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The Latest Breaking News from Jack Dorsey

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Elon Musk Suggests You Use Chronological Tweets Feature Over Whatever 'The Algorithm' Suggests

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Wednesday favored the chronological order of tweets rather than the algorithm-driven option.

Benzinga

Bitcoin Bull Jack Dorsey Likens Coinbase To A Casino

Twitter Inc (NYSE: TWTR) founder and CEO of Block Inc (NYSE: SQ) Jack Dorsey equated rival Coinbase Gobal, Inc (NASDAQ: COIN) with a cas

Benzinga

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read the most diverse news in one place.

Elon Musk Has Good Reasons for Wanting To Reverse Twitter's Trump Ban

Plus: A democratic socialist running for office is caught up in a MeToo witch hunt, inflation woes continue, and more...

Reason

Apollo Looks To Lead $1B Preferred Financing For Musk's Twitter Bid

Apollo Global Management, Inc (NYSE:APO) discussed leading preferred financing for Elon Musk's proposed buyout of Twitter Inc (NYSE:TWTR), Bloomberg reports. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms. Musk recently bagged $7.1 billion in equity commitments from investors including Larry Ellison, Sequoia Capital, and Qatar. …

Benzinga

Twitter Founder Jack Dorsey Backs Elon Musk On Reinstating Donald Trump

Twitter Inc (NYSE: TWTR) co-founder Jack Dorsey, who was the CEO of the company when former President Donald Trump was permanently banned from the social media website, said it was a “business decision” that led to the expulsion of the latter.

Benzinga

Elon Musk vows to reverse Donald Trump's Twitter ban if takeover is successful

The former US President was banned from the platform for breaching its 'glorification of violence' policy following the deadly storming of the Capitol.

Daily Record

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Florida pension fund sues Elon Musk and Twitter to stop buyout

The class-action lawsuit argues that the deal cannot close before 2025

The Guardian - US

Will Twitter Get More Crypto-Friendly With Musk's Investments From Binance And a16z?

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has landed backers for his buyout of social media platform Twitter Inc (NYSE: TWTR).

Benzinga

NFTs: the great rush may be over – but are they in actual decline?

Jack Dorsey’s first tweet sold for $2.9m in 2021 then could not get past $14,000 at auction last month. But some projects have thrived

The Guardian - UK

Elon Musk secures $7.1 billion in new financing for Twitter

Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., winning the backing of some of the world’s largest investors.

Tribune News Service

Tesla Chief Likely To Take Over As Temp Twitter CEO: CNBC

Tesla, Inc (NASDAQ:TSLA) chief Elon Musk will likely serve as Twitter, Inc's (NYSE:TWTR) temporary CEO for a few months post the $44 billion takeover closes, CNBC reports. As per sources to CNBC's David Faber, Musk recently led investor presentations offering financial projections based on his analysis of Twitter. Musk complained against Twitter's EBITDA margin…

Benzinga

Musk Raises $7.1B From Investors, May Become Twitter Interim CEO

The $7.1 billion to fund the acquisition of Twitter sees Elon Musk's margin loan against his shares in Tesla reduced from $12.5 billion to $6.25 billion.

InsideEVs

Binance invests in Elon Musk takeover, cementing Twitter's crypto ties

But Elon Musk's views on cryptocurrency in general are anything but certain.

Input

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Benzinga

Twitter Offshoot Bluesky Releases Early Code For Decentralized Social Network

Twitter Inc (NYSE: TWTR) offshoot Bluesky has released its first open-source code for a decentralized social network.

The Guardian - US

Musk seeks to use less of his fortune with bid for more Twitter funding

The tech mogul is looking at various options such as pledging his shares of Tesla to secure bank loans

Benzinga

Jack Dorsey Says This Was His 'Biggest Failing' At Twitter

Twitter, Inc.'s (NASDAQ: TWTR) co-founder Jack Dorsey, who gave up his chief executive officer role at the social media platform late last year, shared his insights into what it would take to reinvigorate the platform.

Tribune News Service

What happens to #BlackTwitter when Musk takes over?

BlackPlanet? Tumblr? Or, God forbid — MySpace?

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The Independent UK

Jack Dorsey says Twitter ‘has always tried to do its best’ ahead of $44bn sale to Elon Musk

Twitter founder attempts to address concerns after internal townhall meet amid mass exodus concerns

Asharq Al-Awsat

Musk's Twitter Purchase Puts Moral Champion in Crosshairs

The fate of Twitter's top attorney, deemed a moral champion of the platform, was in doubt Wednesday after Elon Musk tweeted displeasure with content moderation she had carried out. Musk, the world's richest man, has vowed to be a free speech absolutist when he takes control of the global messaging…

Reason

Florida Faces First Amendment, Contract, and Budget Issues in Dissolving Disney District

Plus: Russia accuses NATO of war by proxy, Elon Musk's confusing comments on free speech, Biden bans incandescent light bulbs, and more...

Benzinga

Coinbase CEO: Elon Musk Buying Twitter Is A 'Great Win' For Free Speech

Brian Armstrong, founder and chief executive of cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN), has voiced his approval of Tesla Inc (NASDAQ: TSLA) CEO Elon Musk

Los Angeles Times

Amid Twitter’s Musk meltdown, Mark Hamill pledges to stay on ‘no matter who owns it’

When word exploded online Monday that Elon Musk had struck a deal to buy Twitter for $44 billion — a deal that still faces shareholder approval — many users announced they were leaving the social platform.

The Independent UK

Elon Musk urged to ‘clean up’ Twitter’s digital town square

Conservative MP Damian Collins, who chaired the Joint Committee on the draft Online Safety Bill, said Mr Musk must target bots accounts.

The Guardian - UK

The Twitter shareholders set to make millions from Elon Musk’s takeover

Analysis: From founder Jack Dorsey to dotcom pioneer Martha Lane Fox … the big players in line for big payouts

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