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Elon Musk buying Twitter

Posted by M H on April 26, 2022 - 9:53am Edited 4/26 at 9:53am

The social network Twitter was opened to the public almost 16 years ago, on July 15, 2006. It allows users to post and read posts posted by other users, known as tweets.
US billionaire Elon Musk has agreed to buy the Internet company Twitter for $ 44 billion. The company announced it 25th April 2022. Musk will gain control of the influential social network used by millions of people around the world. Following the completion of the transaction, Twitter shares will be withdrawn from the exchange they entered in 2013.

Already in early April, Musk announced that he had bought a 9 percent stake in Twitter. In mid-April, he came up with an offer to take over the entire company. The company said today (25th April) that its board of directors unanimously approved the transaction.

Now the agreement has yet to be approved by shareholders and regulator.
According to Musk, it is necessary for Twitter to be transferred to private ownership in order for it to develop and become a real platform for free expression.

"Freedom of speech is the foundation of a functioning democracy, and twitter is a digital square where fundamental issues for the future of humanity are discussed," Musk said in a press release to Twitter today. "Twitter has huge potential. I look forward to working with this company and the user community to leverage it," he added.

The future of Twitter is uncertain,  boss Twitter CEO Parag Agrawal told employees after announcing the deal. 
The takeover is expected to be completed within a few months, with Musk indicating for a long time that he wants to fundamentally change the way the social network works with tens of millions of users around the world.
However, the details of his plans, which apparently concern the moderation of the content and transparency of the platform, are not clear, which is also reflected in Agrawal's words. "Once the agreement is reached, we do not know which direction the platform will go," he told Reuters.
According to Musk, it is necessary for Twitter to be transferred to private ownership in order for it to develop and become a real platform for free expression.

Comments from web:

And it has recently been written that shareholders will try to dilute Musk's share and somehow prevent a "hostile" takeover. Suddenly he buys Twitter. The turnaround is really interesting.

....
As the rich man begins to buy the media, his entry into politics approaches.

                           Thanks for reading

                                                                Margaret



 

MC MULTIMEDIA Will you believe a man who announces to the world that he has invested in Doge coin, which ostensibly gave Doge a bull ran in 2021 only to crush the whole crypto market 2 weeks later with his Diabolic tweet that Crypto mining is a contributing factor to Global Warming and Climate change. The man knew that already yet he went ahead to tell the world that Tesla will sonn accept Bitcoin as mode of payment. Doing my analysis, I realised Musk leveraged on his porpularity to fool the world. I smell the crush of Twitter ahead. Musk Social will soon be launched... Don't say I did not warn you..
May 4, 2022 at 12:19pm
Edited 5/4 at 12:20pm
Heiko Closhen Which order? The Putin order? The Musk order?
April 28, 2022 at 1:31pm
Heiko Closhen Not so good future for twitter. Thanks for sharing.
April 27, 2022 at 3:39pm
Don Kepple A lot of folks believed at one time that Musk is a liberal. And he may well be. At this point it's hard to say. Liberals in the US don't believe in capitalism any more. They want to take away our freedom of speech, religion, etc. If Musk is indeed a liberal, then he is quite the anomaly. In any case, I applaud all of his efforts. In my opinion, and you can stop me if I'm wrong, everything the man has accomplished has been for the benefit of mankind.
April 27, 2022 at 1:01am
Saidu Sesay Thanks for sharing.
April 26, 2022 at 5:01pm
Joseph Stasaitis Thank for sharing this info Margaret.
April 26, 2022 at 12:51pm
Simon Keighley Interesting times ahead if Musk removes the bots and delivers on freedom of speech. Thanks for sharing, Margaret.
April 26, 2022 at 11:24am
Edited 4/28 at 2:12pm
Melody Christie only time will tell if Twitter will really be a platform for free expression
April 26, 2022 at 10:43am
anthony hambrick secret evil
April 26, 2022 at 10:35am