Tech: Musk loses US$12 billion in a day as he tweets politics, slams ESG - Bloomberg
(May 19): Elon Musk spent Wednesday on Twitter Inc., announcing his political switch from Democrat to Republican, trashing ESG and replying to several users of the social-media website he’s agreed to buy.Tesla Inc., meanwhile, sank to the lowest level this year, wiping US$12.3 billion from his wealth, while Twitter further extended its slide. All told, Musk has lost US$49 billion since launching his bid for Twitter last month, partly as the wider market tumbled and as some investors in
A (May 19): Elon Musk spent Wednesday on Twitter Inc.A (May 18): Twitter Inc.Telegram channel for the latest updates.The billionaire tweeted “this deal cannot move forward” unless Twitter provides proof of its claims, reiterating his own view that the ratio is far higher.
, announcing his political switch from Democrat to Republican, trashing ESG and replying to several users of the social-media website he’s agreed to buy.Tesla Inc.“We intend to close the transaction and enforce the merger agreement,” the board said Tuesday in a statement to Bloomberg News., meanwhile, sank to the lowest level this year, wiping US$12.Seen by his champions as an iconoclastic genius and by his critics as an erratic megalomaniac, Musk surprised many investors in April with news that he wanted to purchase Twitter.3 billion from his wealth, while Twitter further extended its slide.20-a-share offer.All told, Musk has lost US$49 billion since launching his bid for Twitter last month, partly as the wider market tumbled and as some investors in Tesla grew concerned over how he’d fund his offer for the social-media giant.The spread between Musk’s offer price of US$54.
Musk, 50, remains the world’s richest person, with a fortune of US$209.Musk said last week that the deal was “on hold” until he gets more information, specifically proof from Twitter that so-called spam bots make up less than 5% of its users.“This deal cannot move forward until he does.9 billion, according to the Bloomberg Billionaires Index.He’s shaved US$60.” Twitter has said it’s committed to completing the sale.4 billion off his wealth this year, trailing only Binance’s Changpeng Zhao, who’s down US$81 billion, and Jeff Bezos’s US$62 billion drop.Musk, who has said bots plague Twitter and that he would make getting rid of them a priority if he owned the platform, responded to that tweet by Agrawal with a poo emoji.Musk has grown increasingly vocal since launching his US$44 billion offer for Twitter.5% to US$38.The battle over bots has become a sticking point for Musk, who told a tech conference in Miami on Monday that fake users make up at least 20% of all Twitter accounts, possibly as high as 90%.
Wednesday was no exception.He tweeted that ESG was “a scam” after Tesla lost its spot on an S&P Global index that tracks companies on their environmental, social and governance standards.Subscribe to Mid-day email alert We deliver news to your inbox daily.” The process used to estimate how many accounts are bots has been shared with Musk, Agrawal insisted.He also predicted that “political attacks” on him would “escalate dramatically in coming months.” Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam.It has been weaponized by phony social justice warriors.” Musk has described his motivation as stemming from a desire to ensure freedom of speech on the platform and to boost monetization of a website that is massively influential but has struggled to attain profitable growth.The proposed takeover includes a US$1bil (RM4.
— Elon Musk (@elonmusk) May 18, 2022 In a separate tweet, Musk said he’d supported Democrats in the past because “they were (mostly) the kindness party,” but has now changed his mind.“They have become the party of division & hate, so I can no longer support them and will vote Republican,” he said.Subscribe to Mid-day email alert We deliver news to your inbox daily.
Twitter board says it plans to ‘enforce’ Musk merger agreement(May 18): Twitter Inc.’s board said it plans to enforce its US$44 billion agreement to be bought by Elon Musk, saying the transaction is in the best interest of all shareholders.“We intend to close the transaction and enforce the merger agreement,” the board said Tuesday in a statement to Bloomberg News. Directors voted earlier to unanimously recommended that shareholders approve Musk’s US$54.20-a-share offer.The board’s statement comes as Musk appears to be maneuvering to ditch or renegotiate his offer.Musk said
Musk says no Twitter deal without clarity on spam accounts | Malay MailNEW YORK, May 17 — Billionaire Elon Musk said today that his purchase of Twitter would not go ahead unless he was given assurances on the bots that he says plague the platform, further complicating his acrimonious bid for the social media giant. The chief of SpaceX as well as Tesla, Musk is...
Elon Musk says Twitter must prove bot claims for US$44bil deal to proceedElon Musk declared he won’t proceed with his US$44bil (RM193.17bil) takeover of Twitter Inc unless the social media giant can prove bots make up fewer than 5% of its users, casting yet more uncertainty over the deal.
Musk seeks proof on share of spam bots on Twitter for deal to progressSAN FRANCISCO/NEW YORK (May 17): Elon Musk said on Tuesday (May 17) his US$44 billion (about RM193.17 billion) offer would not move forward until Twitter Inc shows proof that spam bots account for less than 5% of its total users, hours after suggesting he could seek a lower price for the company.'My offer was based on Twitter's SEC (US Securities and Exchange Commission) filings being accurate. Twitter's CEO (chief executive officer) publicly refused to show proof of
This is why Elon Musk replied to the Twitter CEO with the poop emoji - SoyaCincauTwitter CEO Parag Agrawal is pushing back against Elon Musk’s concerns on Twitter, to which Musk responded with a singular poop emoji. But let's look at how this came to be.
Musk tells conference a lower price for Twitter might be appropriate | Malay MailSAN FRANCISCO, May 17 ― Elon Musk suggested that a lower price for Twitter Inc may be appropriate as he and CEO Parag Agrawal quarrelled over the company's estimates of spam accounts yesterday, according to an attendee at a private conference where Musk was speaking. Twitter shares extended...