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	<title>elon musk take over twitter Archives - Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</title>
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		<title>Elon Musk is the Highest-Paid CEO of 2021</title>
		<link>https://www.indothainews.com/elon-musk-is-the-highest-paid-ceo-of-2021/</link>
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		<pubDate>Mon, 30 May 2022 06:12:25 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk is the highest-paid CEO of 2021 according to Fortune 500 with a salary of $23.5 billion after exercising the stock option. Tesla and SpaceX CEO Elon Musk, who may soon buy Twitter, is at the top of Fortune&#8217;s list of highest-paid CEOs. The others, on the other hand, are likewise in the technology&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-is-the-highest-paid-ceo-of-2021/">Elon Musk is the Highest-Paid CEO of 2021</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Elon Musk is the highest-paid CEO of 2021 according to Fortune 500 with a salary of $23.5 billion after exercising the stock option.</p>



<p class="wp-block-paragraph">Tesla and SpaceX CEO Elon Musk, <a href="https://indothainews.com/ola-ceo-bhavish-aggarwal-responds-to-elon-musk/">who may soon buy Twitter</a>, is at the <a href="https://www.thehansindia.com/technology/tech-news/the-worlds-richest-man-elon-musk-was-the-highest-paid-ceo-of-2021-745738">top of Fortune&#8217;s list of highest-paid CEOs</a>. The others, on the other hand, are likewise in the technology and biotech industries. Tim Cook, the CEO of Apple, Satya Nadella, the CEO of Microsoft, and Reed Hastings, the CEO of Netflix, is among these executives. Cook was paid $770.5 million in 2021 alone, according to Fortune, which was a component of a $1.7 billion 10-year stock grant. He was ranked number two on the list. His remuneration is appropriate because Apple&#8217;s market worth climbed by $2.2 billion during his tenure. On the Fortune 500, Apple is ranked third.</p>



<p class="wp-block-paragraph">In 2021, Nvidia&#8217;s Jensen Huang received $561 million in salary, while Cook cornered the former. Huang &#8220;realized around $507 million from expiring options that had been awarded in 2011 and 2012, representing the approximately 60x increase in the company&#8217;s share price over the [previous] decade,&#8221; according to a spokeswoman for Fortune 500. Reed Hastings, the CEO of Netflix, is in fourth place, having recently announced various new initiatives to boost revenues for the company, which has been beset by issues such as account sharing and inferior content compared to its competitors. According to the Fortune 500, Hastings made $453.5 million last year. A Netflix spokeswoman, on the other hand, refuted the report. &#8220;His pay in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options, according to our proxy statement,&#8221; says the company.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-is-the-highest-paid-ceo-of-2021/">Elon Musk is the Highest-Paid CEO of 2021</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Ola CEO Bhavish Aggarwal Responds to Elon Musk</title>
		<link>https://www.indothainews.com/ola-ceo-bhavish-aggarwal-responds-to-elon-musk/</link>
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		<pubDate>Sun, 29 May 2022 16:36:38 +0000</pubDate>
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					<description><![CDATA[<p>Ola CEO Bhavish Aggarwal responds to Elon Musk tweet on Tesla in India, he tweeted &#8211; &#8220;Thanks, but no thanks&#8221;. Musk&#8217;s announcement a day earlier that the US-based electric carmaker would not build in India until it was allowed to sell and service its cars in the nation prompted Aggarwal&#8217;s tweet on Saturday. “Tesla will&#8230;</p>
<p>The post <a href="https://www.indothainews.com/ola-ceo-bhavish-aggarwal-responds-to-elon-musk/">Ola CEO Bhavish Aggarwal Responds to Elon Musk</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Ola CEO Bhavish Aggarwal responds to <a style="user-select: auto;" href="https://indothainews.com/elon-comments-on-tesla-in-india/">Elon Musk tweet on Tesla in India</a>, he tweeted &#8211; &#8220;Thanks, but no thanks&#8221;.</p>



<p class="wp-block-paragraph">Musk&#8217;s announcement a day earlier that the US-based electric carmaker would not build in India until it was allowed to sell and service its cars in the nation prompted Aggarwal&#8217;s tweet on Saturday.</p>



<p class="wp-block-paragraph">“Tesla will not put a manufacturing plant in any location where we are not allowed first to sell &amp; service cars,” Musk tweeted on Friday.</p>



<p class="wp-block-paragraph">Tesla&#8217;s admission into the country has been on hold since 2019, due to the government&#8217;s refusal to accept the company&#8217;s desire for a reduction in import tariffs. India imposes a 60% import charge on electric vehicles with a price of $40,000 or less, and a 100% levy if the price is higher.</p>



<p class="wp-block-paragraph">Aggarwal&#8217;s announcement comes as the local EV maker hunts for locations to develop cells and electric vehicles. Ola Electric would need 1,000 acres of land to build the facilities, which are expected to cost Rs 10,000 crore.</p>



<p class="wp-block-paragraph">The company already owns 500 acres in Krishnagiri, Tamil Nadu, where it has erected the world&#8217;s largest two-wheeler plant, the Futurefactory.</p>



<p class="wp-block-paragraph">Ola will <a href="https://economictimes.indiatimes.com/tech/technology/thanks-but-no-thanks-ola-electrics-bhavish-aggarwal-tells-elon-musk-as-tesla-snubs-india/articleshow/91852039.cms">debut its first electric car in the next 2 to 3 years</a>, according to Aggarwal, and it will be constructed at a new plant separate from the existing Futurefactory.</p>



<p class="wp-block-paragraph">The Indian government is enthusiastic about electric vehicles and has given a number of incentives to encourage both manufacturing and demand.</p>



<p class="wp-block-paragraph">FAME II (Faster Adoption and Manufacturing of [Hybrid and] Electric Vehicles in India) is a Rs 10,000 crore plan.</p>



<p class="wp-block-paragraph">Nitin Gadkari, the Union Minister for Road Transport and Highways, has previously advised Tesla to avoid importing automobiles from China. According to Gadkari, if an EV company manufactures its automobiles in India, it will be eligible for the requisite subsidies.</p>
<p>The post <a href="https://www.indothainews.com/ola-ceo-bhavish-aggarwal-responds-to-elon-musk/">Ola CEO Bhavish Aggarwal Responds to Elon Musk</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Comments on Tesla in India</title>
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		<pubDate>Sat, 28 May 2022 12:18:38 +0000</pubDate>
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					<description><![CDATA[<p>Elon comments on Tesla in India – “Tesla will not put a manufacturing plant in any location where we are not allowed first to sell &#38; service cars.” When will Tesla begin operations in India? Is Starlink planning a visit to the country? Elon Musk responded to these frequently asked questions on Twitter on Friday.&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-comments-on-tesla-in-india/">Elon Comments on Tesla in India</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Elon comments on Tesla in India – “Tesla will not put a manufacturing plant in any location where we are not allowed first to sell &amp; service cars.”</p>



<p class="wp-block-paragraph">When will Tesla begin operations in India? Is Starlink planning a visit to the country? Elon Musk responded to <a href="https://www.hindustantimes.com/india-news/tesla-starlink-in-india-elon-musk-was-asked-on-twitter-his-reply-101653711532291.html">these frequently asked questions on Twitter</a> on Friday. While the world&#8217;s richest man has been in the news recently for a variety of reasons, <a href="https://indothainews.com/elon-musk-purchases-twitter/">including his $44 billion Twitter buy and his political views</a>, Indians are most interested in the much-anticipated coming of Tesla – a car business based in Texas, United States – to the country.</p>



<p class="wp-block-paragraph">Elon Musk is welcome to manufacture electric vehicles in India, according to Union Minister Nitin Gadkari, but it cannot be a &#8220;good proposition&#8221; if the Tesla CEO wants to construct in China and sell in India.</p>



<p class="wp-block-paragraph">&#8220;It is a very easy alternative; if Elon Musk is ready to manufacture a Tesla in India, there is no problem. We have got all the competencies, the vendors are available. We have got all types of technology and because of that, he can reduce the cost,&#8221; Gadkari had said while speaking at a private event in Delhi.</p>



<p class="wp-block-paragraph">&#8220;He is welcome in India. We don&#8217;t have any problem, but, suppose, he wants to manufacture in China and sell in India, it cannot be a good proposition for India. Our request to him is, come to India and manufacture here,&#8221; Gadkari said.</p>



<p class="wp-block-paragraph">Meanwhile, with <a href="https://indothainews.com/elon-musk-deploys-starlink-satellites-in-ukraine/">regard to Starlink</a>, the question “Elon, any update on Starlink approval usage in India? Starlink&#8217;s vision to provide cheap and fast Internet connection all over the world is incredible &#8230; Starlink in India would be an absolute HIT” was asked he responded, “we are waiting for government approval”.</p>
<p>The post <a href="https://www.indothainews.com/elon-comments-on-tesla-in-india/">Elon Comments on Tesla in India</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Twitter Shareholders Sue Elon Musk for Stock Manipulation</title>
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		<pubDate>Fri, 27 May 2022 11:51:14 +0000</pubDate>
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					<description><![CDATA[<p>Twitter shareholders sue Elon Musk for stock manipulation to reduce the platform’s stock price to be able to adjust his $44 billion deal. According to the lawsuit, the billionaire Tesla CEO tweeted and made statements in an attempt to cast doubt on the deal, which has roiled social media for weeks. A shareholder filed a&#8230;</p>
<p>The post <a href="https://www.indothainews.com/twitter-shareholders-sue-elon-musk-for-stock-manipulation/">Twitter Shareholders Sue Elon Musk for Stock Manipulation</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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<p class="wp-block-paragraph">Twitter shareholders sue Elon Musk for stock manipulation to reduce the platform’s stock price to be able to adjust his $44 billion deal.</p>



