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Elon Musk Terminates Twitter Deal

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FOREIGN NEWS: Elon Musk Terminates Twitter Deal [New Foreign News] » Naijacrawl
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After two months of uncertainties that surround the taking over of Twitter, Elon Musk says he is terminating his $44 billion Twitter deal

Elon Musk clinched a deal for Twitter in April but then put it on hold until the company proved that spam bots accounted for less than 5% of its total users.



Twitter shares fell 6% in extended trading after he announced he would terminate the deal.

Meanwhile, reports have it that Twitter will be taking legal action to force Musk to finalize the deal.

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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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Foreign News

Elon Musk Overtakes Bill Gates To Become 2nd Richest In The World

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FOREIGN NEWS: Elon Musk Overtakes Bill Gates To Become 2nd Richest In The World [New Foreign News] » Naijacrawl
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The SpaceX and Tesla CEO; Elon Musk has now surpassed Bill Gates to become the world’s second-richest person as Tesla’s market cap inches closer to $500 billionThe billionaire Tesla CEO Elon Musk has now leapfrogged Bill Gates to grab the world’s second-richest ranking.Musk’s net worth swelled by more than $7.2 billion on November 23, driven by another surge in the Tesla share price.In January 2020, he ranked 35th, but the tremendous rise in Tesla’s share price has...
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Elon Musk Names Child X Æ A-12

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NEWS: Elon Musk Names Child X Æ A-12 [New Foreign News] » Naijacrawl
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The American billionaire and CEO Space X Elon Musk who announced the birth of his son on Monday has now given the child a 'weird' name.He posted that the child would be called X Æ A-12 Musk and his girlfriend later offered an explanation to her followers on social media.The name X Æ A-12 has been trending on Twitter with many asking how the name will be pronounced.Many people questioned whether he was being serious or not concerning the weird name.However, Grimes, r...
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Foreign News

Elon Musk’s Twitter stake dwarfs Jack Dorsey’s, now largest shareholder

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FOREIGN NEWS: Elon Musk’s Twitter stake dwarfs Jack Dorsey’s, now largest shareholder [New Foreign News] » Naijacrawl
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Elon Musk, the billionaire businessman, now owns a 9.2% interest in Twitter.The details can be found in a filing with the Securities and Exchange Commission in the United States.Musk purchased 73,486,938 Twitter shares in March, according to the US agency.The news of the $2.89 billion holding raised the company's stock by approximately 25% in pre-market trade.With more than four times the 2.25 percent held by Twitter founder Jack Dorsey, the Tesla founder becomes th...
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