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Elon Musk buys Twitter for $44bn
Twitter says it has reached an settlement to promote the corporate to Elon Musk for round $44bn
The deal was introduced by the social media platform on Monday after days of negotiations between the world’s richest particular person and the Twitter board.
Mr Musk can pay $54.20 money per share for the San Francisco-based firm, which is able to now be taken non-public after days of intense negotiations between the entrepreneur and the platform’s board.
“Twitter has a function and relevance that impacts your complete world. Deeply pleased with our groups and impressed by the work that has by no means been extra vital,”mentioned Parag Agrawal, Twitter’s CEO.
The board introduced it had reached a take care of 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 particular person made his transfer for the corporate by saying his 9 per cent stake.
Mr will seemingly make some vital modifications 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 Jack Dorsey stepped down as CEO and Parag Agrawal took over.
You possibly can comply with all the most recent developments from Musk’s Twitter takeover bid in our stay protection under.
Elon Musk sends first tweet after shopping for Twitter
Elon Musk has despatched his first tweet after reaching an settlement to purchase Twitter for round $44bn.
The corporate’s new proprietor posted the phrase “Sure!!!” surrounded by pink hearts, taking pictures stars and rocket ship emojis, above his assertion on the deal.
Graeme Massie25 April 2022 21:06
Twitter broadcasts firm will likely be offered to Tesla titan Elon Musk for $44bn
Twitter’s board broadcasts that the corporate will likely be offered to Elon Musk for round $44bn.
Graeme Massie25 April 2022 20:03
What are Elon Musk’s politics?
Elon Musk has claimed that he needs to remain “out of politics” however has made quite a few criticisms of the US authorities.
The 50-year-old’s actual politics might be arduous to pin down. He has donated usually to each Democrats and Republicans whereas variously declaring himself a “average”, a “socialist”, and “socially liberal and fiscally conservative”.
In response to information gathered by the non-profit lobbying watchdog Open Secrets and techniques, Elon Musk has given a complete of $1.2m to politicians, events, political motion committees (PACs), and referendum campaigns since 2002.
That cash went nearly equally to Democrats, with $542,000, and Republicans, with $574,500, with one other $85,000 going to 2 broadly left-wing referendum campaigns in California. The stability has fluctuated through the years: in 2006, 2013 and 2017 he donated overwhelmingly to Republicans, whereas in 2015 he gave solely to Democrats.
Graeme Massie25 April 2022 19:47
Devin Nunes says Trump gained’t return to Twitter if Musk buys it claiming his a lot mocked Fact Social has higher engagement
Supporters of former president Donald Trump who’re cheering Elon Musk’s bid to purchase Twitter as an indication that the ex-president’s everlasting ban from the platform could also be lifted beneath new possession will likely be disillusioned to listen to that he has no plans to return to the social community that helped gasoline his unprecedented rise to the presidency.
Andrew Feinberg has the story.
Graeme Massie25 April 2022 19:15
How a lot will Jack Dorsey make from promoting Twitter to Elon Musk?
All through Twitter’s usually controversial existence, former CEO Jack Dorsey has been the face and important id of the corporate.
Mr Dorsey, who got here to the tech world after twice dropping out of college and changing into a licensed masseuse, based the social media platform in 2006 with Noah Glass, Biz Stone and Evan Williams.
Graeme Massie25 April 2022 18:42
Marjorie Taylor Greene claims Elon Musk will restore her banned Twitter account
Congresswoman Marjorie Taylor Greene was amongst these on the appropriate celebrating what seems to be Elon Musk’s impending takeover of Twitter on Monday.
The Georgia consultant noticed her private account completely banned from the location on 2 January of this 12 months after she repeatedly used the account to share false or simply disprovable claims about Covid-19, includin a blatantly false assertion that the Covid-19 vaccine was harmful and resulting in hundreds of deaths within the US.
John Bowden has extra particulars.
Graeme Massie25 April 2022 18:21
Elon Musk will deliver Trump again to Twitter — and that’s just the start
Mr Musk claims he needs to push Twitter to permit extra free speech. However actually he’s simply altering the editorial stance of a non-public firm to publish extra conservative speech, like Fox taking on the New York Instances.
Graeme Massie25 April 2022 18:06
5 methods Twitter will change beneath Elon Musk
Elon Musk is already the top of 4 main endeavours: Neuralink, SpaceX, Tesla and The Boring Firm.
One needs to attach folks’s brains on to computer systems, one other needs to colonise Mars, whereas Tesla is the world’s most precious automobile maker. Oh, and The Boring Firm has the formidable purpose of eliminating visitors.
Working at some point every week on every, Musk nearly has the bandwidth so as to add yet one more huge function to his multi-hyphenated job title. However what precisely does he wish to do with it?
Right here’s 5 methods Twitter would possibly change beneath his possession:
Anthony Cuthbertson25 April 2022 17:47
Elon Musk welcomes his ‘worst critics’ to remain on Twitter as platform set to simply accept his $43bn bid
Elon Musk has urged his “worst critics” to remain on Twitter because the platform’s board is anticipated to simply accept the Tesla titan’s $43bn money supply for the corporate.
Mr Musk took to Twitter amid experiences he may grow to be its proprietor as early as Monday, and wrote, “I hope that even my worst critics stay on Twitter, as a result of that’s what free speech means.”
Graeme Massie25 April 2022 17:46
Then again, Mr Musk’s statements about social points have not often been as vociferous or clear as his financial views. Certainly, he has usually despatched opposite indicators and infrequently appeared to flirt with social conservatism.
On the time, he was engaged in a campaign towards California’s Covid lockdown insurance policies, which he described as “fascist”. He had declared early within the pandemic that “the coronavirus panic is dumb” and that there virus could be gone from America by the tip of April.
That July he tweeted the assertion “pronouns suck”, which was interpreted by many as a dig at transgender folks (since pronouns themselves are a basic and inescapable a part of the English language).
His then-girlfriend Claire Boucher, aka the digital musician Grimes, actually learn it that manner, responding: “I really like you however please flip off ur telephone or give me a name. I can’t help hate. Please cease this. I do know this isn’t your coronary heart.”
Adam Smith25 April 2022 17:30
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