<p class="wp-block-paragraph">According to the lawsuit, the billionaire Tesla CEO tweeted and <a href="https://indothainews.com/elon-musk-tries-to-pull-out-of-the-twitter-deal/">made statements in an attempt to cast doubt on the deal</a>, which has roiled social media for weeks.</p>



<p class="wp-block-paragraph">A <a href="https://www.ndtv.com/world-news/elon-musk-sued-by-twitter-shareholders-for-stock-price-manipulation-3013344">shareholder filed a petition on Wednesday seeking class-action status and asking a federal court in San Francisco to uphold the deal&#8217;s legitimacy</a> and give shareholders any damages authorized by law.</p>



<p class="wp-block-paragraph">Musk stated last week that his attempt to buy Twitter wouldn&#8217;t go through unless he has confirmation of the platform&#8217;s spam problem, adding to the uncertainty surrounding his roller-coaster pursuit of the platform.</p>



<p class="wp-block-paragraph">The suit stated that Musk&#8217;s tweet stating the plan to buy Twitter was &#8220;temporarily on hold&#8221; disregarded the reality that nothing in the purchase contract allows for so.</p>



<p class="wp-block-paragraph">According to the action filed by William Heresniak of Virginia, Musk arranged his Twitter takeover in late April without performing the due diligence required in such megadeals.</p>



<p class="wp-block-paragraph">According to the lawsuit, the final contract simply needed to be approved by Twitter shareholders and regulators, and it was set to close on October 24 of this year.</p>



<p class="wp-block-paragraph">The suit claimed that his goal was to create leverage so that he could get Twitter for a substantially lower price or back out of the agreement without facing any consequences.</p>



<p class="wp-block-paragraph">&#8220;Musk&#8217;s market manipulation worked — Twitter&#8217;s valuation has dropped by $8 billion since the takeover was disclosed,&#8221; the accusation read.</p>



<p class="wp-block-paragraph">Twitter shares closed marginally higher on Thursday at $39.52, indicating market skepticism that the takeover will be completed at Musk&#8217;s original proposal of $54.20 per share.</p>
<p>The post <a href="https://www.indothainews.com/twitter-shareholders-sue-elon-musk-for-stock-manipulation/">Twitter Shareholders Sue Elon Musk for Stock Manipulation</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Tries to Pull Out of the Twitter Deal</title>
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		<pubDate>Fri, 20 May 2022 09:53:25 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk tries to pull out of the Twitter deal according to the experts as his recent behavior aims to renegotiate. Elon Musk is a clever negotiator and a savvy businessman. You don&#8217;t become the world&#8217;s richest person by smoking pot. He&#8217;s probably realized that going after Twitter isn&#8217;t worth it and that this arrangement&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-tries-to-pull-out-of-the-twitter-deal/">Elon Musk Tries to Pull Out of the Twitter Deal</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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<p class="wp-block-paragraph">Elon Musk tries to pull out of the Twitter deal according to the experts as his recent behavior aims to renegotiate. Elon Musk is a clever negotiator and a savvy businessman. You don&#8217;t become the world&#8217;s richest person by smoking pot. He&#8217;s probably realized that going after Twitter isn&#8217;t worth it and that this arrangement will cost him more than it would get him.</p>



<p class="wp-block-paragraph">In January, Musk began purchasing Twitter stock. He announced a 9.2% ownership in the company on March 14. Twitter CEO Parag Agrawal announced Musk&#8217;s appointment to the board of directors on April 5, calling it a &#8220;positive&#8221; move that will make Twitter &#8220;stronger in the long run.&#8221; Musk declined to join the board on April 10, according to Agrawal.</p>



<p class="wp-block-paragraph">Musk offered a comprehensive proposal to fund the US$44 billion acquisition on April 21. Musk would pay US$21 billion of his own money, the majority of which would come from the sale of his Tesla stock holdings, and he would also borrow US$13 billion against his Tesla stock holdings. Twitter&#8217;s board of directors accepted Musk&#8217;s offer on April 25 after seeing a realistic finance plan.</p>



<p class="wp-block-paragraph">Musk stated worries on May 17 that<a href="https://indothainews.com/leaked-video-of-twitter-employees-goes-viral/"> 20% of Twitter accounts are false, that his offer was premised on Twitter&#8217;s subscriber count being correct,</a> and that he would not proceed with the acquisition until there was proof that fewer than 5% of accounts are fake.</p>



<p class="wp-block-paragraph">Musk&#8217;s threat was absurd because his offer was never about the number of subscribers or the deal&#8217;s finances. After all, Twitter&#8217;s revenues, cash flows, dividends, or profits are insufficient to warrant a valuation of US$44 billion.</p>



<p class="wp-block-paragraph">This could <a href="https://www.ndtv.com/world-news/is-elon-musk-getting-cold-feet-why-he-may-be-trying-to-pull-out-of-twitter-deal-2992942">be the groundwork or the foundations of a future modification or cancellation of the deal.</a></p>
<p>The post <a href="https://www.indothainews.com/elon-musk-tries-to-pull-out-of-the-twitter-deal/">Elon Musk Tries to Pull Out of the Twitter Deal</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Leaked Video of Twitter Employees Goes Viral</title>
		<link>https://www.indothainews.com/leaked-video-of-twitter-employees-goes-viral/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Wed, 18 May 2022 05:31:18 +0000</pubDate>
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					<description><![CDATA[<p>A leaked video of Twitter employees goes viral claiming the social media platform has no freedom of speech. Though Twitter has not commented on the stolen videos, it is believed that staff received an email regarding protecting internal conversations and standards. As the video of a Twitter employee publicly stating that Twitter has no freedom&#8230;</p>
<p>The post <a href="https://www.indothainews.com/leaked-video-of-twitter-employees-goes-viral/">Leaked Video of Twitter Employees Goes Viral</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">A leaked video of Twitter employees goes viral claiming the social media platform has no freedom of speech. Though Twitter has not commented on the stolen videos, it is believed that staff received an email regarding <a href="https://www.hindustantimes.com/world-news/elon-musk-reacts-to-leaked-twitter-video-where-engineer-says-we-re-commie-as-f-101652833294384.html">protecting internal conversations and standards</a>.</p>



<p class="wp-block-paragraph">As the video of a Twitter employee publicly stating that Twitter has no freedom of speech and that his coworkers are &#8220;commies as f***&#8221; has gone viral on social media, Tesla CEO Elon Musk has responded. &#8216;Is this legit?&#8217; Elon Musk commented on journalist Benny Johnson&#8217;s video. After a far-right activist group called Project Veritas posted the video of one Siru Murugesan, who described himself as a senior programmer at Twitter, it caused a sensation. Another video has been posted in which Twitter&#8217;s lead client partner Alex Martinez discusses how Twitter manages public opinion. Musk has also smiled in response to the footage.</p>



<p class="wp-block-paragraph">“Twitter does not believe in free speech. <a href="https://indothainews.com/twitter-ceo-parag-agrawal-and-elon-musk-debates-on-bots/">Elon believes in free speech</a>. He&#8217;s a capitalist and we weren&#8217;t really operating like capitalists, more like very socialist. Like we&#8217;re all like commie as f***. Ideologically, it does not make sense like because we are actually censoring the right and not the left. So, everyone on the right wing will be like, &#8216;bro, it&#8217;s okay to say it. Just gotta tolerate it.&#8217; The left will be like, &#8216;No I&#8217;m not gonna tolerate it. I need it censored or else I&#8217;m not gonna be on the platform,” Siru Murugesan said.</p>



<p class="wp-block-paragraph">On being asked about what his colleagues think about Elon Musk buying Twitter, the senior engineer said, &#8220;They hate it. Oh my God. I&#8217;m at least like okay with it. But some of my colleagues are like super left, left, left, left, left. They&#8217;re like, &#8216;this would be my last day if it happens&#8217;.&#8221;</p>
<p>The post <a href="https://www.indothainews.com/leaked-video-of-twitter-employees-goes-viral/">Leaked Video of Twitter Employees Goes Viral</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Twitter CEO Parag Agrawal and Elon Musk Debates on Bots</title>
		<link>https://www.indothainews.com/twitter-ceo-parag-agrawal-and-elon-musk-debates-on-bots/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Tue, 17 May 2022 05:38:03 +0000</pubDate>
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					<description><![CDATA[<p>Twitter CEO Parag Agrawal and Elon Musk debate on bots as the future of the social media platform is on hold. Agrawal outlined Twitter&#8217;s approach to spam accounts and the obstacles it faces in dealing with them in a series of tweets on Monday. Every day, Twitter suspends &#8220;over half a million spam accounts,&#8221; according&#8230;</p>
<p>The post <a href="https://www.indothainews.com/twitter-ceo-parag-agrawal-and-elon-musk-debates-on-bots/">Twitter CEO Parag Agrawal and Elon Musk Debates on Bots</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Twitter CEO Parag Agrawal and Elon Musk debate on bots as the future of the social media platform is on hold. Agrawal outlined Twitter&#8217;s approach to spam accounts and the obstacles it faces in dealing with them in a series of tweets on Monday.</p>



