms in Twitter bot account controversy

There's an update in the infamous Elon Musk-Twitter saga and the "on again-off again" love story has seen yet another twist. Remember when Tesla CEO Musk was going to walk out of the "relationship"? Well, now he wants proof of fidelity. Elon Musk has in the last few days demanded proof from the social media giant to convince him of the authenticity of its users. He continues to claim that Twitter has close to 20 per cent bot accounts, as opposed to the five per cent that the company claims.

The most recent demand made by his legal team is that Twitter must provide a list of the names of the staff members who calculate what proportion of users on the social media platform are spam and bot accounts.

Watch |&nbsp;WION Fineprint: Is Elon Musk using the Twitter deal as a ploy to dump Tesla shares?

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Quoting sources "familiar with the matter", Reuters reported that on Tuesday, Musk's lawyers submitted a letter filed under seal. They urged the judge presiding over the case to order Twitter to hand over the employees' names so that the defence team could interview them.

Also read |&nbsp;<a href="https://www.wionews.com/world/are-children-at-risk-from-elon-musks-self-driving-technology-group-claims-software-will-mow-kids-down-505353">Are children at risk from Elon Musk's self-driving technology? Group claims software will 'mow' kids down</a>

In the legal battle over whether Tesla CEO Elon Musk must honour his $44 billion acquisition of the social media business, bot and spam accounts on the social media giant Twitter have emerged as a key issue.

Musk announced last month that he was suspending the agreement, alleging Twitter had concealed information about these accounts. Twitter sued Musk to complete the transaction and has claimed that the issue is unrelated to the deal with Musk.

(With inputs from agencies)

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There's an update in the infamous Elon Musk-Twitter saga and the "on again-off again" love story has seen yet another twist. Remember when Tesla CEO Musk was going to walk out of the "relationship"?

There's an update in the infamous Elon Musk-Twitter saga and the "on again-off again" love story has seen yet another twist. Remember when Tesla CEO Musk was going to walk out of the "relationship"? Well, now he wants proof of fidelity. Elon Musk has in the last few days demanded proof from the social media giant to convince him of the authenticity of its users. He continues to claim that Twitter has close to 20 per cent bot accounts, as opposed to the five per cent that the company claims. The most recent demand made by his legal team is that Twitter must provide a list of the names of the staff members who calculate what proportion of users on the social media platform are spam and bot accounts. Watch | WION Fineprint: Is Elon Musk using the Twitter deal as a ploy to dump Tesla shares? Quoting sources "familiar with the matter", Reuters reported that on Tuesday, Musk's lawyers submitted a letter filed under seal. They urged the judge presiding over the case to order Twitter to hand over the employees' names so that the defence team could interview them. Also read | Are children at risk from Elon Musk's self-driving technology? Group claims software will 'mow' kids down In the legal battle over whether Tesla CEO Elon Musk must honour his $44 billion acquisition of the social media business, bot and spam accounts on the social media giant Twitter have emerged as a key issue. Musk announced last month that he was suspending the agreement, alleging Twitter had concealed information about these accounts. Twitter sued Musk to complete the transaction and has claimed that the issue is unrelated to the deal with Musk. (With inputs from agencies) Watch WION LIVE HERE: You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Elon Musk wants to question Twitter employees who count bots

Elon Musk has sold almost $7 billion worth of Tesla stock, saying the funds could be used to finance a potential Twitter deal. But is Musk using the deal as a smokescreen to dump shares? Is Tesla grossly overvalued? Molly Gambhir tells you more.

WION Fineprint: Is Elon Musk using the Twitter deal as a ploy to dump Tesla shares?

Twitter has spent $33 million in between April and June, on Musk’s proposed deal to buy the firm. Recently, the Tesla owner showed his interest in changing the deal, but the firm wants to go through the deal, thus a court date has been set for October. The firm stated that the number of active users rose to 237 million but reported a net loss of nearly $270 million, which was worse than expected. This report is for the months of April to June 2022. However, with all such going, there is a possible risk of a $1 billion termination fee, BBC reported.

The firm has strengthened its stance on the issue of spam and fraudulent accounts, which Elon Musk cited as a justification for ending the agreement. Twitter in a statement said, “We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the second quarter of 2022 represented fewer than 5% of our [monthly active users] during the quarter,” BBC reported.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/technology/twitter-blames-elon-musk-and-weak-ad-market-for-drop-in-revenue-499904">Twitter blames Elon Musk and weak ad market for drop in revenue</a>

As per an analyst Mike Prolux claimed that Twitter was in ‘purgatory.’ He further said, “Twitter now has an acquirer who no longer wants it, a CEO and board who wants to get rid of it, and an employee base which is caught in the middle of it all,” BBC reported.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-jokes-good-motivation-to-hit-gym-after-trolls-poke-fun-at-shirtless-photos-499636">Elon Musk jokes ‘good motivation to hit gym’ after trolls poke fun at shirtless photos</a>

The analyst further stated that the firm is the actual victim of all the turmoil.&nbsp;

Twitter’s revenue in the year 2021 was $5 billion but its share price fell by 45 per cent in the last 12 months. However, it is said that the advertisement revenue for the firm increased by 2 per cent.

(With inputs from agencies)

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Twitter has spent $33 million in between April and June, on Musk’s proposed deal to buy the firm. Recently, the Tesla owner showed his interest in changing the deal, but the firm wants to go through the deal, thus a court date has been set for October.

