Twitter will be Musk's privately held company
Editor's note: On April 25, Iron Man Elon Musk once again demonstrated his "banknote ability" and bought the entire child Twitter for $44 billion (about 287.32 billion yuan), and Twitter will become Musk's privately controlled company. The deal, which has received unanimous approval from Twitter's board of directors but still requires shareholder and regulatory approvals, is expected to close in 2022. Musk went from investing in Twitter to becoming a majority shareholder, to launching an acquisition proposal, to announcing an acquisition, in just 10 days. It took only 11 days for the Twitter board to boycott the acquisition to the final nod!
Musk with ex-wife Dalula Riley
Affected by the news of the acquisition, Twitter closed up 5.7%, hitting a new high since November 2021. Under the terms of the agreement, Twitter shareholders would receive $54.20 in cash for each twitter ordinary share held by Twitter shareholders upon completion of the proposed deal. The purchase price was 38 percent higher than Twitter's closing price on April 1, 2022, the last trading day before Musk disclosed that he held about 9 percent of Twitter. Musk has recently been pushing Tesla to accept Dogecoin as a payment method for certain commodities, and some analysts believe that Musk will use Dogecoin as one of the payment methods after taking over Twitter, and the virtual currency can be said to be popular by Musk.
Musk holds Red Dogecoin in one hand
Will Trump appear on his own social media platform Truth Social within a week? Sure enough, there is money to do whatever it wants, and what the PRESIDENT did not do, Musk did. Twitter blocked Trump's account, and Musk bought Twitter. On January 6, 2021, Twitter banned Trump's account on the grounds of "violating community regulations", and now everyone is concerned about when trump can be released, after all, is the lack of Trump's Twitter still called Twitter? Musk has yet to take a public stand, and the stubborn Trump has taken the initiative to declare, "The way Twitter treated me disappointed me, and I will not go back to Twitter." Within a week, I'll be on my own social media platform, Truth Social! ”
Trump and his wife Melania
Musk wants to keep his harshest comments on him? Musk said in a statement, "Twitter is a digital town square to debate issues that are vital to the future of humanity." I also want twitter to be better than ever, to enhance the product by adding new features, to make the algorithms open source to increase trust, to beat spam bots, and to authenticate everyone. Twitter has tremendous potential — and I look forward to working with the company and the user community to unlock its potential." "How big does he think it is? In a tweet on Monday, Musk said, "I hope that the harshest comments on me will be kept on Twitter." ”
Musk and youngest son X A-12 Musk