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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 price of Tesla inventory, which could possibly be used to finance his takeover of Twitter.

Mr Musk pays $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 take care of Mr Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing worth on 1 April, the day earlier than the world’s richest particular person made his transfer for the corporate by asserting his 9 per cent stake.

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

Modifications may embody a brand new CEO, employee layoffs and even monetising tweets by charging publishers to embed them, based on some stories.

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

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In a subsequent tweet, Mr Musk stated the “far left hates everybody, themselves included” however added that he’s additionally “no fan of the far proper”.

It comes after Mr Musk has been replying to notiorious right-wing commentators together with Mike Cernovich, and sharing memes that characteristic right-wing YouTuber Tim Pool.

Adam Smith29 April 2022 14:09

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Mr Musk had beforehand stated that he “strongly supported Obama for President, however at this time’s Democratic Occasion has been hijacked by extremists”

Adam Smith29 April 2022 14:07

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Elon Musk rages towards Democrats

Elon Musk has despatched a sequence of tweets attacking the Biden administration and saying the occasion has been ‘hijacked by extremists’.

Mr Musk stated the brand new board was “tousled” in reply to a tweet that referred to as it the ‘Ministry of Fact’, a reference to George Orwell’s 1984.

Adam Smith29 April 2022 14:06

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Elon Musk desires to begin charging for tweets – report

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

As quite a few folks 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 modifications embody 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 day by day customers improve to 229m amid Elon Musk takeover

ICYMI: Twitter’s income reached $1.2bn and day by 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 in style drink

ICYMI: Potential Twitter proprietor Elon Musk is known for peppering his extremely lively 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 significantly 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 dad or mum Meta’s outcomes regardless of fears over GDP figures

Wall Road noticed know-how and progress shares surge on Thursday after robust earnings from Fb’s dad or mum firm Meta allayed issues 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 Could 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 Fact 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 Fact 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 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 correct due to this variation.

Graeme Massie29 April 2022 01:14

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