A group of SpaceX employees reportedly wrote a letter to the company’s executives that detailed frustrations over the recent behavior and public statements of the company’s founder and chief executive, Elon Musk. According to the Verge, the publication that first reported on the letter’s existence, employees referred to Musk’s behavior as a “distraction and embarrassment” … Read more
Elon Musk offered to buy Twitter for $43 billion. He currently has a 9.2% stake in Twitter. Photo by Christian Marquardt – Pool/Getty Images Text size Twitter adopted a so-called poison pill Friday in a bid to ward off Elon Musk’s unsolicited $43 billion takeover offer. The board unanimously approved a limited duration shareholder rights … Read more
Text size Elon Musk, CEO of Tesla. Suzanne Cordeiro/AFP via Getty Images Tesla CEO Elon Musk offered to buy the social- media platform Twitter on Thursday, sending shares of the car maker lower. Investors might be worried about distraction for Musk as Tesla ramps up production at new plants, but there are other potential concerns … Read more
Elon Musk’s newly disclosed 9.2% stake in Twitter Inc. has made him the largest shareholder of the social media-company, topping co-founder and former Chief Executive Jack Dorsey and elbowing out numerous financial institutions. Mr. Musk reported owning almost 73.5 million shares of Twitter as of March 14, according to a securities filing Monday.