Musk seeks to put in less money in new Twitter deal financing – sources

Sources say the new financing, which could come in the form of preferred or common equity, could reduce the $21 billion cash contribution Elon Musk has committed to the deal as well as a margin loan he secured against his Tesla shares Elon Musk is in talks with large investment firms and high net-worth individuals … Read more

In a market swamped with streaming services, Netflix’s loss of subscribers is a big deal

Unlike Apple and Disney, Netflix only has one product, its streaming platform. Without any other business offsetting losses, even a small change to its subscriber base can have huge effects on its stock price Netflix’s recently released first quarter earnings for 2022 reported a shocking loss of 200,000 subscribers – a worrying shift for a … Read more

Republicans cheer Twitter-Musk deal, Democrats wary of tech’s power

Conservatives accuse Twitter of bias against right-leaning views, and cheer the prospect of fewer controls under Musk, who has criticized the social media platform’s moderation WASHINGTON, DC, USA – Republican lawmakers welcomed news that billionaire Elon Musk, who calls himself a free speech absolutist, was purchasing Twitter, but Democrats slammed it as a sign that … Read more

Musk seals $44-B deal for Twitter, pledges to defeat spam bots

‘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,’ says Musk NEW YORK, US – Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday, April 25, in a transaction that will shift … Read more

Twitter under shareholder pressure to seek deal with Musk, sources say

The price expectations among Twitter shareholders for the deal divergence based largely on their investment strategy, sources say Twitter is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has called his $43 billion bid for the social media platform his best and final offer, people … Read more

Graft charges against Mike Arroyo for anomalous chopper deal ordered dropped by SC

The Supreme Court says evidence gathered by the Ombudsman did not show how Arroyo connived with accused public officers in the 2009 sale of second-hand choppers to the police MANILA, Philippines – The Supreme Court (SC) has ordered the Sandiganbayan to drop the graft charges against the former first gentleman Jose Miguel Arroyo for his … Read more

Rappler asks SC to junk Calida petition vs fact-checking deal with Comelec

In its comment filed with the High Court, Rappler insists that contrary to Calida’s claim, fact-checking is not tantamount to prior restraint because it checks statements already published and disseminated MANILA, Philippines – News organization Rappler urged the Supreme Court on Monday, April 11, to dismiss and “not to glorify” the petition by the Office … Read more