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Ackman Open to Musk Taking Twitter Public Again Via SPARC Despite Revenue Declines

  • Activist investor Bill Ackman said he has not talked to Elon Musk about investing in X/Twitter through his new SPARC vehicle.

  • Ackman said he respects Musk and the improvements he's made to the X platform. He sees it as a difficult-to-disrupt asset.

  • Ackman highlighted X's $13 billion debt as a reason for Musk to take part of it public again via SPARC.

  • If X went public again, it would likely be at a valuation far below the $44 billion Musk paid.

  • X faces revenue declines, loss of advertisers and increased competition from Meta's Threads and advertising capabilities.

cnbc.com
Relevant topic timeline:
Main Topic: Elon Musk's rebranding of Twitter to X and the intellectual property issues surrounding it. Key Points: 1. Elon Musk announced the rebranding of Twitter to X, but his company did not hold the @X account, which belonged to a San Francisco photographer since 2007. 2. The sudden takeover of the handle highlights the branding and intellectual property rights issues that Musk's company now faces. 3. Musk's use of the X logo and potential trademarking of the brand could lead to legal challenges from other companies that use the letter X in the tech or internet services context.
Main topic: Elon Musk-owned social network X (formerly Twitter) has made TweetDeck a subscriber-only product. Key points: 1. TweetDeck, previously a free tool, is now only accessible to subscribers of X Pro. 2. This move affects social media managers, journalists, and power users who relied on TweetDeck for tracking lists and trends on Twitter/X. 3. Under Musk's ownership, X has introduced various subscription offerings, including verification marks, longer text and video posts, fewer ads, encryption in DMs, and ad revenue sharing. Hint on Elon Musk: Elon Musk is the owner of social network X (formerly Twitter) and has implemented changes such as making TweetDeck a subscriber-only product and introducing various subscription offerings.
Elon Musk believes that X, formerly Twitter, could eventually reach a market cap of $1 trillion, expressing optimism about its future valuation.
Elon Musk's social network, formerly known as Twitter and now called X, is facing 2,200 arbitration cases filed by ex-employees after Musk took over the company, leading to potential filing fees of $3.5 million, as revealed in a recent court filing. The cases are part of a lawsuit in a Delaware district court brought by a former senior staff network engineer, Chris Woodfield, who alleges that X failed to pay his severance and delayed the dispute resolution process by not paying the necessary fees.
Former pharmaceutical executive and convicted securities fraudster Martin Shkreli claims he has been lobbying Elon Musk through mutual friends to regain access to his original X (formerly Twitter) account, alleging that Musk's actions contradict his stance on free speech; Shkreli believes Musk may be jealous of him and his machismo.
Elon Musk's Twitter, now rebranded as X, has obtained a currency transmitter license in Rhode Island, indicating a possible move towards crypto payments and turning the platform into an all-in-one app like China's WeChat.
Elon Musk borrowed $1 billion from SpaceX to fund his acquisition of Twitter, which was also financed by bank loans backed by Tesla stock, and he has previously borrowed $500 million from SpaceX between 2018 and 2020.
Elon Musk's Subscriptions feature on X (formerly Twitter) is not gaining significant traction, with Musk having only 40,000 subscribers out of his 155 million followers, suggesting that it is not a successful tool in the creator economy.
Bill Ackman predicts further challenges for regional banks and commercial real estate due to interest rate impacts, expresses concern about government debt, warns of disruptive AI, and suggests that Elon Musk's X (formerly Twitter) will ultimately succeed.
Elon Musk, known for his leadership at Tesla and SpaceX, has a relentless drive for intensity and risk-taking, leading him to acquire Twitter and run multiple companies simultaneously.
Elon Musk, CEO of SpaceX and Tesla, revealed plans for his social network, X (formerly Twitter), to introduce a monthly payment system to combat bots, but did not disclose the cost or additional features included, while also claiming to have 550 million monthly users generating millions of daily posts, without specifying the authenticity of these users. Musk's discussion with Israeli Prime Minister Benjamin Netanyahu also addressed concerns over hate speech and antisemitism on the platform, following Musk's previous amplification of such content. Musk's takeover of Twitter led to significant changes, including staff cuts, the restoration of previously suspended accounts, and the elimination of Twitter's verification system.
