When asked to comment on Elon Musk buying Twitter, White House Press Secretary Jen Psaki mentioned Section 230 of the 1996 Communications Decency Act. The controversial legal provision provides a legal “safe harbor” for internet companies, allowing them to be generally exempt from liability for the material users post on their networks. “No matter who…

Elon Musk is the world’s richest man and CEO of Tesla. He also thinks he can fix Twitter. Critics, including the ACLU, adopted an argument Kanye West made popular, no one man should have all that power. Twitter’s Board of Directors approved Musk’s $44 billion cash bid on Monday. Twitter’s user base is significantly smaller…

Now that Twitter has accepted Elon Musk’s unsolicited bid to buy the social media giant for $44 billion, speculation is growing over what changes Musk will make to the platform. Here are three things Musk has alluded to through various interviews, statements and tweets. #1: Defeat the spam bots If our twitter bid succeeds, we…

Elon Musk will buy Twitter in a cash deal valued at $44 billion, the social media company announced Monday afternoon. Twitter shareholders will be paid $54.20 per share when the transaction closes, which represents Musk’s “best and final offer” made less than two weeks ago. “Twitter needs to be transformed as a private company,” Musk…

Twitter’s board of directors voted to take a poison pill to try to prevent Elon Musk from executing a hostile takeover. Also called a shareholders-rights plan, a company engages in a poison pill strategy by diluting the value of the hostile party’s shares by flooding the market with new, discounted stock. The practice became widely…

After Elon Musk made an above-market-value bid to buy Twitter, the company’s board of directors indicated it would rather swallow a poison pill than let Musk take over. On Friday, Twitter’s board announced it unanimously adopted a shareholders-rights plan, also known as a poison pill, after Musk’s unsolicited offer. What’s a poison pill? A poison…

Elon Musk is all in on Twitter, offering roughly $43 billion to buy out the public company and take it private. The world’s richest man already owns 9.2% of Twitter and is the company’s largest shareholder. According to an SEC filing, Musk would pay $54.20 per share, which is an 18% premium over Wednesday’s share…

Elon Musk is apparently not on board with serving on Twitter’s board of directors, declining the seat the morning his appointment was supposed to take effect. Twitter’s stock price fluctuated throughout Monday’s trading day as investors learned the company’s largest shareholder backed out of the board. Still, the stock remained markedly higher than before Musk took…

SpaceX launched its first private charter flight to the International Space Station on Friday. The four-man team blasted off on Friday for more than a week’s stay as NASA joins Russia in hosting guests at the world’s most expensive tourist destination. If all goes as planned, the three rich businessmen and their escort, retired NASA…

Universities are reporting record-low acceptance rates across the board this spring, and Ivy League schools are no exception. At the top of the heap, Harvard just announced it accepted 3.19% of its applicants for the class of 2026, a record low for the Crimson Ivy amid record-high applicants. But in the real world, lots of…