Twitter has spent $33 million in between April and June, on Musk’s proposed deal to buy the firm. Recently, the Tesla owner showed his interest in changing the deal, but the firm wants to go through the deal, thus a court date has been set for October. The firm stated that the number of active users rose to 237 million but reported a net loss of nearly $270 million, which was worse than expected. This report is for the months of April to June 2022. However, with all such going, there is a possible risk of a $1 billion termination fee, BBC reported. The firm has strengthened its stance on the issue of spam and fraudulent accounts, which Elon Musk cited as a justification for ending the agreement. Twitter in a statement said, “We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the second quarter of 2022 represented fewer than 5% of our [monthly active users] during the quarter,” BBC reported. Also read | Twitter blames Elon Musk and weak ad market for drop in revenue As per an analyst Mike Prolux claimed that Twitter was in ‘purgatory.’ He further said, “Twitter now has an acquirer who no longer wants it, a CEO and board who wants to get rid of it, and an employee base which is caught in the middle of it all,” BBC reported. Also read | Elon Musk jokes ‘good motivation to hit gym’ after trolls poke fun at shirtless photos The analyst further stated that the firm is the actual victim of all the turmoil. Twitter’s revenue in the year 2021 was $5 billion but its share price fell by 45 per cent in the last 12 months. However, it is said that the advertisement revenue for the firm increased by 2 per cent. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Twitter spent $33 million on Elon Musk’s deal in three months

The Twitter-Elon Musk saga is still on with an interesting court battle to follow. In the latest development, Twitter on Friday (July 22) blamed disappointing results on "headwinds," including the uncertainty over the multi-million dollar Twitter&nbsp;buyout bid.&nbsp;

The legal battle started after Twitter sued Musk for breaching the $44 billion contract he had signed to buy the tech firm. Twitter has asked a Delaware court to order Musk to complete the merger at the agreed $54.20 per Twitter share.&nbsp;

The company reported that Twitter missed expectations with revenue of $1.18 billion, due to "advertising industry headwinds... as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk."&nbsp;

Jasmine Enberg, who is the principal analyst at research firm Insider Intelligence, said, "Twitter is now in the unenviable position of convincing advertisers that its ad business is solid regardless of how its court battle with Musk ends, and its Q2 earnings show that the platform has its work cut it out for it to do that."&nbsp;

According to Refinitiv IBES data, the advertising revenue rose just 2% to $1.08 billion. It missed Wall Street expectations of $1.22 billion.&nbsp;

On Friday, Twitter shares opened flat at $38.90. Twitter also reported that the number of "monetizable" daily active users increased by 8.8 million, less than expected by analysts, to 237.8 million. Monetizable daily active users are those who can be shown advertising.&nbsp;

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The Twitter-Elon Musk saga is still on with an interesting court battle to follow. In the latest development, Twitter on Friday (July 22) blamed disappointing results on "headwinds," including the uncertainty over the multi-million dollar Twitter buyout bid.

The Twitter-Elon Musk saga is still on with an interesting court battle to follow. In the latest development, Twitter on Friday (July 22) blamed disappointing results on "headwinds," including the uncertainty over the multi-million dollar Twitter buyout bid. The legal battle started after Twitter sued Musk for breaching the $44 billion contract he had signed to buy the tech firm. Twitter has asked a Delaware court to order Musk to complete the merger at the agreed $54.20 per Twitter share. The company reported that Twitter missed expectations with revenue of $1.18 billion, due to "advertising industry headwinds... as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk." Jasmine Enberg, who is the principal analyst at research firm Insider Intelligence, said, "Twitter is now in the unenviable position of convincing advertisers that its ad business is solid regardless of how its court battle with Musk ends, and its Q2 earnings show that the platform has its work cut it out for it to do that." According to Refinitiv IBES data, the advertising revenue rose just 2% to $1.08 billion. It missed Wall Street expectations of $1.22 billion. On Friday, Twitter shares opened flat at $38.90. Twitter also reported that the number of "monetizable" daily active users increased by 8.8 million, less than expected by analysts, to 237.8 million. Monetizable daily active users are those who can be shown advertising. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Twitter blames Elon Musk and weak ad market for drop in revenue

Lawyers for Twitter and Elon Musk squared off for the first time in court on Tuesday (July 19). According to a judge in the eastern US state of Delaware, social media giant Twitter can fast-track its lawsuit against Musk over his cancelled buyout.&nbsp;

The trial will take place in October over whether or not the Tesla chief can be forced to complete his $44 billion deal to buy the social network.&nbsp;

On Tuesday, the Delaware judge ruled against the Musk lawyer's appeal for a February trial. The judge ordered for a month much closer to Twitter's request for September, but did not specify&nbsp;a date.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/didi-global-fined-1-billion-by-chinese-regulators-jinpings-purge-process-of-tech-sector-finally-complete-498928">Didi Global fined $1 billion by Chinese regulators; Jinping's purge process of tech sector finally complete</a>&nbsp;

Twitter lawyer William Savitt argued: "We urge the court to enter a prompt schedule and give multiple grounds for that."&nbsp;

Savitt noted that "the continued uncertainty caused by Musk's purported termination inflicts harm on Twitter every day, every hour of every day."&nbsp;

The tech company had said that in case Musk is ordered to close the deal it could still take months of additional litigation to close the debt financing, which expires in April. Twitter had asked the judge to reject Musk's proposal to hold the trial in February.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/what-is-lunchflation-why-has-lunching-become-expensive-in-asia-pacific-498810">What is lunchflation? Why has lunching become expensive in Asia-Pacific?</a>&nbsp;

All of this started when Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.&nbsp;

The San Francisco-based company had argued that no financial damages could repair the damage Musk caused after he said he would not complete the deal.&nbsp;

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Lawyers for Twitter and Elon Musk squared off for the first time in court on Tuesday (July 19). According to a judge in the eastern US state of Delaware, social media giant Twitter can fast-track its lawsuit against Musk over his cancelled buyout.

