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Musk says X hit by major cyberattack

[SAN FRANCISCO] Elon Musk said X was hit on Monday by a major cyberattack, raising questions as to whether the politically divisive billionaire is being targeted or his decision to gut staff at what w...

In a complaint filed in Washington, D.C. federal court, the US Securities and Exchange Commission said Elon Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5 per cent of Twitter’s common shares.

US SEC sues Elon Musk over late disclosure of Twitter stake

ELON Musk was sued on Tuesday by the US Securities and Exchange Commission, which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, th...

The change is the latest in a series of updates Elon Musk has made to the platform since buying it for US$44 billion in 2022. 

Why X is hiding which posts you ‘like’ from other users

USERS of Elon Musk’s X can no longer see which social media posts their fellow X users “like.” X’s engineering team said the change is meant to protect user privacy. 

Offices for Twitter in San Francisco, on Oct. 6, 2022.

Big Tech, big layoffs – the tally so far

This story and chart was updated on May 17, 2023.

Elon Musk is also in the middle of a regulatory probe to determine whether he broke federal securities laws in 2022 when he bought stock in social media platform Twitter, which he later renamed X. 

Tesla shareholder sues Musk for alleged US$7.5 billion insider trading

A TESLA shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billion...

The investigation concerns whether Elon Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X.

Elon Musk ordered to testify again in US SEC probe of Twitter takeover

A US Federal court ordered on Tuesday that Elon Musk must testify again in the US Securities and Exchange Commission’s investigation into his US$44 billion takeover of Twitter.

Elon Musk terminated former Twitter CEO Parag Agrawal, former chief legal officer Vijaya Gadde and former chief financial officer Ned Segal  from their posts in late October of 2022 after closing his contentious US$44 billion takeover of Twitter.

Ex-Twitter executives sue Musk for unpaid severance

FORMER top executives of Twitter sued Elon Musk on Monday saying he has failed to pay them nearly US$130 million after the billionaire took over the social media company and dismissed them.

Twitter had over 7,000 employees at the end of 2021, according to a regulatory filing and a quarter of the headcount amounts to nearly 2,000 employees.

Twitter to lay off 25 per cent of workforce in first round of job cuts: Washington Post

TWITTER, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be a first round of layoffs, the Washington Post reported o...

Elon Musk’s objections to the latest deposition include an accusation that the SEC is using its power to “harass” him, says the commission a filing.

Judge orders Elon Musk to answer to regulators in Twitter/X probe

A US judge has ordered Elon Musk to comply with a subpoena to answer questions from regulators about his purchases of Twitter shares last year.