Latest Jack Dorsey News

Musk abandons deal to buy Twitter; company says it will sue

Jul. 08, 2022 22:46 PM EDT

Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely...

A timeline of billionaire Elon Musk's bid to control Twitter

Jun. 06, 2022 11:28 AM EDT

Elon Musk threatened Monday to call off his $44 billion acquisition of Twitter, accusing the company of refusing to give him information about spam bot accounts. Here’s a look at some of what’s transpired between the billionaire Tesla CEO and the social media platform. ...

Elon Musk revises Twitter financing plan; shares jump

May. 25, 2022 21:04 PM EDT

SAN FRANCISCO (AP) — Tesla CEO Elon Musk on Wednesday revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal roiled by market turbulence and Musk’s not-entirely-explicable concerns...

Judge dismisses lawsuit against Musk, Tesla and Twitter fan

May. 20, 2022 16:52 PM EDT

SAN FRANCISCO (AP) — A federal judge in California has dismissed a securities fraud and defamation lawsuit filed by a Tesla investor against CEO Elon Musk, one of Musk's supporters and Tesla. In an order filed Thursday, Judge James Donato threw out the lawsuit by the investor,...

As Musk buyout looms, Twitter searches for its soul

May. 14, 2022 15:25 PM EDT

SAN FRANCISCO (AP) — A toxic cesspool. A lifeline. A finger on the world's pulse. Twitter is all these things and more to its over 229 million users around the world — politicians, journalists, activists, celebrities, weirdos and normies, cat and dog lovers and just about anyone else with an...

As Musk buyout looms, Twitter searches for its soul

May. 14, 2022 15:24 PM EDT

SAN FRANCISCO (AP) — A toxic cesspool. A lifeline. A finger on the world's pulse. Twitter is all these things and more to its over 229 million users around the world — politicians, journalists, activists, celebrities, weirdos and normies, cat and dog lovers and just about anyone else with an...