Elon Musk increases direct contribution to buy Twitter to $33.5 billion
Steph Deschamps / May 26, 2022
Elon Musk raised the amount contributed directly by the entrepreneur and his partners for the Twitter buyout to $33.5 billion, further lowering the amount borrowed from banks.
Tesla's chief executive, who had initially subscribed for 25.5 billion in loans, lowered those loans to $13 billion, according to a document filed Wednesday with the U.S. Securities and Exchange Commission (SEC), significantly easing its financial burden.
The U.S. Department of Justice announced Wednesday that it has reached a settlement with Twitter that includes a $150 million fine and obligations for the social network to better respect the privacy of personal information.
Authorities accuse the platform of misleading its users from 2013 to 2019 by hiding that it was using their personal data to help companies send them targeted advertising.
Related Posts
Storm Elliott wreaks havoc in the U.S.: at least 32 people lost their lives, many Americans spend Christmas without power
Eva Deschamps / December 26, 2022
Winter storm Elliott has killed at least 32 people in the United States, several ...
Read More
They met on social networks: 8 teenagers suspected of stabbing a man to death in Canada
Eva Deschamps / December 22, 2022
Eight teenage girls have been charged with murder on suspicion of fatally assaul...
Read More
Japanese billionaire Maezawa unveils his crew of artists for a trip around the Moon
Steph Deschamps / December 10, 2022
Japanese billionaire Yusaku Maezawa gave Thursday the list of eight people who...
Read More