Twitter

Removing approvals was the easy part. Former Twitter CEO, Dick Costolo, explains why the real challenge is building a culture fast enough to outrun its own mistakes.

A May 4 filing showing Musk’s revocable trust will pay a US$1.5 million civil penalty if a judge approves the deal.

The SEC says the delay disclosure let Musk buy cheaper shares and cost shareholders over US$150 million.

Plaintiffs estimated damages from Musk’s misleading posts about bots and fake accounts could reach US$2.6 billion in the Twitter acquisition case.

The filing says both sides asked a judge to extend a deadline to April 1 from March 18 for proposing a schedule for further proceedings.

Musk said his lawyers warned him he was unlikely to beat the suit after McCormick issued pretrial rulings favoring Twitter.

The July 2020 attack compromised accounts belonging to Barack Obama, Joe Biden, prompting Twitter (now X) to temporarily restrict verified accounts.

The company is offering selected users a US$500 voucher to test its new pay-per-use API.

The lawsuit began in March 2024 after executives claimed Musk closed the Twitter acquisition a day early.

Parag Agrawal says AI will dominate web use, requiring differential pricing to prevent paywalls and keep the web open.