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Elon Musk buys Twitter for $44bn

After Twitter mentioned it has reached an settlement to promote the corporate to Elon Musk for round $44bn, the platform’s former chief and co-founder Jack Dorsey has known as the billionaire’s takeover of the corporate the “singular resolution” he trusts.

The deal was introduced by the social media platform on Monday after days of negotiations between the world’s richest particular person and the Twitter board.

Musk pays $54.20 money per share for the San Francisco-based firm, which can now be taken personal after days of intense negotiations between the entrepreneur and the platform’s board.

The board introduced it had reached a cope with Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing worth on 1 April, the day earlier than the world’s richest particular person made his transfer for the corporate by asserting his 9 per cent stake.

Musk will possible make some vital modifications to the social media platform, having made a number of hints in latest months about what his intentions are. It comes after Musk’s buddy Dorsey stepped down as CEO and Parag Agrawal took over.

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Trump’s Fact Social tops iPhone app obtain chart after Musk’s Twitter deal

Former US president Donald Trump’s social media platform Fact Social was probably the most downloaded free iPhone app within the App Retailer on Tuesday following Tesla chief Elon Musk’s deal to purchase Twitter for $44bn.

Fact Social downloads have reportedly risen to 75,000 for the week of 18 to 25 April.

The relative positions within the obtain charts of Fact Social and Twitter had been famous in a tweet by Musk himself, who introduced the knowledge with out additional remark late on Tuesday:

The determine for Fact Social downloads is up 150 per cent from the week earlier than, in line with knowledge from Sensor Tower, an organization that displays cell apps metrics.

This spike in Fact Social downloads comes after experiences that downloads had fallen after a messy launch of the platform.

The previous US president’s app has been downloaded roughly 1.4 million instances to this point since its launch in February.

Vishwam Sankaran27 April 2022 06:22

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Will the actual Elon Musk please rise up?

ICYMI: Man who taught himself computing at age of 10 could now sit at unprecedented nexus of energy and affect, writes Andrew Buncombe.

Graeme Massie27 April 2022 05:00

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Twitter says mass account deactivations after Musk takeover was ‘natural’

Following the announcement that Tesla chief Elon Musk would purchase out Twitter, a number of high-profile accounts together with that of former president Barack Obama, and singers Katy Perry and Taylor Swift noticed a drop in followers by a whole lot of hundreds.

The social media firm has now confirmed that these account closures had been largely “natural” and never from the automated deactivation of bots and pretend accounts.

“Whereas we proceed to take motion on accounts that violate our spam coverage which may have an effect on follower counts, these fluctuations seem to largely be a results of a rise in new account creation and deactivation,” Twitter mentioned in a press release.

Vishwam Sankaran27 April 2022 04:29

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May ElonJet be shut down?

One particular person frightened of what a Musk-ruled Twitter will appear to be is Jack Sweeney, the teenage coder behind the Twitter bot @ElonJet, an account that tracks the actions of the Tesla titan’s personal jet escapades.

Talking to Insider following Monday’s announcement of the San Francisco-based platform’s sale to Mr Musk, the Florida native and college freshman informed the outlet that he was not sure if the SpaceX founder will permit him to maintain the bot account alive.

“​​It’s laborious to suppose that he wouldn’t do one thing,” Mr Sweeney informed Insider.

Mr Sweeney’s issues are possible merited, notably within the gentle of what occurred final fall between the teenager and the brand new Twitter proprietor.

In November 2021, Mr Musk reportedly reached out to Mr Sweeney and supplied the coder $5,000 to close down the jet monitoring account, arguing that there have been safety issues with the knowledge being shared publicly.

Graeme Massie27 April 2022 04:15

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Elon Musk’s Twitter deal raises issues over concentrated wealth and energy on-line

ICYMI: A deal for the world’s wealthiest particular person to buy social media firm Twitter for $44bn has raised alarms over the focus of billionaire energy throughout social media platforms and the way they are going to be used to form each public coverage and the financial pursuits of the folks operating them.

Elon Musk’s large buy has additionally revived calls from members of Congress and different critics to demand that US billionaires pay increased taxes, whereas questioning Mr Musk’s public and self pursuits in spending that a lot cash to manage the platform.

Alex Woodward has all the small print.

Graeme Massie27 April 2022 03:04

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Some Republicans worry a Trump return to an Elon Musk-owned Twitter, experiences say

ICYMI: Whereas some Republicans took to publicly cheering Elon Musk’s $44bn buy of Twitter as a significant victory without spending a dime speech, there have been some who seen it with trepidation, in line with experiences.

For a collection of prime GOP insiders informed Politico Playbook of their grave issues in regards to the new Musk-led Twitter changing into a haven to welcome again beforehand banned accounts, specifically Donald Trump.

Johanna Chisholm has the story.

Graeme Massie27 April 2022 02:05

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Who owned Twitter earlier than Elon Musk?

When Elon Musk lastly closes his $44bn deal for Twitter this 12 months he’ll joint ranks of media moguls, that embrace his rival for title of world’s richest particular person, Amazon’s Jeff Bezos.

The Twitter board lastly accepted the Tesla boss’s $54.20 per share money supply for the platform on Monday after intense negotiations, each private and non-private, and it now must be ratified by its shareholders.

Graeme Massie27 April 2022 01:02

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What occurs to my Twitter inventory?

Elon Musk has been given the inexperienced gentle to take over Twitter after the corporate’s board accepted his money bid that will worth it at round $44bn.

Twitter nonetheless stays a publicly-traded firm on the New York Inventory Trade and can stay so till the platform is “delisted.”

Graeme Massie27 April 2022 00:35

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Susan Collins says that Trump ought to get his Twitter again

Republican Senator Susan Collins of Maine informed Huffpost that former president Donald Trump must be allowed to have his Twitter account again.

The remarks come as Tesla magnate Elon Musk introduced that he would purchase the platform. Many conservatives have expressed hope the sale would imply that the previous president would return to the social media platform.

Graeme Massie27 April 2022 00:03

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Elon Musk’s ‘X Holdings’ to finish Twitter buy by 24 October

A brand new SEC submitting by Twitter reveals that the corporate will merge with two of Mr Musk’s ‘X Holdings’ firms later this 12 months after the corporate agreed to promote itself for $44bn.

Graeme Massie26 April 2022 23:06


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