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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
TechElon Musk

CEO of Tesla competitor Fisker abandons Twitter hours after Musk offer is accepted

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
April 26, 2022, 10:33 AM ET

Henrik Fisker, CEO of electronic car manufacturer Fisker, is used to squaring off against Elon Musk. But not, apparently, when it comes to social media.

Hours after Twitter accepted Musk’s hostile takeover offer to purchase the company for $44 billion, Fisker told his followers they should look to Instagram for future updates. Not long after that, his account was deactivated.

Fisker didn’t mention Musk’s takeover before his departure from the platform, nor did he address the move on his Instagram account, but he has been particularly active on that platform, with three posts in the past 24 hours.

Musk and Fisker have been on-again, off-again rivals for years. In 2008, Tesla sued Fisker, who was previously known for his work on exotic sports cars, saying he and another individual stole Tesla’s design ideas and other trade secrets. (Fisker claimed victory in that suit after it went to arbitration.)

Last year, that rivalry was resurrected when Fisker’s company announced plans to roll out an electric vehicle by 2023 in a deal with Foxconn. The Fisker Ocean SUV, the company’s first car, is due to begin production in the fourth quarter of 2022. That vehicle will also be the first all-electric papal transport vehicle (or Popemobile, if you prefer).

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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