Lawyers for Twitter and Elon Musk squared off for the first time in court on Tuesday (July 19). According to a judge in the eastern US state of Delaware, social media giant Twitter can fast-track its lawsuit against Musk over his cancelled buyout. The trial will take place in October over whether or not the Tesla chief can be forced to complete his $44 billion deal to buy the social network. On Tuesday, the Delaware judge ruled against the Musk lawyer's appeal for a February trial. The judge ordered for a month much closer to Twitter's request for September, but did not specify a date. ALSO READ | Didi Global fined $1 billion by Chinese regulators; Jinping's purge process of tech sector finally complete Twitter lawyer William Savitt argued: "We urge the court to enter a prompt schedule and give multiple grounds for that." Savitt noted that "the continued uncertainty caused by Musk's purported termination inflicts harm on Twitter every day, every hour of every day." The tech company had said that in case Musk is ordered to close the deal it could still take months of additional litigation to close the debt financing, which expires in April. Twitter had asked the judge to reject Musk's proposal to hold the trial in February. ALSO READ | What is lunchflation? Why has lunching become expensive in Asia-Pacific? All of this started when Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total. The San Francisco-based company had argued that no financial damages could repair the damage Musk caused after he said he would not complete the deal. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Twitter vs Elon Musk: Judge sets October trial over $44 billion deal

Twitter on Monday (July 18) accused Tesla and SpaceX CEO Elon Musk&nbsp;of trying to "slow walk" the company's lawsuit against the world's richest person to hold him to his $44 billion takeover bid.&nbsp;

This comes after Twitter sued Musk for breaching the multi-million dollar contract he had signed to buy the tech firm. Twitter has urged a Delaware court to order Musk to complete the deal.&nbsp;

In the latest development, the social media giant urged for a September trial. According to a court filing, documents revealed that trial will ensure deal financing remains in place. &nbsp;

The company wrote: "Millions of Twitter shares trade daily under a cloud of Musk-created doubt. No public company of this size and scale has ever had to bear these uncertainties."&nbsp;

As per the company, Musk is ordered to close the deal it could still take months of additional litigation to close the debt financing, which expires in April.&nbsp;

Now, Twitter asked the judge to reject Musk's proposal to hold the trial in February. Whereas, both sides will make their arguments about the trial's proposed to start.&nbsp;

Previously, the San Francisco-based company argued that no financial damages could repair the damage Musk caused after he said he would not complete the deal.&nbsp;

All of this started when Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.&nbsp;

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Twitter on Monday (July 18) accused Tesla and SpaceX CEO Elon Musk of trying to "slow walk" the company's lawsuit against the world's richest person to hold him to his $44 billion takeover bid.

Twitter on Monday (July 18) accused Tesla and SpaceX CEO Elon Musk of trying to "slow walk" the company's lawsuit against the world's richest person to hold him to his $44 billion takeover bid. This comes after Twitter sued Musk for breaching the multi-million dollar contract he had signed to buy the tech firm. Twitter has urged a Delaware court to order Musk to complete the deal. In the latest development, the social media giant urged for a September trial. According to a court filing, documents revealed that trial will ensure deal financing remains in place. The company wrote: "Millions of Twitter shares trade daily under a cloud of Musk-created doubt. No public company of this size and scale has ever had to bear these uncertainties." As per the company, Musk is ordered to close the deal it could still take months of additional litigation to close the debt financing, which expires in April. Now, Twitter asked the judge to reject Musk's proposal to hold the trial in February. Whereas, both sides will make their arguments about the trial's proposed to start. Previously, the San Francisco-based company argued that no financial damages could repair the damage Musk caused after he said he would not complete the deal. All of this started when Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Twitter says Elon Musk is 'slow-walking' trial over $44 billion deal

It seems that the reported feud between Tesla chief Elon Musk and Twitter CEO Parag Agarwal is refusing to die down. According to reports, the 51-year-old tech mogul sent a “warning text” to Twitter's CEO and CFO saying that the social media tech's lawyers were trying to "cause trouble" after they requested information about the status of Musk's financing for a deal to buy the microblogging site.

Business Insider, citing a lawsuit filed in Delaware court on Tuesday, reported that Musk texted CEO Parag Agrawal and CFO Ned Segal on June 28, saying, "Your lawyers are using these conversations to cause trouble. That needs to stop."

It all began when Musk repeatedly put pressure on Twitter to provide him with sufficient information about the number of spam bots on the platform.

Musk had listed the removal of bot accounts as one of his priorities while closing the deal with Twitter.

But when Musk indicated that he may drop the deal as he was not provided any information, Twitter’s lawyers suspected that it had something to do with finances, Business Insider reported.

In response to that, the company’s lawyers sought information from Musk on how he would finance the $44 billion deal.

The Tesla boss, in turn, shot messages to Agrawal and Segal.

In the lawsuit filed by Twitter in Delaware, the company’s legal team has argued that he is contractually obligated to follow through on his agreement to buy the company, despite publicly declaring on Friday that he'd seek to pull out of the deal, according to Business Insider.

Twitter's lawyers claimed that the Tesla chief is backing down from the deal because Tesla shares, which comprise a significant proportion of Musk's personal wealth, have tanked since April.

(With inputs from agencies)

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It seems that the reported feud between Tesla chief Elon Musk and Twitter CEO Parag Agarwal is refusing to die down. According to reports, the 51-year-old tech mogul sent a “warning text” to Twitter's CEO and CFO saying that the social media tech's lawyers were trying to "cause trouble" after they requested information about the status of Musk's financing for a deal to buy the microblogging site.

