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Social media giant OKs "unbelievably fast" deal with world's richest person. Many observers remain uncertain of what drove his decision.
Elon Musk said he wanted to own and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.
Shareholder rights plans, as they are also known, are used to fend off takeovers, like Elon Musk's bid for Twitter.
Musk has been an avid user — and critic — of the social media platform for years. The brand could use some "shaking up," one analyst says.
"We could have told him about Bitcoin and energy use. Why has Musk changed his mind now?"
The tech titan is running an innovation contest for carbon-removal technology. But it can only be a small part of the solution.
Bitcoin spiked 14% and appeared to briefly hit a new all-time high. Shares of Tesla moved higher as well.
The plant is situated in a California COVID-19 hot spot.
The electric vehicle company is avoiding steep import tariffs by building cars in Shanghai.
The founders of Tesla, Barstool Sports and the publisher of the Federalist have tweeted anti-union threats.