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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 individual 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 goal and relevance that impacts the complete world. Deeply happy with our groups and impressed by the work that has by no means been extra vital,”stated 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 individual 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 latest 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 observe all the most recent developments from Musk’s Twitter takeover bid in our reside protection beneath.

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Twitter CEO admits they ‘don’t know’ what is going to occur to firm underneath Musk

Twitter’s CEO has instructed workers at a city corridor assembly that the way forward for the platform is unclear after agreeing to promote to Elon Musk for $44bn.

Parag Agrawal spoke to workers at a city corridor assembly simply hours after the take care of the Tesla boss was introduced, in keeping with Reuters, which had entry to it.

“As soon as the deal closes, we don’t know which path the platform will go,” stated Mr Agrawal, in accordance tothe information organisation.

The corporate has instructed workers that Mr Musk will maintain a question-and-answer session for them at a future date.

Graeme Massie25 April 2022 23:50

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Jameela Jamil quits Twitter after Elon Musk buys web site for $44bn

Jameela Jamil has introduced that she’s leaving Twitter after information that Elon Musk has bought the platform.

The Tesla founder efficiently acquired the social media web site on Monday (25 April) for round $44bn (£34.5bn). Because of this, Twitter will now be a privately owned firm.

Nicole Vassell has the story.

Graeme Massie25 April 2022 23:18

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Trump says he gained’t return to Twitter however calls Elon Musk ‘a great man’

Donald Trump has stated he won’t return to Twitter following the information that Elon Musk has purchased the platform the previous president was banned from.

Mr Trump made the announcement that he wouldn’t rejoin twitter regardless of the Tesla boss’s $44bn buy, and as an alternative stated he wold use his personal platform TRUTH Social.

Graeme Massie25 April 2022 22:21

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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 purple hearts, capturing stars and rocket ship emojis, above his assertion on the deal.

Graeme Massie25 April 2022 21:43

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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 purple hearts, capturing stars and rocket ship emojis, above his assertion on the deal.

Graeme Massie25 April 2022 21:06

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White home says Biden ‘has lengthy been involved concerning the energy of enormous social media platforms’

White Home press secretary Jen Psaki instructed her Monday press briefing that she was “not going to touch upon a selected transition” however reiterated that the administration continues to imagine that “regardless of who owns or runs Twitter, the president has lengthy been involved concerning the energy of enormous social media platforms” and burdened that “tech platforms have to be held accountable for the harms they trigger.”

She pointed to bipartisan curiosity in Congress for antitrust measures and reforming part 230 of the Communications Decency Act.

And he or she added: “Our considerations aren’t new. We’ve lengthy talked about, and the president has lengthy talked about, the powers of social media platforms … to unfold misinformation, disinformation [and] the necessity for these platforms to be held accountable.”

Graeme Massie25 April 2022 20:43

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Twitter broadcasts firm shall be bought to Tesla titan Elon Musk for $44bn

Twitter has introduced that the social media firm shall be bought to Tesla titan Elon Musk for round $44bn.

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.

Graeme Massie25 April 2022 20:20

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Elon Musk’s ten most notable tweets, from Covid-complaints to Invoice Gates and Joe Biden-bashing

Tesla CEO and billionaire-personality Elon Musk has come one step nearer to taking management of America’s most hotly debated social-media platform, Twitter, following his $46.bn (£36.6bn) bid for the San Fransisco-based agency.

Forward of an anticipated announcement from Twitter of Musk’s takeover on Monday, The Impartial has listed the billionaire’s hottest and controversial tweets from his 12 years and 10 months on the location, that includes Covid-19, the local weather disaster and extra.

Graeme Massie25 April 2022 20:10

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Twitter broadcasts firm shall be bought to Tesla titan Elon Musk for $44bn

Twitter’s board broadcasts that the corporate shall be bought to Elon Musk for round $44bn.

Graeme Massie25 April 2022 20:03

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What are Elon Musk’s politics?

Elon Musk has claimed that he desires to remain “out of politics” however has made quite a few criticisms of the US authorities.

The 50-year-old’s precise politics could be exhausting to pin down. He has donated typically to each Democrats and Republicans whereas variously declaring himself a “reasonable”, a “socialist”, and “socially liberal and fiscally conservative”.

Based on 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 virtually 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 steadiness has fluctuated through the years: in 2006, 2013 and 2017 he donated overwhelmingly to Republicans, whereas in 2015 he gave solely to Democrats.

(The Impartial)

Graeme Massie25 April 2022 19:47

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