Twitter

2022 - 4 - 25

Post cover
Image courtesy of "The Guardian"

Jeff Bezos questions China's influence over Elon Musk's Twitter (The Guardian)

Amazon founder raises concerns after Tesla boss strikes $44bn deal to buy social media platform.

The Musk takeover has been unexpected and controversial among Twitter employees. The tweet said China may now have a way of holding leverage over “My own answer to this question is probably not.

Post cover
Image courtesy of "CBC.ca"

Human rights groups raise hate speech concerns after Musk's ... (CBC.ca)

Human rights groups warn that freedom of expression should not come at the cost of other human rights, after self-described "free speech absolutist" Elon ...

I don't care about the economics at all," he said in a recent public talk. He has also advocated user-friendly tweaks to the service, such as an edit button and defeating "spam bots" that send overwhelming amounts of unwanted tweets. Taking it back from Wall Street is the correct first step," he said. I trust his mission to extend the light of consciousness.— @jack Today is an encouraging day for freedom of speech. "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement.

Post cover
Image courtesy of "Globalnews.ca"

Elon Musk's 'free speech' focus could turn Twitter into a 'cesspool ... (Globalnews.ca)

Elon Musk wants Twitter to be a haven for free speech, but the social media platform has been down this road before and it didn't end well.

It’s also partly due to floods of inflammatory, false or violent posts. Twitter declined to comment for this story. “If we want to protect free speech online, then we can’t live in a world where the richest person on Earth can just purchase a platform that’s millions of people depend on and then change the rules to his liking,” Greer said. Creasy’s online harasser was sent to prison for 18 weeks. “I only block people as a direct insult,” Musk tweeted in 2020, responding to a tweet from a reporter. Kirsten Martin, a professor of technology ethics at the University of Notre Dame, said Twitter has consistently worked at being a “responsible” social media company through its moderation system, its hires in the area of machine learning ethics and in whom they allow to do research on the platform. Musk himself regularly blocks social media users who have criticized him or his company and sometimes bullies reporters who have written critical articles about him or Tesla. He regularly tweets at reporters who write about his company, sometimes mischaracterizing their work as “false” or “misleading.” “If you stop moderating with automated systems and human reviews, a site like Twitter, in the space of a short period of time, you would have a cesspool.” The company was an early adopter of the “report abuse” button after U.K. member of parliament Stella Creasy received a barrage of rape and death threats on the platform. “If Elon Musk can privately send people into space I’m sure he can design a social network that isn’t biased,” Trump Jr. said in the caption of a video posted to Instagram last April. A decade ago, a Twitter executive dubbed the company “the free speech wing of the free speech party” to underscore its commitment to untrammeled freedom of expression. “With Musk, his posturing of free speech — just leave everything up — that would be bad in and of itself,” said Paul Barrett, the deputy director of the Center for Business and Human Rights at New York University.

Post cover
Image courtesy of "The New York Times"

Twitter Employees Search for Answers as Musk Takeover Becomes ... (The New York Times)

Workers say they have been left largely in the dark about what a sale to the billionaire would mean for them and their shares in the company.

The stress at the mention of Mr. Musk is a stark contrast to the welcome he enjoyed from employees two years ago. But other employees have argued in internal messages seen by The Times that their co-workers have shifted too far to the left side of the political spectrum, making employees who support Mr. Musk’s plans too uncomfortable to speak up. Mr. Musk, after all, fought with officials in California to keep his car factory open early in the pandemic. Employees said they feared missing out on the long-term value of their stock at Mr. Musk’s price of $54.20 per share. “This is meant to provide some peace of mind and explain how these things typically work, not because we believe there will be one outcome versus another,” he wrote in messages to employees reviewed by The Times. As the takeover fight played out over the last two weeks, Twitter employees said they were frustrated that they had heard little from management about what it meant for them, even as Twitter closed in on a deal with Mr. Musk on Monday morning. Twitter’s recruiting problem could balloon further if current employees quit, as some have warned they would do if Mr. Musk took over. One of the top concerns among Twitter workers is whether they will take a financial hit from Mr. Musk’s acquisition. They see Mr. Musk’s proposal to revert to Twitter’s early, lax approach as a rebuke of their work. After years of leadership squabbles, demands for change from activist investors and the boundary-testing tweets of former President Donald J. Trump, Twitter’s more than 7,000 employees are accustomed to turmoil. As the board of directors confers with bankers, lawyers and expensive public relations firms, employees are often kept in the dark. Employees said they had largely stopped celebrating the richest man in the world since he declared his intent this month to buy Twitter, scrap its content moderation policies and transform the publicly traded company into a private one.