<p class="wp-block-paragraph">Every day, Twitter suspends &#8220;over half a million spam accounts,&#8221; according to Agrawal. He <a href="https://edition.cnn.com/2022/05/16/tech/elon-musk-twitter-spam-bots-parag/index.html">reaffirmed Twitter&#8217;s long-held estimate</a> that less than 5% of its daily active users are spam accounts, <a href="https://indothainews.com/elon-musk-violated-an-nda-according-to-twitter-legal-team/">which Musk mentioned on Friday when declaring that his $44 billion proposals to buy Twitter were &#8220;temporarily on hold.&#8221;</a></p>



<p class="wp-block-paragraph">That estimate, according to Agrawal, is based on &#8220;multiple human reviews&#8230; of thousands of accounts&#8221; picked at random, but it&#8217;s impossible to know which accounts are counted on any given day. While Twitter feels its estimations are &#8220;reasonable,&#8221; the measures were not independently validated, and the actual number of bogus or spam accounts could be greater.</p>



<p class="wp-block-paragraph">Musk responded to Agrawal&#8217;s first 13 tweets with a feces emoji, which reflected the transaction&#8217;s peculiar and highly online character.</p>



<p class="wp-block-paragraph">Musk then asked a more thought-provoking inquiry. &#8220;How do advertisers know what they&#8217;re getting for their money?&#8221; you might wonder. Musk asked &#8220;This is fundamental to the financial health of Twitter,&#8221; he added.</p>



<p class="wp-block-paragraph">Musk has been vocal about bots and spam accounts on Twitter, describing bitcoin spambots as the &#8220;single most aggravating problem&#8221; on the network. Anyone who has seen the answers to Musk&#8217;s tweets knows that they are full of such con artists, many of whom try to profit from Musk&#8217;s fame.</p>



<p class="wp-block-paragraph">However, other analysts believe that the world&#8217;s richest man is leveraging the bot issue to lower the price at which he would have to purchase Twitter, whether as a usual bargaining ploy or out of necessity.</p>
<p>The post <a href="https://www.indothainews.com/twitter-ceo-parag-agrawal-and-elon-musk-debates-on-bots/">Twitter CEO Parag Agrawal and Elon Musk Debates on Bots</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Violated an NDA According to Twitter Legal Team</title>
		<link>https://www.indothainews.com/elon-musk-violated-an-nda-according-to-twitter-legal-team/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Mon, 16 May 2022 08:04:09 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk violated an NDA according to the Twitter legal team after he disclosed certain processes online. Musk said on Friday that his $44 billion cash plan to take the company private was &#8220;temporarily on pause&#8221; while he awaited statistics on the percentage of bogus accounts on the platform. To identify the bots, he said&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-violated-an-nda-according-to-twitter-legal-team/">Elon Musk Violated an NDA According to Twitter Legal Team</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk violated an NDA according to the <a href="https://edition.cnn.com/2022/05/15/business/elon-musk-twitter-nda/index.html">Twitter legal team</a> after he disclosed certain processes online. Musk said on Friday that his <a style="user-select: auto;" href="https://indothainews.com/elon-musk-purchases-twitter/">$44 billion cash plan</a> to take the company private was &#8220;temporarily on pause&#8221; while he awaited statistics on the percentage of bogus accounts on the platform.</p>



<p class="wp-block-paragraph">To identify the bots, he said his team would test &#8220;a random sample of 100 followers&#8221; on Twitter. Twitter made the charge after his response to a query.</p>



<p class="wp-block-paragraph">&#8220;I choose 100 as the sample size number because that is what Twitter uses to compute 5% fake/spam/duplicate,&#8221; Musk answered when a user asked him to &#8220;elaborate on method of filtering bot accounts.&#8221;</p>



<p class="wp-block-paragraph">Musk said in a tweet early Sunday that he has yet to see &#8220;any&#8221; investigation that demonstrates the social media business has less than 5% false accounts.</p>



<p class="wp-block-paragraph">Meanwhile, as the deadly war in Eastern Europe enters its 82nd day, with Russian troops failing to meet their pre-set targets and Ukrainian troops putting up a strong fight against the invading Russian forces, Ukrainian military commander Serhiy Volyna has reached out to billionaire Tesla CEO Elon Musk, requesting help to save him and the other defenders trapped inside the besieged Azovstal style steel plant in Mariupol.</p>



<p class="wp-block-paragraph">This comes as Elon Musk has recently stepped in to extend his Starlink satellite communication services to Ukraine, while Ukrainian soldiers have sworn to continue fighting Russian forces at the steel mill in the war-torn region.</p>



<p class="wp-block-paragraph">&#8220;Elon Musk, people say you come from another planet to teach people to believe in the impossible. Our planets are next to each other, as I live where it is nearly impossible to survive. Help us get out of Azovstal to a mediating country. If not you, then who? Give me a hint.&#8221;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-violated-an-nda-according-to-twitter-legal-team/">Elon Musk Violated an NDA According to Twitter Legal Team</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Parag Agarwal Reshuffles Executives In Preparation for Takeover</title>
		<link>https://www.indothainews.com/parag-agarwal-reshuffles-executives-in-preparation-for-takeover/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Sat, 14 May 2022 08:16:53 +0000</pubDate>
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					<description><![CDATA[<p>Twitter CEO Parag Agarwal reshuffles executives in preparation for the takeover and releases a series of statements explaining his stance. This comes hours after the Twitter deal with Elon Musk is put on hold. He elaborated on his position in a series of tweets on Saturday, hours after Elon Musk revealed that his acquisition of&#8230;</p>
<p>The post <a href="https://www.indothainews.com/parag-agarwal-reshuffles-executives-in-preparation-for-takeover/">Parag Agarwal Reshuffles Executives In Preparation for Takeover</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Twitter CEO Parag Agarwal reshuffles executives in preparation for the takeover and <a href="https://www.livemint.com/companies/people/twitter-ceo-parag-agrawal-can-expect-more-change-for-the-better-elon-musk-firing-of-executives-11652491040852.html">releases a series of statements</a> explaining his stance. This comes hours after the <a href="https://indothainews.com/elon-musks-twitter-purchase-is-on-hold/">Twitter deal with Elon Musk is put on hold.</a></p>



<p class="wp-block-paragraph">He elaborated on his position in a series of tweets on Saturday, hours after Elon Musk revealed that his acquisition of the social media behemoth will be put on pause.</p>



<p class="wp-block-paragraph">Even as the firm is being owned by billionaire Elon Musk, Twitter Chief Executive Parag Agrawal announced leadership changes and a hiring freeze on Friday in order to &#8220;create a stronger Twitter.&#8221;</p>



<p class="wp-block-paragraph">Parag Agrawal also shared his thoughts a day after Twitter&#8217;s CEO removed two of the company&#8217;s top executives. He stated that the agreement with Elon Musk is likely to be completed, but that this should not be used as an excuse to delay making critical decisions for the company&#8217;s health, adding that Twitter must be prepared for all situations and always do what is best for the firm.</p>



<p class="wp-block-paragraph">Some have questioned why a &#8220;lame-duck&#8221; CEO would make these adjustments if Twitter is being acquired anyhow, according to Agrawal. In reaction to these remarks, the CEO stated that, while he expects the sale to close, Twitter must be prepared for any eventuality and always do what is best for the company.</p>



<p class="wp-block-paragraph">&#8220;We announced changes to our leadership team and operations yesterday. Changes impacting people are always hard,&#8221; the CEO tweeted adding, &#8220;I won&#8217;t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter.&#8221;</p>



<p class="wp-block-paragraph">In another tweet, Agrawal stated that regardless of who owns the firm in the future, Twitter would improve as a product and a business for customers, partners, shareholders, and all users.</p>
<p>The post <a href="https://www.indothainews.com/parag-agarwal-reshuffles-executives-in-preparation-for-takeover/">Parag Agarwal Reshuffles Executives In Preparation for Takeover</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk’s Twitter Purchase is on Hold</title>
		<link>https://www.indothainews.com/elon-musks-twitter-purchase-is-on-hold/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Fri, 13 May 2022 11:31:15 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk’s Twitter purchase is on hold days after he announced the $44 billion purchase of the social media platform. &#8220;Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,&#8221; Musk tweeted on Friday. Twitter&#8217;s stock dropped more than 20% in premarket trade as a&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musks-twitter-purchase-is-on-hold/">Elon Musk’s Twitter Purchase is on Hold</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk’s Twitter purchase is on hold days after he announced the $44 billion purchase of the social media platform. &#8220;Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,&#8221; <a href="https://edition.cnn.com/2022/05/13/tech/twitter-deal-on-hold-elon-musk/index.html">Musk tweeted on Friday</a>.</p>



