Elon Musk Purchases Twitter for $41.39 billion, Elon becomes first person ever to lose $200 Billion Dollars

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[Inori]

I dont trust Musk.

I do feel like thats one of the things Andrew Yang had right though. Our data should be considered our property.. so if these muhfuckas are buying and selling our data we should get a say in whats done with it and if its sold, one we should have a choice if its sold off or not and if we do choose to sell, we should get some of the profits of it

 

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I understand why that Ketamine junkie Captain Apartheid has everyone shook…

 

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[5th Letter]

Twitter’s Clumsy Pivot to X.com Is a Gift to Phishers – Krebs on Security

 

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I don’t why anybody would buy one those White Supremacist Cyber wagons…

 

[Goldie]

 

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[LurkerSix]

Even tho Tesla stock is dropping fast, and so are their sales, Musk wants his 56 billion pay out.

https://www.cnbc.com/2024/04/17/elon-musk-pay-tesla-to-ask-holders-to-reinstate-voided-stock-grant.html

• Tesla will ask shareholders to reapprove CEO Elon Musk's $56 billion pay package, months after a Delaware court found it deeply flawed and voided it.
• The company is also seeking to reincorporate in Texas as a direct result of the court decision.
• Musk has publicly and bitterly decried both the decision and continued incorporation in Delaware in the aftermath of the case, but Tesla's board says it arrived at both decisions independently.

Tesla also said it would ask shareholders to approve moving the company's incorporation from Delaware to Texas. Musk had suggested the move after his pay package was ruled illegal. The announcement Wednesday came days after the automaker said it would cut its workforce by 10%.
Tesla said the court decision created a "fundamental problem for the company."

The two proposals are likely to be fiercely controversial. Tesla has hired a proxy solicitor, Innisfree M&A, and plans to spend an undetermined amount, in the millions, to help secure the votes for the two proposals, according to the filing.
Tesla has not hired Innisfree since 2018, when it first asked shareholders to vote on Musk's pay package. Companies often only advertise the cost of proxy solicitations when major proposals or proxy fights are expected. (Innisfree was also suing Musk's Twitter over unpaid bills.)

Musk's pay package was invalidated after a shareholder won a lawsuit against the company earlier this year. Delaware Chancery Court Chancellor Kathaleen McCormick found that Musk, rather than Tesla's board, controlled the company and that the board's compensation committee, rather than negotiating with Musk over the terms of the deal, "worked alongside him, almost as an advisory body."