It seems that the reported feud between Tesla chief Elon Musk and Twitter CEO Parag Agarwal is refusing to die down. According to reports, the 51-year-old tech mogul sent a “warning text” to Twitter's CEO and CFO saying that the social media tech's lawyers were trying to "cause trouble" after they requested information about the status of Musk's financing for a deal to buy the microblogging site. Business Insider, citing a lawsuit filed in Delaware court on Tuesday, reported that Musk texted CEO Parag Agrawal and CFO Ned Segal on June 28, saying, "Your lawyers are using these conversations to cause trouble. That needs to stop." It all began when Musk repeatedly put pressure on Twitter to provide him with sufficient information about the number of spam bots on the platform. Musk had listed the removal of bot accounts as one of his priorities while closing the deal with Twitter. But when Musk indicated that he may drop the deal as he was not provided any information, Twitter’s lawyers suspected that it had something to do with finances, Business Insider reported. In response to that, the company’s lawyers sought information from Musk on how he would finance the $44 billion deal. The Tesla boss, in turn, shot messages to Agrawal and Segal. In the lawsuit filed by Twitter in Delaware, the company’s legal team has argued that he is contractually obligated to follow through on his agreement to buy the company, despite publicly declaring on Friday that he'd seek to pull out of the deal, according to Business Insider. Twitter's lawyers claimed that the Tesla chief is backing down from the deal because Tesla shares, which comprise a significant proportion of Musk's personal wealth, have tanked since April. (With inputs from agencies) WATCH WION LIVE HERE

Elon Musk sent ‘warning text’ to Twitter CEO before announcing to pull out from deal: Report

Tesla CEO Elon Musk walked away from buying Twitter for $44 billion. As Twitter vs Elon Musk saga unfolds, take a look at the timeline of what has happened so far.

From buying Twitter to walking away – Elon Musk’s Twitter deal timeline | Tech in Trend

Twitter sued Tesla and SpaceX chief Elon Musk on Tuesday (July 12) for breaching the $44 billion contract he had signed to buy the tech firm. As per the court documents, the social media giant called Musk's exit strategy "a model of hypocrisy".&nbsp;

As per the court filing, Twitter has asked a Delaware court to order Musk to complete the merger at the agreed $54.20 per Twitter share.&nbsp;

The lawsuit said: "Musk apparently believes that he - unlike every other party subject to Delaware contract law - is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away."&nbsp;

The lawsuit contended: "Musk's conduct simply confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process. Twitter has suffered and will continue to suffer irreparable harm as a result of defendants’ breaches."&nbsp;

Twitter argued that no financial damages could repair the damage he has caused.&nbsp;

A day before, Twitter attorneys in a letter told Musk's lawyers that the micro-blogging site has breached none of its obligations under the agreement.&nbsp;

It added, "Twitter demands that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement, including their obligations to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Agreement."&nbsp;

Last week, Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.&nbsp;

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Twitter sued Tesla and SpaceX chief Elon Musk on Tuesday (July 12) for breaching the $44 billion contract he had signed to buy the tech firm. As per the court documents, the social media giant called Musk's exit strategy "a model of hypocrisy".

Twitter sued Tesla and SpaceX chief Elon Musk on Tuesday (July 12) for breaching the $44 billion contract he had signed to buy the tech firm. As per the court documents, the social media giant called Musk's exit strategy "a model of hypocrisy". As per the court filing, Twitter has asked a Delaware court to order Musk to complete the merger at the agreed $54.20 per Twitter share. The lawsuit said: "Musk apparently believes that he - unlike every other party subject to Delaware contract law - is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away." The lawsuit contended: "Musk's conduct simply confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process. Twitter has suffered and will continue to suffer irreparable harm as a result of defendants’ breaches." Twitter argued that no financial damages could repair the damage he has caused. A day before, Twitter attorneys in a letter told Musk's lawyers that the micro-blogging site has breached none of its obligations under the agreement. It added, "Twitter demands that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement, including their obligations to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Agreement." Last week, Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

'A model of hypocrisy': Twitter sues Elon Musk for violating $44 billion deal

After Tesla and SpaceX CEO Elon Musk pulled out of the multi-million deal to buy microblogging site Twitter, the social media giant slammed the world's richest&nbsp;person. On Monday (July 11) Twitter demanded that Musk must complete the&nbsp;proposed $44 takeover. It further said that Musk's withdrawal from the deal is "invalid and wrongful."&nbsp;

In a letter, attorneys for Twitter told Musk's lawyers: "Twitter has breached none of its obligations under the Agreement."

It added, "Twitter demands that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement, including their obligations to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Agreement."&nbsp;

The company has planned to sue Musk in order to force him to complete the deal. As per reports, the company might file a lawsuit early this week in Delaware. In the letter, Twitter said that the merger agreement remained in place.&nbsp;

The threat appears to be amusing to Musk as he laughed off on Monday using a series of tweets. He joked&nbsp;about Twitter and its threat.&nbsp;

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<blockquote class="twitter-tweet">
<a href="https://t.co/JcLMee61wj">pic.twitter.com/JcLMee61wj</a>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1546344529460174849?ref_src=twsrc%5Etfw">July 11, 2022</a></blockquote>
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Impact on share trading&nbsp;

Last week, Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.&nbsp;

Twitter's shares ended down 11.3% at $32.65, a 40% discount to Musk's $54.20 bid and the biggest daily percentage drop in more than 14 months. They rebounded less than 1% in extended trading. Tesla's shares closed down almost 7%.&nbsp;

(With inputs from agencies)&nbsp;

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After Tesla and SpaceX CEO Elon Musk pulled out of the multi-million deal to buy microblogging site Twitter, the social media giant slammed the world's richest person.

