Elon Musk believes that X, formerly Twitter, could eventually reach a market cap of $1 trillion, expressing optimism about its future valuation.
Investors who lost money when Elon Musk tweeted about taking Tesla private may soon receive a $41.53 million payout as part of a settlement for federal securities fraud charges.
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.
X, the Elon Musk-owned social media platform formerly known as Twitter, has obtained payments licenses from several U.S. states, indicating plans to support payment processing and cryptocurrency services.
Elon Musk moved forward the Twitter deal closure in a last-minute scheme to terminate the employment of CEO Parag Agrawal and senior management, inflicting punishment for alleged fraudulent practices and to prevent stock options from vesting.
Elon Musk reportedly helped Larry Ellison reset his Twitter password after the billionaire forgot it, in exchange for Ellison's pledge to invest in Musk's Twitter takeover.
Elon Musk became repulsed by the Twitter logo and its presence in the company's offices, ultimately leading him to acquire Twitter and rebrand it as X.com with plans to transform it into an all-encompassing app for financial and social matters.
Russian President Vladimir Putin praised Elon Musk as a "talented businessman" during his speech at the Eastern Economic Forum, while also mentioning Russia's willingness to support private businesses, including its own space programs, following the recent failure of a lunar mission.
Elon Musk's takeover of Twitter led to multiple business decisions that violated the company's internal policies and likely ran afoul of a government order on data security and privacy, according to depositions from former employees published by the Justice Department in a court filing.
Elon Musk's new biography reveals that he was upset with Jeff Bezos for not inviting him to tour Blue Origin's factory after Bezos toured SpaceX, leading to an awkward dinner and a long-standing feud between the two billionaires in the space race.
Elon Musk's SpaceX is no longer subsidizing the cost of its Starlink antennas, which is a positive step toward improving profitability and indicates that the terminals now cost less than $600 each to make.
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 is known for his disruptive innovation in the electric vehicle industry, space exploration, and his controversial use of Twitter, but his historical significance and impact on social media may not be seen as a net force for good in the long run.
The Senate Committee on Armed Services is planning to investigate Elon Musk over his decision to shut off access to SpaceX's Starlink in Crimea during the Russian invasion of Ukraine, questioning the extent of Musk's control over the use of his network and the potential national security risks posed by contractors independently discontinuing services.
Elon Musk is considering turning the social network, formerly known as Twitter, into a subscription-based platform in order to eliminate bots and address financial issues.
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.
