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<p>Elon Musk’s $44 billion mega deal to buy Twitter has thrown the spotlight on the finances of the world’s richest man</p>

Elon Musk’s $44 billion mega deal to purchase Twitter has thrown the highlight on the funds of the world’s richest man

(AP/PA)

Elon Musk has bought practically $5 billion value of Tesla inventory, which might be used to finance his takeover of Twitter.

Mr Musk can pay $54.20 money per share for the San Francisco-based firm, which can now be taken non-public earlier than the tip of October.

The board introduced it had reached a cope with Mr Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing value on 1 April, the day earlier than the world’s richest individual made his transfer for the corporate by saying his 9 per cent stake.

Mr Musk will seemingly make some vital adjustments to the social media platform, having made a number of hints in current months about what his intentions are. It comes after Musk’s buddy Dorsey stepped down as CEO and Parag Agrawal took over.

Adjustments may embrace a brand new CEO, employee layoffs and even monetising tweets by charging publishers to embed them, in accordance with some studies.

You’ll be able to comply with all the newest information and developments proper right here.

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Elon Musk needs to begin charging for tweets – report

Elon Musk has reportedly made some recommendations on how Twitter might be improved beneath his possession, together with charging publishers to embed tweets in articles.

As quite a few individuals have instantly identified on Twitter, this might presumably be bypassed simply by taking a screenshot of the tweet and importing it as a picture.

Different adjustments embrace changing present CEO Parag Agrawal with somebody new, with the successor already apparently lined up.

You’ll be able to learn the total story right here:

Anthony Cuthbertson29 April 2022 13:17

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Elon Musk sells $4.8bn of Tesla inventory

In an obvious bid to finance his Twitter takeover, Elon Musk has bought 5.3 million shares of Tesla for roughly $4.8 billion, filings with the US Securities and Change Fee (SEC) have revealed.

It represents simply 3. per cent of the Tesla shares he held previous to the sale, and Musk says he received’t be promoting any extra Tesla shares at this stage.

Anthony Cuthbertson29 April 2022 09:55

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Twitter income reaches $1.2bn and each day customers enhance to 229m amid Elon Musk takeover

ICYMI: Twitter’s income reached $1.2bn and each day customers elevated to 229 million amid Elon Musk’s takeover of the social media firm.

On Thursday, Twitter posted its quarterly earnings – $513m – days after the corporate agreed to be bought to the billionaire.

Within the three months to March of this 12 months, income rose 16 per cent, reaching $1.2bn, in comparison with the identical interval final 12 months.

Gustaf Kilander has the story.

Graeme Massie29 April 2022 05:01

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Elon Musk jokes about shopping for Coca-Cola, placing ‘cocaine’ again within the fashionable drink

ICYMI: Potential Twitter proprietor Elon Musk is legendary for peppering his extremely energetic account on the platform with lighthearted jests alongside posts sharing severe inventory acquisitions.

Now the billionaire entrepreneur, within the wake of agreeing to purchase Twitter for $44bn, has stirred up his followers by posting a tweet that has led many to attract a clean: is he critically contemplating shopping for Coca-Cola or simply trolling his greater than 80 million followers?

Graeme Massie29 April 2022 04:01

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US market surges on information of Fb guardian Meta’s outcomes regardless of fears over GDP figures

Wall Avenue noticed know-how and development shares surge on Thursday after sturdy earnings from Fb’s guardian firm Meta allayed issues the US economic system contracted within the first quarter of 2022.

As of 3pm, the markets have been having fun with their greatest day since Could 2020, with all three main indexes having fun with a sustained increase.

Bevan Hurley has the small print.

Graeme Massie29 April 2022 03:03

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Trump lastly posts on his Fact Social platform – reviving one in all his most well-known phrases

The silence was by no means going to final.

Donald Trump has lastly posted on his Fact Social app, the struggling Twitter rival he launched earlier this 12 months, after an uncharacteristic monthslong quiet from the often voluable former president.

Josh Marcus has the story.

Graeme Massie29 April 2022 02:15

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Musk tweets meme on political change

ICYMI: The potential new proprietor of Twitter posted a cartoon meme that seems to point his perception that it’s really the left-wing of American politics that has moved to the intense since 2008, and never the right-wing.

The stick-figure cartoon suggests that folks with centrist views in 2008, labelled “me” within the cartoon, at the moment are to the precise due to this variation.

Graeme Massie29 April 2022 01:14

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Marjorie Taylor Greene says she needs to satisfy with Elon Musk to debate Twitter bans

Consultant Marjorie Taylor Greene stated that she hoped that she may meet with Tesla chief government Elon Musk amid information that he has acquired Twitter.

The appropriate-wing congresswoman from Georgia made the remarks throughout a information convention in entrance of the Capitol when introducing laws that might abolish Part 230 of the Communications Decency Act, which says that service suppliers can’t be handled as a writer or or speaker of knowledge supplied by one other supplier.

Graeme Massie29 April 2022 01:03

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Self-proclaimed ‘socialist’ to ‘purple capsule’ anti-lockdown crusader: What are Elon Musk’s politics?

ICYMI: The Tesla and SpaceX tycoon has donated to each events and attacked everybody from Joe Biden by Donald Trump to commerce unions and ‘pronouns’, however beneath all of it there’s a constant ideology, writes Io Dodds.

Graeme Massie29 April 2022 00:28

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Twitter: Will Elon Musk really purchase social media platform for $44bn?

Elon Musk has turn into the world’s richest individual, and one of many enterprise world’s most polarising figures on the again of the staggering industrial success of Tesla and engineering brilliance of SpaceX.

And together with his $44bn provide for Twitter having been accepted by the social media’s platform’s board, Mr Musk will presumably add a 3rd CEO position to his assortment.

Graeme Massie29 April 2022 00:02

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