Dorsey, Jack
How Twitter’s Board Went From Fighting Elon Musk to Accepting Him
Twitter’s board had reached the end of the road. It was April 24. Ten days earlier, Elon Musk, the world’s richest man, had made an unsolicited bid to buy Twitter for $54.20 a share. Alarmed by the out-of-the-blue proposal and uncertain if the offer was for real, the social media company had adopted a “poison […]
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Twitter Nears a Deal to Sell Itself to Elon Musk
Update, 3:05 p.m. Eastern time, April 25: Elon Musk struck a deal to buy Twitter for roughly $44 billion. Follow the latest updates → Twitter is nearing a deal to sell itself to Elon Musk, two people with knowledge of the situation said, a move that would unite the world’s richest man with the influential […]
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Twitter Counters Elon Musk’s Takeover Bid With a Poison Pill
Poison pills have been around for decades. The lawyer Martin Lipton, a founding partner of Wachtell, Lipton, Rosen & Katz, invented the maneuver, also called a shareholder rights plan, in 1982. It was a way to shore up a company’s defenses against unwanted takeovers by so-called corporate raiders like Carl Icahn and T. Boone Pickens. […]
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Elon Musk, After Toying With Twitter, Now Wants It All
Should Twitter put such a measure in place, Mr. Musk could take his bid directly to shareholders with a so-called tender offer. If they like Mr. Musk’s offer, they could sell their stock to the billionaire, allowing him to gain control of the company. The board is also considering soliciting offers from other companies that […]
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Elon Musk Joins Twitter Board
Elon Musk, the world’s richest man, reached out to Parag Agrawal, Twitter’s chief executive, a few weeks ago with a friendly heads-up. He was buying shares of the social media company, Mr. Musk confided, and wanted to discuss how to make Twitter better. Mr. Musk had ideas for reshaping social networks that dovetailed with those […]
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Twitter Wants to Reinvent Itself, by Merging the Old With the New
But while Twitter has given developers like Ms. Chou the data they need to build custom experiences, the company has also yanked it away. It has locked down the kinds of data that developers use several times, most recently in 2018, when it limited access to its application programming interface, or A.P.I., effectively breaking a […]
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The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups
OAKLAND, Calif. — When Sandy Carter left her job as a vice president of Amazon’s cloud computing unit this month, she announced in a LinkedIn post that she was joining a crypto technology company. She included a link for open positions at the start-up. Within two days, she said, more than 350 people — many […]
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Michael Montano and Dantley Davis to Leave Twitter in Shake-Up
Twitter’s new chief executive, Parag Agrawal, said on Friday that he would reorganize top leadership at the company and that two key executives would depart. The shake-up was the first sign of change under Mr. Agrawal, who took the reins of the social media company on Monday after its co-founder and chief executive, Jack Dorsey, […]
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Jack Dorsey’s Twitter Departure Hints at Big Tech’s Restlessness
“I don’t think there’s anything more important in my lifetime to work on, and I don’t think there’s anything more enabling for people around the world,” he told the audience at a Bitcoin conference in Miami in June. Mr. Dorsey, whose oracular beard and quirky wellness routines have made him something of a cult figure […]
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