After Tesla and SpaceX CEO Elon Musk pulled out of the multi-million deal to buy microblogging site Twitter, the social media giant slammed the world's richest person. On Monday (July 11) Twitter demanded that Musk must complete the proposed $44 takeover. It further said that Musk's withdrawal from the deal is "invalid and wrongful." In a letter, attorneys for Twitter told Musk's lawyers: "Twitter has breached none of its obligations under the Agreement." It added, "Twitter demands that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement, including their obligations to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Agreement." The company has planned to sue Musk in order to force him to complete the deal. As per reports, the company might file a lawsuit early this week in Delaware. In the letter, Twitter said that the merger agreement remained in place. The threat appears to be amusing to Musk as he laughed off on Monday using a series of tweets. He joked about Twitter and its threat. pic.twitter.com/JcLMee61wj — Elon Musk (@elonmusk) July 11, 2022 × Impact on share trading Last week, Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total. Twitter's shares ended down 11.3% at $32.65, a 40% discount to Musk's $54.20 bid and the biggest daily percentage drop in more than 14 months. They rebounded less than 1% in extended trading. Tesla's shares closed down almost 7%. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Twitter slams Elon Musk, says what he did was 'invalid and wrongful'

Former US President Donald Trump criticises Tesla CEO Elon Musk's $44 billion Twitter deal at a rally in Alaska, accusing the Tesla chief of inconsistency.

Donald Trump criticises Tesla CEO Elon Musk's $44 billion Twitter deal

Tesla and SpaceX CEO Elon Musk is terminating his bid to purchase the microblogging platform Twitter, with this also putting an end to the most talked-about business stories in recent years. On Friday, Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.&nbsp;

The world was expecting that he will weigh in on his decision, explaining why he pulled out. But he avoided any possible discussion over the collapsed Twitter deal when he addressed an audience of moguls on Saturday in Sun Valley.&nbsp;

News agency Reuters spoke to two sources who attended the conference. They said that Musk spent most of his time talking about colonising Mars and extolling the virtues of boosting birth rates on Earth.&nbsp;

The world's richest man spoke about how birth rates are declining in wealthy countries. The billionaire entrepreneur took the stage at the Allen &amp; Co Sun Valley Conference, an annual gathering of media and technology executives in Idaho.&nbsp;

The interview was conducted by Sam Altman, CEO of OpenAI, an artificial intelligence research company founded by Musk and several others.&nbsp;

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Tesla and SpaceX CEO Elon Musk is terminating his bid to purchase the microblogging platform Twitter, with this also putting an end to the most talked-about business stories in recent years.

Tesla and SpaceX CEO Elon Musk is terminating his bid to purchase the microblogging platform Twitter, with this also putting an end to the most talked-about business stories in recent years. On Friday, Musk sent a letter to Twitter saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total. The world was expecting that he will weigh in on his decision, explaining why he pulled out. But he avoided any possible discussion over the collapsed Twitter deal when he addressed an audience of moguls on Saturday in Sun Valley. News agency Reuters spoke to two sources who attended the conference. They said that Musk spent most of his time talking about colonising Mars and extolling the virtues of boosting birth rates on Earth. The world's richest man spoke about how birth rates are declining in wealthy countries. The billionaire entrepreneur took the stage at the Allen & Co Sun Valley Conference, an annual gathering of media and technology executives in Idaho. The interview was conducted by Sam Altman, CEO of OpenAI, an artificial intelligence research company founded by Musk and several others. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Elon Musk talks about Mars and birth rates but no comments on Twitter

Two days after Twitter's shareholders blocked the re-election of Elon Musk's ally Egon Durban, the company has said in a filing that will not accept his resignation from the board.

Due to "voting policies of certain institutional investors regarding board service limitations," Durban failed to receive the support of a majority of the votes in the re-election held earlier this week according to Twitter.

The shareholders felt Durban could not reduce his board service commitments as he already serves on the boards of six other companies.

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This is why it did not re-elect him despite bringing "an unparalleled operational knowledge of the industry" and being an "effective member" of the board.

Billionaire Elon Musk, who is the world's richest man, had offered a cash deal worth $44 billion to buy tech giant Twitter.

Tech experts believe that shareholders' blocking could indicate skepticism among shareholders of Musk's plan or his willingness to pay what he offered.

Interestingly, Durban has a history of assisting Musk by financing his projects. He is the co-CEO at Silver Lake Partners and not only helped Musk put together money for his Twitter deal but also offered to help him when he contemplated a $72 billion bid to take electric-car maker Tesla Inc private.

Musk had announced on Twitter that his deal to acquire to social media platform was "temporarily on hold" while he sought more information about the proportion of fake accounts on the microblogging site.

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<a href="https://t.co/USLO967YsJ">pic.twitter.com/USLO967YsJ</a>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1530380264966434823?ref_src=twsrc%5Etfw">May 28, 2022</a></blockquote>
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The US Securities and Exchange Commission (SEC), with which Musk has conflicting history, has asked the Tesla CEO to explain an apparent delay in reporting his Twitter stock buys.&nbsp;

In 2018, the SEC had imposed a massive fine of $20 million each on both Musk and Tesla for misleading shareholders that he had "secured" funding to take the company private.

(With inputs from agencies)

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Two days after Twitter's shareholders blocked the re-election of Elon Musk's ally Egon Durban, the company has said in a filing that will not accept his resignation from the board.

