Elon Musk to acquire Twitter in $44 billion deal

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The social media giant confirmed Monday the Tesla CEO and billionaire will acquire the company in a deal worth $44 billion.

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said in the proposal. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

, but also from Facebook, Instagram, and Snapchat following the Capitol riot on Jan. 6, 2021. Twitter banned Trump, citing several of his tweets in connection to the deadly riot as inflammatory and warned of"the risk of further incitement of violence." She said the president has “long argued that tech platforms must be held accountable for harms they cause” and supports, the law that undergirds much of how social media operates in the U.S., and new antitrust reforms to require more transparency.

Ives added that the Twitter board bought some extra time with the"poison pill" but ultimately had to get to the negotiation table with Musk to get this deal done as"the clock struck midnight on Twitter's history as a public company.", global sector lead for technology media at Third Bridge, said in a statement that “it seems that major changes are ahead for Twitter if Musk succeeds, but the specifics at this point are pretty lacking.

 

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Twitter Shares Rise as Company Announces It Approved Musk's $44 Billion Acquisition BidDo you care who owns Twitter? Why or why not? Let us know and we may feature your response in our 7 p.m. newscast. I don't care who owns twitter, but if elonmusk thinks hecan can buy free speech with this move, I think he's been benching on Putin-pops. I care! I can’t afford to pay! It should remain free to us, he buy his computer and call it his own he wants to ruin it for all of us! I am pissed off because I have a wonderful friend forever! No
Source: nbcbayarea - 🏆 596. / 51 Read more »

Elon Musk acquires Twitter for roughly $44 billionThe company’s board and the Tesla CEO reached an agreement on his $54.20 a share bid. Goodbye Twitter Bezos & Gates on a conference call rn, getting ready for a flood of Twitter refugees if Elon let's the Nazis back. FBI US CONGRESS-ALREADY LEGALLY INFORMED-STATED TO THE HouseIntel & OversightDems-11/28/20-I will be taking all of the assets of the coalition of Civilized Nations and their loyalists.This was determined between 2003-2005.I.e.Rupert Murdoch,Mark Zuckerberg,Elon Musk,etc.-API🌅
Source: washingtonpost - 🏆 95. / 72 Read more »

Elon Musk Agrees to Buy Twitter in $44 Billion DealBreaking: Twitter accepted Elon Musk’s bid to take over the company, giving the world’s richest man control over the influential social-media network That's how oligarchs work. The US is pretty close to becoming a copy of Russia AndyAuGustin once asked how Twitter would be profitable…we’re about to find out 🥲 Great but we need to hold to his word, free speech for all! Doesn't matter which side of the aisle you are on. Minimum rules, no hate speech and inciting violence! Twitter and other social media facilitators are not capable of determining 'misinformation'. At least so far!
Source: WSJ - 🏆 98. / 63 Read more »

Twitter accepts Elon Musk’s $44 billion bidMusk, who has said he wants to buy Twitter in order to restore the platform’s adherence to free speech principles, will pay $54.20 per share for the company, which he has vowed to take privat… YAY! congratulations Elon! Cannot wait to delete this app
Source: nypost - 🏆 91. / 67 Read more »