Motion – matte by Elon Muskas late Monday night “closed” the gold deal to obtain it Twitter against $ 44 billion. With this big deal, the quirky billionaire gets one of the most influential public debate venues in the world.
Elon Musk celebrated the closing of the deal by tweeting.
Ess ♥ ️ Yesss !!! ️💫🚀 ️💫🚀 pic.twitter.com/0T9HzUHuh6
– Elon Musk (@elonmusk) April 25, 2022
“Uncertain” is the future of Twitter after the acquisition, says the executive director
THE Twitter CEO Parag Agrawal told reporters yesterday that the future of the social networking platform is uncertain after redemption by billionaire Elon Musk.
He was speaking during a gathering of company staff.
Musk will accept questions by Twitter staff later, as the company announced to employees.
As Agrawal listened to questions about Musk’s plans for the company, possibility of redundanciesbut also the thoughts of the company’s board of directors on the same agreement, avoided several questions, arguing that these should be answered by Musk.
Musk has stated that Twitter should be a platform that promotes freedom of speech.
Workers asked Agrawal if former President Donald Trump, whose Twitter account was permanently suspended last year, would be able to get back on track after Musk took control.
“Once the deal is closed, we do not know in which direction the platform will go,” Agrawal said in response to a question from Trump. “I think when we have a chance to talk to Elon, it will be a question we have to ask him.”
Agrawal told workers there were no plans for layoffs.
Brett Taylor, chairman of Twitter’s board, aimed to reassure employees that the deal with Musk had given priority to “operational continuity” until the deal was closed.
“I think we feel very comfortable that (the deal) gives this team the ability to continue to make the company successful, between signing and closing the transfer,” Taylor said.
No comment from the White House
THE White House declined to comment on Monday night takeover agreement of Twitter Inc by billionaire businessman Elon Musk.
However he noted that US President Joe Biden is worried for a long time for the power that social networking platforms have gained.
Trump: I’m not going back on Twitter – I’m making my own
THE former US President Donald Trumponce a fanatical Twitter user whose account has now been suspended, told Fox News that he will officially open an account in his own company Truth Social within the next seven days, as he had already planned to do.
The background to the deal – What Musk wants to change on Twitter
The businessman agreed to pay $ 54.20 per share and has stated that he intends to withdraw the company from the Stock Exchange which was introduced in 2013.
Musk, who made the shocking bid less than two weeks ago, said Twitter had “huge potential” that he wanted to “unlock”.
He also asked for one series of changes from easing content restrictions to eliminating fake accounts.
The company initially rejected Musk’s offer, but will now ask shareholders to vote to approve the deal.
Musk is the richest man in the world, according to Forbes magazine, with an estimated net worth of $ 273.6 billion, largely due to his involvement in the electric vehicle maker Tesla, which he runs. He also leads the aerospace company SpaceX.
“Freedom of speech is the foundation of a functioning democracy, and Twitter is the ‘digital square’ of the city where issues of vital importance to the future of humanity are being discussed,” Musk said in a statement announcing the agreement.
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