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Tag: Twitter

January 16, 2025

SEC Sues Elon Musk Over Twitter Stock Purchases

Elon Musk faces fresh legal trouble as the SEC alleges he violated U.S. securities laws by failing to disclose his early 2022 Twitter stock purchases on time. By delaying the disclosure, Musk reportedly saved $150 million in additional costs. There is also an opinion in the market that the SEC's action is politically motivated, as Musk is known to be a close confidant and supporter of incoming President Donald Trump.

SEC
ticker

September 23, 2024

Harassment? SEC Seeks Court Order to Compel Elon Musk’s Testimony in Twitter Acquisition Probe!

The SEC has requested a court order to compel Elon Musk to testify about his $44 billion Twitter acquisition, investigating potential securities law violations. Musk’s legal team claims the SEC is harassing him, but the agency insists new evidence necessitates further questioning. This case highlights the growing scrutiny on executives’ use of social media to communicate material information.

FinTelegram

January 10, 2024

Elon Musk’s Move To Evolve X into Peer-to-Peer Payments is Not so New! Look at Chinese WeChat!

In an era where digital transformation is rapidly reshaping the financial landscape, X is making a significant (and expected) leap. Elon Musk's social media company recently announced its plans to introduce peer-to-peer (P2P) payments, a move that could redefine how users interact with social media platforms and manage their financial activities. X wants to implement WeChat's successful strategy.

January 1, 2024

FinTelegram Insights: The Spectacular Crash and Burn of Elon Musk’s Twitter, Now X Holdings!

In what can only be described as a head-on collision with reality, Fidelity Investments has just delivered a staggering verdict on Elon Musk's X Holdings, the entity formerly known as Twitter. The financial behemoth, which once backed Musk's audacious $44 billion acquisition, now values X at a jaw-dropping 71.5% less than its purchase price. This isn't just a markdown; it's a nosedive, plunging through the end of November 2023.

Social Media

December 29, 2023

LinkedIn Sees Surge in Ad Revenue Amid Exodus from Musk’s X Platform

In an interesting shift in the digital ad landscape, LinkedIn, the professional networking site owned by Microsoft, has experienced a significant uptick in ad revenue. This surge comes as companies increasingly abandon Elon Musk’s X platform (formerly known as Twitter). Insider Intelligence, a research group, says LinkedIn's annual ad revenue has soared to nearly $4 billion, marking a 10.1% increase, and projections indicate a further 14.1% rise in the upcoming year.

December 12, 2023

Seriously Now? Is ‘Cash-Poor’ Elon Musk Running Out of Cash and Luck?

In a recent essay by Linette Lopez for Business Insider, the financial stability and future of Elon Musk, the second-richest man on the planet, are scrutinized. From 2019 to 2022, Musk appeared to be on an unstoppable winning streak, with Tesla's profitability soaring and SpaceX's rockets capturing public imagination. However, Lopez suggests that Musk's streak of success might be waning, as indicated by a series of questionable decisions and mounting financial challenges.

November 1, 2023

Elon Musk Lost $41 Billion Net Worth But Is Still The World’s Richest Individual!

This week saw a significant drop in Elon Musk's net worth, which tumbled to $193 billion, according to Bloomberg's Billionaire Index. This marks the first time since June that the Tesla CEO's net worth has fallen below the $200 billion mark. The decline can be attributed to Tesla's disappointing quarterly earnings report, as Musk, who owns approximately 13% of the electric car company, experienced a notable financial setback.

Crypto

April 4, 2023

Elon Musk Did It Again: DogeCoin Exploded After Twitter Replaced Its Logo With The Shiba Inu Dog!

It is known that Elon Musk is a DogeCoin fan. It is also known that he likes to use Twitter to promote his assets. He did the same with DogeCoin. For that, he was sued for $258 billion by DogeCoin investors in 2022 for alleged market manipulation. Musk replaced Twitter’s traditional bird icon with an image of the Shiba Inu dog, the digital coin’s symbol. DogeCoin spiked more than 30% on Monday. Musk has again demonstratively and without restraint shown that he uses Twitter to manipulate.

Economics and Finance

March 26, 2023

Elon Musk Values Twitter AT $20 Billion In Employee Stock Option Offering!

Allegedly, Elon Musk offered Twitter employees stock grants at a $20 billion valuation, less than half the $44 billion Musk paid for the social media platform last year. This would, in theory, offer a significant upside if the company’s value recovers. However, Twitter will generate less than $3 billion in revenue this year. Considering Twitter’s $13 billion in debt, the $20 billion valuation implies a multiple of 11 times this year’s revenue to an implied enterprise value of $33 billion.

March 24, 2023

Shares Of Block Have Not Recovered From Short-Seller Attack With Fraud Allegations!

Shares of Block, which was attacked by short-seller Nathan Anderson and his at Hindenburg Research, failed to recover after the release of the disastrous report on Thursday. The report accuses Block of systematic crime facilitation, misrepresentation, and investment fraud. Block co-founder Jack Dorsey’s net worth plunged by $526 million. He’s now worth $4.4 billion after the 11% drop, according to the Bloomberg Billionaires Index.

Sam Altman’s Olive Oil Moment: How Graza Became the First Cyber Society EVOO Brand

A Financial Times video interview with OpenAI CEO Sam Altman unexpectedly turned into a viral marketing miracle for a small olive oil brand called Graza. Altman was seen cooking with Graza’s “Drizzle” olive oil—meant for finishing, not cooking—sparking an online debate and catapulting the brand into global awareness. It’s a case study in how digitally native consumer brands can hijack moments.

Chasing René Benko’s Loot: New Investigations Target Benko’s Wife

In recent days, the Austrian Economic and Corruption Prosecutor’s Office (WKStA) has significantly expanded its investigations into the collapse of the Signa Group and its founder, René Benko. According to multiple Austrian media reports, new house searches have taken place at properties belonging to Benko’s wife, Natalie Benko, and his brother in Tyrol.

Crypto’s Dark Side: Money Laundering Scandals Are Reshaping the Cyber Finance Landscape

The $4.2 billion criminal settlement with Binance and the sentencing of its founder, Changpeng Zhao (CZ), was not an isolated event—it marked the beginning of a new regulatory era. In 2024 and 2025, multiple crypto platforms have come under fire for facilitating money laundering, especially in connection with online gambling, cyber fraud, and unregulated exchanges.

Wirecard’s Jan Marsalek Confirmed as Russian Spy Mastermind in UK Espionage Conviction

A London court has delivered a seismic verdict in the ongoing saga of Wirecard, the collapsed German fintech giant: six Bulgarian nationals have been convicted and sentenced for spying on behalf of Russian intelligence, acting under the direct orders of Wirecard’s fugitive former COO, Jan Marsalek. This marks the first time a court has definitively established that Wirecard, under Marsalek’s leadership.

Odebrecht Scandal: Former BankerPeter Weinzierl Extradited to U.S., Held Without Bail in Brooklyn Jail

Former Meinl Bank CEO Peter Weinzierl has been extradited from the United Kingdom to the United States and is currently in custody at the Metropolitan Detention Center (MDC) in Brooklyn. The 59-year-old Austrian banker faces charges related to his alleged involvement in laundering over $170 million in bribes connected to the Odebrecht corruption scandal.