Elon Musk

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This Man Pushed Bezos Down One Spot in Richest Rankings

Bloomberg ranks Gautam Adani as world's 2nd richest

(Newser) - Update: And then he was second. NPR reports that Gautam Adani of India has grabbed the No. 2 slot on the world's richest list from Jeff Bezos. It cites Bloomberg's Billionaires Index, which this week listed both Adani and Bezos as having a net worth of $147 billion;...

Twitter Whistleblower Says There Was Spy on Payroll

As shareholders approve Musk's April offer

(Newser) - Twitter whistleblower Peter Zatko, the company's former security chief, told lawmakers Tuesday that the platform is extremely vulnerable to being exploited by foreign agents—and said he was told while working at Twitter that there was at least one Chinese spy on the company payroll. Zatko, a famous hacker...

$258B Cryptocurrency Lawsuit Against Musk Expands

Investors accuse of him of inflating Dogecoin's value before letting it crash

(Newser) - A lawsuit accusing Elon Musk and his companies of artificially driving up the price of the Dogecoin cryptocurrency before letting it crash in 2021 has expanded, adding new defendants and new investor plaintiffs, according to a court filing. Reuters reports that the $258 billion lawsuit now includes Musk's Boring...

Twitter: Worry (Supposedly) on Musk&#39;s Mind: &#39;World War III&#39;
Musk Can Use
Whistleblower's
Twitter Claims
UPDATED
Sep 7, 2022 1:08 PM CDT

Musk Can Use Whistleblower's Twitter Claims

But he doesn't get the delay he asked for

(Newser) - Update: It's one point to Twitter and one to Elon Musk, with Chancellor Kathaleen McCormick on Wednesday ruling that Musk cannot delay the trial's start by four weeks as he requested. "I am convinced that even four weeks’ delay would risk further harm to Twitter too great...

Gaiman Mocks Musk After He Knocks Rings of Power

Tesla CEO not a fan, Gaiman doesn't care

(Newser) - Lord of the Rings prequel The Rings of Power is doing well for Amazon, having been viewed by more than 25 million on its debut day on Prime Video last week —a record high for an Amazon original. But don't count Elon Musk among the show's fans....

Whistleblower: Twitter Has 'Egregious' Security Gaps

Peiter 'Mudge' Zatko, former security chief for the social media platform, has filed a complaint

(Newser) - Elon Musk has been trying to wriggle out of his $44 billion deal to buy Twitter, and two new reports from CNN and the Washington Post may help out the richest man in the world in those endeavors. Both outlets have seen a complaint filed by whistleblower Peiter Zatko, Twitter'...

Bot Researcher Doubts Elon Musk's Claims

Tool his team used in Twitter lawsuit flagged Musk himself as a bot

(Newser) - The trial over Elon Musk's attempt to back out of his deal to buy Twitter begins on Oct. 17, and the case will center on the "bot or not" question. Musk argues that Twitter has massively understated the proportion of fake or spam accounts on the platform and...

Now Musk Is Messing With Soccer Fans

Tesla/SpaceX CEO posted he was purchasing Manchester United, then said he was just joking

(Newser) - A tweet this week from Elon Musk in which he suggested he would soon be the owner of a top UK soccer team went over about as well as it did for Ted Lasso when he first showed up to coach Apple TV's fictional team. The Tesla and SpaceX...

Musk Does What He Said He Wouldn&#39;t
Musk Does
What He Said
He Wouldn't
Aug 10, 2022 8:37 AM CDT

Musk Does What He Said He Wouldn't

Billionaire sells $6.9B in Tesla stock in case his $44B purchase of Twitter goes through

(Newser) - Elon Musk has reneged on his vow not to sell more Tesla stock. The billionaire just sold $6.9 billion in stock in the company ahead of a court battle that could force him to follow through on his earlier offer to buy Twitter. He sold 7.92 million shares...

