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Elon Musk says he is terminating $44bn Twitter deal

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Elon Musk says he is terminating $44bn Twitter deal

Twitter’s chairman says the social media platform will take authorized motion to implement the settlement.

Elon Musk has stated he’s terminating a $44bn deal to purchase Twitter, saying the social media firm didn’t present details about faux or spam accounts on the platform.

In a submitting to the Safety and Alternate Fee (SEC) on Friday, Musk’s legal professionals stated Twitter had failed or refused to answer a number of requests for info on these accounts, which is prime to the corporate’s enterprise efficiency.

“Typically Twitter has ignored Mr. Musk’s requests, generally it has rejected them for causes that seem like unjustified, and generally it has claimed to conform whereas giving Mr. Musk incomplete or unusable info,” the submitting reads.

“Twitter is in materials breach of a number of provisions of that Settlement, seems to have made false and deceptive representations upon which Mr. Musk relied when getting into into the Merger Settlement,” it additionally stated.

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Twitter didn’t instantly reply to requests for remark from The Related Press and Reuters information companies.

The corporate’s chairman, Bret Taylor, tweeted on Friday night that, “the Twitter Board is dedicated to closing the transaction on the worth and phrases agreed upon with Mr. Musk and plans to pursue authorized motion to implement the merger settlement”.

The phrases of the deal require Musk, the CEO of Tesla, to pay a $1bn break-up payment if he doesn’t full the transaction.

The board unanimously agreed to promote the platform to Musk for $44bn in April, in a deal that stirred controversy and questions on free speech and misinformation on the favored social media platform.

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The settlement’s potential unravelling is simply the most recent twist in a saga between one of many world’s richest males and probably the most influential social media websites.

A lot of the drama has performed out on Twitter, with Musk, who has greater than 95 million followers, lamenting that the corporate was failing to stay as much as its potential as a platform free of charge speech.

Final month, Twitter allowed Musk entry to its “firehose”, a repository of uncooked information on tons of of thousands and thousands of each day tweets.

The corporate stated at the moment that it supposed to shut the deal on the agreed worth and phrases. “Twitter has and can proceed to cooperatively share info with Musk to consummate the transaction in accordance with the phrases of the merger settlement,” it stated in an announcement.

In Might, Twitter CEO Parag Agrawal stated the social media community estimates that fewer than 5 p.c of all its customers are faux.

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However in a sequence of tweets, he highlighted the problem of hunting down actual folks from bots and accounts getting used for spam campaigns.

“The laborious problem is that many accounts which look faux superficially – are literally actual folks,” he wrote. “And a few of the spam accounts which are literally probably the most harmful – and trigger probably the most hurt to our customers – can look completely reputable on the floor.”

Daniel Ives, an analyst at Wedbush funding agency, stated Musk’s submitting on Friday was dangerous information for Twitter.

“This can be a catastrophe state of affairs for Twitter and its Board as now the corporate will battle Musk in an elongated court docket battle to recoup the deal and/or the breakup payment of $1 billion at a minimal,” he wrote in a word to shoppers.

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Heartbreak High Renewed for Third and Final Season at Netflix

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Heartbreak High Renewed for Third and Final Season at Netflix


‘Heartbreak High’ Renewed for a Final Season 3 at Netflix



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Protesters demand Armenian prime minister's resignation after border villages ceded to Azerbaijan

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Protesters demand Armenian prime minister's resignation after border villages ceded to Azerbaijan

Thousands of protesters gathered Thursday in the Armenian capital, Yerevan, to demand the resignation of Prime Minister Nikol Pashinyan over his government’s decision to hand over control of border villages to Armenia’s long-time rival Azerbaijan.

Armenia and Azerbaijan have fought two wars since the Soviet Union collapsed and Armenia said in April that it would return the villages to Azerbaijan. That decision came after Azerbaijan in September waged a lightning military campaign in Nagorno-Karabakh, a majority ethnic Armenian region inside Azerbaijan. That caused tens of thousands of people to stream into Armenia, sparking demonstrations as protesters called for the prime minister to be ousted.

Protesters led by a senior cleric in Armenia’s church walked a distance of around 100 miles from villages near the border with Azerbaijan to Yerevan where they gathered Thursday in Republic Square.

