Bloomberg:
Sources: Twitter is asking dozens of laid-off staff to return, after realizing some are needed for building prioritized features and some were sacked by mistake — Twitter Inc., after laying off roughly half the company on Friday following Elon Musk’s $44 billion acquisition …
Nilay Patel / The Verge:
“Welcome to hell, Elon:” Musk won’t be able to grow Twitter users and revenue without compromises and realizing that content moderation is the main product — You break it, you buy it. … Twitter is a disaster clown car company that is successful despite itself …
Rebecca Elliott / Wall Street Journal:
Filings: after taking over Twitter, Elon Musk sold 19.5M Tesla shares, worth almost $4B, between November 4-8; Musk retains a roughly 14% stake in Tesla — The 19.5 million shares sold this month follows earlier sales in April and August — Elon Musk sold almost $4 billion …
Casey Newton / @caseynewton:
[Thread] Sources and chats in anonymous workplace app Blind: Twitter is asking some laid off employees to come back, including for “some Android and iOS help” — Multiple sources and Twitter Blind chats now saying that the company has begun to reach out to some people it laid off yesterday asking them to come back. Whoops! 🥴
Arjun Kharpal / CNBC:
Twitter rejects Elon Musk’s claim that a $7.75M severance payment to Peiter Zatko violated the acquisition deal, ahead of a shareholder vote on September 13 — – Twitter said Monday payments to a whistleblower did not breach any of its obligations under the $44 billion acquisition proposed by Elon Musk …
The Verge:
In a letter to Twitter, Musk’s legal team cited Twitter’s ~$7M settlement with Peiter Zatko as a violation of the merger agreement and a reason to end the deal — He sent a letter to Twitter on Friday — Elon Musk has sent a third letter to Twitter attempting to terminate his $44 billion acquisition of the company.
Bloomberg:
Source: Elon Musk plans to become Twitter CEO after completing his $44B acquisition and reverse lifetime bans, but may eventually cede the role — Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition …
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