Post cover
Image courtesy of "Bloomberg"

With Musk in Charge at Twitter, Could Jack Come Back? (Bloomberg)

Hackers stole $3 million after breaking into the Bored Ape Yacht Club Instagram account; Crypto billionaire Sam Bankman-Fried talked candidly about how money ...

Post cover
Image courtesy of "Le Nouvelliste"

Elon Musk pourra-t-il imposer sa vision à Twitter? Des questions ... (Le Nouvelliste)

Le grand patron du constructeur automobile Tesla, Elon Musk, deviendra le prochain propriétaire du réseau social Twitter, lui qui a conclu un accord pour ...

«La plateforme actuelle ressemble beaucoup à celle qui était en ligne au cours des 10 dernières années. Il y a beaucoup de gens très compétents qui ont tenté d’y apporter des améliorations, mais ça n’a pas été facile. Certains utilisateurs ont indiqué lundi qu’ils quitteront la plateforme si M. Musk en prend possession. De nombreux experts qui ont passé des années à étudier Twitter se demandent toutefois si M. Musk comprend réellement dans quoi il s’embarque en achetant le réseau social. M. Musk a reçu un appui inattendu, mais aussi plutôt abstrait, du cofondateur de Twitter Jack Dorsey. L’ancien PDG de l’entreprise a salué la décision de M. Musk de «retirer Twitter de Wall Street». M. Miley, qui était le seul ingénieur noir de Twitter à occuper un poste de direction lorsqu’il a quitté l’entreprise en 2015, s’est aussi demandé si M. Musk saisit bien l’ampleur du défi qui l’attend. «Cette décision (de M. Musk) démontre à quel point la modération des contenus a agacé les personnes en position d’autorité», a analysé la professeure en éthique de la technologie à l’Université Notre-Dame, Kirsten Martin. «Je m’inquiéterais de la façon dont cela pourrait changer les valeurs de Twitter.»

Post cover
Image courtesy of "Le Journal du Geek"

Officiel : Elon Musk rachète Twitter ! (Le Journal du Geek)

Après avoir tenté de faire barrage à l'homme d'affaires, Twitter envisagerait désormais d'accepter l'offre de rachat d'Elon Musk.

Paradoxalement, l’homme d’affaires considère aussi que son rachat n’aura pas pour vocation a être rentable, mais plutôt de garantir la démocratie et la liberté d’expression partout dans le monde. L’entreprise semble finalement avoir décidé de revoir sa copie au sujet d’Elon Musk. Hier, les deux parties devaient se retrouver pour évoquer plus sérieusement la possibilité d’un rachat, mais aussi négocier sur les points de complication qui entravent encore le projet de l’homme d’affaires. Autoproclamé “absolutiste de la liberté d’expression“, le patron de Tesla mise désormais sur la liberté du marché américain pour conclure le plus gros financement d’acquisition jamais proposé par une personne physique. Seulement quelques jours après s’être opposée à un rachat par Elon Musk, Twitter envisage désormais de laisser une chance à l’homme d’affaires. Selon les informations du Wall Street Journal, l’entreprise examinerait sérieusement la proposition du patron de SpaceX et Tesla.

Post cover
Image courtesy of "Numerama"

Elon Musk pourrait devenir le propriétaire de Twitter dans quelques ... (Numerama)

Selon plusieurs médias américains, Elon Musk a entamé des discussions sérieuses avec le conseil d'administration de Twitter. Ce dernier pourrait accepter de ...