Two days after Twitter's shareholders blocked the re-election of Elon Musk's ally Egon Durban, the company has said in a filing that will not accept his resignation from the board. Due to "voting policies of certain institutional investors regarding board service limitations," Durban failed to receive the support of a majority of the votes in the re-election held earlier this week according to Twitter. The shareholders felt Durban could not reduce his board service commitments as he already serves on the boards of six other companies. This is why it did not re-elect him despite bringing "an unparalleled operational knowledge of the industry" and being an "effective member" of the board. Billionaire Elon Musk, who is the world's richest man, had offered a cash deal worth $44 billion to buy tech giant Twitter. Tech experts believe that shareholders' blocking could indicate skepticism among shareholders of Musk's plan or his willingness to pay what he offered. Interestingly, Durban has a history of assisting Musk by financing his projects. He is the co-CEO at Silver Lake Partners and not only helped Musk put together money for his Twitter deal but also offered to help him when he contemplated a $72 billion bid to take electric-car maker Tesla Inc private. Musk had announced on Twitter that his deal to acquire to social media platform was "temporarily on hold" while he sought more information about the proportion of fake accounts on the microblogging site. pic.twitter.com/USLO967YsJ — Elon Musk (@elonmusk) May 28, 2022 × The US Securities and Exchange Commission (SEC), with which Musk has conflicting history, has asked the Tesla CEO to explain an apparent delay in reporting his Twitter stock buys. In 2018, the SEC had imposed a massive fine of $20 million each on both Musk and Tesla for misleading shareholders that he had "secured" funding to take the company private. (With inputs from agencies) Watch WION's live TV here:

Twitter rejects resignation of Musk ally Durban after shareholders blocked his re-election

Last week was historic in the space of social media. Elon Musk, the CEO of Tesla and SpaceX, announced that he would purchase Twitter, the micro-blogging site that he has used for years to promote his interests and construct his public image. He said in a statement “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated”

While the famous First Amendment Right appears straightforward on paper, its interpretation has been a source of contention among Americans since the rule was ratified. Because it's such a complicated and nuanced topic, it's understandable that many people are unsure what "free speech" actually protects. &nbsp;This article tries to explain how practical the promise of establishing Free Speech on Twitter is and also digs deep into the business impact that can take place after this historic acquisition.

Many people are echoing Musk's "public square" or "town square" argument to demand freedom of expression on all social media arguing that any speech that occurs in a public arena qualifies for First Amendment protection. Many have blamed that Twitter, Facebook, Instagram, Google and YouTube are suffocating free expression by shutting down accounts that encourage violence or propagate misinformation, including that of former President Donald Trump's personal account.

<img alt="Graph" data-entity-type="file" data-entity-uuid="914bda8d-56a4-496f-8e42-ffc13e5dc210" src="//cdn.wionews.com/sites/default/files/inline-images/Graph%20.png" />

<img alt="Table" data-entity-type="file" data-entity-uuid="4be8b988-9df8-41de-b6a9-5d35c6b321ae" src="//cdn.wionews.com/sites/default/files/inline-images/tablke.png" />

The above is an output of ‘sentiment analysis’ done for the texts that appeared on Twitter during the period April-May 2022. The percentage of positive comments is 16.30% and negative is 13.77%

Key to note is the unusual positive sentiment from countries like Qatar and Saudi Arabia showing people’s angst against authoritarian governments who use the platform to track opponents and spread disinformation. The negative comments largely focused on how an elite white man (Musk) who is detached from real issues like Apartheid, can never take a real stand for suppressed people with his promise of “Free Speech”.

Another analytical output is the word cloud. It is a basic but effective visual representation object for text processing that displays the most frequently used words in larger, bolder letters and with varied colors. The lesser the importance of a term, the smaller it is.

<img alt="Elite" data-entity-type="file" data-entity-uuid="54c1842e-86af-48e6-9552-5a0403bbda28" src="//cdn.wionews.com/sites/default/files/inline-images/elite.png" />

As is evident from the above image, words such as ‘Elite’, ‘White’ ‘Community’ etc. were predominant- reinforcing the sentiment analysis negative comments’ theme.

From the sentiment score and the word cloud it is evident that there is polarised perception on Musk’s Free Speech, almost equal numbers either side showing that there is no bias towards a particular sentiment.

What does it mean to have freedom of speech?

With some exceptions, speech in a traditional or designated public forum is protected. The right to use some inflammatory terms and phrases to convey political ideas is a part of freedom of speech. However, a person's right to express himself freely in a private setting, such as a store or on a company-run social media site, is not protected by the Constitution. Because they are publicly discussing their thoughts online in those venues, many users may consider their favorite social networks to be public forums.&nbsp;

However, courts have decided that social media platforms are private and that hosting other people's speech does not make them public forums. In reality, if the government tried to restrict Facebook or Twitter's ability to decide what content is indeed allowed on their platforms, it would be infringing on those firms' First Amendment rights.

Free speech means different things to different people&nbsp;

Twitter is utilized by people all across the world, and different nations have different free speech laws. Only 43% of people in all countries support legal protection for words that are insulting to minorities, while 39% support banning statements that are offensive to their religion or beliefs. Tolerance for statements supporting same-sex partnerships ranges from nearly universal approval (91%) in Denmark and Sweden to less than a third in Pakistan (27%) compared to only 16% and 18% in Turkey and Kenya respectively.

Musk's problem will be dealing with tweets from every other country on the planet, none of which guarantees free speech as vigorously as the United States. The European Union has warned him that new laws forbidding disinformation will be imposed on Twitter. Musk will need to think hard on what to do with Moscow, Tehran, and Kabul, all of which use Twitter to spread anti-US propaganda without reciprocity. These governments are all staunch anti-free-speech absolutists who, if given the chance, would silence all but their ruling classes around the world.

