Tag: Musk

Elon Musk sued for $258 bn over dogecoin support

NEW YORK, United States (AFP) — An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Keith Johnson, who says he lost money after investing in dogecoin, described himself as an “American citizen who was defrauded” by what he called a “Dogecoin Crypto Pyramid Scheme.” He is asking […]

Bolsonaro to meet Elon Musk in Brazil: government source

  Sao Paulo, BRAZIL (AFP) — Brazilian President Jair Bolsonaro is set to meet with billionaire Elon Musk on Friday, according to a government source. The meeting will be held in Sao Paulo, a source with the Brazilian president’s office told AFP, without giving any details on what will be on the agenda. Earlier, Bolsonaro said that he had planned a private meeting in Sao Paulo “with a very important person who is recognized throughout […]

Musk says Twitter purchase will not go ahead without clarity on spam accounts

New York, UNITED STATES (AFP) — Billionaire Elon Musk said Tuesday that his purchase of Twitter would not go ahead unless he was assured that fewer than five percent of accounts on the platform were fake. “Yesterday, Twitter’s CEO publicly refused to show proof of <5%,” tweeted Musk, who has almost 94 million followers on the social network. “This deal cannot move forward until he does.” The chief of SpaceX as well as Tesla, Musk […]

Elon Musk says he would lift Twitter ban on Trump

  by Glenn CHAPMAN Agence France Presse Elon Musk said on Tuesday that as owner of Twitter he would lift the ban on Donald Trump, contending that kicking the former US president off the platform “alienated a large part of the country.” Musk’s endorsement of a Trump return to the global messaging platform triggered fears among activists that Musk would “open the floodgates of hate.” “I would reverse the permanent ban,” the billionaire said at […]

Elon Musk: tech visionary turns social media king

  SAN FRANCISCO, United States (AFP) — Sometimes it feels like it’s Elon Musk’s world and we just live in it. The endlessly innovative, endlessly eccentric billionaire has struck a deal to buy Twitter — giving him control of the social media network on which the world debates, mobilizes and bickers. It is just the latest conquest for Musk, who has revolutionized the car industry, sent his own rocket to space, built the world’s biggest […]

Elon Musk reaches deal to buy Twitter for $44 bn

    NEW YORK, United States (AFP) — Elon Musk, the world’s richest man, struck a deal Monday to buy Twitter for $44 billion, capping a saga complete with hostile takeover threats before delivering him personal control of one of the most influential social media platforms on the planet. Twitter famously served as a megaphone for former US president Donald Trump before the platform banned him, and Musk — a self-proclaimed “free-speech absolutist” — has […]

Elon Musk launches hostile takeover bid for Twitter

  by Julie Jammot with Glenn Chapman in San Francisco © Agence France-Presse SAN FRANCISCO, United States (AFP) — Tesla chief Elon Musk launched a hostile takeover effort for Twitter on Thursday, insisting the platform needs to be transformed but acknowledging his $43 billion bid may fail. The proposal faces uncertainty on multiple fronts, including possible rejection and the challenge of assembling the cash, but could have wide-reaching impacts on the social media service if […]

Elon Musk buys large stake in Twitter, sending stock soaring

by John Biers © Agence France-Presse NEW YORK, United States (AFP) — Twitter’s shares soared after Tesla CEO Elon Musk disclosed on Monday a large stake in the social media company, which he has criticized for its approach to speech rights. Musk, who has more than 80 million followers on the microblogging platform, became its largest shareholder following the purchase of 73.5 million shares or 9.2 percent of common stock, according to a securities filing. […]

Musk shows off progress merging brains and machines

  by Glenn CHAPMAN Agence France Presse Futurist entrepreneur Elon Musk late Friday demonstrated progress made by his Neuralink startup in meshing brains with computers, saying the work is essential to the future of humanity. Musk has long contended that a neural lace merging minds with machines is vital if people are going to avoid being so outpaced by artificial intelligence that, under the best of circumstances, humans would be akin to “house cats.” “It’s […]

Tesla names board director to replace Musk

WASHINGTON, United States (AFP) — Tesla said it has appointed Robyn Denholm of the Australian telecoms company Telstra as board director after Elon Musk resigned from the post. The appointment of Denholm, who is Telstra’s chief financial officer, is effective immediately but she will serve out her six-month notice period with her current employer, Tesla said in a statement late Wednesday. Denholm had already served as a member of the Tesla board since 2014. Musk […]

Facebook crisis prompts Silicon Valley soul-searching

  by Glenn Chapman Agence France Presse SAN FRANCISO, United States (AFP) — With Facebook mired in its worst-ever crisis, the rest of Silicon Valley is looking to come to terms with the dark side of its data-driven business model where tech titans have mined fortunes from what people reveal online. There are signs the crisis could spread to other internet firms that have made no secret about using what they glean from digital data […]

SpaceX vows to send capsule to Mars by 2018

MIAMI,United States (AFP) — SpaceX chief Elon Musk announced Wednesday that he will send an unmanned spaceship to Mars as early as 2018, as part of his quest to colonize the Red Planet some day. Few details of the plan were released by Musk, the Internet entrepreneur who rose to fame as the cofounder of PayPal and currently also runs Tesla Motors. “Planning to send Dragon to Mars as soon as 2018,” Musk announced on […]