The Twitter board has agreed to sell the company billionaire Elon Musk for $ 44 billion (£ 34.5bn). Mr Musk, who made a surprising decision to buy the company two weeks ago, said Twitter had "great potential" that would be unveiled.
The 50-year-old acquired the company at $54.20 a share, the same price named in his initial offer on April 14.
However, in a tweet last night, Musk urged his critics to remain on Twitter because that is what free speech means.
He tweeted: "I hope that even my worst critics remain on Twitter, because that is what free speech means.
"And be my love in the rain," he added.
Recall that Musk has offered to buy Twitter for $43 billion earlier this month.
Musk, the world's richest person according to Forbes, with an estimated net worth of $ 273.6 billion, most of which he gets from his shares in the automotive company Tesla, which he owns. He also leads the space travel company SpaceX. announced the offer in a filing with the U.S. Securities and Exchange Commission.
Elon Musk loves Twitter. He has a huge following of 83.3 million people. You send a lot of Twitter messages, sometimes controversial, rarely.
The SEC banned him from sending Twitter messages about Tesla's affairs after one of his messages ended up costing $ 14 billion in shares, and he was charged with defamation, following a Twitter message he sent about a cave dancer who called him a "pedo guy" ( lost cave diver). But he has never stopped sending Twitter messages
Twitter on the other hand has very little interest in Elon Musk.
You can imagine, if someone offered you a $ 44 billion offer for a 16-year-old businessman who still hasn't really enjoyed his competitor's growth, he's helping you - and Twitter shareholders seem to be agreeing.
He wants to see Twitter "his amazing ability", he says - and he doesn't even want to make money through Twitter. He already has enough, and this billionaire may have different priorities to give him money.
Twitter responded by directly defending itself, putting in place a "toxic pill" strategy that prevented anyone from owning more than 15% of its shares even though Musk's allies thought the deal had now been reached.
Perhaps the Twitter board was outraged by Musk's announcement that he wanted to see more of "freedom of expression" and less Twitter control.
Many Republicans, who have long felt the Twitter control policy, favored the freedom of expression of left-wing views - cheered.
But regulators around the world are banding together to crack down on social media and force it to expose itself to the content of those networks, and to impose fines on lawbreakers for provocative statements, or insults, or hate speech.
Can Musk use Twitter to pay incentives in volatile, insecure online currencies such as Bitcoin?
Let's not forget the money. Twitter's main trading platform is based on business — and Musk wants to change that.
He wants more online registration, claiming what can be seen as difficult sales in an environment where all major social networks can be free to use.
Twitter users may decide not to use their data for financial gain and are willing to pay for it — but it is a matter of chance.
He wants online currencies like crypto-currencies. What if he used the Twitter platform for incentive payments in the complexity of unprotected currencies such as Bitcoin ?.
And then there's Musk himself. He is the richest man in the world, a successful entrepreneur whose successes include PayPal and Tesla. He is an influential person - something that can make him do anything. They like to try things that seem complicated and break the rules.
There is a reason why he refused to join the Twitter board after buying 9.2% of his shares in January - he did not want to be held accountable.
And he has a fan base of fans who envy him - I once sent a Twitter message about the fact that, because of the way his money is structured (his wealth is more based on stock than income, and he owns property) - he does not pay income tax.
How can I say that he can be, intelligent and we should thank him, I was answered.
In a tweet, aptly, Dorsey said that the Tesla CEO is the “singular solution" he trusts for running the company.
Dorsey, who took Twitter public in 2013 and owns a 2.36% stake in the company, said in a Twitter thread that he has always regretted the business model that has been necessary for Twitter to function, lamenting that the app has been “owned by Wall Street and the ad model.”The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.
— jack⚡️ (@jack) April 26, 2022
Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive” is the right one. This is also @paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path...I believe it with all my heart.
— jack⚡️ (@jack) April 26, 2022
Ironically, Twitter threads—like the one Dorsey used to endorse Musk—might become a thing of the past under the platform's new owner. Earlier this month Musk said the existence of Twitter threads shows that a long-form post function is well overdue.
but jack on twitter finish by saying
''I’m so happy Twitter will continue to serve the public conversation. Around the world, and into the stars!
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