ARMENIA’S PRIME MINISTER IN RUSSIA FOR TALKS AMID STRAIN IN TIES

Videos shared on social media showed thousands of people waving Armenian flags. A senior Armenian cleric said a prayer and told the protesters he gave Pashinyan one hour to resign, blaming him for the loss of Armenian territory.

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Archbishop Bagrat Galstanyan told protesters they should “engage in peaceful acts of disobedience,” if Pashinyan did not listen to their demands.

Pashinyan visited Moscow Wednesday and held talks with Russian President Vladimir Putin amid spiraling tensions between the estranged allies. The meeting took place a day after Putin began his fifth term at a glittering Kremlin inauguration which the Armenian leader did not attend.

Armenian Prime Minister Nikol Pashinyan attends a meeting of the Supreme Eurasian Economic Council of the Eurasian Economic Union at the Kremlin in Moscow, Russia, on Wednesday, May 8, 2024. (Evgenia Novozhenina/Pool Photo via AP)

Putin’s spokesperson Dmitry Peskov was quoted Thursday by Russian state news agency Tass as saying the two leaders had agreed to the removal of Russian forces from some Armenian regions.

In brief remarks at the start of the talks, Putin said that bilateral trade was growing, but acknowledged “some issues concerning security in the region.”

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Pashinyan, who last visited Moscow in December, said that “certain issues have piled up since then.”

Armenia’s ties with Russia, a longtime sponsor and ally, have grown increasingly strained after Azerbaijan waged its military campaign in September to reclaim the Karabakh region, ending three decades of ethnic Armenian separatists’ rule there.

Armenian authorities accused Russian peacekeepers who were deployed to Nagorno-Karabakh after the previous round of hostilities in 2020 of failing to stop Azerbaijan’s onslaught. Moscow, which has a military base in Armenia, has rejected the accusations, arguing that its troops didn’t have a mandate to intervene.

The Kremlin, in turn, has been angered by Pashinyan’s efforts to deepen ties with the West and distance his country from Moscow-dominated security and economic alliances.

While Pashinyan was visiting Moscow, Armenia’s foreign ministry announced that the country will stop paying fees to the Collective Security Treaty Organization, a Russia-dominated security pact. Armenia has previously suspended its participation in the grouping as Pashinyan has sought to bolster ties with the European Union and NATO.

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Russia was also vexed by Armenia’s decision to join the International Criminal Court, which last year indicted Putin for alleged war crimes connected to Russia’s actions in Ukraine.

Moscow, busy with the Ukrainian conflict that has dragged into a third year, has publicly voiced concern about Yerevan’s westward shift but sought to downplay the differences.

Kremlin spokesman Peskov conceded Tuesday that “there are certain problems in our bilateral relations,” but added that “there is a political will to continue the dialogue.”

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Ukraine’s Zelenskyy fires head of state guard over assassination plot

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Ukraine’s Zelenskyy fires head of state guard over assassination plot

Ukrainian state security said earlier this week that they unearthed an assassination plot including two state guards.

Ukrainian President Volodymyr Zelenskyy has fired the head of the state guards following allegations that two members were involved in a plot to assassinate the embattled Ukrainian head of state.

Zelenskyy dismissed former leader of the state guards Serhiy Rud on Thursday, after the state security service (SBU) said earlier this week that it had unearthed an assassination plot against Zelenskyy and other important officials. A successor for Rud has yet to be named.

The SBU said that the assassinations were meant to be a “gift” for Russian President Vladimir Putin as he was sworn in for a new term in office on Tuesday.

 

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The SBU said that the two men, both colonels in the state guard, had planned to take Zelenskyy hostage and later kill him.

Other key officials, including SBU head Vasyl Maliuk and Kyrylo Budanov, the military intelligence agency’s head, were also said to be targets of the failed effort.

Moscow has not commented on the allegations by the SBU, which alleged that the two bodyguards had passed on sensitive information to the FSB, Russia’s security service.

It is not the first assassination effort that the Ukrainian leader has faced down, stating last year that at least five Russian plots have been foiled since the war began.

Zelenskyy’s administration has faced growing difficulties in recent months, and has shaken up some key staffing positions as progress in the country’s war against Russia stalls out and officials face accusations of corruption.

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In February, Zelenskyy named Oleksandr Syrskyii as the new army chief after dismissing General Valerii Zaluzhny from the position.

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