<p class="wp-block-paragraph">Twitter&#8217;s stock dropped more than 20% in premarket trade as a result of the announcement.</p>



<p class="wp-block-paragraph">Musk&#8217;s tweet included a Reuters study claiming that bogus or spam accounts accounted for less than 5% of Twitter&#8217;s monetizable daily active users in the first quarter, according to a Reuters report.</p>



<p class="wp-block-paragraph">Musk had given few specifics about his plans for the social media company, but he had previously spoken out against bot accounts that spread spam. He also claims that the corporation has been too quick to deactivate accounts that have broken its content-moderation policies.</p>



<p class="wp-block-paragraph">Musk made waves on Tuesday when he said that after the acquisition was complete, he would <a href="https://indothainews.com/elon-musk-is-under-the-secs-radar/">let former President Donald Trump return to Twitter.</a> After his supporters attacked the US Capitol on January 6, 2021, Trump&#8217;s account was permanently deleted.</p>



<p class="wp-block-paragraph">Since Twitter&#8217;s board agreed to the bid on April 26, pessimism about whether the deal would go through has been circling even as Musk attempted to arrange finance for the buyout.</p>



<p class="wp-block-paragraph">Musk said that he would purchase Twitter for $54.20 per share. However, Twitter&#8217;s stock never got close to that level, lingering around $50 for weeks. That was a warning that investors doubted Musk would follow through on his offer.</p>



<p class="wp-block-paragraph">Wall Street analysts were also skeptical of Musk&#8217;s ability to purchase Twitter at $54.20 per share. The consensus target price was below $52, and the vast majority of analysts gave the stock a &#8220;hold&#8221; rating.</p>
<p>The post <a href="https://www.indothainews.com/elon-musks-twitter-purchase-is-on-hold/">Elon Musk’s Twitter Purchase is on Hold</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk is Under the SEC&#8217;s Radar</title>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Thu, 12 May 2022 09:31:05 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk is under the SEC&#8217;s radar after the late notification of the purchase of Twitter’s stock. This move has apparently allowed him to buy more stock without alerting other shareholders. According to the sources, the Securities and Exchange Commission is looking into Mr. Musk&#8217;s late submission of a public form that investors must fill&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-is-under-the-secs-radar/">Elon Musk is Under the SEC&#8217;s Radar</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Elon Musk is under the SEC&#8217;s radar after the late notification of the<a href="https://indothainews.com/elon-musk-will-reverse-trumps-ban/"> purchase of Twitter’s stock</a>. This move has apparently allowed him to buy more stock without alerting other shareholders.</p>



<p class="wp-block-paragraph">According to the sources, the <a href="https://www.wsj.com/articles/elon-musks-belated-disclosure-of-twitter-stake-triggers-regulators-probes-11652303894">Securities and Exchange Commission is looking into Mr. Musk&#8217;s late submission of a public form</a> that investors must fill out when buying more than 5% of a company&#8217;s stock. The disclosure serves as an early warning to shareholders and companies that a major investor may be attempting to gain control or influence over a firm.</p>



<p class="wp-block-paragraph">Tesla Inc. CEO Elon Musk filed his paperwork on April 4, at least 10 days after his stake reached the threshold for disclosure. Mr. Musk has not publicly stated why he failed to file on time.</p>



<p class="wp-block-paragraph">The SEC probe has never been made public. A spokeswoman for the SEC declined to comment. Mr. Musk&#8217;s lawyer did not respond to a message seeking comment on Wednesday.</p>



<p class="wp-block-paragraph">According to Daniel Taylor, a University of Pennsylvania accounting professor, Mr. Musk undoubtedly saved more than $143 million by not revealing that his trades had crossed the 5% barrier because the stock price would have been higher if the market had known about the billionaire&#8217;s rising interest.</p>



<p class="wp-block-paragraph">Investors who cross that boundary must file a form with the SEC within 10 days indicating their stake. According to securities filings, Mr. Musk&#8217;s shares surpassed 5% on March 14, indicating that he should have reported his stake by March 24 under SEC requirements.</p>



<p class="wp-block-paragraph">According to a regulatory filing, Mr. Musk bought $513 million worth of stock between $38.20 and $40.31 per share after March 24. With 9.2 percent of Twitter&#8217;s shares, he became the company&#8217;s largest individual shareholder.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-is-under-the-secs-radar/">Elon Musk is Under the SEC&#8217;s Radar</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Will Reverse Trump’s Ban</title>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Wed, 11 May 2022 06:18:51 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk will reverse Trump’s banned account on Twitter once his deal to acquire the company is completed. Musk&#8217;s comments at the Financial Times Future of the Car conference are his first public acknowledgment of what has been widely predicted since the entrepreneur unveiled plans to buy Facebook for $44 billion. Musk has previously stated&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-will-reverse-trumps-ban/">Elon Musk Will Reverse Trump’s Ban</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk will reverse Trump’s banned account on Twitter once his <a href="https://indothainews.com/elon-musk-tweets-that-japan-will-cease-to-exist/">deal to acquire the company is completed</a>.</p>



<p class="wp-block-paragraph">Musk&#8217;s <a href="https://edition.cnn.com/2022/05/10/tech/elon-musk-twitter-trump-ban/index.html">comments at th</a>e Financial Times Future of the Car conference are his first public acknowledgment of what has been widely predicted since the entrepreneur unveiled plans to buy Facebook for $44 billion.</p>



<p class="wp-block-paragraph">Musk has previously stated that Twitter should be &#8220;hesitant to delete things&#8221; and &#8220;very cautious with permanent bans.&#8221; He termed Twitter&#8217;s plan to ban Trump in January 2021 a &#8220;mistake&#8221; on Tuesday.</p>



<p class="wp-block-paragraph">&#8220;I believe it was incorrect to prohibit Donald Trump, and I believe it was a mistake,&#8221; Musk stated. &#8220;The perma-ban would be lifted. But, in my opinion, and, to be clear, Jack Dorsey shares this opinion, we should not have perma-bans.&#8221;</p>



<p class="wp-block-paragraph">Following Musk&#8217;s statements, Dorsey, Twitter&#8217;s co-founder, and former CEO said Tuesday that he &#8220;agrees&#8221; that permanent bans on Twitter users are unnecessary. &#8220;There are outliers,&#8221; he continued, &#8220;but permanent prohibitions are often a failure of ours and do not function.&#8221;</p>



<p class="wp-block-paragraph">Musk&#8217;s comments were met with silence on Twitter.</p>



<p class="wp-block-paragraph">Following the January 6 Capitol Riot, Trump was permanently barred from Twitter for breaking the platform&#8217;s anti-violence incitement guidelines, a move made by Dorsey, according to the business. Trump&#8217;s account was also banned or suspended on other social media platforms.</p>



<p class="wp-block-paragraph">&#8220;Banning Trump from Twitter didn&#8217;t end Trump&#8217;s voice, it will amplify it among the right and this is why it&#8217;s morally wrong and flat out stupid,&#8221; Musk said at the event on Tuesday.</p>



<p class="wp-block-paragraph">The Tesla and SpaceX CEO acknowledged that his acquisition of Twitter, and Trump&#8217;s return, are not yet a done deal. &#8220;I will say that I don&#8217;t own Twitter yet, so this is not a thing that will definitely happen, because what if I don&#8217;t own Twitter?&#8221; he said.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-will-reverse-trumps-ban/">Elon Musk Will Reverse Trump’s Ban</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Tweets that Japan Will “Cease to Exist”</title>
		<link>https://www.indothainews.com/elon-musk-tweets-that-japan-will-cease-to-exist/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Tue, 10 May 2022 08:13:47 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk tweets that Japan will “cease to exist” if nothing is done about the declining birth rate of the country. “At risk of stating the obvious, unless something changes to cause the birth rate to exceed the death rate, Japan will eventually cease to exist. This would be a great loss for the world.”&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-tweets-that-japan-will-cease-to-exist/">Elon Musk Tweets that Japan Will “Cease to Exist”</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk tweets that Japan will “cease to exist” if nothing is done about the declining birth rate of the country. “At risk of stating the obvious, unless something changes to cause the birth rate to exceed the death rate, Japan will eventually cease to exist. This would be a great loss for the world.”</p>



<p class="wp-block-paragraph">Elon Musk, the CEO of Tesla, is <a href="https://indothainews.com/if-i-die-under-mysterious-circumstances-its-been-nice-knowin-ya-tweeted-elon-musk/">very vocal on social media about his concerns and opinions</a> regarding current global events. He recently spoke out about <a href="https://www.republicworld.com/world-news/rest-of-the-world-news/elon-musks-tweet-japan-will-cease-to-exist-if-low-birth-rates-continue-triggers-outrage-articleshow.html">Japan&#8217;s dwindling birthrate, urging Tokyo to solve the issue before the country &#8220;dies.&#8221;</a> In response to a news report outlining Japan&#8217;s 11-year trend of dropping birth rates.</p>



<p class="wp-block-paragraph">The tweet against Japan, like several others by Musk, drew a lot of attention from the internet. Musk has recently been embroiled in debates over his Twitter acquisition and predictions about the next CEO, as well as his provocative remark about his &#8220;mystery death.&#8221; As a result, the internet giant&#8217;s move to casually discuss Japan&#8217;s population sparked a lot of discussion on social media.</p>