Elon Musk compte toucher aux règles de Twitter, notamment en revoyant drastiquement les règles de modération, quitte à ne plus être conforme avec certaines lois. Elon Musk propose de racheter chaque action 54,20 dollars, alors qu’elles valent environ 48 dollars le 25 avril, en étant probablement surestimées à cause de toute cette histoire. L’annonce de Jack Dorsey, le fondateur de Twitter qui a fustigé la direction de l’entreprise tout en rappelant son amitié envers Elon Musk, y a certainement contribué. De son côté, le patron de Tesla et SpaceX a annoncé le 20 avril qu’il allait emprunter 25 milliards de dollars pour finaliser la transaction.

Post cover
Image courtesy of "La Tribune"

Twitter : l'offre d'achat d'Elon Musk sur le point d'être acceptée (La Tribune)

11 jours après sa proposition d'acheter l'intégralité des parts de Twitter, d...

Elon Musk, qui figure parmi les personnes les plus riches du monde selon le classement établi par Forbes, négocie le rachat de Twitter à titre personnel et Tesla n'est pas impliqué dans le projet. Ce tour de négociation intervient après qu'Elon Musk a indiqué jeudi 21 avril avoir sécurisé près de 46,5 milliards de dollars pour financer cette transaction. Il envisage en outre de s'adresser directement aux actionnaires pour racheter leurs titres, sans passer par le conseil d'administration (CA), dans le cadre d'une offre publique d'achat hostile. Elon Musk bientôt à la tête de Twitter ? Le réseau social serait sur le point d'accepter de se vendre au directeur général de Tesla, d'après Reuters citant des sources proches du dossier. Twitter pourrait annoncer son accord ce lundi 25 avril après une réunion de son conseil d'administration qui devrait la recommander aux actionnaires, selon les mêmes sources. Cette décision ne signifie pas que Twitter acceptera l'offre de 54,20 dollars par action du patron de Tesla, ont précisé les sources.

Post cover
Image courtesy of "Le Soleil"

Elon Musk pourra-t-il imposer sa vision à Twitter? Des questions ... (Le Soleil)

Le grand patron du constructeur automobile Tesla, Elon Musk, deviendra le prochain propriétaire du réseau social Twitter, lui qui a conclu un accord pour ...

«La plateforme actuelle ressemble beaucoup à celle qui était en ligne au cours des 10 dernières années. Il y a beaucoup de gens très compétents qui ont tenté d’y apporter des améliorations, mais ça n’a pas été facile. Certains utilisateurs ont indiqué lundi qu’ils quitteront la plateforme si M. Musk en prend possession. De nombreux experts qui ont passé des années à étudier Twitter se demandent toutefois si M. Musk comprend réellement dans quoi il s’embarque en achetant le réseau social. M. Musk a reçu un appui inattendu, mais aussi plutôt abstrait, du cofondateur de Twitter Jack Dorsey. L’ancien PDG de l’entreprise a salué la décision de M. Musk de «retirer Twitter de Wall Street». M. Miley, qui était le seul ingénieur noir de Twitter à occuper un poste de direction lorsqu’il a quitté l’entreprise en 2015, s’est aussi demandé si M. Musk saisit bien l’ampleur du défi qui l’attend. «Cette décision (de M. Musk) démontre à quel point la modération des contenus a agacé les personnes en position d’autorité», a analysé la professeure en éthique de la technologie à l’Université Notre-Dame, Kirsten Martin. «Je m’inquiéterais de la façon dont cela pourrait changer les valeurs de Twitter.»

Post cover
Image courtesy of "The Guardian"

Twitter agrees Elon Musk takeover deal (The Guardian)

Tesla chief executive, the world's richest person, wins fight to take over influential social network for $44bn. Tesla and SpaceX CEO Elon Musk.

