Billionaire Tesla CEO Elon Musk may have changed his mind about paying so much for Twitter. But it's not so easy to walk away from the legal agreement he signed.
Elon Musk addressed Twitter employees for the first time since striking a deal to buy the social network for $44 billion. He did not say whether he was having second thoughts.
The world's richest man, who has run afoul of regulators before, is in their sights again as he tries to buy Twitter. It's raising questions about the SEC's ability to police the rich and powerful.
Federal regulators accuse the company of violating a 2011 agreement over the treatment of users' personal data, including phone numbers and email addresses.
Tech industry groups are urging the Supreme Court to block a Texas law barring social media companies from removing posts or banning users based on political viewpoints
Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam.
The Tesla and SpaceX mogul said he needs to make sure the fake accounts "do indeed represent less than 5%" of Twitter's users, as the company has estimated.
Tesla shares dropped 12.2%, wiping out more than $125 billion off its market value, over worries about how it would be impacted as Elon Musk looks to complete his takeover of Twitter.
Before Twitter accepted Musk's $44 billion offer, he has floated numerous ideas for changing the social network. Not all of those proposals have been welcomed by experts.
The Tesla CEO says that the money to buy Twitter would come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric car maker.
