331
118 shares, 331 points

Twitter announced that Elon Musk has accepted an offer to buy the company for $44 billion. Musk bought the company at $54.20 per share at the price stated in his initial offer on April 14.

Musk, regarding the purchase, said, “Freedom of speech is the cornerstone of a functioning democracy, and Twitter is the digital town square where issues vital to the future of humanity are discussed. I also want to make Twitter better than ever by enhancing the product with new features, open-source algorithms to increase trust, defeating spam and verifying the identity of all people.” used the expressions.

Twitter CEO Parag Agrawal said, “Twitter has a purpose and level of interest that affects the whole world. We are deeply proud of our teams and inspired by the work that matters more than ever before.” said.

Twitter’s Board of Directors unanimously approved the deal, expected to close in 2022, subject to regulatory and shareholder approval. Elon Musk has provided $25.5 billion in full commitments in debt and margin loan financing and approximately $21 billion in equity commitments. There are no financing conditions for closing the transaction.

It’s unclear what impact Musk will have on Twitter or where to start with the changes. When Musk first announced his 9.2 percent stake in Twitter, he surveyed Twitter users about the creation of an edit button that Twitter was already developing. He then suggested mixing ads from Twitter Blue, lowering the subscription price and adding Dogecoin as a payment option.


Like it? Share with your friends!

331
118 shares, 331 points

What's Your Reaction?

hate hate
1226
hate
confused confused
736
confused
fail fail
368
fail
fun fun
245
fun
geeky geeky
122
geeky
love love
981
love
lol lol
1104
lol
omg omg
736
omg
win win
368
win
Michael Lewis

Emperor

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format