LEAKED: Latest Elon Musk, Twitter, Tesla & SpaceX News | Weekly News
LEAKED: Latest Elon Musk, Twitter, Tesla & SpaceX News | Weekly News 🔔 Subscribe for more Artificial Intelligence news, Robot news, Tech news and more 🦾 Support us NOW so we can create more videos: / @artificialintelligencenews1373 Twitter Investors Sue Musk Billionaire Elon Musk was recently sued by Twitter Inc investors claiming he manipulated the company's stock price downward, as the chief executive of electric carmaker Tesla Inc mounts a $44 billion takeover bid for the social media platform. The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than 5% of Twitter by March 14. They asked to be certified as a class and to be awarded an unspecified amount of punitive and compensatory damages. They also named Twitter as a defendant, arguing the company had an obligation to investigate Musk's conduct, though they are not seeking damages from the firm. The investors said Musk continued to buy stock after that, and ultimately disclosed in early April that he owned 9.2 percent of the company, according to the lawsuit, filed in a San Francisco federal court. "By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price," said the investors, led by Virginia resident William Heresniak. Revising the Twitter Financing Plan Musk just revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal roiled by market turbulence and Musk's not-entirely-explicable concerns about the number of fake accounts on Twitter. The news overshadowed Twitter's regularly scheduled annual shareholder meeting earlier on Wednesday. Shareholders didn't address the Musk deal directly - that vote will be scheduled for an as-yet undetermined future date, should the deal proceed. Twitter shares jumped 5.5% to $39.22 in after-market trading, building on a 3.9% rise during regular trading. The financing changes outlined in a regulatory filing would shave $6.25 billion from the lending package Musk had previously lined up for the Twitter buyout. That means Musk will need to raise that sum in stock commitments instead of debt. That would bring the equity - that is, stock-based - portion of the deal to $33.5 billion, up from the $27.25 billion Musk disclosed three weeks ago. The filing with the Securities and Exchange Commission didn't go into much detail on where Musk will get the additional equity, but emphasized he is still trying to persuade his friend and former Twitter CEO Jack Dorsey - a supporter of the buyout - to throw his stock into the financing package. Dorsey, also a Twitter cofounder, owns a 2.4% stake currently worth about $700 million, based on the company's closing stock price, Musk owns a nearly 9.6% stake worth $2.7 billion. Paying $250,000 to Silence Accusers SpaceX reportedly paid an employee $250,000 to settle a claim made by her that she was harassed by the company’s founder Elon Musk in 2016. Musk has been in the news for his bid to acquire Twitter for $44 billion. According to the report, the payment was made in 2018 to an unidentified flight attendant who worked as a contract employee for a SpaceX corporate jet. The incident occurred during a flight to London. According to interviews and documents obtained, the employee accused Musk of revealing his privates to her, rubbing her leg without her consent, and proposing to purchase her a horse in exchange for a less-than-platonic massage. One of the flight attendant's friends told media about the allegations after the attendant's attorney requested him to sign a declaration supporting the claims in 2018. According to the report, the flight attendant declined to perform any such acts on Musk and that she was "really upset" after the flight. #Elon #Musk #Twitter #Tesla #SpaceX _______________________________________________________________________________ Watch More from Artificial Intelligence News Daily 🔵 Japan Human Robot News: • Japan Human Robot 🟢 Boston Dynamic News: • Boston Dynamic News 🟠 Robot news: • Robot News 🔴 Artificial Intelligence News: • Artificial Intelligence News 🤖 AI News Daily provides the latest Artificial Intelligence news and trends. Explore industry research and reports from the frontline of AI technology news. 🕵️ We take the best research and put our own spin on it, report from the frontline of the industry, as well as feature contributions from companies at the heart of this revolution. ________________________________________________________________________ 💼 Contact & Copyright Questions • For copyright cases, business inquiries or other inquiries please contact us at:
