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☆ Billionaire Tesla bull Ron Baron promised multiples on $100 million Twitter investment
▼ + stars: | 2023-02-07 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Billionaire Ron Baron was promised he would make "two to three times" his money when he invested $100 million in Tesla CEO Elon Musk's take-private deal for Twitter, Baron said Tuesday on CNBC's "Squawk Box." Baron has long been bullish on Tesla, telling CNBC's Becky Quick that Musk made Baron "$5 billion so far, on a $400 million investment." In 2021, the billionaire investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Baron's $100 million Twitter investment was predicated on his longtime faith in Musk as an executive and in his marketing expertise. "Everyone else spends $1,000 to market a car, he spends nothing, because everyone knows Twitter."

☆ Billionaire Tesla bull Ron Baron says Musk suggested he would make multiples on his $100 million Twitter investment
▼ + stars: | 2023-02-07 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Baron has long been bullish on Tesla, telling CNBC's Becky Quick that Musk made Baron "$5 billion so far, on a $400 million investment." In 2021, the investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested he would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter . Baron's $100 million Twitter investment was predicated on his longtime faith in Musk as an executive and in his marketing expertise, he said. Correction: Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested Baron would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter.

☆ Elon Musk says his last 3 months were 'extremely tough' because he had to 'save Twitter from bankruptcy'
▼ + stars: | 2023-02-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk said Sunday he'd had an "extremely tough" three months. He said he'd had to "save Twitter from bankruptcy" while "fulfilling essential Tesla & SpaceX duties." Musk was responding to a report in The Wall Street Journal about his workload, health, and sleep. The billionaire tweeted Sunday that he'd had to "save Twitter from bankruptcy" while "fulfilling essential Tesla & SpaceX duties," adding: "Wouldn't wish that pain on anyone." Musk completed his $44 billion acquisition of Twitter in October, having tried for months to back out of the deal.

☆ Twitter sued over $1.9 million invoice that advisory firm Innisfree M&A claims went unpaid
▼ + stars: | 2023-02-05 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Innisfree M&A claims it was hired to facilitate communications between Twitter and shareholders last year. After Musk's acquisition was finalized, Innisfree sent Twitter an invoice for $1.9 million, which was "processed" a month later. The suit claims Twitter has not responded to Innisfree's invoice and letters since December. The lawsuit is the latest in a string of recent legal and regulatory challenges filed against Twitter, including accusations of unpaid rent, and another unpaid bill from a private jet company, among others. Another San Francisco landlord sued over about $130,000 in unpaid rent in early January, and a real estate company belonging to King Charles III also sued Twitter over unpaid rent at a London office.

☆ King Charles III's $19 billion real estate firm is taking legal action against Elon Musk's Twitter over unpaid rent
▼ + stars: | 2023-01-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter faces legal action from the Crown Estate, which manages properties owned by King Charles III. Insider understands that the estate has begun legal proceedings against Twitter over its London offices. King Charles is the ultimately owner of the estate, though has little day-to-day involvement. In December 2022, The New York Times reported that Twitter hadn't paid rent on any of its offices for weeks. The Crown Estate manages $19.2 billion worth of properties including 241 in central London, according to its most recent annual report.

☆ Elon Musk says Twitter now has 2,300 'active, working employees' – and just 10 are from his other companies
▼ + stars: | 2023-01-21 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk disputed a tweet and said Twitter now has 2,300 "active, working employees". Some staff from other Musk companies such as Tesla and SpaceX were brought in when he took over. "There are ~2300 active, working employees at Twitter," he wrote. "There are still hundreds of employees working on trust & safety, along with several thousand contractors." Musk also took issue with that figure, tweeting that "less than 10 people from my other companies are working at Twitter."

☆ A Malodorous Musk: Twitter employees beg for toilet paper and report a wafting stench on Slack as Elon Musk cuts back on office facilities staff
▼ + stars: | 2023-01-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

The company's office in New York is without maintenance staff, leaving bathrooms uncleaned. Toilet paper is nowhere to be found in the office, said these people, who asked not to be identified discussing noxious topics. Meanwhile, Musk still requires nearly everyone to work in the office five days a week. In recent weeks, Musk has been reducing Twitter expenses more than many remaining employees expected, purportedly in an effort to save the company. One worker in the New York office said the lack of basic office necessities like toilet paper was "just bad" and further affecting already low morale at the company.

