Video: Newly-revealed text from Musk to his banker may help Twitter's case against him - CNN Video (2023)

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For more, watch the full Nightcap episode \u003ca href=\"http://www.cnn.com/video/data/2.0/video/business/2022/08/18/nightcap-rent-prices-elon-musk-peloton-full-orig.cnn.html\" target=\"_blank\">here\u003c/a>."],"descriptionPlainText":"CNN's Allison Morrow explains to \"Nightcap's\" Vanessa Yurkevich the struggles of Peloton and SoulCycle as the pandemic fitness boom collapses. For more, watch the full Nightcap episode here.","headlinePostText":"","headlinePreText":"","headlineText":"Pandemic-era bike boom goes bust","headlinePlainText":"Pandemic-era bike boom goes bust","iconImageUrl":"","iconType":"video","isMobileBannerText":false,"kickerText":"","maximizedBannerSize":[],"media":{"contentType":"image","type":"element","cutFormat":"16:9","elementContents":{"caption":"","imageAlt":"","imageUrl":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-large-169.jpg","label":"","galleryTitle":"","head":"","source":"Getty/Soulcyle","photographer":"","cuts":{"mini":{"width":220,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-small-169.jpg","height":124},"xsmall":{"width":307,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-medium-plus-169.jpg","height":173},"small":{"width":460,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-large-169.jpg","height":259},"medium":{"width":780,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-exlarge-169.jpg","height":438},"large":{"width":1100,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-super-169.jpg","height":619},"full16x9":{"width":1600,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-full-169.jpg","height":900},"mini1x1":{"width":120,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9-small-11.jpg","height":120}},"responsiveImage":true,"originalImageUrl":"//cdn.cnn.com/cnnnext/dam/assets/220818131326-nightcap-081822-fitness-peloton-16x9.jpg"},"duration":"2:10"},"noFollow":false,"overMediaText":"","sectionUri":"","showSocialSharebar":false,"shortUrl":"","statusText":"","statusColor":"","targetType":"","timestampDisplay":"","timestampUtc":"","lastModifiedText":"","lastModifiedState":"","type":"card","url":"/videos/business/2022/08/18/nightcap-peloton-soulcycle-layoffs-closures-clip-orig-jg.cnn-business/video/playlists/business-nightcap/","width":"","webDisplayName":"Business","height":"","videoCMSUri":"/video/data/3.0/video/business/2022/08/18/nightcap-peloton-soulcycle-layoffs-closures-clip-orig-jg.cnn-business/index.xml","videoId":"business/2022/08/18/nightcap-peloton-soulcycle-layoffs-closures-clip-orig-jg.cnn-business","adSection":"const-video-leaf","dateCreated":"1:29 PM ET, Thu August 18, 2022","sourceName":"CNN Business","sourceLink":"","showUrl":"/specials/business/nightcap","videoCollectionUrl":"/video/playlists/business-nightcap/"},"contentType":"video","maximizedBanner":false,"type":"card","autoStartVideo":false},{"branding":"","cardContents":{"additionalSections":[],"auxiliaryText":"","bannerText":[],"bannerHasATag":false,"bannerPosition":"","brandingLink":"","brandingImageUrl":"","brandingTextHead":"","brandingTextSub":"","cardSectionName":"business","contentType":"","cta":"share","descriptionText":["CNN's Clare Duffy tells \"\u003ca href=\"https://www.cnn.com/specials/business/nightcap\" target=\"_blank\">Nightcap's\u003c/a>\" Vanessa Yurkevich if Elon Musk's tweet about purchasing Manchester United could lead to legal troubles for the world's richest man. For more, watch the full Nightcap episode \u003ca href=\"http://www.cnn.com/video/data/2.0/video/business/2022/08/18/nightcap-rent-prices-elon-musk-peloton-full-orig.cnn.html\" target=\"_blank\">here\u003c/a>."],"descriptionPlainText":"CNN's Clare Duffy tells \"Nightcap's\" Vanessa Yurkevich if Elon Musk's tweet about purchasing Manchester United could lead to legal troubles for the world's richest man. For more, watch the full Nightcap episode here.","headlinePostText":"","headlinePreText":"","headlineText":"'I'm buying Manchester United': Elon Musk's tweet causes a stir","headlinePlainText":"'I'm buying Manchester United': Elon Musk's tweet causes a stir","iconImageUrl":"","iconType":"video","isMobileBannerText":false,"kickerText":"","maximizedBannerSize":[],"media":{"contentType":"image","type":"element","cutFormat":"16:9","elementContents":{"caption":"","imageAlt":"","imageUrl":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-large-169.jpg","label":"","galleryTitle":"","head":"","source":"Getty","photographer":"","cuts":{"mini":{"width":220,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-small-169.jpg","height":124},"xsmall":{"width":307,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-medium-plus-169.jpg","height":173},"small":{"width":460,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-large-169.jpg","height":259},"medium":{"width":780,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-exlarge-169.jpg","height":438},"large":{"width":1100,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-super-169.jpg","height":619},"full16x9":{"width":1600,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-full-169.jpg","height":900},"mini1x1":{"width":120,"type":"jpg","uri":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3-small-11.jpg","height":120}},"responsiveImage":true,"originalImageUrl":"//cdn.cnn.com/cnnnext/dam/assets/220818131324-nightcap-081822-elon-musk-4x3.jpg"},"duration":"2:23"},"noFollow":false,"overMediaText":"","sectionUri":"","showSocialSharebar":false,"shortUrl":"","statusText":"","statusColor":"","targetType":"","timestampDisplay":"","timestampUtc":"","lastModifiedText":"","lastModifiedState":"","type":"card","url":"/videos/business/2022/08/18/nightcap-elon-musk-manchester-united-clip-orig-jg.cnn-business/video/playlists/business-nightcap/","width":"","webDisplayName":"Business","height":"","videoCMSUri":"/video/data/3.0/video/business/2022/08/18/nightcap-elon-musk-manchester-united-clip-orig-jg.cnn-business/index.xml","videoId":"business/2022/08/18/nightcap-elon-musk-manchester-united-clip-orig-jg.cnn-business","adSection":"const-video-leaf","dateCreated":"1:21 PM ET, Thu August 18, 2022","sourceName":"CNN Business","sourceLink":"","showUrl":"/specials/business/nightcap","videoCollectionUrl":"/video/playlists/business-nightcap/"},"contentType":"video","maximizedBanner":false,"type":"card","autoStartVideo":false},{"branding":"","cardContents":{"additionalSections":["tech"],"auxiliaryText":"","bannerText":[],"bannerHasATag":false,"bannerPosition":"","brandingLink":"","brandingImageUrl":"","brandingTextHead":"","brandingTextSub":"","cardSectionName":"business","contentType":"","cta":"share","descriptionText":["Elon Musk's Boring Company is building tunnels to avoid bumper-to-bumper traffic. But \"New York Magazine's\" Alissa Walker tells \"\u003ca href=\"https://www.cnn.com/specials/business/nightcap\" target=\"_blank\">Nightcap's\u003c/a>\" Jon Sarlin the company is Musk's \"biggest boondoggle.\" For more, watch the \u003ca href=\"https://www.cnn.com/videos/business/2022/08/11/nightcap-inflation-electric-cars-elon-musk-full-orig.cnn\" target=\"_blank\">full Nightcap episode here.\u003c/a>"],"descriptionPlainText":"Elon Musk's Boring Company is building tunnels to avoid bumper-to-bumper traffic. But \"New York Magazine's\" Alissa Walker tells \"Nightcap's\" Jon Sarlin the company is Musk's \"biggest boondoggle.\" For more, watch the full Nightcap episode here.","headlinePostText":"","headlinePreText":"","headlineText":"Elon Musk wants to end traffic. The company he built to do it may not deliver","headlinePlainText":"Elon Musk wants to end traffic. 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For more, watch the full Nightcap episode \u003ca href=\"https://www.cnn.com/videos/business/2022/08/11/nightcap-inflation-electric-cars-elon-musk-full-orig.cnn\" target=\"_blank\">here\u003c/a>."],"descriptionPlainText":"CNN's Peter Valdes-Dapena explains to \"Nightcap's\" Jon Sarlin the impact of the Inflation Reduction Act for consumers who are looking to buy electric vehicles today and which companies are phasing out their tax credits. For more, watch the full Nightcap episode here.","headlinePostText":"","headlinePreText":"","headlineText":"Thinking of buying an electric car? Industry expert explains who should buy and who should wait","headlinePlainText":"Thinking of buying an electric car? 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For more, watch the full Nightcap episode \u003ca href=\"https://www.cnn.com/videos/business/2022/08/11/nightcap-inflation-electric-cars-elon-musk-full-orig.cnn\" target=\"_blank\">here\u003c/a>."],"descriptionPlainText":"CNN's Allison Morrow tells \"Nightcap's\" Jon Sarlin there are signs prices are moderating, but consumers are still feeling the pain of inflation. 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Video: Newly-revealed text from Musk to his banker may help Twitter's case against him - CNN Video (1)

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The highly anticipated trial between Elon Musk and Twitter starts in October. CNN's Clare Duffy tells "Nightcap's" Jon Sarlin how a recent court hearing offered a preview of the legal showdown. For more, watch the full Nightcap episode here.

Source: CNN Business

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FAQs

What is Elon Musk's plan for Twitter? ›

Bloomberg reports that Musk, the richest man in the world, plans to “eliminate about 3,700 jobs at Twitter Inc., or half of the social media company's workforce” starting Friday, according to people familiar with the matter.

What did Elon Musk do to Twitter? ›

Elon Musk has completed his $44 billion deal to buy Twitter, a source familiar with the deal told CNN Thursday, putting the world's richest man in charge of one of the world's most influential social media platforms.

Why Twitter was sold to Elon Musk? ›

Finally, an April 14 SEC filing revealed that Musk had offered to buy Twitter outright. In a letter to board chairman Bret Taylor, Musk wrote that he invested because he believed it could be "the platform for free speech around the globe."

Did Elon Musk fire all Twitter employees? ›

In the hours after acquiring Twitter in late October, Musk fired the company's board, including its chief executive Parag Agrawal, as well as Vijaya Gadde, who ran the social media company's legal, policy and trust teams.

Why did Elon Musk change his mind about Twitter? ›

Why did Musk change his mind on buying Twitter? Early court setbacks may have encouraged him to revive his $44 billion offer. Tesla CEO Elon Musk may have decided to offer to buy Twitter to avoid more embarrassment from an upcoming trial.

Why is Elon Musk laying off Twitter employees? ›

Why is Twitter laying off so many employees? Musk has said Twitter's workforce was too large and placed too much emphasis on content moderation, platform safety, product development and marketing. But in buying out Twitter's shareholders, Musk paid $44 billion for a company that lost $221 million last fiscal year.

How much did Elon Musk pay for Twitter? ›

For media inquiries, contact:

On October 27, Elon Musk purchased Twitter in a deal worth $44 billion.

How much of Twitter did Elon Musk buy? ›

Early developments. Musk had begun to buy Twitter shares on January 31, 2022. On April 4, Musk announced that he had acquired 9.2 percent of Twitter's stock for $2.64 billion, making him the company's largest shareholder.

How much did Elon lose on Twitter? ›

Now he needs to find enough savings to recoup his $44 billion investment. With Twitter hemorrhaging $3 million in losses every day, Elon Musk is now considering whether to eliminate critical IT infrastructure to save costs.

Which coin did Elon Musk tweet about? ›

The billionaire Tesla and SpaceX CEO has spent years talking up the token. Musk's tweets with oblique references to dogecoin have often sent it to new record-high prices. These posts also have helped drive retail investor interest.

What did Elon Musk just tweet about Dogecoin? ›

Musk's five-word message -- "Tesla merch buyable with Dogecoin" -- garnered more than 270,000 likes on the platform and sparked a spirited, meme-filled debate in the comments section.

How many people did Elon Musk fire on Twitter? ›

Elon Musk spoke at an investment conference Friday morning as employees at Twitter, which he now owns, were receiving notifications that they had been laid off from the company. Twitter had about 7,500 workers prior to Musk's takeover, meaning roughly 3,700 employees were laid off.

How many got laid off at Twitter? ›

A week after Elon Musk's takeover of the company, Twitter began layoffs on Friday that will cut roughly half of its 7,500-person workforce, the company announced in an email.

Why is Twitter firing? ›

Twitter has fired the majority of its over 200 employees in India as part of mass layoffs across the globe ordered by its new owner Elon Musk who is looking to make his $44-billion acquisition work. Sources said the layoffs are across engineering, sales and marketing, and communications teams.

Is Elon Musk still going to buy Twitter? ›

Musk backs out.

Musk announced that he was terminating the deal, citing the continuing disagreement over the number of spam accounts.

Is Elon Musk actually buying Twitter? ›

A surprise move. On Oct. 4, Mr. Musk proposed a deal to acquire Twitter for $44 billion, the price he agreed to pay for the company in April. On Oct. 27, the purchase was completed.

Does Elon Musk work 80 hours a week? ›

1. As crazy as 80 hours might sound Elon Musk is actually in good company. A 12-year Harvard study by Nitin Nohria and Michael Porter revealed that CEOs of multibillion-dollar companies work 62.5 hours per week on average. Musk works 28 percent more than them.

Does Elon Musk work 80 hours? ›

Musk claims he regularly works 80 to 100 hour workweeks, with most of his skillset being focused on design and engineering work. Approximately 90% of his time at SpaceX involves design work, and it takes up 60% of his day at Tesla.

Did Twitter employees get fired by email? ›

Twitter employees will be notified by email by 9 a.m. Pacific Standard Time on Friday whether they will be laid off, according to a communication sent out to all Twitter employees on Thursday evening.

How much money does Elon Musk make in 1 day? ›

This makes it easier to answer the question, how much does Elon Musk make an hour? Since his daily earnings for the first quarter of 2022 are an estimated $333.33 million per day, his hourly rate would be $51.30 million.

How much did Elon sell his video game for? ›

By age 12, he sold his first program, a video game, for $500. He moved to Canada and the U.S. to complete his education, receiving bachelor's degrees in physics and economics from the University of Pennsylvania. Though he originally intended to pursue Ph. D.

How much money does Elon Musk right now? ›

Estimated net worth of $254 billion as of August 2022, making him the richest person in the world, according to Bloomberg.

What happens to shareholders when Musk buys Twitter? ›

Musk intends to take Twitter private, meaning Twitter's stock will likely stop trading on the New York Stock Exchange almost immediately after the proper documents are filed, according to corporate lawyers. Shareholders will receive $54.20 per share of stock when all the paperwork is filed.

How much is Elon Musk paying per share? ›

Tesla and SpaceX CEO Elon Musk is reviving his offer to buy Twitter for $54.20 per share, which is about $44 billion, following a tense legal battle between himself and the social media platform, according to a regulatory filing.

How much money did Elon Musk get from selling PayPal? ›

In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—the largest shareholder with 11.72% of shares—received $175.8 million. In 2017, more than one and a half decades later, Musk purchased the X.com domain from PayPal for its sentimental value.

How much money is Twitter losing a day? ›

“Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk wrote on Friday evening. Musk officially closed his $44 billion deal to acquire Twitter late last month, and afterward, he quickly fired several of the company's top executives.

Who is Elon Musk the richest? ›

Key Takeaways
  • Elon Musk, the co-founder and CEO of Tesla, is the richest person in the world with a net worth of $203 billion. ...
  • Behind Musk is the LVMH chair and CEO Bernard Arnault.
  • Other billionaires with some of the largest net worths include India's Gautam Adani, Amazon founder Jeff Bezos, and Microsoft's Bill Gates.
5 days ago

Does Twitter turn a profit? ›

Even though only about 17% of Twitter's users come from the US, it is responsible for more than 50% of the company's revenues.
...
Twitter annual revenue by region 2018 to 2021 ($bn)
YearUnited StatesRest of World
20212.82.2
3 more rows

How much is a ELON 1 coin worth? ›

$0.0000004411

How much is an ELON 1 coin? ›

ELON Price Statistics
Dogelon Mars Price$0.000000434
Price Change24h-$0.000000006619 1.50%
24h Low / 24h High$0.0000004261 / $0.0000004463
Trading Volume24h$4,652,553.91 40.15%
Volume / Market Cap0.01944
2 more rows

What is ELON coin called? ›

The native currency of Dogelon, ELON, is an Ethereum-based token. One of its main features is the transfer of token supply to Vitalik Buterin (one of the cofounders of Ethereum), inspired by the Shiba Inu strategy.

Is Dogecoin Elon Musk own? ›

Musk has detailed in the past that he personally owns Dogecoin but has not indicated that Tesla does, though the electric car company has been accepting Doge payments for some merchandise on their website.

Why did Elon Musk say to buy Dogecoin? ›

There is one particular crypto he likes, he clarified. “I intend to personally support dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support dogecoin, so I'm responding to those people,” Musk said during at the Qatar Economic Forum on Tuesday.

How much did Dogecoin go up after Elon Musk? ›

Topline. Amid a broader market rally, cryptocurrencies gained tens of billions in market value this week, partially fueled by a 40% gain for dogecoin because of Elon Musk, the world's wealthiest man and self-proclaimed “Dogefather,” completing his takeover of Twitter.

How common is it to get fired? ›

40% of Americans have been fired from a job. Firing an employee that will be replaced costs between 16.1% and 20.4% of their annual salary, rising as high as 213% for senior executives. The layoff and discharge rate across private industrties was 1% from February to June of 2022.

Is it hard to get a job at Twitter? ›

Twitter jobs are highly competitive, but having the right skills and experience will set you apart.

What is the most common month for layoffs? ›

In the previous years, December and January are the two months when mass layoffs happen most as budgets flip over for the new year, but lately, these layoffs have been happening at any time depending on the health of a company.

How toxic is Twitter? ›

You're not alone, and according to a new study from SimpleTexting, the micro-blogging platform tops the list of "most toxic apps." Some 38.1 percent of respondents said that Twitter had the most trolls, compared with 26.9 percent who said trolling was a problem on Facebook, and 14.8 percent on Reddit.

Does Twitter really delete tweets? ›

Yes, any tweet that you've ever posted can be permanently deleted. You can make sure that the tweet never sees the daylight again and no Twitter user can ever read it. Now, this is true for as many tweets you want to delete no matter how old or new the tweet is.

How does Twitter affect the brain? ›

The most dramatic results reflected emotional intensity. Reading a Twitter timeline generates 64 percent more activity in the parts of the brain known to be active in emotion than normal Web use. Tweeting and retweeting boosts that to 75 percent more than a run-the-mill website.

› article › musk-twitter-firings ›

Following mass firings, remote Twitter employees will need to report to in-person offices.
Billionaire Elon Musk told prospective investors in his deal to buy Twitter Inc that he planned to get rid of nearly 75% of the social media company's 7500 ...
Twitter's new owner Elon Musk addressed the loss of advertiser revenue for the social media platform, claiming that that 'nothing has worked.'

How much does Elon own of Twitter? ›

The acquisition of Twitter by Elon Musk began on April 14, 2022, and concluded on October 27, 2022. Business magnate Elon Musk began buying shares of American social media company Twitter, Inc. in January 2022, eventually becoming the company's largest shareholder in April with a 9.1 percent ownership stake.

How much did Elon Musk buy Twitter for? ›

Elon Musk changed his Twitter bio to “Chief Twit.”

Musk bought the social media company for about $44 billion, matching the original price he offered earlier this spring.

How much did Elon Musk make from Twitter? ›

For media inquiries, contact:

On October 27, Elon Musk purchased Twitter in a deal worth $44 billion.

What is Elon Musk biggest plan? ›

Musk believes that there is opportunity in space. Last year, at the 2021 Code Conference, he said, “My goal is not to send myself up. My goal is to open up space to humanity … and become a multiplanet species.” This prediction is right on track.

How much does Elon Musk make a day? ›

This makes it easier to answer the question, how much does Elon Musk make an hour? Since his daily earnings for the first quarter of 2022 are an estimated $333.33 million per day, his hourly rate would be $51.30 million.

Who is Elon Musk the richest? ›

Key Takeaways
  • Elon Musk, the co-founder and CEO of Tesla, is the richest person in the world with a net worth of $203 billion. ...
  • Behind Musk is the LVMH chair and CEO Bernard Arnault.
  • Other billionaires with some of the largest net worths include India's Gautam Adani, Amazon founder Jeff Bezos, and Microsoft's Bill Gates.
5 days ago

How rich is Elon Musk exactly? ›

Estimated net worth of $254 billion as of August 2022, making him the richest person in the world, according to Bloomberg.

How much did Doge go up when Elon tweeted? ›

Popular meme coin dogecoin (DOGE) was up nearly 16% over the past 24 hours as billionaire Elon Musk's purchase of Twitter approached the finish line.

Is Elon forced to buy Twitter? ›

The deal included another important protection for Twitter: it said if Musk tried to back out, with few exceptions, the company could take him to court to force him to complete the purchase.

How much did Elon sell his video game for? ›

By age 12, he sold his first program, a video game, for $500. He moved to Canada and the U.S. to complete his education, receiving bachelor's degrees in physics and economics from the University of Pennsylvania. Though he originally intended to pursue Ph. D.

How does Elon Musk make so much money? ›

In 2002, Musk founded SpaceX, an aerospace manufacturer, which has been valued at $74 billion. He joined Tesla in 2004 and became its CEO in 2008. The car company is thought to be worth more than $1 trillion.

Who did Elon Musk give 5.7 billion to? ›

Tesla CEO Elon Musk donated more than $5.7 billion worth of shares in the world's most valuable automaker to a charity from Nov. 19 to Nov.

What is Elon Musk's strategy? ›

The most identifiable and consistent characteristic of the Musk strategy is how he organizes his businesses. Specifically, he engages in a strategy of vertical integration and closed technology.

Why is Elon Musk so successful? ›

Elon is a quick thinker and fast implementor. He is very action-oriented and likes to act as quickly as possible on the plans. He is a multi-tasking person who sets many actions as he expects things to happen that can be done. Elon believes that a lot of information can be processed simultaneously through fast work.

› technology › elon-musk-twitter ›

The Tesla chief executive, who has been critical of Twitter's content moderation policies, has bought 9.2 percent of the social media company.
Elon Musk's plans for Twitter are starting to take shape. The Tesla CEO told banks that he plans to slash pay for board members and executives in a bid to g...
The Tesla CEO was a millionaire in his 20s and has parlayed each business success into new endeavors.

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