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☆ Elon Musk's team seeks new investors for Twitter - Semafor
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - The managing director of Elon Musk's family office is seeking new equity investors for Twitter, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Musk's money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October, according to the report. Twitter and Musk did not immediately respond to Reuters requests for comments. Musk sold another $3.6 billion worth of shares in Tesla Inc (TSLA.O) earlier this week, making it nearly $40 billion worth of shares in the electric-vehicle company sold this year. Ross Gerber, a Tesla investor who said he put less than $1 million in Musk's original takeover of Twitter, confirmed that he was contacted Thursday evening about another funding round, Semafor reported.

☆ 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 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 keeps bringing in new people to Twitter, like 'enthusiastic' interns, cousins, and even Bari Weiss
▼ + stars: | 2022-12-07 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

CEO Elon Musk has made some dramatic changes to Twitter since taking over five weeks ago. Roughly 150 people are still working at Twitter at Musk's behest from his other companies and ventures, according to two people familiar with the company. Musk's hires at TwitterTwo of Musk's cousins, James and Andrew Musk, appear to now be acting as full-time Twitter employees, both of the people familiar said. Weiss was in the San Francisco office that evening, speaking and "laughing with" Musk, two employees said. Now, Weiss has been given access to Twitter's employee systems, added to its Slack, and given a company laptop, two people familiar with her presence said.

☆ Elon Musk keeps bringing in new people to Twitter, like enthusiastic interns, cousins, and even Bari Weiss
▼ + stars: | 2022-12-07 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

CEO Elon Musk has made some dramatic changes to Twitter since taking over five weeks ago. Roughly 150 people are still working at Twitter at Musk's behest from his other companies and ventures, according to two people familiar with the company. Musk's hires at TwitterTwo of Musk's cousins, James and Andrew Musk, appear to now be acting as full-time Twitter employees, both of the people familiar said. Both men work daily at Twitter offices, with Andrew Musk working on software-engineering projects and James Musk seen more as "a fixer type," one of the people said, helping Musk out with various needs and tasks. Weiss was in the San Francisco office that evening, speaking and "laughing with" Musk, two employees said.

☆ Elon Musk's business confidants are sleeping in new bedrooms at Twitter HQ that have been converted from unused offices. Musk is having one made for him.
▼ + stars: | 2022-12-06 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Twitter HQ in San Francisco now has dozens of bedrooms that have been converted from unused offices. The change is an effort by Elon Musk to save costs when people come to work from out of town. Bedrooms complete with private showers and TV have arrived at Twitter HQ as Elon Musk continues to look for ways to reduce expenses. Dozens of unused offices in the San Francisco building have been turned into bedrooms over the last several days, two people familiar with the changes said. The billionaire has mentioned in emails and in all-hands meetings with Twitter employees that the company is in a "challenging" financial position.

☆ Meet the members of Elon Musk's inner circle said to be helping him fix Twitter
▼ + stars: | 2022-11-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Picked from Musk's inner circle of allies, friends, and ex-colleagues, these are the people reportedly helping him fix Twitter. Three days after Musk's acquisition, Krishnan tweeted that he was temporarily "helping out" Musk after the takeover. Sources told Insider he was listed on Twitter's company directory as a staff software engineer and was assigned a company email address. Bloomberg reported that Birchall played a key part in securing the financing for Musk's Twitter purchase. Over the past week, Musk's right-hand man has also been among the team strategizing inside Twitter, per The Washington Post.

Elon Musk seems determined to remake Twitter in his own image — with some help from the men in his trusted inner circle. They are joined in Musk’s orbit by Alex Spiro, a trial attorney with a roster of celebrity clients who reportedly led the first round of Twitter layoffs. Bloomberg reported Wednesday night that Twitter is preparing to eliminate about 3,700 jobs, or roughly half its workforce. Musk's personnel decisions suggest a possible road map for the future of Twitter, one in which policies and internal rules are drawn at least in part from the views of Musk’s consiglieres. Sacks, Calacanis, Spiro and Birchall did not immediately respond to questions about the company’s future and the nature of their roles there.

☆ Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover
▼ + stars: | 2022-10-31 | by ( Lora Kolodny | ) www.cnbc.com time to read: +7 min

Nurphoto | Nurphoto | Getty ImagesNew Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, into his Twitter takeover, CNBC has learned. At Twitter, Musk is counting on his lieutenants and loyalists to decide who and what to cut or keep at the social network. It is not immediately clear how Tesla employees are expected to split their schedules between the automaker and Twitter. Typically, when Tesla employees work for other Elon Musk ventures, usually SpaceX or the Boring Company, they can get paid by the other venture as a consultant. Employees say Musk wants that work done by the first week of November.

☆ IEA says clean energy investment may exceed $2 trillion a year by 2030 — but it's not enough
▼ + stars: | 2022-10-27 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

Clean energy investment could be on course to exceed $2 trillion per year by 2030, according to the International Energy Agency. Ben Birchall | PA Images | Getty ImagesClean energy investment could be on course to exceed $2 trillion per year by 2030, an increase of over 50% compared to today, according to analysis from the International Energy Agency. The projection is found within the Paris-based organization's World Energy Outlook 2022, which was published on Thursday morning. Despite this increase, the IEA repeated its assertion that clean energy investment would still need to hit over $4 trillion by 2030 in its Net Zero Emissions by 2050 Scenario. The newest edition of the World Energy Outlook comes at a time of significant uncertainty and volatility in global energy markets.

Wall Street banks committed to helping Elon Musk finance his $44 billion takeover of Twitter stand to $500 million in the process, by some estimates. One of Musk's banks has even told its staff to expect a borrowing notice from Musk by today, Bloomberg reported. But don't feel sorry for the banks just yet — a group that comprises Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. The group consists of Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. Birchall's eldest son Benjamin even interned at Morgan Stanley for his ex-colleagues Frank Malone and Jon Neuhaus in the summer of 2021.

☆ Twitter, Musk Spar Over Legal Preparations as Trial Date Looms
▼ + stars: | 2022-09-26 | by ( Erin Mulvaney | Alexa Corse | ) www.wsj.com time to read: 1 min

Elon Musk and his team have sought a range of information from Twitter, including employee communications and data related to spam and fake accounts. Twitter and Elon Musk continue to jockey for preliminary legal advantage ahead of a trial on their soured $44 billion marriage, as the presiding judge has signaled she wants to keep the case focused on the contractual agreement between the two sides. With an Oct. 17 trial date in Delaware court approaching, both sides’ legal teams are building their cases through expert reports and sworn testimony. Twitter’s co-founder and former Chief Executive Jack Dorsey and Jared Birchall , head of Mr. Musk’s family office, were scheduled to be interviewed by lawyers last week. Mr. Musk is scheduled to sit for a deposition beginning Monday.

☆ Twitter, Elon Musk Spar Over Legal Preparations as Trial Date Looms
▼ + stars: | 2022-09-26 | by ( Erin Mulvaney | Alexa Corse | ) www.wsj.com time to read: 1 min

☆ Elon Musk's legal team is frustrated after Twitter's CEO cancels his deal deposition on short notice
▼ + stars: | 2022-09-26 | by ( Kali Hays | ) www.businessinsider.com time to read: +2 min

Parag Agrawal canceled an interview with Elon Musk's lawyer the day before it was set to take place. Musk is expected to be interviewed later this week as part of the ongoing lawsuit. The Twitter CEO was set to be interviewed for 10 hours in San Francisco on Monday in a deposition scheduled to start at 9 am local time. Agrawal was to be questioned at length by Musk's New York-based lawyer Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan. On Sunday, lawyers for Twitter emailed Musk's side to cancel Agrawal's deposition, citing "personal reasons."

The company’s lawyers will also depose Musk lieutenant Jared Birchall and lawyer Alex Spiro in the coming days, Tuesday filings show. News of the deposition plans comes as Twitter co-founder and former CEO Jack Dorsey is set to be deposed Tuesday by lawyers for the company and Musk. The new depositions are the latest sign that the legal battle between Musk and Twitter (TWTR) is heating up. The judge overseeing the acquisition dispute has ruled that Musk could add to his claims based on Zatko’s disclosure. Twitter has also subpoenaed Musk and a number of his associates as part of its case.

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