<p class="wp-block-paragraph">Musk&#8217;s comments come after the survey revealed that Japan&#8217;s national birth rate fell to a historic low of 6,44,000 in 2021, the lowest level since 1950. Japan had 8,31,000 births in 2021, but it was outnumbered by 1.44 million deaths. According to the Japan Ministry of Internal Affairs and Communications, the population of Japan was 12,55,02,000 on October 1, 2021. Due to pandemic-related border restrictions, the number of foreign nationals living in Japan has decreased by 25,000 to 27,22,000 people.</p>



<p class="wp-block-paragraph">The virginity rate was higher than in other industrialized countries, which was a concern given that &#8220;a big proportion of Japanese individuals could not find a spouse in society,&#8221; according to Peter Ueda, a public health expert at Tokyo University, as reported by CBS.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-tweets-that-japan-will-cease-to-exist/">Elon Musk Tweets that Japan Will “Cease to Exist”</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>&#8220;If I die under mysterious circumstances, it&#8217;s been nice knowin ya,&#8221; tweeted Elon Musk</title>
		<link>https://www.indothainews.com/if-i-die-under-mysterious-circumstances-its-been-nice-knowin-ya-tweeted-elon-musk/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Mon, 09 May 2022 06:40:30 +0000</pubDate>
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					<description><![CDATA[<p>&#8220;If I die under mysterious circumstances, it&#8217;s been nice knowin ya,&#8221; tweeted Elon Musk. Mr. Musk had previously published a message that appeared to be a correspondence in which he stated that he is &#8220;supplying the fascist forces in Ukraine with military communication equipment.&#8221; &#8220;And for this, Elon, no matter how much you play the&#8230;</p>
<p>The post <a href="https://www.indothainews.com/if-i-die-under-mysterious-circumstances-its-been-nice-knowin-ya-tweeted-elon-musk/">&#8220;If I die under mysterious circumstances, it&#8217;s been nice knowin ya,&#8221; tweeted Elon Musk</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">&#8220;If I die under mysterious circumstances, it&#8217;s been nice knowin ya,&#8221; tweeted Elon Musk. Mr. Musk had previously published a message that appeared to be a correspondence in which he stated that he is &#8220;supplying the <a href="https://www.ndtv.com/world-news/if-i-die-under-mysterious-circumstances-buzz-over-elon-musks-tweet-2957975">fascist forces in Ukraine with military communication </a>equipment.&#8221; &#8220;And for this, Elon, no matter how much you play the fool, you will be held accountable like an adult,&#8221; the post continues.</p>



<p class="wp-block-paragraph">According to the letter, the equipment was given to Ukraine by the Pentagon, the US Department of Defense&#8217;s headquarters.</p>



<p class="wp-block-paragraph">The two posts aroused debate about whether Tesla CEO Elon Musk is experiencing Russian threats for assisting Ukraine during the conflict.</p>



<p class="wp-block-paragraph">After a minister from the war-torn country reached out, Mr. Musk&#8217;s company SpaceX&#8217;s Starlink satellite broadband service was activated in Ukraine in February.</p>



<p class="wp-block-paragraph">The tweet about a strange death drew a wide range of comments, from jokes to caution to solidarity.</p>



<p class="wp-block-paragraph">Some users speculated that Mr. Musk was inebriated, while others concluded that it is the high taxes that are upsetting him, while still others stated that he must live in order to bring about &#8220;change.&#8221;</p>



<p class="wp-block-paragraph">Mr. Musk has been <a href="https://indothainews.com/elon-musk-purchases-twitter/">making headlines for the past few months, criticizing Twitter for the narrowing space for free speech, then opting out of joining its board at the last minute, and then revealing his company&#8217;s decision </a>to buy it for a staggering sum.</p>



<p class="wp-block-paragraph">Following the announcement, he hinted at some radical ideas for the microblogging service, such as charging commercial and government users.</p>
<p>The post <a href="https://www.indothainews.com/if-i-die-under-mysterious-circumstances-its-been-nice-knowin-ya-tweeted-elon-musk/">&#8220;If I die under mysterious circumstances, it&#8217;s been nice knowin ya,&#8221; tweeted Elon Musk</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Bill Gates Shorting Elon Musk’s Tesla Stocks</title>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Fri, 06 May 2022 04:16:08 +0000</pubDate>
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					<description><![CDATA[<p>Bill gates shorting Elon Musk’s Tesla Stocks as the billionaire speaks about the future of Twitter at the hands of the Space X CEO. A week after the announcement of the $44 billion acquisition of Twitter, Bill Gates says Musk “could make it worse”. At the Wall Street Journal’s CEO on Wednesday, he expressed his&#8230;</p>
<p>The post <a href="https://www.indothainews.com/bill-gates-shorting-elon-musks-tesla-stocks/">Bill Gates Shorting Elon Musk’s Tesla Stocks</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Bill gates shorting Elon Musk’s Tesla Stocks as the billionaire speaks about the future of Twitter at the hands of the Space X CEO. A week after the announcement of the <a href="https://indothainews.com/elon-musk-reveals-plans-for-twitter/">$44 billion acquisition of Twitter</a>, Bill Gates says Musk <a href="https://edition.cnn.com/2022/05/05/tech/gates-musk-roe-comments/index.html">“could make it worse”</a>.</p>



<p class="wp-block-paragraph">At the Wall Street Journal’s CEO on Wednesday, he expressed his skepticism on the ability of Musk to prevent misinformation. “ How does he feel about something that says vaccine kills people, or you know, that Bill Gates is tracking people? Is that one of the things he thinks should be spread?” Gates asked.</p>



<p class="wp-block-paragraph">“If all you need is money and hiring great engineers, he’s probably as good a person as any” to guide Twitter through its next chapter, Gates added. He doesn’t expect Musk to replicate Tesla and Space X’s “mind-blowing” performance.</p>



<p class="wp-block-paragraph">“I kinda doubt that’ll happen this time, but we should have an open mind and never underestimate Elon.”</p>



<p class="wp-block-paragraph">This is not the first time that the billionaires faced off in such banter. Just a few days ago that Elon tweeted that Bill Gates was shorting Tesla’s stock.</p>



<p class="wp-block-paragraph">Bill Gates said that Elon’s tweets does not bother him and did not comment about Tesla stocks.</p>



<p class="wp-block-paragraph">“It&#8217;s possible that the stock went down and whoever shorted the stock made money. I don’t know,” Gates. “Did it go down in the last month? I don’t know.  I don’t think whether one is short or long Tesla is a statement about your seriousness about climate change. I am putting billions of dollars into climate change innovation; I applaud Tesla’s role in helping with climate change.”</p>



<p class="wp-block-paragraph">While Musk is planning to make changes to Twitter, Gates hopes that policymakers will develop their changes to the “legal framework, which he’ll have to follow”.</p>
<p>The post <a href="https://www.indothainews.com/bill-gates-shorting-elon-musks-tesla-stocks/">Bill Gates Shorting Elon Musk’s Tesla Stocks</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Reveals Plans for Twitter</title>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Sat, 30 Apr 2022 03:44:31 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk reveals plans for Twitter that includes pay cuts and monetization of Tweets to banks that backed up his purchase. According to three people familiar with the situation, Elon Musk promised banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could cut executive and board pay at the&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-reveals-plans-for-twitter/">Elon Musk Reveals Plans for Twitter</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk reveals plans for Twitter that includes pay cuts and monetization of Tweets to banks that backed up his purchase. According to three people familiar with the situation, Elon Musk promised banks that agreed to help fund <a href="https://indothainews.com/elon-musk-plans-to-authenticate-all-real-humans-on-twitter/">his $44 billion acquisition of Twitter Inc</a> that he could cut executive and board pay at the social media business in an effort to minimize expenses, and that he would discover new ways to monetize tweets.</p>



<p class="wp-block-paragraph">According to the individuals, <a href="https://economictimes.indiatimes.com/tech/technology/elon-musk-told-banks-he-will-rein-in-twitter-pay-make-money-from-tweets/articleshow/91168656.cms">Musk made the pitch to lenders as he tried to arrange funding for the buyout days after submitting his bid to Twitter on April 14</a>. His bank pledges, which he submitted on April 21, were crucial in Twitter&#8217;s board accepting his &#8220;best and last&#8221; bid.</p>



<p class="wp-block-paragraph">Musk had to persuade the banks that Twitter&#8217;s cash flow was sufficient to service the loan he was seeking. In the end, he was able to acquire $13 billion in loans secured against Twitter, as well as a $12.5 billion margin loan secured against his Tesla equity. He promised to pay the balance of the payment with his own money.</p>



<p class="wp-block-paragraph">According to the sources, Musk&#8217;s pitch to the banks consisted of his vision rather than firm commitments, and the exact cost reduction he will seek once he controls Twitter is unknown. According to the sources, the proposal he detailed to banks was lacking in depth.</p>



<p class="wp-block-paragraph">Musk has tweeted about cutting the wages of Twitter&#8217;s board directors, which he claims will save the company $3 million. According to corporate documents, Twitter&#8217;s stock-based compensation for the 12 months ended December 31, 2021, was $630 million, up 33% from 2020.</p>



