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Elon Musk To Acquire Twitter For $44 Billion

Elon Musk to acquire Twitter for $44 Billion. This is one of the biggest news trending this time everywhere.

By Tanya Verma

Updated on 02-05-2022

Whats New Dawg
You don't even need 250 lines to convey this vital information: Elon Musk recently purchased Twitter. Furthermore, for weeks, the Tesla CEO and SpaceX creator has been coiling Twitter, using the famous social media platform to announce both his plans and his continued displeasure with the platform in its current form. Moreover, Musk will pay $43.4 billion – nearly $54.20 per share – in a tender offer that will give him control of the company after lining up the money (his own plus substantial help from Morgan Stanley). Though, the deal is now seeking regulatory approval. With Twitter's earnings report just days away, the new owner will likely show up during the company's Q1 earnings call – leastwise just to say "hi," and refuses to answer most analysts' questions straightly. "Free speech is the foundation of a functional democracy, and Twitter is the virtual town square where issues crucial to humanity's future are a part of the debate," Musk said, announcing the purchase. "I also want to make Twitter finer than ever by enriching the product with new features. Making the conclusions open source to increase trust, defeating the spambots, and corresponding to all humans. Twitter has spectacular potential – I look forward to working with the company and the community of users to unlock it." Also, you can check these to socia media tools to use in 2022. 

The IBC and CEO of Twitter

However, Twitter's Independent Board Chair, Bret Taylor, stated in the announcement that "The advance transaction will deliver a big cash premium, and we believe it is the best path forward for Twitter's stockholders." Therefore, Twitter's CEO and the person who may work most closely with Musk, Parag Agrawal, stated in the announcement that "Twitter has a purpose and applicability that influences the entire world. Extremely proud of our teams and inspired by the work that has never been more essential." Although, he especially did not reference Musk straightly. As a matter of fact, Musk's success comes after a broad road to ownership: First, he purchases almost 10% of Twitter shares, giving him a seat at the table and inviting him to the board. As, Musk accepted and then just as fastly backed out. But he was not completed. Soon, he was giving $43 billion to the company, which fomented Twitter's board to adopt a poison-pill plan. That would have sold low-cost shares to shareholders had Musk sought to purchase more than 15% of the company's shares. Additionally, Musk, who has been a member of the platform since 2009, soon returned to a public offering. That means he has to come up with the entire sum to buy the company. As well as, Musk has acquired the funds as of last week. Also, Musk and Twitter's management team met in person over the weekend to finalise the specifics. Then, do check out top 10 richest people in the world

A bumpy road

However, not everyone is excited at the lookout for a Musk-owned Twitter. In the run-up to the declaration, #RIPTwitter was trending on the stand. Therefore, as for what comes next, Musk has made clear his objectives. Like to make sure that Twitter abetment free declamation from all corners (the implication being that it currently does not, though there is no experimental evidence to support this). Similarly, including that of former President Trump, he may revisit some user bans. In addition, he'll probably open-source Twitter's code. Furthermore, Musk, a fan of blockchain and NFTs, might drive the platform more assertively into crypto space. Moreover, Musk's growth plan will most enthral investors and backers. Also, Twitter has done an elegant work of creating more revenue from ongoing users. But its growth has been relatively slow and flat in recent years. Then, it's not clear that Twitter could ever have the broad-based, global appeal of Facebook (which has its own growth struggles) or TikTok. Likewise, it's not clear what Musk can do to re-energise some of Twitter's most prominent celebrity accounts. In the same way, Musk will possibly fast-track the already-under-development Tweet Edits feature. Since he made it clear during the additional effort that he's a fan.

What will Elon do?

Elon Musk To Acquire Twitter For $44 Billion What happens further depends on Elon Musk, or preferably the Elon Musk who shows up to run Twitter. Will it be the fantastic, sure hand that always barges astronauts and supplies to the International Space Station through SpaceX? The man who primarily generated the EV market with Tesla? Maybe. Whereas, it might also be the man who recklessly tweets his inner ID and EGO. As, who jokes that "The next Twitter board meeting's gonna be lit," with a photo of him smoking a joint on Joe Rogan's podcast. Thus, there sometimes seems to be a bit middle of the road for Musk. Who is both highly successful and wealthy and highly impulsive and emotional. Furthermore, the fear that Musk will let the bad element back on Twitter – Nazis, trolls, anti-vaxxers, Donald Trump, and so on – is real. Additionally, a free-speech absolutist might demand ALL voices be heard, even the dangerous ones. Still, Musk doesn't honestly know the inner workings of Twitter's extensive (and still flawed) content moderation system. He soon will. Moreover, that may inspire some different and more rational thinking. About how to excite and energise Twitter for the future while covering the most unprotected who still use it every day.

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