Elon Musk Threatens to Sue Microsoft Over Alleged ‘Illegal Use’ of Twitter Data
Twitter CEO Elon Musk has threatened to sue Microsoft after accusing the tech giant of illegally using the social media platform’s data for training. “They trained illegally using Twitter data. Lawsuit time,” Musk wrote on Twitter on April 19, without providing further details regarding the allegations…
Twitter CEO Elon Musk has threatened to sue Microsoft after accusing the tech giant of illegally using the social media platform’s data for training. “They trained illegally using Twitter data. Lawsuit time,” Musk wrote on Twitter on April 19, without providing further details regarding the allegations… Read More
TLDR Metaplanet purchased 156 additional BTC, bringing total holdings above 1,000 BTC Company stock rose 6.06% following the announcement Metaplanet achieved 116% Bitcoin yield in October 2023 Company raised 10 billion Yen through Stock Acquisition Rights Microsoft considering Bitcoin investment, subject to shareholder approval Metaplanet, Asia’s largest corporate Bitcoin holder…
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TLDR Metaplanet purchased 156 additional BTC, bringing total holdings above 1,000 BTC Company stock rose 6.06% following the announcement Metaplanet achieved 116% Bitcoin yield in October 2023 Company raised 10 billion Yen through Stock Acquisition Rights Microsoft considering Bitcoin investment, subject to shareholder approval Metaplanet, Asia’s largest corporate Bitcoin holder… Read More
Key Takeaways Microsoft shareholders to vote on Bitcoin proposal as Michael Saylor pitches trillion-dollar opportunity. Microsoft board pushes back on Bitcoin investment proposal, urging shareholders to vote against it Share this article Michael Saylor, CEO of MicroStrategy, earlier today directed a post on X to Microsoft CEO Satya Nadella, suggesting that if Microsoft wants to
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Key Takeaways
Microsoft shareholders to vote on Bitcoin proposal as Michael Saylor pitches trillion-dollar opportunity.
Microsoft board pushes back on Bitcoin investment proposal, urging shareholders to vote against it
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Michael Saylor, CEO of MicroStrategy, earlier today directed a post on X to Microsoft CEO Satya Nadella, suggesting that if Microsoft wants to add another trillion dollars in value for its shareholders, it should consider adding Bitcoin to its treasury.
Hey @SatyaNadella, if you want to make the next trillion dollars for $MSFT shareholders, call me. pic.twitter.com/NPnVvL7Wmj
— Michael Saylor⚡️ (@saylor) October 25, 2024
Saylor’s comment follows Microsoft’s latest SEC filing, which outlines a shareholder proposal titled “Assessment of Investing in Bitcoin” set to be voted on during the company’s annual meeting in December.
Building on recent performance, MicroStrategy’s Bitcoin-heavy portfolio has led its stock to outperform Microsoft’s by 313% this year, despite the company’s relatively smaller scale in the tech industry.
Microsoft acknowledged this in their report, noting the significant gains some companies have made by holding Bitcoin.
Although they acknowledge Bitcoin’s recent outperformance, Microsoft’s board has advocated that shareholders vote against this proposal.
Microsoft voting form advising against Bitcoin proposal
In the filing, the board stated that conducting a Bitcoin investment assessment was unnecessary, emphasizing that Microsoft’s management “already carefully considers this topic.”
The board emphasized that Microsoft’s Global Treasury and Investment Services team regularly evaluates diverse assets, focusing on maintaining liquidity and minimizing economic risk while ensuring long-term shareholder gains.
While Microsoft acknowledges that Bitcoin has been considered in past assessments, its portfolio is currently dominated by US government securities and corporate bonds—a strategy aimed at stability and steady returns.
Microsoft’s caution aligns with the volatility associated with Bitcoin, a point they highlighted in the filing. They noted that assets for corporate treasury applications should be predictable and stable to support operations effectively.
Microsoft-owned social media for suits site gets €310M fine, told to get compliant When LinkedIn asked its European users for their personal data, it did not receive “informed” nor “freely given” consent for the business to ship it off to third parties for generating targeted advertising…
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Microsoft-owned social media for suits site gets €310M fine, told to get compliant When LinkedIn asked its European users for their personal data, it did not receive “informed” nor “freely given” consent for the business to ship it off to third parties for generating targeted advertising… Read More