<p class="wp-block-paragraph">Musk told the banks that he plans to build features to boost business revenue, including new ways to monetize tweets that contain significant information or go viral.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-reveals-plans-for-twitter/">Elon Musk Reveals Plans for Twitter</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk sells Tesla Stocks</title>
		<link>https://www.indothainews.com/elon-musk-sells-tesla-stocks/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Fri, 29 Apr 2022 05:54:39 +0000</pubDate>
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		<guid isPermaLink="false">https://indothainews.com/?p=18096</guid>

					<description><![CDATA[<p>Elon Musk sells Tesla stocks worth $4.8 billion on Tuesday after the Twitter board agreed to the $44 billion deal. According to filings with the Securities and Exchange Commission, Musk sold 5.3 million shares of Tesla stock for an average price of $905.30. The sales account for barely 3.1 percent of the Tesla shares he&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-sells-tesla-stocks/">Elon Musk sells Tesla Stocks</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk sells Tesla stocks worth $4.8 billion on Tuesday after the Twitter board agreed to the $44 billion deal.</p>



<p class="wp-block-paragraph">According to filings with the Securities and Exchange Commission, Musk sold 5.3 million shares of <a href="https://edition.cnn.com/2022/04/28/investing/elon-musk-tesla-stock-sale/index.html">Tesla stock for an average price of $905.30</a>. The sales account for barely 3.1 percent of the Tesla shares he owned outright at the start of Tuesday&#8217;s trading session, and less than 2% of his overall Tesla holdings when stock options he owns are factored in.</p>



<p class="wp-block-paragraph">Elon tweeted &#8220;no further TSLA sales planned after today&#8221; after the sale.</p>



<p class="wp-block-paragraph">The purpose of the transaction is not disclosed in the documents, but it appears to be to generate funds for his planned acquisition of Twitter and takeover of the firm.</p>



<p class="wp-block-paragraph">Musk&#8217;s Tesla stock sales were significant enough to exert negative pressure on the stock. Before Tuesday, the number of shares sold constituted 20% of the typical trading value in Tesla shares this year. T<a href="https://indothainews.com/tesla-shareholders-sued-elon-musk/">esla shares also lost 12.2 percent of their value during Tuesday&#8217;s trading, the largest one-day decline in Tesla stock since September 2020.</a> Other investors went on a selling spree in response to the stock&#8217;s collapse, with 45 million shares changing hands, nearly double the number trading the day before.</p>



<p class="wp-block-paragraph">Musk is anticipated to utilize his vast Tesla assets, which have made him the world&#8217;s richest person, to fund his purchase of Twitter, but that doesn&#8217;t imply he&#8217;ll have to sell all of them to cover the entire purchase price. Instead, he can borrow money by using the shares as collateral.</p>



<p class="wp-block-paragraph">Only time will be able to reveal his future plans and the details of the massive purchase. The world’s richest man seems to be on track to pay the purchase.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-sells-tesla-stocks/">Elon Musk sells Tesla Stocks</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Plans To Authenticate All Real Humans on Twitter</title>
		<link>https://www.indothainews.com/elon-musk-plans-to-authenticate-all-real-humans-on-twitter/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Fri, 29 Apr 2022 05:52:04 +0000</pubDate>
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		<guid isPermaLink="false">https://indothainews.com/?p=18094</guid>

					<description><![CDATA[<p>Elon Musk plans to authenticate all real humans on Twitter just days after the sale of the social media platform has been finalized. His tweet concerning “authenticate all real humans” could mean a number of things. Among them is to require verification for all users in a form of an ID or integrations of third-party&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-plans-to-authenticate-all-real-humans-on-twitter/">Elon Musk Plans To Authenticate All Real Humans on Twitter</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk plans to authenticate all real humans on Twitter just days after the <a href="https://indothainews.com/elon-musk-purchases-twitter/">sale of the social media platform has been finalized</a>. His tweet concerning <a href="https://edition.cnn.com/2022/04/28/tech/elon-musk-authenticate-all-real-humans/index.html">“authenticate all real humans”</a> could mean a number of things.</p>



<p class="wp-block-paragraph">Among them is to require verification for all users in a form of an ID or integrations of third-party security software. This comment allegedly stems from Elon’s hate for spam accounts or bots that use the platform for scams. Cryptocurrency bot spam is notably the &#8220;single most annoying problem” of the platform according to Elon.</p>



<p class="wp-block-paragraph">The term &#8220;access&#8221; refers to guaranteeing that anyone who wants to use Twitter can do so. York claims that a system that attaches accounts to credit cards, for example, risks excluding everyone who doesn&#8217;t have one. Perhaps they are too young to have a credit card, or they have bad credit and are unable to obtain one. They may object to their credit card transactions being sold to data brokers, or they may simply prefer to use cash for cultural reasons.</p>



<p class="wp-block-paragraph">Then there&#8217;s the matter of confidentiality. While many users believe they have nothing to hide, forcing them to give personally identifying information creates a single point of failure. Not only would more users have to trust Twitter not to misuse their personal information, but Twitter itself would become a much more attractive target for authoritarian governments (who may use legal demands to compel Twitter to hand over the data) or hackers seeking to steal identities. Cybercriminals have apparently pretended to be real law enforcement personnel in order to fulfill bogus government requests for data from internet companies. Twitter may guarantee to destroy the records, but that would only minimize the danger it had created.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-plans-to-authenticate-all-real-humans-on-twitter/">Elon Musk Plans To Authenticate All Real Humans on Twitter</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Purchases Twitter</title>
		<link>https://www.indothainews.com/elon-musk-purchases-twitter/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Tue, 26 Apr 2022 05:01:01 +0000</pubDate>
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		<guid isPermaLink="false">https://indothainews.com/?p=18062</guid>

					<description><![CDATA[<p>Elon Musk purchases Twitter through a $44 billion deal announced by the social media platform on Monday. This puts him in charge of one of the world’s largest social media platforms. This would mean that the company will be a private entity at the end of a month-long saga. The world was taken back when&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-purchases-twitter/">Elon Musk Purchases Twitter</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk purchases Twitter through a $44 billion deal announced by the social media platform on Monday. This puts him in charge of one of the world’s largest social media platforms.</p>



<p class="wp-block-paragraph">This would mean that the company will be a private entity at the end of a month-long saga. The world was taken back when the w<a href="https://indothainews.com/elon-musk-buys-twitter-for-the-future-of-civilization/">orld’s richest man became the largest shareholder and eventually turned down a seat on the board</a> and finally purchased the platform.</p>



<p class="wp-block-paragraph">Part of the terms of the deal was shareholders will receive $54.90 &nbsp;per share in cash. This was Musk’s original offer giving them a 38% premium from its closing value.</p>



<p class="wp-block-paragraph">“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said. “Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”</p>



<p class="wp-block-paragraph">The deal was accepted by the Twitter board unanimously and is expected to close this year. It comes after Musk claimed that he has about $46.5 billion in financing that enables the purchase. <a href="https://edition.cnn.com/2022/04/25/tech/elon-musk-twitter-sale-agreement/index.html">This was one of the main factors prompting the board to accept the offer.</a></p>



<p class="wp-block-paragraph">“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” Twitter independent board chair Bret Taylor said. He called the proposal “the best path forward for Twitter’s stakeholders.”</p>



<p class="wp-block-paragraph"> Twitter CEO Parag Agarwal said he will hold an all-hands meeting to answer questions about the deal. “I know this is a significant change and you’re likely processing what this means for you and Twitter’s future,” he said.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-purchases-twitter/">Elon Musk Purchases Twitter</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk’s Massive Payout</title>
		<link>https://www.indothainews.com/elon-musks-massive-payout/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Mon, 25 Apr 2022 03:51:49 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk’s massive payout is being decided by the Tesla Board of Directors as he is looking to pocket a huge bonus. Elon does not receive a cash payout or any type of bonus but he is paid in stock options instead. Elon Musk, the company&#8217;s CEO, does not earn a monetary salary or incentive.&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musks-massive-payout/">Elon Musk’s Massive Payout</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk’s massive payout is being decided by the <a href="https://indothainews.com/tesla-shareholders-sued-elon-musk/">Tesla Board of Directors</a> as he is looking to pocket a huge bonus. Elon does not receive a cash payout or any type of bonus but he is paid in stock options instead.</p>



<p class="wp-block-paragraph">Elon Musk, the company&#8217;s CEO, does not earn a monetary salary or incentive. He&#8217;s solely paid in stock options. <a href="https://edition.cnn.com/2022/04/24/investing/elon-musk-pay/index.html">According to Courtney Yu, director of research at executive compensation firm Equilar, </a>he has nearly exhausted the options available from the compensation package he received from Tesla in 2018, a package that turned out to be the most valuable package of stock options awarded by any corporation.</p>



<p class="wp-block-paragraph">After factoring in the exercise price, the 93.9 million options Musk has gotten so far from the deal were valued at $86.8 billion as of Friday&#8217;s close.</p>



<p class="wp-block-paragraph">Due to Tesla&#8217;s record earnings on Wednesday, Musk received 25.3 million of those options just this week. Based on analyst sales predictions, he&#8217;ll likely earn another 8.4 million options soon, most likely after the business reports its second or third-quarter results.</p>



