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Elon Musk buys Twitter for $44bn
Elon Musk has prompt a brand new title for Donald Trump’s Reality Social app as he accused Twitter, which has simply agreed to purchase for $44bn, of censorship.
The Tesla boss, whose takeover of the San Francisco-based platform was introduced earlier this week, took to Twitter to check it to to the previous president’s personal social media firm.
“Reality Social (horrible title) exists as a result of Twitter censored free speech,” Mr Musk tweeted. “Ought to be known as Trumpet as an alternative!”
]Musk pays $54.20 money per share for the San Francisco-based firm, which is able to now be taken non-public after days of intense negotiations between the entrepreneur and the platform’s board.
The board introduced it had reached a take care of Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing value on 1 April, the day earlier than the world’s richest particular person made his transfer for the corporate by saying his 9 per cent stake.
Musk will probably 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 good friend Dorsey stepped down as CEO and Parag Agrawal took over.
Twitter says mass account deactivations after Musk takeover was ‘natural’
ICYMI: 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 bunch of 1000’s.
The social media firm has now confirmed that these account closures have been largely “natural” and never from the automated deactivation of bots and faux 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 an announcement.
Graeme Massie28 April 2022 04:58
Elon Musk’s Twitter buyout in full
ICYMI: The excellent submitting with the US Securities and Alternate Fee accommodates greater than 46,000 phrases – the size of a brief novel – however studying by it there are some attention-grabbing titbits.
Amongst them is a clause that Twitter should cease actively searching for a brand new or different purchaser, but when one approaches with a greater provide, then it may be thought-about. If Twitter breaks off the take care of Elon Musk, it might want to pay him $1 billion. Particularly, if “Twitter terminates the Merger Settlement to permit Twitter to enter right into a definitive settlement for a competing acquisition proposal that constitutes a Superior Proposal.”
The complete submitting on the SEC web site could be discovered right here.
Graeme Massie28 April 2022 04:05
Does Elon Musk shopping for Twitter put you off utilizing it?
ICYMI: With a whole bunch of 1000’s of individuals showing to stop Twitter after information broke that Elon Musk had purchased it, we’re working a reader ballot to see how the buyout has modified consumer opinion.
We’ll have the outcomes for you as quickly as we’ve them.
Graeme Massie28 April 2022 03:03
Elon Musk requires Twitter to be ‘politically impartial’
ICYMI: The Tesla boss, who had a $44bn bid for the social media platform accepted earlier this week, gave his newest thought on its political stance in a tweet.
“For Twitter to deserve public belief, it should be politically impartial, which successfully means upsetting the far proper and the far left equally,” he wrote on Wednesday.
Graeme Massie28 April 2022 02:05
Elon Musk proves he’s an Impartial reader
The Tesla titan permitted of an Indepndent story on Jim Carrey responding to claims he’s one in every of “a number of totally different individuals” enjoying Joe Biden.
Mr Musk took to Twitter and responded to the story with a tears of pleasure and taking pictures star emojis.
Graeme Massie28 April 2022 01:19
Ladies’s group responds to Musk going after Twitter’s high lawyer
Ladies’s group UltraViolet has issued an announcement after Elon Musk went after Twitter’s high lawyer, Vijaya Gadde: “Ladies of colour already face disproportionately excessive ranges of vitriol, harassment and bullying on social media – and Elon Musk will make it worse.”
Ms Gadde has confronted a wave of on-line harassment after Mr Musk criticised Twitter, for whom she runs moderation, for suspending the New York Put up’s account quickly over its Hunter Biden stolen laptop computer protection.
“Suspending the Twitter account of a significant information group for publishing a truthful story was clearly extremely inappropriate,” tweeted Mr Musk on Tuesday.
Mr Musk has known as for Twitter to undertake a free speech coverage, which has led critics to recommend that banned right-wing figures resembling Donald Trump and Marjorie Taylor Greene may return to the platform.
Graeme Massie28 April 2022 01:10
Why has Elon Musk — the purported champion of free speech — blocked me on Twitter?
ICYMI: It’s not solely journalists. Musk has additionally blocked Public Citizen, a Washington DC-based nonprofit watchdog group that claims it has been ‘standing as much as company energy and holding authorities accountable for 50 years’
Andrew Buncombe has the small print.
Graeme Massie28 April 2022 01:03
Musk insists right-wing will probably be sad together with his Twitter in addition to left
The Tesla boss took to Twitter to broaden on a nearlier tweet wherein he insisted the social media platform needs to be “politically impartial.”
“Assaults are coming thick and quick, primarily from the left, which isn’t any shock, nonetheless I needs to be clear that the correct will most likely be slightly sad too. My aim is to maximise space underneath the curve of whole human happiness, which implies the ~80% of individuals within the center,” he tweeted on Wednesday.
Graeme Massie28 April 2022 00:09
Elon Musk claims he’s focused by Bezos-owned Washington Put up
ICYMI: Mr Musk made the declare on Twitter on Wednesay.
“The Washington Put up targets me relentlessly! Their insults might be greater high quality, however some aren’t dangerous. I gave them 3 stars on Yelp,” he tweeted.
Jeff Bezos, who owns the newspaper, has misplaced his title because the world’s richest particular person to Mr Musk, in keeping with the Bloomberg Billionaires Index.
Graeme Massie27 April 2022 22:56
Mass Twitter deactivations after Musk takeover are ‘natural’
ICYMI: Within the wake of Elon Musk’s Twitter takeover being introduced, 1000’s of accounts appeared to diappear from the platform.
The follower counts of some high-profile customers, together with Katy Perry and Taylor Swift, dropped by 1000’s. Even the preferred account on Twitter, that of former US president Barack Obama, noticed their followe counts take successful.
There was hypothesis that it was both a purge on the a part of Twitter, or the results of a whole bunch of 1000’s of individuals leaving the platform in protest to the takeover. Now Twitter is saying that the flctuations in followers for these massive accounts come largely from “natural” closures.
“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 an announcement, including that it was wanting into the “latest fluctuations in follower counts”.
You’ll be able to learn extra about it right here.
Graeme Massie27 April 2022 21:01
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