Post cover
Image courtesy of "CBC.ca"

Twitter and Elon Musk seal $44B takeover deal | CBC News (CBC.ca)

Two Canadian banks — the Royal Bank of Canada and CIBC — were among a consortium of a dozen lenders who agreed to help Musk finance his bid, with Royal agreeing ...

"This is exposing a lot of the problems that have long been there and that we've been trying to grapple with for a long time," she said in an interview. "Taking private is going to have a lot of change for Twitter, but Musk just bet 20 per cent of his net worth on Twitter," Ives said. "Twitter has tremendous potential," he said. More than $25 billion US of the purchase price will be financed with debt. "I look forward to working with the company and the community of users to unlock it." "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said Monday, adding that he wants to make the company's algorithm open source to increase trust.

Post cover
Image courtesy of "Globalnews.ca"

Elon Musk strikes US$44B deal to buy Twitter (Globalnews.ca)

As Twitter's board considers Elon Musk's $43 billion bid for the company on Monday, Managing Director of Wedbush Securities Daniel Ives discusses Musk's "risky ...

Agrawal said in a statement Monday that he is “deeply proud” of the company’s teams and said its work has “never been more important.” Republicans on Monday cheered the news of a possible Musk buyout of Twitter, betting on Trump’s reinstatement on the service. Although it is only about a tenth of the size of far larger social media platforms Facebook, it has been credited with helping spawn the Arab Spring uprising and accused of playing a role in the Jan. 6, 2021, storming of the U.S. Capitol. In a prepared statement the company said Musk secured US$25.5 billion of debt and margin loan financing and is providing a US$21 billion equity commitment. “Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.” Musk said in a statement accompanying the news Monday that wants to make Twitter “better than ever” with new product features, as well as plans to make its algorithm open source, authenticating its users and “defeating all the spam bots.”

Post cover
Image courtesy of "La Presse"

L'acquisition de Twitter par Elon Musk semble imminente (La Presse)

(San Francisco) Elon Musk semble se rapprocher de son objectif de racheter Twitter, alors que plusieurs médias américains ont affirmé lundi que le groupe était sur le point d'accepter l'offre du milliardaire, ce qui faisait monter l'action à Wall ...

Le fantasque milliardaire avait créé la surprise début avril en annonçant avoir acquis environ 9 % des actions du groupe. C’est aussi l’un des critiques les plus acerbes de la plateforme. Je suis très fier de nos équipes et inspiré par le travail qui n’a jamais été aussi important », a déclaré sobrement Parag Agrawal, l’actuel dirigeant de Twitter. « Je veux rendre Twitter meilleur que jamais en l’améliorant avec de nouvelles fonctionnalités, rendre les algorithmes open source pour augmenter la confiance, vaincre les robots qui font du spam et authentifier tous les humains », a indiqué Elon Musk dans le communiqué, précisant vouloir « débloquer le potentiel » du réseau en « travaillant avec l’entreprise et la communauté ». « Cela les a mis le dos au mur et les a contraints à venir à la table de négociations », a ajouté l’analyste. « La liberté d’expression est le socle d’une démocratie qui fonctionne, et Twitter est la place publique numérique où les sujets vitaux pour le futur de l’humanité sont débattus », a déclaré Elon Musk, cité dans le communiqué de Twitter.

Post cover
Image courtesy of "Aljazeera.com"

Elon Musk to buy Twitter for $44bn (Aljazeera.com)

Investors will receive $54.20 for each Twitter share they own, the company said in a statement Monday.

Twitter caught fire among politicians, celebrities and journalists and took its place alongside social media stalwarts Facebook and YouTube as a standard bearer of a new, more interactive way of using the web that came to be known as Web 2.0. Twitter on April 15 adopted a shareholder rights plan — a measure known as a poison pill — to fend off unwanted bidders. That served as a catalyst for Dorsey’s eventual second departure so he could focus on his other company, the digital-payments company Block Inc. After rejecting an invitation to join the company’s board, on April 14 he offered to take Twitter private, saying he’d make the platform a bastion of free speech and dropping other hints about the changes he’d make as owner. The deal was unanimously approved by the company’s board, and is expected to be completed later this year. Twitter shares were halted for the news.

