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This Week on Crypto Twitter: Michael Saylor Leaves CEO Role to ‘Focus More on Bitcoin,’ Nomad and Solana Get Hacked - Decrypt

This Week on Crypto Twitter: Michael Saylor Leaves CEO Role to ‘Focus More on Bitcoin,’ Nomad and Solana Get Hacked – Decrypt

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Illustration by Mitchell Preffer for Decrypt After two consecutive weeks of growth, crypto markets cramped up a bit. Even as reports of liquidity troubles appear to have slowed, investors were cautious. This week, Bitcoin-HODLing corporations Block Inc. and MicroStrategy both reported significant impairment charges on their holdings. Block is down $36 million, while MicroStrategy is …

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Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

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Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed to …

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Block Stock Wobbles After Earnings. Why Analysts Are Upbeat.

Block Stock Wobbles After Earnings. Why Analysts Are Upbeat.

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Text size Former Twitter CEO Jack Dorsey leads Block. Marco Bello/AFP via Getty Images Block’s stock price has wobbled in the wake of the fintech company’s second-quarter earnings, but there remain multiple reasons to be upbeat, according to analysts. Founded and led by former Twitter (ticker: TWTR) CEO Jack Dorsey, shares in Block ( SQ …

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Elon Musk's countersuit against Twitter says the company is operating a "scheme" to mislead investors

Elon Musk’s countersuit against Twitter says the company is operating a “scheme” to mislead investors

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Musk made several claims against Twitter, including about the soundness of its user metrics. He said Twitter is attempting to “distract” from its many “misrepresentations.” Twitter pushed back, saying the billioionaire’s story is “implausible and contrary to fact.” Loading Something is loading. Elon Musk’s confidentially filed 164-page countersuit against Twitter is full of accusations around …

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Elon Musk must wait to unseal countersuit against Twitter, judge rules

Elon Musk must wait to unseal countersuit against Twitter, judge rules

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Elon Musk’s bid to publish on Wednesday a counter-lawsuit he filed against Twitter last week was rejected by the judge overseeing the bombshell case late in the day. Delaware Court of Chancery Judge Kathaleen McCormick ruled Musk’s counterclaims, answer and affirmative defenses to Twitter’s suit shall be made public by Friday afternoon, according to court …

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Twitter subpoenas Binance and a dozen more firms over $44B Musk deal

Twitter subpoenas Binance and a dozen more firms over $44B Musk deal

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Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site’s lawyers. Those lawyers want to know what happened in Musk’s private negotiations leading up to the now-disputed deal. On Tuesday, Twitter filed more than a …

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Twitter Seeks Evidence On Elon Musk Attempts To Torpedo $44 Billion Deal

Twitter Seeks Evidence On Elon Musk Attempts To Torpedo $44 Billion Deal

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Twitter is looking into Musk’s motivation for backing out of the deal, legal experts said.(File) Wilmington: Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal …

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Twitter is probing Elon Musk’s social circle in broad legal requests

Twitter is probing Elon Musk’s social circle in broad legal requests

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Comment on this story Comment SAN FRANCISCO — Twitter is probing associates of Elon Musk and seeking other information in far-reaching legal requests about his $44 billion deal to acquire the social media company, according to legal documents obtained by The Washington Post. In a subpoena Twitter issued on Monday, its legal team asked for …

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Economist Phillip Magness slams ‘Orwellian’ Facebook for fact-checking recession post

Economist Phillip Magness slams ‘Orwellian’ Facebook for fact-checking recession post

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A prominent economist has revealed that Facebook placed a fact-checking label on a post asserting that the US has entered a recession, giving it a “partly false” rating as President Biden continues to reject the grim assessment of the economy. Dr. Phillip Magness, the research and education director at the American Institute for Economic Research, a …

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Elon Musk’s dad says he’s not proud of Tesla founder, favors brother

Elon Musk’s dad says he’s not proud of Tesla founder, favors brother

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Elon Musk’s dad held nothing back when asked by Australian radio talk show hosts to weigh in on his Tesla founder son’s life and career, revealing he was not proud of the billionaire businessman and favored his brother Kimbal. Errol Musk, 76, on Monday called in to Kyle and Jackie O’s show on the Australian …

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