Over the weekend, a prominent personality in the bitcoin and blockchain sector, Bruce Fenton, addressed Jack Dorsey, CEO of Block, Inc., through a post on the social media platform X. Fenton asserts that Dorsey owes an explanation, as Twitter’s senior leadership has faced accusations of orchestrating one of the most significant acts of censorship in […]
X Valued at $19 Billion a Year After Musk Bought Twitter for $44 Billion, Reports
Social media company X is now worth less than half of what Elon Musk paid for Twitter, according to internal documents quoted by the press. The billionaire investor purchased the platform, Twitter at the time of acquisition, for $ 44 billion last October. He has previously admitted to overpaying for it. Social Media …
SEC Sues Musk to Make Him Testify in Twitter Takeover Investigation
U.S. Securities and Exchange Commission (SEC) is trying to force Elon Musk to testify in its probe into his purchase of Twitter, now X. After some back and forth, the billionaire investor bought the social media platform for $ 44 billion in October 2022 and the SEC’s probe is focused on Twitter shares he …