Musk wants 100% of Twitter, quiz of the week and what matters in the market

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In a week marked by the releases of indexes that showed persistent inflation around the world, other news has also stirred the local market in recent days.

Take the quiz to see if you’re on top of what happened this week:

Musk wants Twitter all to himself

What many people imagined happened. Elon Musk announced on Thursday (14) a proposal to buy Twitter for about US$ 43.4 billion (R$ 197 billion), saying that the social network needs to become a private company to have effective changes.

Understand the case: The owner of Tesla and SpaceX is one of the most influential users on the platform and began his offensive in March, when he bought 9.2% of the shares – the acquisition was announced earlier this month.

Since then, he was invited to the company’s board of directors, but gave up the chair and began to criticize the network even more. Should he take over, Musk would also be limited to buying, at most, 14.9% of Twitter’s actions.

The ofert: the billionaire sent to the SEC (American CVM) a proposal to pay US$ 54.20 (R$ 255) per share and stated that it was a goodwill of 38% on the share price on April 1 (before the first purchase was announced).

• On Thursday, they followed the rest of the market and closed at a low of 1.68%a $45.
• In the offer, Musk said his goal was to “unlock” the company’s potential to become “the platform for free speech around the world.”
• He even hinted that he could sell his stake in Twitter if that offer, which is “the best and the last”, is turned down.

Have the money? Musk’s fortune is valued by Forbes at US$ 264.6 billion (R$ 1.16 trillion), but he doesn’t have that money in hand.

Repercussion:

During the event, he also commented on his ideas for the social network, saying that it should avoid deleting messages and that it would prioritize eliminating spam and Twitter’s “bot” armies,

He even defended the idea of ​​temporary suspensions rather than permanent exclusions. Here comes the case of former US President Donald Trump, who was banned from the platform after the protests on Capitol Hill.

New Petrobras president defends continuity

After having his nomination for the presidency of Petrobras confirmed by the company’s board of directors, José Mauro Coelho said this Thursday that the state-owned company’s pricing policy is “necessary” for the country.

Maintenance: he also gave continuity to the state-owned company’s strategies of focusing investments on pre-salt exploration and production and prioritizing refining operations in regions close to oil production and the largest markets.

why it matters: Coelho was the government’s second choice to replace Silva e Luna, who was fired from the company’s command after the mega-increase in fuel prices last month.

• The continuity of Petrobras’ policies is not a surprise to the market, both because of the profile of the new president and the company’s statute.
• The state-owned company adopted a series of measures after Lava Jato to shield itself from political interference (see what they are here).

Defeat for the government: at the meeting that approved Coelho’s name for the board, on Wednesday (13), the Union lost one more seat to minority shareholders.

• Now, there are six government representatives, four of the minority and one of the state-owned workers.
• The company also planned to discuss the item on changes to the company’s bylaws with the aim of improving governance, but the MME (Ministry of Mines and Energy) asked for the topic to be removed from the agenda for the day.
• The justification was that the ministry did not have the opportunity to appreciate the measures, which the Petrobras Governance director denies.

take a break

The series follows the trajectory of the entrepreneurial couple Adam and Rebekah Neumann (Jared Leto and Anne Hathaway) and the rise and fall of the startup he created, WeWork.

Remember: The story of WeWork, founded in 2010, is one of a company that piggybacks on a crisis –in this case, that of 2008– to create something innovative and soon becomes a darling of venture capital investors.

• Starting from the very expensive rents in large centers, WeWork’s strategy was to rent entire buildings and sublet tables or rooms to those who could not afford a space of their own. In her prime, she came to be US$47 billion.
• But things went awry when the startup filed for an IPO and had to expose the details of its accounting to the market. Everything was based on future expectations, but in the present the damage was growing.

To make the situation worse, had governance problems. Adam Neuman, then president, was accused of discriminating against employees, serving tequila when firing people, and failing to reimburse workers for meals that included red meat.

• From there, the company backed out of its IPO, Adam was removed from office, and WeWork had to draw on billions from its investors to keep from going bankrupt.

Ahead of good ideas and business, however, what really drives the plot of “WeCrashed” is Adam and Rebekah’s relationship, which Anne Hathaway describes as being full of chemistry and also very complicated.

Review: ‘WeCrashed’, of the series of picks, is the one that most sums up our times, says Folha columnist Luciana Coelho.