Elon Musk hinted at the possibility of introducing a small monthly fee for using his company X, formerly Twitter, in an effort to combat the presence of bots on the platform, although no further details were provided.
Elon Musk's recent investment in Twitter and potential plans to expand its capabilities have sparked speculation about his next move, as the bitcoin price continues to fluctuate following his previous involvement in the cryptocurrency.
Main Topic: Elon Musk's involvement with Twitter and its impact Key Points: 1. Musk's impulsive decision to buy Twitter and subsequent regret. 2. Musk's motivation for increasing Twitter Blue subscriptions as part of his broader financial-services and payments platform plans. 3. Musk's controversial actions regarding the ADL and activists, his flip-flopping on restoring Donald Trump's account, and the creation of the "hardcore Twitter" pledge.
Elon Musk's company, X Corp., is facing a trademark infringement lawsuit from a social media ad agency, X Social Media, over the rebranding of Twitter to "X," with the agency arguing that the rebranding has caused consumer confusion and harm to its own "X Social Media Mark."
Elon Musk-owned social media platform X, formerly known as Twitter, is facing financial challenges as advertising revenue decreases and its value is estimated to be worth less than its debt.
Elon Musk's tenure as head of Twitter (now X) has been characterized by numerous failures, including failed subscription fees, controversial policies, and a decline in user activity, leading to questions about the platform's future and financial viability.
Tesla CEO Elon Musk has a bargaining advantage with banks due to X's poor financial performance, and three lenders involved in Musk's deal to buy Twitter may have formed a group to protect themselves from potential chaos in a fire sale.
Elon Musk's takeover of Twitter, now called X, is facing accusations of retaliatory firings and violations of labor rights as a former employee files a complaint alleging illegal termination for challenging the company's return-to-office policy.
X, formerly known as Twitter, plans to charge new users $1 per year to access key features, including tweeting, replying, liking, and bookmarking, as owner Elon Musk aims to combat the proliferation of bots on the platform.
Elon Musk-owned social media platform X, formerly known as Twitter, has launched a program in limited territories that charges $1 for new signups in an attempt to combat spam and bot activity, although there is skepticism about its effectiveness.
Elon Musk's social network X, formerly known as Twitter, is testing a $1 annual subscription for new users in New Zealand and the Philippines in an effort to reduce spam and bot activity on the platform.
Elon Musk is reportedly considering pulling Twitter (referred to as "X") out of the European Union rather than complying with the bloc's Digital Services Act, as the platform faces investigation and requirements regarding content moderation and illegal content handling.
Elon Musk announced that social media platform X, formerly known as Twitter, will introduce two new tiers of premium subscriptions, one with all features but ads and a more expensive option with no ads, in an effort to boost revenue.
Elon Musk plans to make X the center of people's financial lives, handling all aspects of money and securities by the end of 2024, aiming to surpass PayPal's capabilities and create a comprehensive financial hub.
Elon Musk's ownership of X, formerly known as Twitter, has been marked by erratic changes, declining user engagement and ad revenue, and struggles to break even, raising questions about the company's future.
Elon Musk's ownership of Twitter, now renamed X, has led to an increase in anti-LGBTQ hate speech, harassment, and disinformation, causing many LGBTQ users, including high-profile figures like Elton John and Ellen DeGeneres, to abandon the platform.
Elon Musk aims to transform X into an all-encompassing financial platform, positioning it as a central hub for users' financial needs and potentially competing with traditional banks and online platforms like YouTube and LinkedIn.
Elon Musk's takeover of X, formerly known as Twitter, has led to a decline in users and advertisers, as well as a loss of core features and revenue, preventing it from becoming the "everything app" Musk envisioned.
Elon Musk's social media platform X (formerly Twitter) introduces two new subscription plans, including a $16 per month ad-free Premium+ tier.
Elon Musk revealed plans to expand the financial services arm of Twitter, now rebranded as X, to compete with banks and payment platforms like PayPal, potentially driving widespread adoption of cryptocurrencies.