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☆ Twitter shares to be suspended on NYSE as Musk nears takeover
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

Oct 27 (Reuters) - Twitter Inc (TWTR.N) shares will be suspended from trading on Friday, the New York Stock Exchange's website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to close his $44 billion deal for the social media platform. Musk, the world's richest person, visited Twitter's headquarters in San Francisco on Wednesday and hinted he was the company's top boss after updating his profile bio to "Chief Twit". The company's stock closed at $53.35 on the NYSE on Wednesday. They were up about 1% at $53.90 in extended trading, slightly below Musk's offer price. Reporting by Mrinmay Dey in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Musk wants Twitter to be 'most respected advertising platform'
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

Oct 27 (Reuters) - Elon Musk, who once tweeted "I hate advertising", said he wants Twitter Inc (TWTR.N) to be "the most respected advertising platform", in a bid to gain the trust of ad buyers ahead of the expected close of his $44 billion deal for the social media firm. Musk, Twitter co-founder Jack Dorsey and investors in the deal had previously suggested moving away from advertising and seeking revenue from subscriptions and other means. "There has been much speculation about why I bought Twitter and what I think about advertising. loading"Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand grows your enterprise." Musk also responded with "absolutely" to a tweet calling for top content creators on Twitter to be compensated similarly to other social media platforms.

SpaceX Chief Engineer Elon Musk takes part in a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. Tesla CEO Elon Musk is now in charge of Twitter , CNBC has learned. Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company's San Francisco headquarters and will not be returning, sources said. A Delaware Chancery Court judge eventually ruled that Musk had until Oct. 28 to cement the Twitter deal or head to trial. Musk arrived at the Twitter headquarters earlier this week carrying a sink, and documented the event on Twitter, saying "Entering Twitter HQ – let that sink in!"

☆ Top VCs view payments startups as 'inflation hedged.' Here's why they're so bullish on the space.
▼ + stars: | 2022-10-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

At least one sector is primed to thrive, according to some top investors in the space. Payments are a bright spot with potential for growth heading into 2023, according to nine fintech investors Insider surveyed. And while inflation has been a sore spot for nearly every startup, it is actually a potential benefit in the payments space, according to another investor. To read more about the five different payments trends VC investors see the most promise in, click here. Bloomberg details how top firms like Citadel and JPMorgan are designing office space on Park Avenue with plenty of perks.

☆ Dogecoin surges 35% as Elon Musk's Twitter deal approaches close
▼ + stars: | 2022-10-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Tesla CEO Elon Musk photographed in Austin, Texas, on April 7, 2022. Suzanne Cordeiro | AFP | Getty ImagesDogecoin , the cryptocurrency branded after a viral dog meme from 2013, is up 35% since Monday as Elon Musk's deal to buy Twitter approaches a close. Host Elon Musk during the monologue on Saturday, May 8, 2021. Will Heath | NBCUniversalThe Elon Musk effectIt isn't totally clear when or why dogecoin captured the heart of Elon Musk. Dogecoin isn't really a reliable store of wealth either, given that this typically requires a certain degree of long-term faith in the coin and the blockchain upon which it's been built.

☆ Elon Musk visits Twitter headquarters ahead of deal close deadline
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - Billionaire Elon Musk said on Wednesday he was entering Twitter Inc's (TWTR.N) San Francisco office, days ahead of a court-ordered deadline to close his $44 billion deal for the social media platform. said the caption to a video that Musk tweeted in which he was walking into the Twitter office carrying a sink in his hands. loadingTwitter confirmed Musk would visit the San Francisco office this week, but declined to comment further. The Tesla Inc (TSLA.O) CEO notified co-investors who committed to help fund the Twitter deal that he plans to close it by Friday, Reuters reported on Tuesday. Twitter shares were up about 1% at $53.31, just about $1 below Musk's offer price.

☆ Elon Musk tweets he is at Twitter's headquarters
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: 1 min

Oct 26 (Reuters) - Billionaire Elon Musk said on Wednesday he was entering Twitter Inc's (TWTR.N) San Francisco office, days ahead of a court-ordered deadline to close his $44 billion deal for the social media platform. Musk tweeted, "Entering Twitter HQ – let that sink in!" loadingEarlier in the day, Musk teased being the top boss of Twitter, after he updated his profile's bio to "Chief Twit". loadingTwitter did not immediately respond to a Reuters request for comment. Reporting by Eva Mathews in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk changes his Twitter bio to 'Chief Twit' ahead of rapidly approaching deadline to finalize deal
▼ + stars: | 2022-10-26 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Elon Musk changed his Twitter bio to "Chief Twit" on Wednesday. It could be a sign that he plans to appoint himself Twitter CEO once he purchases the platform. CNBC first reported in May that Musk was likely to name himself interim CEO after closing the $44 billion deal. But a lot has changed since May, so it's unclear if Musk plans to take on a temporary or permanent title, if any at all. Some of the released texts showed the falling out that led to Musk initially pulling out of the deal.

New York CNN Business —Elon Musk plans to visit Twitter’s San Francisco office this week ahead of the expected close of his deal to buy the company, Twitter Chief Marketing Officer Leslie Berland told staff in an email Wednesday. For everyone else, this is just the beginning of many meetings and conversations with Elon.”Berland added that all Twitter (TWTR) employees will hear directly from Musk on Friday. Musk on Wednesday also changed his Twitter bio to “Chief Twit.”Musk is likely to face many questions from nervous employees when he addresses Twitter’s staff. The Washington Post last week reported that Musk told prospective investors in the deal that he planned to cut nearly 75% of the company’s staff, and that Twitter had already planned massive layoffs even if the deal did not go through. Musk had previously discussed dramatically reducing Twitter’s workforce in text messages with friends about the deal, which were revealed in court filings, and didn’t dismiss the potential for layoffs in a call with Twitter employees in June.

☆ Elon Musk posted a video of himself entering Twitter's headquarters carrying a bathroom sink
▼ + stars: | 2022-10-26 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +2 min

Elon Musk shared a video of himself carrying a bathroom sink into Twitter's headquarters. Twitter staff were notified on Wednesday that the Tesla CEO would be in the office during the week. ET to close his $44 billion Twitter deal or face a trial. Musk captioned the video: "Entering Twitter HQ — let that sink in!" I'll be in the SF office shortly too, excited to see all of you!

☆ Elon Musk carried a sink into Twitter on Wednesday as deal nears close
▼ + stars: | 2022-10-26 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, May 2, 2022. Musk has until 5 p.m. Eastern Time on Friday to complete his deal to buy Twitter or again face the proposition of going to trial. A Delaware Chancery Court judge set the Friday deadline after Musk said he would be willing to buy Twitter after all. The judge ended up postponing the original trial set for last week and gave the parties until the end of this week to close to deal, or else she would set new trial dates for November. WATCH: How Elon Musk's Twitter takeover plans shook Wall Street and social media

Elon Musk's will-he-won't-he dance to buy Twitter has been going on for months. A purchase however appears to be near completion as Musk faces a Friday deadline to close a deal. The chaotic saga between Elon Musk and Twitter appears to be coming to end on Friday. Musk recently changed his Twitter bio to "Chief Twit" and changed his location to mark "Twitter HQ." If you're hazy on some of the events within that time period, we've compiled a full timeline of developments, from Musk tweeting a poop emoji at CEO Parag Agrawal to Twitter and Musk suing each other.

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