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☆ Meet the members of Congress who've traded stock in Elon Musk's companies during 2022
  + stars: | 2022-10-28 | by ( Madison Hall | ) www.businessinsider.com   time to read: +1 min
After formally acquiring Twitter on Thursday, Elon Musk now leads two companies — Twitter and Tesla — with popular stock. Insider found that a dozen members of Congress or their spouses traded stocks in one or both companies in 2022. After completing his purchase of Twitter on Thursday, serial entrepreneur Elon Musk — the wealthiest person in the world — is now the leader of two publicly-traded companies: Tesla and soon-to-be-private Twitter. Insider found that at least 12 members of Congress or their family members personally traded stocks in Twitter or Tesla in 2022. Here are the 12 members of Congress who reported stock trades in Twitter and Tesla in 2022, according to an Insider analysis of lawmakers' personal financial disclosures filed with Congress:
☆ Twitter layoffs under Elon Musk are "rumors," the company says
  + stars: | 2022-10-21 | by ( David Ingram | Ben Collins | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com   time to read: +2 min
SAN FRANCISCO — Twitter is telling employees not to believe “rumors” that nearly 75% of them could lose their jobs if Elon Musk eventually takes over the company's owner. “Please know, as we get closer to deal close, there will continue to be tons of public rumors and speculation,” Edgett wrote. There have been no plans for company-wide layoffs since then, he said. A Twitter spokesperson confirmed that the content of the email is accurate. It’s unclear when Musk’s purchase of Twitter might be finalized.
☆ Twitter CEO and Elon Musk depositions did not begin Monday, despite earlier filings in acquisition dispute
  + stars: | 2022-09-26 | by ( Brian Fung Clare Duffy Donie O'Sullivan | Brian Fung | Clare Duffy | ) edition.cnn.com   time to read: +4 min
Earlier court filings had indicated Musk would be deposed starting on Sept. 26, while a filing Saturday said Agrawal was also due to be questioned starting Monday morning. That day, Musk’s team learned of Agrawal’s rescheduling, the person said. Agrawal’s deposition could be a chance for Musk’s team to question him about Zatko’s whistleblower allegations. Agrawal also turned down an invitation to testify at a Senate committee hearing alongside Zatko earlier this month citing the litigation with Musk, according to Sen. Chuck Grassley. Twitter and Musk are set to go to trial over the acquisition dispute in mid-October.
☆ Twitter terminates its political action committee and donates leftover money to 2 charities that promote diversity and inclusion
  + stars: | 2020-10-22 | by ( Dave Levinthal | ) www.businessinsider.com   time to read: +5 min
Twitter has closed its political action committee and donated its surplus cash — more than $117,000 — to a pair of charities. Of the charities benefiting from Twitter's money, one focuses on engaging Latinos in the political process, and the other works to "eliminate racial discrimination, champion social justice, and improve race relations" in sports. "This funding will be used to further our mission of promoting full, nonpartisan participation of Latinos in the American political process, from citizenship to public service," Vargas said. To better support and defend our users, Twitter has created #PAC." Despite axing its PAC, Twitter still maintains a robust lobbying presence in Washington, DC.
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