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(Reuters) - Elon Musk has settled his latest legal fight with the U.S. Securities and Exchange Commission by agreeing to testify for the regulator's probe into his 2022 acquisition of social media ...
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
Twitter stock jumped 11% in early trading today, following the news that CEO Jack Dorsey is stepping down. See: Crypto Update: Jack Dorsey's Square Publishes Whitepaper for Decentralized Bitcoin...
Twitter, Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service.
The investigation, which escalates a long-running feud between the SEC and Musk, concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which Musk renamed X ...
Twitter's stock sank by 7 percent after the news, dropping by a further 11 percent the next day. On July 10, Twitter hired the law firm Wachtell, Lipton, Rosen & Katz to represent its case, including "key lawyers" William Savitt and Leo Strine , [111] along with Potter Anderson & Corroon, Ballard Spahr , Kobre & Kim, and Wilson Sonsini Goodrich ...
Jack Patrick Dorsey (born November 19, 1976) [3] is an American Internet entrepreneur, philanthropist, and programmer, who is a co-founder and former CEO of Twitter, Inc. from 2015 until 2021, as well as co-founder, principal executive officer and chairperson [4] of Block, Inc., which is the developer of the Square financial services platform.
After the news of the deal went out, Twitter shares rose 5.7% to $51.70 by the end of Monday's trading. In a virtual all-hands meeting Monday afternoon, Twitter Chief Executive Parag Agrawal said ...