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Elon Musk buys Twitter for $44bn

Elon Musk has instructed a brand new title for Donald Trump’s Reality Social app as he accused Twitter, which has simply agreed to purchase for $44bn, of censorship.

The Tesla boss, whose takeover of the San Francisco-based platform was introduced earlier this week, took to Twitter to check it to to the previous president’s personal social media firm.

“Reality Social (horrible title) exists as a result of Twitter censored free speech,” Mr Musk tweeted. “Must be known as Trumpet as a substitute!”

]Musk can pay $54.20 money per share for the San Francisco-based firm, which is able to now be taken personal after days of intense negotiations between the entrepreneur and the platform’s board.

The board introduced it had reached a cope with 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 particular person made his transfer for the corporate by saying his 9 per cent stake.

Musk will possible 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 good friend Dorsey stepped down as CEO and Parag Agrawal took over.

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Twitter income reaches $1.2bn and each day customers improve 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 offered 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 standard 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 severely 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 father or mother Meta’s outcomes regardless of fears over GDP figures

Wall Avenue noticed expertise and progress shares surge on Thursday after sturdy earnings from Fb’s father or mother firm Meta allayed considerations the US financial system contracted within the first quarter of 2022.

As of 3pm, the markets had been having fun with their greatest day since Might 2020, with all three main indexes having fun with a sustained enhance.

Bevan Hurley has the small print.

Graeme Massie29 April 2022 03:03

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Trump lastly posts on his Reality Social platform – reviving one among his most well-known phrases

The silence was by no means going to final.

Donald Trump has lastly posted on his Reality Social app, the struggling Twitter rival he launched earlier this 12 months, after an uncharacteristic monthslong quiet from the normally 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 possible new proprietor of Twitter posted a cartoon meme that seems to point his perception that it’s truly the left-wing of American politics that has moved to the acute since 2008, and never the right-wing.

The stick-figure cartoon suggests that folks with centrist views in 2008, labelled “me” within the cartoon, are actually to the correct due to this alteration.

Graeme Massie29 April 2022 01:14

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

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

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

Graeme Massie29 April 2022 01:03

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Self-proclaimed ‘socialist’ to ‘crimson 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 means of 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 truly purchase social media platform for $44bn?

Elon Musk has grow to be the world’s richest particular person, and one of many enterprise world’s most polarising figures on the again of the staggering business 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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Tumblr will get new customers as folks go away Twitter

Matt Mullenwag, the founding father of Automattic, which owns Tumblr, tweeted that Tumblr noticed a 19% bump in new consumer registration within the wake of the information that Elon Musk was shopping for out the corporate

Adam Smith28 April 2022 17:30

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Twitter has been miscounting its customers

Twitter has additionally been overstating the variety of each day customers on its service for the previous, overcounting by as much as 1.9 million customers every quarter, in information that broke following its quaterly earnings.

The error was on account of Twitter counting a number of accounts as energetic once they had been all owned by one consumer – even when they weren’t in use.

Adam Smith28 April 2022 16:07


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