Days later, he discussed the future of social media with Twitter co-founder and former CEO Jack Dorsey and explored the possibility of joining Twitter's board of directors with private equity firm Silver Lake co-CEO Egon Durban. In 2017, in response to a tweet suggesting that he buy Twitter, Inc., Musk replied, "How much is it?" On March 24, 2022, Musk began tweeting criticisms of Twitter, polling his followers on whether the company adhered to the principle that "free speech is essential to a functioning democracy". Prelude Background Įlon Musk communicated with Dorsey, Agrawal, and Taylor prior to proposing a buyout of Twitter Inc.īusiness magnate Elon Musk published his first tweet on his personal Twitter account in June 2010, and had more than 80 million followers by April 2022. Since becoming owner, Musk has faced backlash for his handling of the company and account suspensions. Within the United States, conservatives have largely supported the acquisition, while many liberals and former Twitter employees have voiced concerns about Musk's intentions. Reactions to the buyout were mixed, with praise for Musk's planned reforms and vision for the company, particularly his calls for greater free speech, but criticism over fears of a potential rise in misinformation, disinformation, harassment, and hate speech on the platform. in June 2023, and the Twitter app was rebranded as X. Linda Yaccarino was appointed CEO of X Corp. Hundreds of employees then resigned from the company after Musk issued an ultimatum demanding they commit to "extremely hardcore" work. Musk has since proposed several reforms to Twitter and laid off half of the company's workforce. Musk promptly fired several top executives, including previous CEO Parag Agrawal. Twitter was taken private and merged into a new parent company named X Corp. The deal was closed on October 27, with Musk immediately becoming Twitter's new owner and CEO. Weeks before the trial was set to begin, Musk reversed course, announcing that he would move forward with the acquisition. The company filed a lawsuit against Musk in the Delaware Court of Chancery shortly thereafter, with a trial scheduled for the week of October 17. In July, Musk announced his intention to terminate the agreement, asserting that Twitter had breached their agreement by refusing to crack down on spambot accounts. Musk stated that he planned to introduce new features to the platform, make its algorithms open-source, combat spambot accounts, and promote free speech. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter's board responded with a " poison pill" strategy to resist a hostile takeover before unanimously accepting Musk's buyout offer of $44 billion on April 25. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. on April 14, 2022, and concluded it on October 27, 2022. Jefferson is a member of the Metropolitan Washington Employment Lawyers Association.Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. Jefferson graduated with her Juris Doctor from American University Washington College of Law and holds a Bachelor of the Arts in Women's and Gender Studies, Political Science, and Philosophy from Wake Forest University. Prior to law school she served as an AmeriCorps member with an education-based non-profit and a charter school in Washington D.C. Jefferson was also a member of the Journal for Gender, Social Policy, and the Law, where she served as a Publications Editor. Superior Court and Maryland Circuit Court. Jefferson represented employees in wage and hour disputes in D.C. As a student attorney with the Civil Advocacy Clinic, Ms. Additionally, she served as a law clerk for Administrative Judge Sharon Alexander at the U.S. Jefferson worked as a law clerk with a plaintiff-side employment law firm in Washington D.C. Prior to joining the Gilbert Employment Law as an associate in 2021, Ms. Jefferson's practice includes litigating on behalf of clients in federal and state courts, as well as administrative forums such as the Equal Employment Opportunity Commission and the Merit Systems Protection Board. Jefferson is an associate with Gilbert Employment Law, focusing on the representation of both federal and private sector employees involving claims of discrimination, harassment, and retaliation under Title VII of the Civil Rights Act, as well as violations the Rehabilitation Act, the Americans with Disabilities Act, and related state and local laws.
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