WILMINGTON: A Delaware judge ordered a halt to Twitter Inc’s lawsuits against Elon Musk on the eve of trial to give the billionaire time to finance his $44 billion takeover of the social media platform, according to a Thursday court filing. The litigation was halted until Oct. 28 at 5 p.m. EDT to allow Musk, … Read more
Elon Musk is aiming to increase Twitter’s annual revenue to $26.4 billion by 2028, up from $5 billion last year, the New York Times reported on Friday, citing a pitch deck presented by the world’s richest man to investors. Advertising will fall to 45% of total revenue under Musk, down from about 90% in 2020, … Read more
Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal. Musk, the world’s richest man, is also the CEO at Tesla Inc and heads two other … Read more