☆ Twitter employees have been bringing their own toilet paper to the office after janitorial services were cut, report says
▼ + stars: | 2022-12-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Bathrooms at Twitter's San Francisco HQ are dirty amid a lack of janitors, per the New York Times. Twitter failed to negotiate a new contract with a janitorial company after they went on strike. The company's San Francisco headquarters have been left with dirty bathrooms and the office is in disarray, per the publication. The company didn't negotiate a new contract with Flagship, the janitorial company that employs them, according to unions. The Boring Company's CEO Steve Davis, who reportedly slept at Twitter's headquarters with his partner and newborn baby, is supervising the cost-cutting exercise.

☆ Elon Musk makes Twitter visitors wait for more than an hour – and they cannot speak before being spoken to, report says
▼ + stars: | 2022-12-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Twitter visitors often wait more than an hour to speak to Elon Musk, The Washington Post reported. They're told not to speak before Musk, who sometimes watches videos in meetings, per WaPo. It added that visitors must wait to see Musk in an area next to the 10th-floor conference room that the CEO works from. A person close to Musk told The Post that he was "uncovering and solving and programming all night." Musk has previously told staff that Twitter 2.0 would be "extremely hardcore" and would involve working "long hours at high intensity."

☆ Elon Musk turned some Twitter offices into bedrooms - take a look
▼ + stars: | 2022-12-26 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +1 min

Elon Musk turned some office space at Twitter's San Francisco headquarters into sleeping quarters. Take a look inside some of the sleeping quarters, including what appears to be Musk's bedroom. That attracted the attention of the San Francisco Department of Building Inspection, which told Insider it was investigating the reports. Musk was not impressed, tweeting: "So city of SF attacks companies providing beds for tired employees instead of making sure kids are safe from fentanyl. Take a look inside the office space that's been turned into bedrooms.

☆ The CEO of Elon Musk's Boring Company who reportedly slept at Twitter HQ with his wife and baby once owned a bar called 'Thomas Foolery'
▼ + stars: | 2022-12-24 | by ( Aaron Holmes | Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk's Boring Company aims to build a network of road tunnels under major cities. Davis reportedly slept at Twitter HQ with his wife and baby after Elon Musk sought his help. Musk also owns The Boring Company, which has built a reputation for offbeat stunts. Before working for Musk, Davis founded a frozen yogurt shop and a bar that accepts bitcoin, among other ventures. Boring Company has faced scrutiny, especially in Chicago and Las Vegas, where it aimed to build its first tunnels.

☆ Musk's Twitter reportedly hasn't paid rent on its office spaces for weeks
▼ + stars: | 2022-12-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Twitter has not paid rent for its global offices or San Francisco headquarters in weeks, the report said, as Musk's team has been trying to renegotiate the terms of the company's lease. Musk has also revamped Twitter's subscription service, Twitter Blue, with the hope of generating fresh revenue for the company. Twitter Blue costs $8 a month for web users and $11 a month for iOS users who purchase it through Apple's App Store. Blue users will also be able to edit tweets and get early access to new features. He said the new verification system will be "the great leveler" and give "power to the people."

☆ A private jet company is suing Elon Musk's Twitter, alleging it's trying to dodge a nearly $200,000 bill
▼ + stars: | 2022-12-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

A private jet company sued Twitter, alleging breach of contract and failure to pay for two flights. The flights were "urgent" and authorized ahead of Elon Musk's takeover, the lawsuit said. The publication was the first to report on PJS' lawsuit against Twitter, which was filed in the US District Court of New Hampshire. The private jet company later sent Twitter a bill for the two flights in early November, but alleges Twitter never paid. PJS said Twitter breached its contract by refusing to pay "under circumstances that make it reasonable for PJS to expect payment."