<p class="wp-block-paragraph">However, those 8.4 million options, worth billions, represent a modest percentage of what Musk could collect in the end. He will have received all 101 million split-adjusted options included in that 2018 salary package once he receives those additional options. The question should be whether he will be given even more options, possibly tens of millions.</p>



<p class="wp-block-paragraph">Musk dodged a question about such a payday during an investor call Wednesday, saying simply, &#8220;There are no discussions currently underway for incremental compensation for me.&#8221;</p>



<p class="wp-block-paragraph">Other CEOs prefer to get a payday instead of stick options including Jeff Bezos, the founder of Amazon, and Mark Zuckerberg, the founder of Facebook. Bezos gets about $81,000 a year and Zuckerberg gets $1. Their profit comes to from their shares.</p>
<p>The post <a href="https://www.indothainews.com/elon-musks-massive-payout/">Elon Musk’s Massive Payout</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Australian Scientists Aims to Power Tesla Cars with Solar Panels</title>
		<link>https://www.indothainews.com/australian-scientists-aims-to-power-tesla-cars-with-solar-panels/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Fri, 22 Apr 2022 08:18:46 +0000</pubDate>
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					<description><![CDATA[<p>Australian scientists aims to power Tesla cars with solar panels that could run on a 15,100-kilometer (9,400-mile) journey. They are hoping to make it public by September to aid in the conservation of the environment. The project is called Charge Around Australia which aims to install 18 printed solar panels that could recharge the vehicle.&#8230;</p>
<p>The post <a href="https://www.indothainews.com/australian-scientists-aims-to-power-tesla-cars-with-solar-panels/">Australian Scientists Aims to Power Tesla Cars with Solar Panels</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Australian scientists aims to power Tesla cars with solar panels that could run on a 15,100-kilometer (9,400-mile) journey. They are hoping to make it <a style="user-select: auto;" href="https://edition.cnn.com/2022/04/21/tech/tesla-solar-energy-climate-intl/index.html">public by September</a> to aid in the conservation of the environment.</p>



<p class="wp-block-paragraph">The project is called Charge Around Australia which aims to install 18 printed solar panels that could recharge the vehicle. Paul Dastoor, the inventor of the printed solar panels, said the University of Newcastle team would be testing not only the endurance of the panels but their potential performance for other applications.</p>



<p class="wp-block-paragraph">&#8220;This is actually an ideal testbed to give us information about how we would go about using and powering technology in other remote locations, for example, in space,&#8221; Dastoor told Reuters in the town of Gosforth, north of Sydney.</p>



<p class="wp-block-paragraph">&#8220;(The) community is seeking these sorts of answers to the problems it&#8217;s being presented with, day in, day out, around climate change,&#8221; he said.</p>



<p class="wp-block-paragraph">He was also asked if <a href="https://indothainews.com/elon-musks-take-over-of-twitter-worries-analysts/">Tesla Founder Elon Musk</a> has said anything. CAA was &#8220;showing how our innovative technology is now combining with his developments to develop new solutions for the planet,&#8221; Dastoor said.</p>



<p class="wp-block-paragraph">The printed solar panel consists of laminated PET plastic that can be made at a cost of less than $10 a square meter. These are printed using a commercial-grade printer used to print wine labels.</p>



<p class="wp-block-paragraph">This would make the charging convenient for people as there are not a lot of charging stations available for the car. Many would like to join the fight to conserve the plant’s resources and avoid further damaging it, however, they are concerned that there are not enough charging points available to make traveling convenient. Unlike gas stations where it&#8217;s constantly available, the charging station is located in select places only.</p>
<p>The post <a href="https://www.indothainews.com/australian-scientists-aims-to-power-tesla-cars-with-solar-panels/">Australian Scientists Aims to Power Tesla Cars with Solar Panels</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk’s Take Over of Twitter Worries Analysts</title>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Thu, 21 Apr 2022 09:28:16 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk’s take over of Twitter worries analysts as he offers to buy the company for “the future of civilization”. Last week, Elon talked about his decision to buy the social media platform during an interview with TED Talk. He said that he was motivated by freedom of speech, changing the current algorithm to allow&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musks-take-over-of-twitter-worries-analysts/">Elon Musk’s Take Over of Twitter Worries Analysts</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk’s take over of Twitter worries analysts as he offers to buy the company for “the future of civilization”. Last week, Elon talked about his decision to buy the social media platform during an interview with TED Talk. He said that he was motivated by freedom of speech, changing the current algorithm to allow everyone to speak their mind.</p>



<p class="wp-block-paragraph">Currently, Elon Musk is already the largest shareholder of Twitter at 9%. Last week, other shareholders <a href="https://indothainews.com/twitter-board-uses-the-poison-pill-method-to-prevent-elon-musks-take-over/">implemented a “poison pill”</a> to stop Elon from acquiring 15% of the shares. <a href="https://www.bangkokpost.com/business/2298118/twitter-analysts-wary-of-musk-takeover-bid">Analyst Rob Enderle of Enderle Group</a> says &#8220;poor impulse control and too much money are not a good combination.&#8221;</p>



<p class="wp-block-paragraph">&#8220;Musk says he is going to turn Twitter into a social media platform with no moderation; there have been several of those and they don&#8217;t work,&#8221; he added.</p>



<p class="wp-block-paragraph">&#8220;The trolls take over, they get too hostile and drive people away from the platform.&#8221;</p>



<p class="wp-block-paragraph">&#8220;Musk is not exactly a free speech advocate,&#8221; Enderle said. &#8220;I think he just doesn&#8217;t like to be told &#8216;no&#8217;.&#8221;</p>



<p class="wp-block-paragraph">Creative Strategies analyst Carolina Milanesi says &#8220;I don&#8217;t think anybody would argue that everything Elon Musk does he does for himself.&#8221;</p>



<p class="wp-block-paragraph">&#8220;You hear at Tesla of racism, lack of unions, and the way workers are treated and it doesn&#8217;t seem to me that his priorities are in the right place.&#8221;</p>



<p class="wp-block-paragraph">&#8220;Twitter might be thinking about what regulators are going to do if Musk takes over,&#8221; Milanesi said.</p>



<p class="wp-block-paragraph">&#8220;Twitter has already had enough scrutiny, and they will have more if Musk buys it.&#8221;</p>



<p class="wp-block-paragraph">Not all have negative thoughts on his takeover. Some have different opinions on the matter.</p>



<p class="wp-block-paragraph">&#8220;You cannot deny what Musk&#8217;s accomplished,&#8221; said RiskSmith investing chief executive Richard Smith.</p>



<p class="wp-block-paragraph">&#8220;I think he could probably transform Twitter.&#8221;</p>
<p>The post <a href="https://www.indothainews.com/elon-musks-take-over-of-twitter-worries-analysts/">Elon Musk’s Take Over of Twitter Worries Analysts</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Tesla Shareholders Sued Elon Musk</title>
		<link>https://www.indothainews.com/tesla-shareholders-sued-elon-musk/</link>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Wed, 20 Apr 2022 07:52:16 +0000</pubDate>
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					<description><![CDATA[<p>Tesla shareholders sued Elon Musk over his controversial tweet that he has “secured” funding to take back Tesla in 2018. A group of investors says that he does not have it and SEC and federal judge agree. Musk made claims that shareholders thought were false at that time he wanted to take back his company.&#8230;</p>
<p>The post <a href="https://www.indothainews.com/tesla-shareholders-sued-elon-musk/">Tesla Shareholders Sued Elon Musk</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Tesla shareholders sued Elon Musk over his controversial tweet that he has “secured” funding to take back Tesla in 2018. A group of investors says that he does not have it and SEC and federal judge agree.</p>



<p class="wp-block-paragraph">Musk made claims that <a href="https://edition.cnn.com/2022/04/19/business/elon-musk-judge-tweets/index.html">shareholders thought were false</a> at that time he wanted to take back his company. They believe he is doing it again as he is trying to take over Twitter.</p>



<p class="wp-block-paragraph">The shareholders also said a federal judge found that Musk&#8217;s 2018 tweets in which he claimed to have the funding to take Tesla, private, were false and misleading. Musk eventually settled with the US Securities and Exchange Commission over the tweets, stepping down as Tesla chairman and agreeing to oversight of his social media use.</p>



<p class="wp-block-paragraph">&#8220;I was forced [to lie] to save Tesla&#8217;s life and that&#8217;s the only reason,&#8221; Musk said at the TED conference in Vancouver Thursday. He went on to compare the experience to having someone point a gun at his child&#8217;s head.</p>



<p class="wp-block-paragraph">Investors sued the billionaire, alleging Musk&#8217;s tweets &#8220;caused significant confusion and disruption in the market for Tesla&#8217;s stock and resulting harm to investors.&#8221;</p>



<p class="wp-block-paragraph">Tesla investors are content that Elon Musk knowingly made the false claims. US District Judge Edward M. Chen said &#8220;no reasonable jury could find Musk&#8217;s tweets on August 7, 2018 accurate or not misleading.&#8221;</p>



