Twitter

Elon Musk sold $6.9-billion of his shares in Tesla, his biggest sale on record, saying he needed cash in case he is forced to buy Twitter.

The disposals started in November after Musk, a prolific Twitter user, polled users of the platform on whether he should trim his stake. Twitter has since sued to force Musk to consummate the deal, and a trial in the Delaware chancery court has been set for October. In the long term, all that matters is deliveries and gross margin.”

Ahmad Abouammo, a US resident born in Egypt, was found guilty by a jury Tuesday of charges including acting as an agent for Saudi Arabia, money laundering, ...

Ahmad Abouammo found to have given users' personal information to Mohammed bin Salman's aide.

Abouammo was found guilty of lying to the FBI when he was first confronted by agents in October 2018. In December, Abouammo flew to London to meet Asaker, who is alleged to have given him the luxury watch and at least $20,000 in cash. Another $200,000 was paid into the account after Abouammo resigned from Twitter in May 2015, the indictment says.

A jury found him guilty on six counts, including conspiracy to commit wire fraud and money laundering. The jury acquitted him on another five charges involving ...

Sure, we'll remove all ads from your page and you'll unlock access to some excellent Community-only content. The jury acquitted him on another five charges involving wire fraud. A jury found him guilty on six counts, including conspiracy to commit wire fraud and money laundering. Alzabarah, a Saudi national, is being sought on a charge of failing to register in the United States as an agent of a foreign government as required by United States law, according to an FBI statement. The case marked the first time the kingdom, long linked to the US through its massive oil reserves and regional security arrangements, has been accused of spying in America. SAN FRANCISCO — A former Twitter employee has been convicted of failing to register as an agent for Saudi Arabia and other charges after accessing private data on users critical of the kingdom’s government in a spy case that spanned from Silicon Valley to the Middle East.

Twitter has confirmed that an “internal systems change” was to blame for its partial outage today. Earlier today, the social network confirmed that some ...

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A jury convicted Ahmad Abouammo of spying, conspiracy to commit wire fraud, falsifying records and money laundering. He faces up to 20 years in prison.

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Tesla Inc Chief Executive Officer Elon Musk sold $6.9bn worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale ...

Tesla’s better-than-expected second-quarter earnings have been a tailwind, along with landmark US climate change legislation that aims to boost the use of clean energy through a series of tax incentives. The latest sales bring total stock sales by Musk to about $32bn in less than one year. The bear market rally has started to falter, and further repricing of Fed expectations could mean more pain for equities ahead, especially in tech.”

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a.

Musk also teased on Tuesday that he could start his own social media platform. Musk, the world's richest person, sold $8.5 billion worth of Tesla shares in April and had said at the time there were no further sales planned. Musk in early July tore up his April 25 agreement to buy Twitter for $44 billion. Elon Musk challenges Twitter CEO to public debate on botsElon Musk on Saturday challenged Twitter Inc Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media ... Technology Twitter has sued Musk to force him to complete the transaction, dismissing his claim that he was misled about the number of spam accounts on the social media platform as buyer's remorse in the wake of a plunge in technology stocks. Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.

Tesla CEO admits he could need the funds if he loses a legal battle with Twitter and is forced to buy the social media platform.

However, Musk remains comfortably ahead of Jeff Bezos as the world’s richest man with an estimated $250bn fortune, according to the Bloomberg billionaires index. Twitter has consistently stated that the number of spam accounts on its service is less than 5% of its user base, which stands at just under 238 million. Musk, the world’s richest person, sold $8.5bn worth of Tesla shares in April and had said at the time there were no further sales planned. The move came as observers of the Twitter row speculated whether Musk will seek a settlement. So I think that these are signs that he does intend to settle sometime soon,” said Anat Alon-Beck, a law professor at Case Western Reserve University in Ohio. The Tesla chief executive walked away from a $44bn deal to buy Twitter in July but the company has launched a lawsuit demanding that he complete the deal.

Twitter Inc said on Tuesday it had fixed issues after thousands of users reported that they were having trouble accessing the micro-blogging platform.

Sorry about that!," Twitter said in a tweet. Last month, Twitter users faced a nearly three-hour outage in July, with the San Francisco-based company saying it had some trouble with its internal systems that impacted many globally. "We fixed it!

Musk sold nearly 8 million shares of Tesla amidst fears that he may have to personally finance a Twitter buyout should he lose his case against the social ...