☆ From an industrial-sized pizza oven to a statue of the Twitter bird, here are all the weird things you can buy from Elon Musk's Twitter fire sale
▼ + stars: | 2022-12-10 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Twitter will be getting rid of hundreds of surplus office supplies in a January auction. The items being auctioned off include kitchen appliances, Twitter sculptures, and office chairs. The company is cleaning out perhaps some of its most — and least — interesting items in an auction next year. The auction comes at a time when Twitter CEO Elon Musk is reducing expenses after purchasing the social media platform for $44 billion. The auction items also include tons of industrial kitchen equipment, including refrigerators and pizza ovens, dozens of display screens, iMac monitors, and gray swivel office chairs.

☆ SpaceX, Tesla, and Boring Company execs are helping Elon Musk at Twitter, records reveal
▼ + stars: | 2022-12-08 | by ( Lora Kolodny | ) www.cnbc.com time to read: +6 min

Ever since, he has enlisted high-ranking executives and engineers from his other businesses, including SpaceX, Tesla and The Boring Company, to help out at the social media company, according to internal records obtained by CNBC and conversations with recent Twitter employees. Musk has also enabled partners from investment firms who participated in the Twitter buyout access to work within the social media company. In his testimony, Musk characterized Tesla employees' work for him at Twitter as "just a voluntary thing." He also said: "This was sort of an after-hours, just if you're interested in evaluating the -- helping me evaluate Twitter engineering, that would be nice. In addition to Tesla employees, Musk has also enlisted execs and employees from SpaceX, the reusable rocket and satellite internet services company he founded in 2002, to help him at Twitter.

☆ Elon Musk posts pictures of his 2-year-old son, X, visiting Twitter HQ — including one with his own employee badge
▼ + stars: | 2022-12-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Elon Musk posted a photo of his son "X" near Twitter's headquarters in San Francisco. Musk posted the photo, following reports of workers sleeping in Twitter's office. It's not the first time that Musk has brought X to Twitter's office. Grimes previously told Vanity Fair that Musk sees X as a "protégé" and often brings him along to work events. In the past, Musk's son has tagged along to award ceremonies and major presentations.

☆ Take a look at the office space that Elon Musk turned into bedrooms at Twitter's headquarters
▼ + stars: | 2022-12-08 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk turned some office space at Twitter's San Francisco headquarters into sleeping quarters. Take a look inside some of the sleeping quarters, including what appears to be Musk's bedroom. That has attracted the attention of the San Francisco Department of Building Inspection, which told Insider it was investigating the reports. His decision to have some employees sleep at the office comes after one worker tweeted a picture of his boss in a sleeping bag and mask on Twitter's office floor on November 2, shortly after Musk took control. Take a look inside the office space that's been turned into bedrooms.

☆ Elon Musk defends installing bedrooms at Twitter HQ, saying he's merely 'providing beds for tired employees'
▼ + stars: | 2022-12-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk has defended his decision to install bedrooms in Twitter's San Francisco HQ. Musk said he's simply "providing beds for tired employees." San Francisco has reportedly launched an investigation into the installation of the bedrooms. Twitter employees on Monday discovered some offices and conference rooms at Twitter HQ had bare mattresses and curtains inside, two anonymous people with knowledge of the matter told Forbes. Representatives for Twitter and the San Francisco Department of Building Inspection did not immediately respond to Insider's requests for comment, made outside normal working hours.

☆ Elon Musk has hired two of his cousins to work at Twitter
▼ + stars: | 2022-12-07 | by ( Sam Tabahriti | Kali Hays | ) www.businessinsider.com time to read: +2 min

Elon Musk hired two cousins to work at Twitter, two people familiar with the matter told Insider. Elon Musk took over Twitter in late October and has since laid off thousands of staff. His cousins James Musk and Andrew Musk – sons of the billionaire's uncle on his father's side – now appear to be full-time Twitter employees. Andrew Musk works on software-engineering projects, while James Musk is more of as "a fixer type," helping Elon Musk on various tasks, one insider said. Since Elon Musk took over Twitter in late October, about 70% of the 7,500-strong workforce staff have been laid off, fired or resigned.

