Acquisition of Twitter by Elon Musk

Elon Musk, after acquiring Twitter for USD44 billion in 2022, dismissed several top executives, including Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett. Subsequently, Agrawal and other former executives have filed a lawsuit against Musk, alleging that he withheld USD 128 million in severance payments. Musk later renamed Twitter as X.

Elon Musk's brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk's $55.8 billion pay package as CEO of Tesla.

Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Feb. 8, according to state records.

A judge in the U.S. state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.

 A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust.

Musk closed the $44 billion deal on Oct. 27, 2022, facing a lawsuit that held him to terms of purchase he was keen to escape.

The new CEO of the company formerly known as Twitter says she's spent much of the past eight weeks trying to get big brands back and advertising on the social media platform that's been in upheaval since it was bought last year by Elon Musk.

Elon Musk says his potential in-person fight with Mark Zuckerberg would be streamed on his social media site X, formerly known as Twitter.

The two tech billionaires seemingly agreed to a "cage match" face-off in late June.

Following several complaints, Elon Musk's "X" sign has been removed from his social media company, formerly known as Twitter's San Francisco headquarters on Monday in the afternoon hours, The Hill reported.

Elon Musk says Twitter is still losing cash because advertising has dropped by half.

In a reply to a tweet offering business advice, Musk tweeted on July 15, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load."

"Need to reach positive cash flow before we have the luxury of anything else," he concluded.

In what may be the clearest sign yet that Twitter sees Meta as a competitive threat, the former has threatened the latter with a lawsuit following the successful launch of Meta's new Twitter rival, Threads, reported CNN.

Twitter has threatened legal action against Meta over its new, text-based app called Threads, according to a letter obtained by Semafor.