As of close yesterday, the stock is priced at $850 per share. The two sides head to trial on October 17. chief Elon Musk has sold around 7.92 million shares of the electric car manufacturer's stock in an attempt to shore up his personal finances in light of his court case against social media platform Twitter. The shares were cumulatively worth around $6.9 billion.chief Elon Musk has sold around 7.92 million shares of the electric car manufacturer's stock in an attempt to shore up his personal finances in light of his court case against social media platform Twitter. The shares were cumulatively worth around $6.9 billion.

Elon Musk, Tesla Inc's Chief Executive Officer, sold USD 6.9 bn worth of shares in the electric vehicle maker, saying the funds could come in handy to ...

Mr Musk also teased on Tuesday that he could start his own social media platform. The platform dismissed his claim that he was misled about the number of spam accounts on Twitter as buyer's remorse in the wake of a plunge in technology stocks. His first reaffirmation came in April following a sale of USD 8.5 billion worth of Tesla shares. Tesla has been faring well recently marking a nearly 15 percent share rise following better-than-expected earnings on July 20. Twitter has brought legal action against Mr Musk to ensure that he completes the transaction. This safety measure comes in the wake of Mr Musk tearing up in early July his April 25 agreement to buy Twitter for USD 44 billion.

Sometimes I open my feed to Parker Higgins' @choochoobot and the small joy of seeing trains moving through imagined emoji landscapes or to the artists of # ...

The Beach Today has nudged me to find the patterns, and the surprises, in the quotidian. On another day, a PhD student whose camera matched my own happily pointed out frogs, and we watched the sun glint off massive chunks of ice on a too-warm winter day. I was eating a granola bar and bracing against the wind one Sunday when I met a grandfatherly man who was piling driftwood on the shore of the lake. It’s a catalog of someone else’s place and time that has made me feel less alone and creatively inspired in my own daily wanderings. I watched the orange bellies of robins I had never stopped to notice. Instead, I marked the passing of time by the three willows that framed my first view of the lake, photographing their branches hovering above one horizon, once leafless and soon full, silhouetted at nightfall and flying in the early spring breeze.

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a ...

Musk also teased on Tuesday that he could start his own social media platform. Musk sold about 7.92 million shares between Aug.5 and Aug.9, and now owns just under 15% of the automaker, according to Reuters calculations. Musk in early July tore up his April 25 agreement to buy Twitter for $44 billion. Register now for FREE unlimited access to Reuters.com Tesla shares were up nearly 4% at $882. Register now for FREE unlimited access to Reuters.com

Twitter appeared to be having wide-scale technical problems again Tuesday, as users reported problems accessing the service.

It had similar problems on Feb. 17, coming less than a week after another an hourlong outage the company ascribed to a “technical bug” that was preventing timelines from loading and tweets from posting. Twitter’s latest technical problems come amid its legal fight with Elon Musk. On July 12, Twitter filed a lawsuit against Musk, seeking to force the world’s richest individual to consummate his $44 billion acquisition deal for the company. The technical problems resulted in some users being logged out of Twitter. The social network also was failing to load tweets and timelines.

Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn).

In July, Mr Musk said he planned to walk away from his bid to buy Twitter, prompting the company to sue him. After news of the share sale was made public Mr Musk responded to a tweet asking whether he had finished selling Tesla shares with “yes”, adding that he needed the money in case he was forced to buy Twitter and was unable to secure some of the funding for the deal. Mr Musk says he needs the money in case he is forced to buy Twitter for $44bn.

The world's richest man is girding for a court battle with the social media platform, which wants to compel him to complete the $44 billion deal made in ...

Musk had planned to finance the takeover with three loans worth $46.5 billion, one of which used his shares in Tesla as collateral. Twitter is suing him to compel him to complete the transaction, and a trial date has been set for October. But he later backed out of the deal, citing concern over the proportion of spam or fake accounts on the website.

A federal jury in San Francisco deliberated for nearly three days before convicting him on six charges while acquitting him on five others in the two-week ...

Lawyers for Mr. Abouammo described him as merely a Twitter employee who had been doing his job. The Mujtahidd account is critical of Saudi leadership and has more than two million followers on Twitter. Prosecutors said Saudi representatives had paid $300,000 to Mr. Abouammo for the information. Jerome Matthews, another lawyer for Mr. Abouammo, declined to comment on the verdict. Mr. Abouammo’s trial concluded on Thursday, and the jury of six men and five women took 17 hours to reach a verdict. “Appreciate the efforts of so many to see that justice was done.” “Been a long road to get to this conviction,” Mr. Wilson wrote. The jury reached a unanimous decision on that count Tuesday morning, the jurors said. Doing so will give you access to the work of over 1,700 journalists whose mission is to cover the world and make sure you have accurate and impartial information on the most important topics of the day. We’d like to thank you for reading The Times and encourage you to support journalism like this by becoming a subscriber. President Biden made his first visit as president to the kingdom last month, setting aside a promise to make it a “ pariah” and exchanging a fist bump with the crown prince. Ali Alzabarah, another former Twitter employee who was also charged in the scheme, fled the country before he could be arrested. It found Mr. Abouammo not guilty on five counts of wire fraud or conspiracy to commit wire fraud.