☆ Elon Musk converts some Twitter offices into bedrooms at San Francisco HQ in light of 'hardcore' ultimatum, report says
▼ + stars: | 2022-12-06 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk has fitted out Twitter's San Francisco headquarters with bedrooms, sources told Forbes. A trash can in one of the office bedrooms already had waste inside, indicating that an employee had used the amenities, the source added. "People are already putting in late nights, so it makes sense to an extent," the source told Forbes. Twitter failed to announce or explain the reasons behind the new office bedrooms to employees, one person familiar with the situation told Forbes. "It's not a good look," one source told Forbes.

☆ Some Twitter staff on H-1B visas and parental leave were fired in Elon Musk's pre-Thanksgiving purge, a former engineer says
▼ + stars: | 2022-11-25 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

A Twitter engineer of three years said Elon Musk's "Twitter 2.0" team fired him before Thanksgiving. He said he was on a H-1B visa and many workers on "parental leave" had also been fired. Yiwei Zhuang, a software engineer of three years at Twitter, said his "employment is terminated immediately with no reason today by Elon's Twitter 2.0 team before Thanksgiving." Zhuang was one of roughly 700 employees on H-1B visas at Twitter prior to Musk laying off 50% of the company. Many H-1B workers were affected and are struggling to find roles to stay in the US.

☆ Elon Musk tells remaining Twitter employees no more layoffs 'planned' and HQ will not move to Texas
▼ + stars: | 2022-11-21 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Elon Musk held another meeting with Twitter employees. Musk gave remaining Twitter employees tidbits of good news during an all-hands meeting on Monday at Twitter's San Francisco headquarters, according to two people present. One employee who made it through Musk's layoffs and a spate of firings of perceived critics said Musk's comments were met with "some relief." Musk also said during the meeting he "does not intend" to move Twitter's headquarters to Texas from San Francisco. Twitter employees were also told that part of their future compensation plans under Musk will include stock grants and be offered and paid out as they are with employees at SpaceX.

☆ Elon Musk posts pictures with engineers as they leave a Twitter 'code review' at 1:30 a.m.
▼ + stars: | 2022-11-19 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk posted pictures with engineers at Twitter's San Francisco offices early on Saturday. The billionaire emailed engineers on Friday to ask for help from those who can "write software." "Just leaving Twitter HQ code review," the billionaire wrote in a Saturday tweet at about 1:30 a.m. PT. In a series of emails sent about 24 hours earlier, Musk asked to meet with "anyone who actually writes software" on Friday afternoon. Musk told employees to decide by Thursday afternoon whether to sign up for his "extremely hardcore" version of "Twitter 2.0" or resign.

☆ Elon Musk calls for 'anyone' left at Twitter who can write software to meet him and help him 'better understand' Twitter's tech
▼ + stars: | 2022-11-18 | by ( Kali Hays | ) www.businessinsider.com time to read: +2 min

Twitter employees resigned en masse on Thursday in response to an earlier ultimatum from Musk. Musk is now calling for "anyone who actually writes software" at the company to meet him on Friday. In a set of emails sent around midnight PT, Musk asked to meet with "anyone who actually writes software" on Friday afternoon. The email came after a mass resignation on Thursday saw hundreds of Twitter employees resign in response to an ultimatum Musk offered earlier in the week. Below are complete copies of Musk's emails to Twitter staff:Anyone who actually writes software, please report to the 10th floor at 2 pm today.

☆ Some Twitter staff hung up on Elon Musk as he tried to persuade them to stay during a last-minute video call
▼ + stars: | 2022-11-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk and his team were taken off guard by the number of staff who chose to take severance. With the workforce now 73% smaller than before his takeover, he tried to persuade key staff to stay. But as a deadline for staff to commit to the company hit, some hung up on Musk during a video call. Nobody was offered more money, but staff were urged to be excited about Musk's "vision" and Twitter's future potential, Insider previously reported. Insider reported that less than half of Twitter's remaining employees signed up to Musk's vision to "build a breakthrough Twitter 2.0."

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