Elon Musk buys Twitter for $ 44 billion
Elon Musk has proposed a new name for Donald Trump’s Truth Social app after accusing Twitter, which has just agreed to buy $ 44 billion, of censorship.
The Tesla boss, whose takeover of the San Francisco-based platform was announced earlier this week, took to Twitter to compare it to the former president’s own social media company.
“Truth Social (a terrible name) exists because Twitter censors freedom of speech,” tweeted Mr Musk. It should be called Trumpet instead!
]Musk will pay $ 54.20 in cash per share for the San Francisco-based company, which will now be private after days of intense negotiations between the developer and the platform’s board.
The board said it struck a deal with Musk on Monday and was a 38 percent bonus on the closing price of Twitter on April 1, the day before the world’s richest man made his move for the company, announcing his nine percent stake.
Musk is likely to make some significant changes to the social media platform after making several hints in recent months about his intentions. This comes after Musk Dorsey’s friend resigned as chief executive and Parag Agraval took office.
Key points
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Does Elon Musk buy Twitter, does it deter you from using it?
ICYMI: As hundreds of thousands of people seem to be leaving Twitter after the news came out that Elon Musk had bought it, we are conducting a reader survey to see how buying has changed consumer opinion.
We will have the results for you as soon as we have them.
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Graham Massie April 27, 2022 8:15 p.m.
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Elon Musk is proposing a new name for Trump’s Truth Social app as he accuses Twitter of censorship
Elon Musk has proposed a new name for Donald Trump’s Truth Social app after accusing Twitter, which has just agreed to buy $ 44 billion, of censorship.
The Tesla boss, whose takeover of the San Francisco-based platform was announced earlier this week, took to Twitter to compare it to the former president’s own social media company.
Graham Massie April 27, 2022 7:43 p.m.
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Buying Elon Musk on Twitter entirely
The comprehensive dossier to the US Securities and Exchange Commission contains more than 46,000 words – the length of a short novel – but as you read it, there are some interesting details.
Among them is a clause that Twitter should stop actively looking for a new or alternative buyer, but if someone approaches with a better offer, then one can consider. If Twitter cancels the deal with Elon Musk, he will have to pay him $ 1 billion. In particular, if “Twitter terminates the Merger Agreement to allow Twitter to reach a final agreement on a competitive acquisition proposal, which is a Superior Offer.”
The full dossier on the SEC website can be found here.
Anthony Cutbertson April 27, 2022 4:33 p.m.
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Who exactly is Elon Musk?
This is the question asked by Andrew Buncombe in his last piece: “Will the real Elon Musk stand up?”
– Is he a loving family man with seven children with an intriguing name. Or he’s the shocking assailant who smokes weed while chatting with Joe Rogan, is on trial for making unusual allegations that someone is a “male pedo,” and is accused by the Federal Financial Supervision Authority of speaking out about taking Tesla privately. Was the $ 40 million fine he later tweeted worth?
You can read the whole piece here:
Anthony Cutbertson April 27, 2022 3:58 p.m.
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Trump’s Truth Social tops iPhone app download after Musk’s Twitter deal
Former US President Donald Trump’s social media platform Truth Social was the most downloaded free iPhone app on the App Store on Tuesday after Tesla boss Elon Musk’s deal to buy Twitter for $ 44 billion.
Truth Social withdrawals have reportedly increased to 75,000 for the week of April 18-25.
The relative positions in the download charts of Truth Social and Twitter were noted in a tweet by Musk himself, who presented the information without further comment late Tuesday:
The number of downloads of Truth Social increased by 150% over the previous week, according to data from Sensor Tower, a company that monitors performance for mobile applications.
This jump in downloads of Truth Social comes after reports that downloads have fallen after a confusing launch of the platform.
The former US president’s application has been downloaded about 1.4 million times since its launch in February.
Read the whole story here.
Anthony Cutbertson April 27, 2022 06:22
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Please, the real Elon Musk will stand up?
ICYMI: The man who learned to calculate at the age of 10 can now sit in an unprecedented relationship of power and influence, writes Andrew Buncomb.
Graham Massie April 27, 2022 05:00
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Twitter says mass account deactivations after Musk takeover were “organic”
Following the announcement that Tesla boss Elon Musk will buy Twitter, several popular accounts, including that of former President Barack Obama, and singers Katy Perry and Taylor Swift saw a drop in followers by hundreds of thousands.
The social media company has already confirmed that these account closures were largely “organic” rather than automated deactivation of bots and fake accounts.
“As we continue to take action against accounts that violate our spam policy, which can affect the number of followers, these fluctuations appear to be largely the result of increased creation and deactivation of new accounts,” a Twitter statement said. .
Vishvam Sankaran April 27, 2022 04:29
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Can ElonJet be stopped?
One person who fears what Musk-powered Twitter will look like is Jack Sweeney, the teen coder behind the Twitter bot @ElonJet, an account that tracks the movements of Titan’s private jet, Tesla.
Speaking to Insider after Monday’s announcement of the sale of the San Francisco-based platform to Mr. Musk, the Florida-born and university student told the publication that he was unsure whether the founder of SpaceX would allow him to keep the bot account alive.
“It’s hard to think he wouldn’t do something,” Mr Sweeney told Insider.
Mr Sweeney’s worries are probably justified, especially in light of what happened last autumn between the teenager and the new owner of Twitter.
In November 2021, Mr. Musk reportedly contacted Mr. Sweeney and offered the coder $ 5,000 to close the aircraft tracking account, arguing that there were security concerns with the information being shared. publicly.
Graham Massie April 27, 2022 04:15
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Elon Musk’s Twitter deal raises concerns about concentrated wealth and power online
ICYMI: A $ 44 billion deal for the world’s richest man to buy social media Twitter has raised concerns about the concentration of billionaire power on social media platforms and how they will be used to shape both public policy and economic interests. the people who run them.
The massive purchase of Elon Musk has also revived calls from members of Congress and other critics to demand that American billionaires pay higher taxes, while calling into question Mr Musk’s public and personal interests in spending so much money on control of the platform.
Alex Woodward has all the details.
Graham Massie April 27, 2022 03:04
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Some Republicans fear Trump’s return to Twitter, owned by Elon Musk, reports say
ICYMI: While some Republicans have come to publicly applaud Elon Musk’s $ 44 billion Twitter purchase as a major victory for free speech, there are reports that some have looked at it with awe.
For a series of top GOP representatives, they told Politico Playbook about their serious concerns that the new Musk-led Twitter will become a haven for the return of already banned accounts, namely Donald Trump.
Joanna Chisholm has the story.
Graham Massie April 27, 2022 02:05
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