The billionaire entrepreneur said he wanted “to avoid an emergency sale of Tesla stock” if he was forced to complete the buyout of the social media company.

At the same time, Mr. Musk has appeared to strike a more open tone toward the possibility of going through with the deal. Twitter has cited that possibility as reason to resist his demands for confidential information pertaining to how it accounts for fake users. He had already signed a list of Silicon Valley heavyweights — including the venture capital firm Andreessen Horowitz and the tech mogul Larry Ellison — to commit about $7.1 billion toward the deal. Over the past few weeks, both Twitter and Mr. Musk have sparred over details of the deal. Mr. Musk signed the deal in April to acquire the social media company only to announce months later his intent to pull out, citing concerns about its accounting of fake users. In addition to about $13 billion in debt financing, Mr. Musk said in May that he would pay for the Twitter acquisition with about $33.5 billion in cash, through a combination of his own funds, outside investors and partnership with other Twitter shareholders. In response to a question on Twitter about whether he would create his own social platform if the deal does not close, he responded, “X.com.” Mr. Musk, who has an affinity for the letter X, has spoken about a desire to create a rival service. Shares of Tesla also rose nearly 4 percent. Twitter has sued Mr. Musk to force him to close the deal through a provision of the contract known as “specific performance.” A judge in the Delaware Chancery Court will decide in October whether he must follow through on the acquisition. In a tweet on Tuesday, Mr. Musk said he had sold the shares because, in “the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.” Mr. Musk is the richest man in the world, but much of his wealth is tied up in shares of Tesla. He also said Tuesday that he would buy more Tesla stock if his deal to buy Twitter did not close. The sale of 7.92 million Tesla shares started Friday, Mr. Musk revealed on Tuesday in securities filings, a reversal from his previous statements that he would not sell additional shares to finance the Twitter deal. Elon Musk, the chief executive of the electric vehicle maker Tesla, has sold about $7 billion worth of the company’s stock, a move he said on Twitter was an effort to raise cash in case he was forced to complete his $44 billion deal to acquire Twitter.

Feds alleged U.S. citizen Ahmad Abouammo used his public relations position at Twitter to funnel information to MBS about Saudi dissidents.

He said his account was one of those Abouammo hacked, and alleged the company had effectively collaborated and otherwise turned a blind eye to the Saudi government’s attacks on dissenters. Despite it being years since Twitter fired the alleged spy, the social media company has not been able to escape accusations of aiding Saudi Arabia. In a separate civil case, Ali al-Ahmed, a self-described critic of Saudi Arabia who had been granted asylum in the U.S., sued the social media company in late 2021. That report also showed how effective the royal has been at using Twitter to prop up his regime. According to the original complaint, prosecutors also said that Abouammo had been working on behalf of Saudi Crown Prince Mohammed Bin Salman to worm his way through Twitter’s internal systems to share personal information on Saudi critics and dissidents. A former Twitter employee was convicted on six of his original 11 counts of operating as an agent for Saudi Arabia. The verdict came down late Tuesday, and all that’s left is sentencing, which could be up to 20 years in federal prison. Chuang reportedly told the jury Twitter botched their own investigation and was careless in handling Twitter users’ data.

Tesla CEO has sold $7bn worth of shares in the carmaker in case he loses his bid to walk away from the $44bn takeover.

But according to the countersuit at least Agrawal and Musk agreed on one thing. The suit says that Musk became alarmed about how Twitter accounts for its mDAUs when, three days after signing the deal agreement, it admitted it had overstated its mDAU total for three years, by between 1.4 million and 1.9 million users per quarter. It said 100 accounts a day were sampled by human reviewers in order to come up with the less-than-5% figure. He argues that the number of monetisable daily average users (mDAUs) – authentic, active accounts that can see adverts (hence monetisable) – is falsely inflated by Twitter miscounting the number of false and spam accounts on the platform. Twitter’s complaint, filled with personal attacks against Musk and gaudy rhetoric more directed at a media audience than this court, is nothing more than an attempt to distract from these misrepresentations,” said the lawsuit. It is at the centre of Musk’s countersuit as well.