<p class="wp-block-paragraph">&#8220;Despite the findings by this Court, the SEC, and his own written consent, Musk has engaged in a high-profile public campaign to present a contradictory and false narrative,&#8221; according to the filing.</p>



<p class="wp-block-paragraph">The motion for the restraining order comes after <a href="https://indothainews.com/elon-musk-buys-twitter-for-the-future-of-civilization/">Musk said publicly at a TED Conference</a> that he did not lie in his 2018 tweet.</p>
<p>The post <a href="https://www.indothainews.com/tesla-shareholders-sued-elon-musk/">Tesla Shareholders Sued Elon Musk</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Twitter Board Uses the “Poison Pill” Method to Prevent Elon Musk’s Take Over</title>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Sat, 16 Apr 2022 04:45:08 +0000</pubDate>
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					<description><![CDATA[<p>The Twitter board uses the “Poison Pill” method &#8211; a limited-term shareholder rights plan to prevent Elon Musk’s take over. Twitter announced on Friday, that members of their board may acquire more shares at a cheaper price. This will allow others to either have more or equal to the shares Elon Musk currently owns. To&#8230;</p>
<p>The post <a href="https://www.indothainews.com/twitter-board-uses-the-poison-pill-method-to-prevent-elon-musks-take-over/">Twitter Board Uses the “Poison Pill” Method to Prevent Elon Musk’s Take Over</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
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<p class="wp-block-paragraph">The Twitter board uses the “Poison Pill” method &#8211; a <a href="https://edition.cnn.com/2022/04/15/tech/twitter-elon-musk-poison-pill/index.html">limited-term shareholder rights plan</a> to prevent Elon Musk’s take over. Twitter announced on Friday, that members of their board may acquire more shares at a cheaper price. This will allow others to either have more or equal to the shares Elon Musk currently owns. To have sole control, you must own about 15% of their stocks, Elon currently owns 9%.</p>



<p class="wp-block-paragraph">This method is an anti-take-over mechanism for corporations to retain control of the company. It would mean that Elon will have to pay more to acquire more shares or to take over.</p>



<p class="wp-block-paragraph">&#8220;The Rights Plan will reduce the likelihood that any entity, person, or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,&#8221; the company said in its statement.</p>



<p class="wp-block-paragraph">The last offer Elon has made was to buy the remaining shares at $54.20 per share bringing the valuation to $41.4 billion. This is 18% higher than the actual valuation when markets closed Wednesday. Currently, Vanguard Group became the highest shareholder of the company.</p>



<p class="wp-block-paragraph">In his <a href="https://indothainews.com/elon-musk-buys-twitter-for-the-future-of-civilization/">TED talk interview, Elon Musk presented his reasons</a> why he would like to acquire the platform. He wanted it to be a place where people could speak out without algorithms blocking their tweets. He did say that he is doing it because he believes “it is the future” of society. There are changes he would like to implement to improve the platform he tweeted was “dying”.</p>



<p class="wp-block-paragraph">This begins a series of events as people watch the takeover of Twitter.</p>
<p>The post <a href="https://www.indothainews.com/twitter-board-uses-the-poison-pill-method-to-prevent-elon-musks-take-over/">Twitter Board Uses the “Poison Pill” Method to Prevent Elon Musk’s Take Over</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk Buys Twitter for the “Future of Civilization”</title>
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		<dc:creator><![CDATA[Indo Thai News]]></dc:creator>
		<pubDate>Fri, 15 Apr 2022 04:28:09 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk buys Twitter for the “future of civilization”, explaining his decision to buy the platform during a TED conference. Wednesday night, he sent an offer to buy out Twitter and turn it into a private company. &#8220;I invested in Twitter as I believe in its potential to be the platform for free speech around&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-buys-twitter-for-the-future-of-civilization/">Elon Musk Buys Twitter for the “Future of Civilization”</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Elon Musk buys Twitter for the “future of civilization”, explaining his decision to buy the platform during a TED conference. Wednesday night, he sent an offer to buy out Twitter and turn it into a private company.</p>



<p class="wp-block-paragraph">&#8220;I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,&#8221; he said in the letter to Twitter. &#8220;However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.&#8221;</p>



<p class="wp-block-paragraph">He further explained <a href="https://edition.cnn.com/2022/04/14/tech/musk-twitter-offer-explanation/index.html">his intentions during his TED talk</a>.</p>



<p class="wp-block-paragraph">&#8220;This is not a way to make money,&#8221; Musk told TED chief Chris Anderson. &#8220;My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.&#8221;</p>



<p class="wp-block-paragraph">The Tesla and SpaceX CEO railed about Twitter&#8217;s lack of free expression, saying the business should open-source its algorithm to promote transparency in its content moderation choices.</p>



<p class="wp-block-paragraph">&#8220;The code should be on Github so people can look through it and say, &#8216;I see a problem here,&#8217; &#8216;I don&#8217;t agree with this,&#8217; they can highlight issues, suggest changes,&#8221; said Musk.</p>



<p class="wp-block-paragraph">&#8220;Is someone you don&#8217;t like allowed to say something you don&#8217;t like? And if that is the case, then we have free speech.&#8221;</p>



<p class="wp-block-paragraph">&#8220;I think we want to be very reluctant to delete things and just be very cautious with permanent bans; timeouts are better.&#8221;</p>



<p class="wp-block-paragraph">&#8220;I think everyone will still blame me for everything,&#8221; he said. &#8220;If <a href="https://indothainews.com/elon-musk-will-not-join-the-twitter-board/">I acquire Twitter</a> and something goes wrong, it&#8217;s my fault, 100%. I think there will be quite a few errors.&#8221;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-buys-twitter-for-the-future-of-civilization/">Elon Musk Buys Twitter for the “Future of Civilization”</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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		<title>Elon Musk will not join the Twitter board</title>
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		<pubDate>Mon, 11 Apr 2022 13:30:55 +0000</pubDate>
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					<description><![CDATA[<p>Elon Musk will not join the Twitter board. Mr. Musk&#8217;s appointment was set to take effect on Saturday, following the announcement last week that he had purchased a 9.2 percent stake in the social media platform. Mr. Agrawal, on the other hand, tweeted: &#8220;Elon shared that same morning that he will no longer be joining&#8230;</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-will-not-join-the-twitter-board/">Elon Musk will not join the Twitter board</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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<h2 class="wp-block-heading">Elon Musk will not join the Twitter board.</h2>



<p class="wp-block-paragraph">Mr. Musk&#8217;s appointment was set to take effect on Saturday, following the announcement last week that he had purchased a 9.2 percent stake in the social media platform. Mr. Agrawal, on the other hand, tweeted: &#8220;Elon shared that same morning that he will no longer be joining the board.&#8221; The Tesla CEO remains Twitter&#8217;s largest shareholder, and the company will continue to welcome his input, he added. Mr. Musk cryptically tweeted a single emoji just over an hour after Mr. Agrawal&#8217;s announcement. The tweet was later removed.</p>



<h2 class="wp-block-heading">Taking Over</h2>



<p class="wp-block-paragraph">Mr. Musk proposed changes to Twitter Blue&#8217;s premium subscription service over the weekend, including lowering the price, banning advertising, and allowing users to pay in the cryptocurrency dogecoin. Mr. Musk also asked his more than 81 million followers if Twitter is &#8220;dying&#8221; and if the company&#8217;s headquarters should be converted into a homeless shelter. He also set up a poll asking whether the letter &#8220;w&#8221; should be removed from Twitter, with only &#8220;yes&#8221; and &#8220;of course&#8221; as options.</p>



<p class="wp-block-paragraph">Mr. Agrawal stated that Twitter offered Mr. Musk a seat on its board because it believed it was the &#8220;best path forward,&#8221; with board members required to &#8220;act in the best interests of the company and all our shareholders.&#8221; In response to Mr. Musk&#8217;s decision, Mr. Agrawal stated, &#8220;I believe this is for the best.&#8221; &#8220;We have valued and will continue to value shareholder input, whether they are on our board or not,&#8221; he added.&#8221; Elon is our largest shareholder, and we will continue to welcome his input.&#8221; Mr. Musk proposed changes to Twitter Blue&#8217;s premium subscription service over the weekend, including lowering the price, banning advertising, and allowing users to pay in the cryptocurrency dogecoin.</p>



<p class="wp-block-paragraph">Largest Shareholder</p>



<p class="wp-block-paragraph">Mr. Musk is the company&#8217;s largest shareholder, with a stake that is more than four times that of Twitter co-founder Jack Dorsey, who owns 2.25 percent. Following the disclosure of Mr. Musk&#8217;s stake in Twitter, the company&#8217;s stock rose by more than 27% last Monday. Many Twitter employees, however, were outraged when it was announced that Tesla&#8217;s CEO had become the company&#8217;s largest shareholder and had been invited to join the board of directors. Insiders at the company were concerned about the impact he would have on the social media company&#8217;s ability to moderate content in the future.</p>
<p>The post <a href="https://www.indothainews.com/elon-musk-will-not-join-the-twitter-board/">Elon Musk will not join the Twitter board</a> appeared first on <a href="https://www.indothainews.com">Indo Thai News Channel - Travel l Culture l News &amp; Event l Food</a>.</p>
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