It was followed by chief executive Parag Agrawal urging users to “ vote carefully ”.... In less than three hours of starting the poll, more than 1.2 million users voted, with over 75% of them backing an edit option. Last week, in another poll, Musk had asked if Twitter alogrithm should be open source.... He has already sold US$ 16. 4bil( RM69. 2bil) worth of shares since then.A regulatory filing on Monday showed that Musk owns 73.5 million Twitter shares, which are held by the Elon Musk Revoca

Musk, who currently owns about 9% of the company, last week disclosed an offer of about$ 43 billion, or$ 54.20 per share. Twitter’s next likely move is to formally reject Musk’s offer, although it could negotiate.... The filing says the shareholder rights agreement should not interfere with any merger or offer approved by the board. Although he said his offer was “ final, ” Musk may have to raise his bid to satisfy other shareholders.... Al Waleed bin Talal said he didn’t believe$ 43 billion i

Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his$ 44 billion takeover of the social media company before 2025.In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders, including his financial adviser Morgan Stanley and Twitter founder Jack Dorsey, to support the buyout. The fund said those agre

SAN FRANCISCO--Twitter said Monday it will pay$ 809.5 million to settle a consolidated class action lawsuit alleging that the company misled investors about how much its user base was growing and how much users interacted with its platform. The San Francisco company said the proposed settlement, which must still be signed off by a judge, resolves all claims against it without Twitter admitting any wrongdoing.... The original lawsuit filed in 2016 by Twitter investor Doris Shenwick claimed that

ELON Musk said, and later backed it up with a tweet, that he wants to retain as many of Twitter Inc’s shareholders as possible if he’s successful in his bid to take the social-media network private.... Offer is low and no shareholders will take it.... Elon is being opportunistic as Twitter management is weak.” The potential take-private deal would value the company at roughly US$ 43bil( RM182. 08bil)....

SAN FRANCISCO: Elon Musk, Twitter’s newest big shareholder, could alter the course of the social media company as management battles a set of proxy proposals focused on topics from civil rights to politics at its upcoming annual meeting, shareholder activists and corporate governance experts said. Whatever the outcome of Musk’s$ 43 billion bid to buy Twitter outright announced on Thursday, investors with opposing political views described the billionaire entrepreneur as likely to work to undo so

KUALA LUMPUR: Nine directors from the existing board of Caely Holdings Bhd were removed, while four new directors have been appointed at an EGM yesterday. The lingerie maker said in a statement that a total of 135 million shares out of the 258 million issued shares( representing 52%) voted in favour at the EGM. One existing non-executive non-independent director, Datin Fong Nyok Yoon, remains on the board. The newly appointed directors are Leong Seng Wui, Datuk Kang Chez Chiang, Ng Keok Chai and

Twitter said the plan doesn’t prevent the board from negotiating or accepting an acquisition proposal if it’s in the company’s best interests.“ They’re gearing up for a battle here with Musk," said Daniel Ives, an analyst for Wedbush Securities.... Rally shareholders to kick out the board might be more doable but also presents challenges to Musk, Coffee said. Musk’s offer already faced resistance before Twitter threw its Friday counterpunch.A Saudi prince who is among Twitter’s major shareholde

The AGM was conducted on a virtual basis for the second time. MGB executive vice-chairman Tan Sri Lim Hock San said: “ We are delighted to have received the support of our shareholders and achieved a positive outcome at our AGM.... This year has been a tumultuous year with geopolitical issues and inflation being the common enemy of construction companies. MGB Construction “ Nevertheless, we will push on strong and continue to deliver our projects.... In addition, it has also built more than 5,

KUALA LUMPUR: Nine directors from the existing board of Caely Holdings Bhd were removed, while four new directors have been appointed at an extraordinary general meeting( EGM) today. The lingerie maker, in a statement, said a total of 135 million shares out of the 258 million issued shares( representing 52%) voted in favour at the EGM. ALSO READ: Caely working to unfreeze bank accountsOne existing non-executive non-independent director, Datin Fong Nyok Yoon remains on the board. The newly appoin