On the other hand, what to do about US foes on Twitter may be a true problem. This has previously been pointed out by Musk's detractors, including Jeff Bezos who indicated that the world's richest man might not be as principled as a free-speech absolutist when it comes to China. Beijing utilizes Twitter to spread its propaganda and perspectives but censors Twitter and does not accept any alternative viewpoints on Weibo. Most governments' preferred weapons of choice these days are words, so handing Beijing the one-way megaphone of Twitter is akin to handing your opponent your guns in a hot conflict.&nbsp;

Musk’s track record

Musk himself has minimal tolerance for speech that is unpleasant to him or to his companies or those that reflect employee criticism of the workplace (as evident via his tweets, public speeches, and regulations at the firms that he leads). Musk has a lengthy history of censoring or penalizing anyone who publicly criticizes a project or practice at Tesla Inc. or SpaceX. Nondisclosure agreements and arbitration clauses must be signed by employees to prevent them from suing their company in court. Hundreds of Tesla employees have complained of racist, sexist, other sorts of harassment, discrimination, and unsafe working conditions while under Musk's leadership. Many have also claimed retaliation as a result of speaking up about issues.

Meanwhile, Musk publicly mocks others on Twitter, with more than 80 million followers and a fan base that he can enrage, from a local health official during the early days of the pandemic to Twitter's current CEO, Parag Agrawal.

Twitter beyond free speech

Despite having a far less user base than other leading social media platforms, many small businesses and brands are particularly successful on Twitter. Content makers use the platform to grow their fan base. However, the site as it currently stands lacks many features that draw businesses to sites like Facebook, which is a more seller-friendly platform. Twitter was started in 2006, and by 2010, it had a user base of 54 million people. There will be around 400 million users in 2021. Facebook and YouTube are behemoths in comparison. With an estimated 2.8 billion users, Facebook is quickly catching up to YouTube, which has 2.3 billion users. WhatsApp has a user base of 2 billion people. Instagram has one billion users, TikTok has 800 million, and Snapchat has 300 million. Size is an important factor when the company decides to drive advertising revenues and derive monetisation.

Going forward, Musk buying over Twitter should encourage businesses and entrepreneurs to join the platform even more. Musk is an ardent capitalist and will bring more business-friendly features to Twitter, so the platform is going to witness a deluge of corporates in its user base.

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&nbsp;

Last week was historic in the space of social media. Elon Musk, the CEO of Tesla and SpaceX, announced that he would purchase Twitter, the micro-blogging site that he has used for years to promote his interests and construct his public image.

Last week was historic in the space of social media. Elon Musk, the CEO of Tesla and SpaceX, announced that he would purchase Twitter, the micro-blogging site that he has used for years to promote his interests and construct his public image. He said in a statement “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated” While the famous First Amendment Right appears straightforward on paper, its interpretation has been a source of contention among Americans since the rule was ratified. Because it's such a complicated and nuanced topic, it's understandable that many people are unsure what "free speech" actually protects. This article tries to explain how practical the promise of establishing Free Speech on Twitter is and also digs deep into the business impact that can take place after this historic acquisition. Many people are echoing Musk's "public square" or "town square" argument to demand freedom of expression on all social media arguing that any speech that occurs in a public arena qualifies for First Amendment protection. Many have blamed that Twitter, Facebook, Instagram, Google and YouTube are suffocating free expression by shutting down accounts that encourage violence or propagate misinformation, including that of former President Donald Trump's personal account. The above is an output of ‘sentiment analysis’ done for the texts that appeared on Twitter during the period April-May 2022. The percentage of positive comments is 16.30% and negative is 13.77% Key to note is the unusual positive sentiment from countries like Qatar and Saudi Arabia showing people’s angst against authoritarian governments who use the platform to track opponents and spread disinformation. The negative comments largely focused on how an elite white man (Musk) who is detached from real issues like Apartheid, can never take a real stand for suppressed people with his promise of “Free Speech”. Another analytical output is the word cloud. It is a basic but effective visual representation object for text processing that displays the most frequently used words in larger, bolder letters and with varied colors. The lesser the importance of a term, the smaller it is. As is evident from the above image, words such as ‘Elite’, ‘White’ ‘Community’ etc. were predominant- reinforcing the sentiment analysis negative comments’ theme. From the sentiment score and the word cloud it is evident that there is polarised perception on Musk’s Free Speech, almost equal numbers either side showing that there is no bias towards a particular sentiment. What does it mean to have freedom of speech? With some exceptions, speech in a traditional or designated public forum is protected. The right to use some inflammatory terms and phrases to convey political ideas is a part of freedom of speech. However, a person's right to express himself freely in a private setting, such as a store or on a company-run social media site, is not protected by the Constitution. Because they are publicly discussing their thoughts online in those venues, many users may consider their favorite social networks to be public forums. However, courts have decided that social media platforms are private and that hosting other people's speech does not make them public forums. In reality, if the government tried to restrict Facebook or Twitter's ability to decide what content is indeed allowed on their platforms, it would be infringing on those firms' First Amendment rights. Free speech means different things to different people Twitter is utilized by people all across the world, and different nations have different free speech laws. Only 43% of people in all countries support legal protection for words that are insulting to minorities, while 39% support banning statements that are offensive to their religion or beliefs. Tolerance for statements supporting same-sex partnerships ranges from nearly universal approval (91%) in Denmark and Sweden to less than a third in Pakistan (27%) compared to only 16% and 18% in Turkey and Kenya respectively. Musk's problem will be dealing with tweets from every other country on the planet, none of which guarantees free speech as vigorously as the United States. The European Union has warned him that new laws forbidding disinformation will be imposed on Twitter. Musk will need to think hard on what to do with Moscow, Tehran, and Kabul, all of which use Twitter to spread anti-US propaganda without reciprocity. These governments are all staunch anti-free-speech absolutists who, if given the chance, would silence all but their ruling classes around the world. On the other hand, what to do about US foes on Twitter may be a true problem. This has previously been pointed out by Musk's detractors, including Jeff Bezos who indicated that the world's richest man might not be as principled as a free-speech absolutist when it comes to China. Beijing utilizes Twitter to spread its propaganda and perspectives but censors Twitter and does not accept any alternative viewpoints on Weibo. Most governments' preferred weapons of choice these days are words, so handing Beijing the one-way megaphone of Twitter is akin to handing your opponent your guns in a hot conflict. Musk’s track record Musk himself has minimal tolerance for speech that is unpleasant to him or to his companies or those that reflect employee criticism of the workplace (as evident via his tweets, public speeches, and regulations at the firms that he leads). Musk has a lengthy history of censoring or penalizing anyone who publicly criticizes a project or practice at Tesla Inc. or SpaceX. Nondisclosure agreements and arbitration clauses must be signed by employees to prevent them from suing their company in court. Hundreds of Tesla employees have complained of racist, sexist, other sorts of harassment, discrimination, and unsafe working conditions while under Musk's leadership. Many have also claimed retaliation as a result of speaking up about issues. Meanwhile, Musk publicly mocks others on Twitter, with more than 80 million followers and a fan base that he can enrage, from a local health official during the early days of the pandemic to Twitter's current CEO, Parag Agrawal. Twitter beyond free speech Despite having a far less user base than other leading social media platforms, many small businesses and brands are particularly successful on Twitter. Content makers use the platform to grow their fan base. However, the site as it currently stands lacks many features that draw businesses to sites like Facebook, which is a more seller-friendly platform. Twitter was started in 2006, and by 2010, it had a user base of 54 million people. There will be around 400 million users in 2021. Facebook and YouTube are behemoths in comparison. With an estimated 2.8 billion users, Facebook is quickly catching up to YouTube, which has 2.3 billion users. WhatsApp has a user base of 2 billion people. Instagram has one billion users, TikTok has 800 million, and Snapchat has 300 million. Size is an important factor when the company decides to drive advertising revenues and derive monetisation. Going forward, Musk buying over Twitter should encourage businesses and entrepreneurs to join the platform even more. Musk is an ardent capitalist and will bring more business-friendly features to Twitter, so the platform is going to witness a deluge of corporates in its user base. WATCH WION LIVE HERE ×

