Twitter takeover to go forward after all, suggests Elon Musk

Twitter takeover - Twitter Logo

As the social media platform’s court date against the Tesla CEO approaches, he’s changed tacks. Technology news reports are showing that billionaire Elon Musk has changed his mind about backing out on his Twitter takeover and now intends to go ahead with it. The social media company’s shares spiked by 12.7 percent on the news of Musk’s decision. When Musk made an offer to purchase the San Francisco-based company for $54.20 per share, share prices immediately took off by nearly 13 percent, reaching $47.95 before the trading was stopped. Elon…

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Twitter Blue edit button testing to begin among certain subscribers

Twitter Blue - Mobile Phone with Twitter logos

The paid social media subscription service has only launched in the US, Canada, Australia and New Zealand. The new Twitter Blue edit button was announced last week and paid subscribers in the US, Canada, Australia and New Zealand will start being tested as early as the end of this month. The new feature will make it possible for users to ad or remove tags, edit tweets or reorder attached media. The Twitter Blue edit button will allow those changes to be made “a few times” within a half hour of…

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New Twitter status feature for individual tweets is being tested

Twitter Status - New Feature

The social media platform is testing another feature similar to old MySpace and LiveJournal statuses. A new Twitter status is being tested to allow users to tag posts with pre-created labels, not unlike the way old MySpace and LiveJournal platforms used to make available. A number of users have been reporting that they were able to use the new feature with an emoji. TechCrunch and MacRumors both reported that they had been hearing from users that were able to display a Twitter status represented by an accompanying emoji. The social…

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Twitter and Elon Musk will go to trial in October

Elon Musk - Trial - Court Room

A judge has ordered that the lawsuit between the billionaire and social media platform go to trial. Twitter is celebrating an early win with respect to its lawsuit against Elon Musk as a judge has ruled that there will be a five-day trial in October for the $44 billion acquisition agreement. The judge’s decision occurred following the closure of the case’s first hearing about expediting proceedings. Twitter filed the lawsuit last week, only days after Elon Musk announced that he would be terminating the deal for him to acquire the…

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Elon Musk faces lawsuit for backing out of $44 billion Twitter takeover

Twitter Takeover - Lawsuit

The Tesla and SpaceX founder cited issues with fake accounts as his reason for withdrawing. Elon Musk recently announced that he was abandoning his intentions for a Twitter takeover, claiming that the social media platform was in violation of the agreement they had made. On Tuesday, the social media company filed a court order in Delaware to require the completion of the deal. Twitter Inc. has sued Elon Musk for being in violation of the $44 billion Twitter takeover deal. The lawsuit included a request that a Delaware court order…

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