Elon Musk is accusing Twitter Inc. of hiding key witnesses in their legal battle over whether he must consummate a $44 billion buyout of the company, ...

A former media partnership manager for Twitter's Middle East region was charged in 2019 with acting as an agent of Saudi Arabia.

The FBI still lists Al-Mutairi and Alzabarah as wanted. The jury acquitted him on another five charges involving wire fraud. A jury found him guilty on six counts, including conspiracy to commit wire fraud and money laundering.

Mr Musk says he needs the money in case he is forced to buy Twitter for $44bn.

The company made waves last year when it revealed a major investment in in the world's biggest cryptocurrency. After news of the share sale was made public Mr Musk responded to a tweet asking whether he had finished selling Tesla shares with "yes", adding that he needed the money in case he was forced to buy Twitter and was unable to secure some of the funding for the deal. Mr Musk says he needs the money in case he is forced to buy Twitter for $44bn. In July, Mr Musk said he planned to walk away from his bid to buy Twitter, prompting the company to sue him. •Mr Musk says he needs the money in case he is forced to buy Twitter for $44bn •The company made waves last year when it revealed a major investment in in the world's biggest cryptocurrency.

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter.

“We can also see Musk trying to resolve this powder keg situation before the Twitter deal officially heads to court in October,” Ives wrote. Wedbush raised it’s target price for shares of Twitter, “With the chances of a Twitter deal now more likely in our opinion and the Street seeing through this poker move by Musk,” Ives wrote to clients. Musk offered to buy Twitter earlier this year, then tried to back out of the deal claiming the social platform was infested with a larger numbers of “spam bots” and fake accounts than Twitter had disclosed.

Federal Jury Finds Former Twitter Middle East Media Partnerships Employee Guilty of Fraud, Conspiracy, Obstruction, and Foreign Agent Charges for Bribe ...

Abouammo faces a maximum sentence of 10 years in prison for the charge of acting as an agent of a foreign government and 20 years in prison for each of the other counts. Abouammo later acknowledged the value of the watch was $42,000 when he offered it for sale on Craigslist. After the meeting in London, Abouammo began repeatedly accessing private information about several Twitter accounts, at least one of which was an influential account who was critical of members of the Saudi Royal Family and the government of the Kingdom of Saudi Arabia. Abouammo also continued to communicate with the official of the Kingdom of Saudi Arabia, including regarding the influential critical account. The account then received $100,000 from the official of the Kingdom of Saudi Arabia and Abouammo laundered the money by sending it into the United States in small wire transfers with false descriptions. On July 28, 2020, a federal grand jury returned a superseding indictment charging him with acting as an agent of a foreign government without providing notice to the Attorney General; conspiracy to commit wire fraud and honest services fraud; six counts of honest services fraud and wire fraud; international money laundering; and falsification of records in a federal investigation. The jury acquitted Abouammo of five of the counts pertaining to wire fraud and honest services fraud. In this case, the government demonstrated, and the jury found, that Abouammo violated a sacred trust to keep private personal information from Twitter’s customers and sold private customer information to a foreign government. A federal jury yesterday convicted a former Media Partnerships Manager for the Middle East/North Africa (MENA) region at Twitter of acting as a foreign agent without notice to the Attorney General, conspiracy, wire fraud, international money laundering, and falsification of records in a federal investigation. We remain dedicated to protecting the United States from all threats foreign and domestic, which includes efforts by foreign governments to stalk, harass, or intimidate the people within our borders.” Abouammo’s decision to accept bribes in exchange for providing to a foreign government the protected information of customers could have untold damaging consequences. When questioned about the accesses of Twitter user information and his receipt of bribes, Abouammo then lied to FBI investigators and falsified a document. In this position, Abouammo was responsible for protecting Twitter user information and owed Twitter his honest services. “The Northern District of California is home to many of the most innovative technology companies in the world,” said U.S. Attorney Stephanie M. Hinds for the Northern District of California. “One consequence of this good fortune is that companies in this district often collect and store vast amounts of data from customers and vendors.

Elon Musk's legal team is demanding that Twitter Inc turn over the names of employees responsible for calculating what percentage of the social media site's ...

Twitter and a lawyer for Musk declined to comment. Musk said last month he was terminating the deal because Twitter has withheld information about these accounts. Register now for FREE unlimited access to Reuters.com