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Twitter Overcomes Subpoena Looking to Unmask Anonymous Troll in Free Speech Case

Does copyright law compel the unmasking of anonymous users when First Amendment rights may be threatened by the disclosures? A federal judge answered “No” to that question when he granted Twitter’s motion to quash a subpoena from strategic advisory firm Bayside seeking to identify the user behind @CallMeMoneyBags, an account dedicated to criticizing wealthy people […]

Elon Musk Wants Twitter to Be a Little More Like TikTok

On Thursday, Elon Musk appeared at an all-hands meeting of Twitter employees, his first since announcing his bid to buy the company. Appearing via his phone from what looked like a hotel room, Musk elaborated on his plans for the company, should his acquisition go through. And while Musk continued to frame the purchase through […]

Twitter to Comply With Elon Musk’s Demand For Data on Fake Accounts

Twitter plans to comply with Elon Musk’s demand for internal data on spam bots and fake accounts after threatening to walk away from the deal, The Washington Post reported on Wednesday. Citing a person familiar with the state of negotiations, the report says the company will offer access to the so-called “firehouse” of data comprising […]

Elon Musk Says Twitter “Actively Resisting” Terms of Merger Agreement, Threatens Termination of Deal Over Spambot Dispute

In a letter sent to Twitter Monday morning, an attorney for Elon Musk wrote that the company “is actively resisting and thwarting his information rights” in regards to a dispute over spam accounts, and threatened to terminate the deal. The letter, sent by a lawyer for Skadden Arps, follows a weeks-long back and forth between […]

Twitter to Pay $150M In Settlement With FTC, DOJ for Allegedly Misusing Data

Twitter will pay $150 million to resolve a joint lawsuit from the Department of Justice and Federal Trade Commission accusing it of illegally giving advertisers access to users’ contact information for targeted advertising. “From at least May 2013 until at least September 2019, Twitter misrepresented to users of its online communication service the extent to […]

What Snap’s Revenue Warning May Mean for Media Companies and Advertising

With Snap surprising Wall Street with a second-quarter revenue warning on Monday, noting that “the macroeconomic environment has deteriorated further and faster than anticipated” since its last earnings update, some media analysts are assessing the potential advertising impact on other sector players. Wells Fargo’s Steven Cahall in a Tuesday report offered up “helpful quick data […]

Elon Musk: Twitter Deal “Cannot Move Forward” Without “Proof” on Fake Accounts

Elon Musk’s $44 billion deal to acquire Twitter “cannot move forward” without “proof” for a fake accounts estimate previously disclosed by the social media giant, the Tesla and SpaceX boss tweeted on Tuesday. On May 13, he had said the mega-transaction was “temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent […]

Trump Agrees to Use Truth Social as Primary Social Media Platform

Donald Trump has agreed to post on Truth Social before any other social media platform, as the new company views the former president as the centerpiece of its business model.  The disclosure comes in a filing related to the merger between blank check company Digital World Acquisition Corp. and Trump Media & Technology Group Corp., […]

Twitter CEO Ushers in Budget Cuts Amid Elon Musk Deal Tumult

Twitter CEO Parag Agrawal clarified Friday that he was the force behind recent executive exits, not Elon Musk, whose acquisition offer hangs in the balance.  On Thursday, Agrawal fired Twitter’s general manager Kayvon Beykpour and Bruce Falck, the company’s revenue product lead. And on Friday, Musk said his $44 billion offer to buy Twitter was […]

Elon Musk: “Twitter Deal Temporarily on Hold”

His megadeal to acquire social media giant Twitter is “temporarily on hold,” Tesla and SpaceX boss Elon Musk tweeted Friday. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he said, providing a link to an early May Reuters article citing a Twitter regulatory […]

Elon Musk Says He’d Allow Trump Back on Twitter, Get Rid of Permanent Bans

Elon Musk said he would allow Donald Trump back on Twitter if his acquisition of the company goes through. At a Financial Times conference Tuesday, Musk said Twitter’s ban of the former president was a “morally bad decision” and “foolish in the extreme.” He added that he believes the platform should not enact permanent bans, […]

Elon Musk Secures $7.14B in New Financing for Twitter Deal, Holds Talks to Keep Jack Dorsey on Board as Investor

Tesla and SpaceX boss Elon Musk has received letters from investors committing nearly $7.14 billion in new financing for his takeover of social media giant Twitter, according to a regulatory filing on Thursday. Musk is also in talks to bring Twitter co-founder Jack Dorsey and others on board as investors. The filing listed 19 investors, […]