NEW YORK, April 25 (Reuters) — Elon Musk Twitter a deal to purchase Twitter Inc (TWTR.N) for $44 billion in cash on Monday in a deal that will hand over control over the social media platform, which has millions of users, and its most influential executives to the world’s most powerful person.
It’s a significant moment to celebrate the company’s 16th year as it is a part of one of the most famous public squares. The company is currently working on a range of issues.
Musk is a man who is a proponent of freedom of speech. Musk is a critic of Twitter’s moderation. Musk wants the algorithm used by Twitter to judge tweets’ value in terms of being open and public and is opposed to the restriction of the service to advertisers.
Many political activists think that the Musk administration will lead to more moderate politics and the reinstatement of those that were previously exiled, such as ex-President Donald Trump. Learn more Conservatives are embracing the idea of less oversight. But, some human rights groups have voiced worries about the growth of hate speech. Find out more
Musk is also a proponent of tweaks that are friendly to the service, like editing buttons or even removing “spambots” that send massive negative tweets.
Discussions about the deal seemed to be a bit hazy. The pace of discussions accelerated during the weekend when Musk caught the interest of Twitter shareholders when he shared details regarding the financing plan for the deal.
In response to the demands of investors, Twitter initiated talks with Musk to purchase the company for $54.20 per share. Learn more
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk declared via an official announcement.
The former Twitter CEO, Jack Dorsey, weighed on the deal in the early morning hours of Monday tweeting. He expressed his appreciation to Musk and the current Twitter Chief Executive Officer, Parag Agrawal, for “getting the company out of an impossible situation.”
“Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step,” said the CEO.
Twitter shares rose 5.7 percent on Monday, to finish at $51.70. It’s an increase of 40% over their price. The deal was closed earlier when Musk made it clear that he’d purchased an investment of nine percent.
The retired Twitter Chief Executive Officer Jack Dorsey entertained on the deal late Monday. He tweeted his appreciation to Musk and presented Twitter CEO Parag Agrawal for “getting the company out of an impossible situation.”
“Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step,” said the CEO.
Twitter shares jumped 5.7 percent Monday, to end at $51.70. This is a 40% rise from the price they traded the day. Musk revealed that he had bought a 9 percent stake the day before.
Keywords:
elon musk dogecoin
dogecoin elon musk
elon musk tweet
elon musk doge
elon musk tweets
elon musk meme
elon musk net worth
elon musk wife
elon musk spouse
elon musk kid name
elon musk dogecoin
grimes and elon musk
twitter elon musk
elon musk age
elon musk and grimes
elon musk bitcoin
elon musk house
elon musk kids
elon musk bernie sanders
elon musk girlfriend
elon musk grimes
elon musk kids name
elon musk son name
dogecoin elon musk
spend elon musk money
who is elon musk
elon musk aspergers
elon musk internet
elon musk tesla
how tall is elon musk
elon musk crypto
elon musk tesla stock
how tall is elon musk
how much money does elon musk make a second
elon musk twitter doge
dogecoin news elon musk
elon musk tweeter
elon musk twitter dogecoin
ratcoin elon musk
amber heard and elon musk
dont look up peter isherwell elon musk
elon musk haiti
padre de elon musk esmeraldas
elon musk accent
elon musk cardano
elon musk net worth 2022
elon musk selling tesla stock
elon musk vaccinated
entreprenuership research project elon musk
did elon musk get the covid vaccine
did elon musk get the covid vaccine
doge elon musk coin
elon musk fat
elon musk latest tweet
elon musk portable nuclear reactor
elon musk trump
is elon musk african american
is elon musk vaccinated against covid
weekend update elon musk
why do people hate elon musk
elon musk and dogecoin
elon musk in the news
elon musk safemoon tweet
elon musk teitter
fuck elon musk
what degree does elon musk have