After Twitter Sues Musk, He Sues Them Back

Would-be buyer says his team was misled about user numbers

(Newser) - Elon Musk accuses Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he says held back necessary information and misled his team about its true user base, according to reports ahead of its public release. The Washington Post reports that the...

Judge Rules on Making Musk's Twitter Suit Public

Twitter lawyers say they need time to review countersuit for sensitive information

(Newser) - Update: Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday. Attorneys for Musk wanted to file a public version of...

Elon Musk's Dad Doesn't Sound Impressed With Son

Errol Musk gives a pretty savage interview

(Newser) - There's apparently no love lost between Errol Musk and his son, Elon. The Guardian calls the 20-minute interview the elder Musk gave to an Australian radio show "strange"; news.com.au calls it "brutal." The detail getting most attention: When asked if he was proud of...

Elon Musk Has a New Reported Scandal

Tesla CEO denies 'WSJ' report that he had a fling with Sergei Brin's wife

(Newser) - The reason Elon Musk's friendship with Sergey Brin has apparently gone south? A fling the Tesla founder had with the Google co-founder's estranged wife, according to sources who spoke to the Wall Street Journal . Musk, for his part, is staunchly denying the report. Brin separated from Nicole Shanahan...

Tesla Sells 3/4 of Its Bitcoin Holdings

Amid ongoing production issues

(Newser) - Tesla had what the Guardian describes as a "shaky" second quarter, reporting a 32% drop in profit from the first quarter's record levels and having a difficult time meeting demand due to production issues. Amid all this, it has sold 75% of its bitcoin holdings, $936 million worth,...

In Musk-Twitter War, First Legal Battle Goes to Twitter

Judge shoots down Musk's request to delay trial until next year

(Newser) - Elon Musk lost a fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the "cloud of uncertainty" over the social media company after the billionaire backed out of a deal to buy it, per the AP . "Delay threatens...

'Eat the Rich' With Popsicles Shaped Like Musk, Bezos

MSCHF artists collective has ice cream trucks in NYC, LA with the billionaire-shaped treats

(Newser) - If you're in New York City or Los Angeles on Wednesday and want to work out your angst against capitalism, there's a frozen treat waiting for you, modeled after the world's richest men. Just stop by what's being deemed a "unique art pop-up" by CBS...

Elon Musk Fires Back at Trump
Elon Musk Fires Back at Trump
Jul 13, 2022 12:00 AM CDT

Elon Musk Fires Back at Trump

Who then fires back at Elon

(Newser) - It's official: Elon Musk and former President Trump are feuding. After Trump ripped Musk as a "bulls--- artist" who lied to him about voting Republican (and predicted Musk will never run Twitter), Musk on Monday night fired back on, yes, Twitter. "I don’t hate the man,...

Twitter Files Sharply Worded Lawsuit Against Musk

'Musk refuses to honor his obligations ... because the deal he signed no longer serves his personal interests'

(Newser) - Twitter sued Tesla CEO Elon Musk on Tuesday to force him to complete the $44 billion acquisition of the social media company. Musk and Twitter have been bracing for a legal fight since the billionaire said Friday he was backing off of his April agreement to buy the company. Twitter’...

One Clause in Contract May Be Bad News for Musk

'Specific performance' term could be used to force him into buyout deal

(Newser) - As Elon Musk and Twitter head toward a high-stakes court battle over his decision to bail on the buyout deal, stories have begun assessing the odds of which side might prevail. Generally, most see Twitter with the stronger hand, and a big reason is because the deal includes a "...

Twitter Lawyers Up, and Musk Issues a Taunt

Company hires heavyweight firm as Tesla CEO tweets a laughing meme

(Newser) - The Twitter/Elon Musk soap opera appears to be headed toward a heavyweight battle in a Delaware court. Some new developments:
  • Lawyering up: Bloomberg reports that Twitter hired "merger law heavyweight" Wachtell, Lipton, Rosen & Katz and is expected to file suit this week. Twitter will try to force Musk
...

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