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Ex-CEO Parag Agrawal, along with the company's former chief legal and financial officers, claim in the suit that they are owed a total of more than $1 million, and that Twitter is legally bound to pay them.  The three former executives argue that Twitter is bound by agreements to reimburse them San Francisco: Three top Twitter executives who were sacked by Elon Musk last year when he took over the social media company filed suit on Monday, seeking to be reimbursed for costs of litigation, investigations and congressional inquiries related to their former jobs. Ex-CEO Parag Agrawal, along with the company’s former chief legal and financial officers, claim in the suit that they are owed a total of more than $1 million, and that Twitter is legally bound to pay them. Twitter responded to an AFP request for comment with a poop emoji, as has become its practice. The court filing outlined numerous expenses related to inquiries by the US Securities and Exchange Commission (SEC) and the ...

Throughout the conflict, Elon Musk has frequently voiced his opinions about the Russia-Ukraine war.                               Elon Musk made the comment on Twitter while responding to a user. Twitter chief Elon Musk has said that Vladimir Putin called him a “war criminal” clarifying that the Russian President is “not exactly my best friend”. The world’s second-richest person tweeted this while responding to a Twitter user who questioned why Russian leaders were being allowed on the platform. The user, Anonymous Operations, posted a screenshot of former Russian President Dmitry Medvedev, who said in his tweet that Ukraine will “disappear” as “no one needs it”. The user tagged Mr Musk and asked why he allowed Russian leaders back on the platform. “I’m told Putin called me a war criminal for helping Ukraine, so he’s not exactly my best friend. All news is to some degree propaganda. Let people decide for the...

Tesla chief executive Elon Musk sold $6.9 billion of his shares in the electric car maker, his biggest sale on record, saying he needs cash in case he is forced to proceed with his aborted deal to buy Twitter. “In the [hopefully unlikely] event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” the world's richest person tweeted on Tuesday night, after the sales were disclosed in a series of regulatory filings. Asked by followers if he was done selling and whether he would buy Tesla stock again if the $44 billion deal did not close, Mr Musk, 51, said “yes”. The billionaire offloaded about 7.92 million shares on August 5, according to the new filings. READ MORE : https://www.thenationalnews.com/business/technology/2022/08/10/elon-musk-sells-tesla-shares-worth-nearly-7bn/

Twitter will hold a special shareholder meeting on September 13 to vote on billionaire Elon Musk's $44 billion offer to take over the social media platform, the company said in a regulatory filing to the US Securities and Exchange Commission. The company’s shareholders will also be asked to vote on a proposal to “approve, on a non-binding, advisory basis, the compensation that will or may become payable by Twitter to its executive officers in connection with the merger”, according to the filing, which was signed by chief executive Parag Agrawal and board chairman Bret Taylor. Shareholders will be required to “vote on a proposal for the adjournment of the special meeting to a later date or dates to solicit additional proxies if there are insufficient votes to adopt the merger agreement”, Twitter said in the filing on Tuesday. Mr Musk, chief executive of Tesla, agreed to acquire Twitter for $44bn in April, pledging to pay $54.20 a share. Upon completion of the deal, the plan was for ...