Twitter and Musk: Freedom of speech and beyond

Just weeks after finalising a $44 billion deal to buy social media platform Twitter, Elon Musk looks tempted to throw in the towel. What's the reason? He blames it on spam bots.

The battle over Bots: Is Elon Musk trying to renegotiate the $44 billion Twitter offer?

Elon Musk said that his $44 billion deal to acquire Twitter has been put on hold. He cited pending details to support the microblogging site’s claim that spam or fake accounts were less than 5 per cent of its total user base.

Tesla CEO Elon Musk puts Twitter acquisition temporarily on hold

Twitter is in a state of turmoil. Elon Musk has temporarily put his $44 billion deal on hold. Twitter CEO Parag Aggarwal has fired two top executives. The company has also halted all new hirings. What's going on? Palki Sharma reports.

Gravitas: Elon Musk puts Twitter deal on hold

Billionaire Elon Musk has said that the deal to acquire Twitter is temporarily on hold. Musk had put forth an offer of USD 44 billion for the acquisition of the social media platform.

"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," tweeted Musk on Friday (May 13).

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Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users<a href="https://t.co/Y2t0QMuuyn">https://t.co/Y2t0QMuuyn</a>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1525049369552048129?ref_src=twsrc%5Etfw">May 13, 2022</a></blockquote>
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Musk's offer to buy Twitter had sent shockwaves through the tech and business world. There were concerns that under Musk, Twitter would assume 'right-of-centre' political leaning. Musk himself is known for his off-the-cuff tweeting. He has recently said that he would consider restoring former US president Donald Trump's suspended Twitter account.

Donald Trump's Twitter account was suspended after January 6, 2021&nbsp;Capitol Hill riots caused by his supporters.

Reuters reported that Twitter didn't immediately respond to the fresh announcement from Musk.

Earlier this month,&nbsp;Twitter&nbsp;had estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.

It also said it faced several risks until the deal with Musk is closed, including whether advertisers would continue to spend on Twitter.

Musk, the world's richest man and the chief executive of Tesla Inc, had said that one of his priorities would be to remove "spam bots" from the platform.

(With inputs from agencies)

Decode the geostrategy, diplomacy, and ideologies of the world’s unending wars. Catch our special series ‘World at War’ every Saturday at 8:30 PM IST and Sunday at 10:30 PM IST only on WION.

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Billionaire Elon Musk has said that the deal to acquire Twitter is temporarily on hold. Musk had put forth an offer of USD 44 billion for the acquisition of the social media platform.

Billionaire Elon Musk has said that the deal to acquire Twitter is temporarily on hold. Musk had put forth an offer of USD 44 billion for the acquisition of the social media platform. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," tweeted Musk on Friday (May 13). Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn — Elon Musk (@elonmusk) May 13, 2022 × Musk's offer to buy Twitter had sent shockwaves through the tech and business world. There were concerns that under Musk, Twitter would assume 'right-of-centre' political leaning. Musk himself is known for his off-the-cuff tweeting. He has recently said that he would consider restoring former US president Donald Trump's suspended Twitter account. Donald Trump's Twitter account was suspended after January 6, 2021 Capitol Hill riots caused by his supporters. Reuters reported that Twitter didn't immediately respond to the fresh announcement from Musk. Earlier this month, Twitter had estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. It also said it faced several risks until the deal with Musk is closed, including whether advertisers would continue to spend on Twitter. Musk, the world's richest man and the chief executive of Tesla Inc, had said that one of his priorities would be to remove "spam bots" from the platform. (With inputs from agencies) Decode the geostrategy, diplomacy, and ideologies of the world’s unending wars. Catch our special series ‘World at War’ every Saturday at 8:30 PM IST and Sunday at 10:30 PM IST only on WION. WATCH WION LIVE HERE ×

Twitter deal temporarily on hold, says Elon Musk

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