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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 pays $54.20 money per share for the San Francisco-based firm, which can now be taken personal after days of intense negotiations between the entrepreneur and the platform’s board.
“Twitter has a function and relevance that impacts all the world. Deeply happy with our groups and impressed by the work that has by no means been extra essential,”stated Parag Agrawal, Twitter’s CEO.
The board introduced it had reached a cope with 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 individual made his transfer for the corporate by asserting his 9 per cent stake.
Mr will possible make some important adjustments 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’ll be able to comply with all the most recent developments from Musk’s Twitter takeover bid in our stay protection under.
Twitter CEO admits they ‘don’t know’ what’s going to occur to firm below Musk
Twitter’s CEO has advised staff 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 staff at a city corridor assembly simply hours after the cope with the Tesla boss was introduced, in accordance 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 advised workers that Mr Musk will maintain a question-and-answer session for them at a future date.
Graeme Massie25 April 2022 23:50
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). In consequence, Twitter will now be a privately owned firm.
Nicole Vassell has the story.
Graeme Massie25 April 2022 23:18
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 crimson hearts, taking pictures stars and rocket ship emojis, above his assertion on the deal.
Graeme Massie25 April 2022 21:06
White home says Biden ‘has lengthy been involved in regards to the energy of huge social media platforms’
White Home press secretary Jen Psaki advised her Monday press briefing that she was “not going to touch upon a selected transition” however reiterated that the administration continues to imagine that “irrespective of who owns or runs Twitter, the president has lengthy been involved in regards to the energy of huge social media platforms” and burdened that “tech platforms should 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 issues are usually not 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
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 desires to remain “out of politics” however has made quite a few criticisms of the US authorities.
The 50-year-old’s precise politics will be onerous 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”.
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 stability has fluctuated over time: 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 below 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 identification of the corporate.
Mr Dorsey, who got here to the tech world after twice dropping out of college and changing into an authorized 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 appears to be like 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 yr 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 1000’s of deaths within the US.
John Bowden has extra particulars.
Graeme Massie25 April 2022 18:21
Elon Musk will carry Trump again to Twitter — and that’s just the start
Mr Musk claims he desires to push Twitter to permit extra free speech. However actually he’s simply altering the editorial stance of a personal firm to publish extra conservative speech, like Fox taking up the New York Instances.
Graeme Massie25 April 2022 18:06
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