Post cover
Image courtesy of "Toronto Star"

Twitter to be acquired by Elon Musk, go private, in one of the largest ... (Toronto Star)

The world's richest person has made a deal to buy social media platform Twitter, taking the company private in a controversial $44-billion (U.S.) ...

He thinks Musk’s Twitter deal could actually accelerate and reinforce these processes, perhaps resulting in more oversight of companies like Twitter down the line. Taking the company private will likely mean less oversight and transparency for Twitter and its users, he said. Musk said last week he had lined up $46.5 billion in financing to buy the social media company. In quick succession, Musk accepted an offer to join the company’s board, before rejecting the same offer. According to documents filed with U.S. securities regulators, the financing will come from Morgan Stanley and other banks to the tune of more than $25 billion. The deal, which was unanimously approved by Twitter’s board of directors, is expected to close within the year. To have the world’s richest man in charge without being beholden to shareholders could result in “a huge concentration of power that could result in almost a tyrannical negative impact on society,” said Tsai. Musk’s big concern is that these companies are becoming the arbiter of speech, said Eltis, and to extent it’s a valid concern — she believes the necessary balance between regulating online speech and providing a platform for free speech has yet to be struck. One of the main issues is that instead of all the social media companies adhering to one set of principles when it comes to regulating speech on their platforms, each is setting its own rules, said Eltis. Once the deal is closed, Twitter will become a privately held company. In the early age of the internet, this new frontier was hailed as a bastion of free speech, but over time a reversal happened, said Eltis, where social media companies began regulating speech to address the hateful content being posted — but again using algorithms, with no recourse, and often missing the mark. There are concerns about Musk’s motives for taking over Twitter. Musk has said he wants to buy the platform because he doesn’t believe it’s living up to its role in enabling free speech, and has proposed relaxing content restrictions, potentially including the rules that forced former president Donald Trump off the social media platform.

Post cover
Image courtesy of "The Globe and Mail"

Musk seals $44 billion deal for Twitter, pledges to defeat spam bots (The Globe and Mail)

Twitter's shares rise about 6 per cent following the news of Elon Musk clinching a deal to buy Twitter Inc for $44-billion.

Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. “Our concerns are not new,” said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. Even so, the offer is below the $70 range where Twitter was trading last year. Be smart with your money. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement. Elon Musk’s Twitter bid: A timeline of events leading to a potential deal for the social media company

Post cover
Image courtesy of "Peace Arch News"

Reports: Twitter in talks with Musk over bid to buy platform (Peace Arch News)

Twitter's board is negotiating with Tesla CEO Elon Musk over his bid to buy the social media platform and a deal could be announced as early as Monday, ...

But much of his money is tied up in Tesla stock — he owns about 17% of the electric car company, according to FactSet, which is valued at more than $1 trillion — and SpaceX, his privately held space company. Musk has said he wants to buy Twitter because he doesn’t feel it’s living up to its potential as a platform for free speech. Musk himself is a prolific tweeter with more than 83 million followers, rivaling several pop stars in the ranks of most-followed accounts. The Times, citing people with knowledge of the situation who it did not identify, said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart. Twitter had enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. Twitter’s board is negotiating with Tesla CEO Elon Musk over his bid to buy the social media platform and a deal could be announced as early as Monday, according to media reports.

Post cover
Image courtesy of "Le Devoir"

Elon Musk rachète Twitter pour environ 44 milliards $US (Le Devoir)

Thomas Urbain - Agence France-Presse et Julie Jammot - Agence France-Presse à San Francisco et à New York. 16 h 43. Économie. Elon Musk a réussi son pari.

Je suis très fier de nos équipes et inspiré par le travail qui n’a jamais été aussi important », a réagi Parag Agrawal, l’actuel dirigeant de Twitter, après l’annonce de l’acquisition. M. Musk détient actuellement un peu plus de 9 % des actions ordinaires du réseau social. Il a critiqué Twitter à de nombreuses reprises, notamment au sujet de la liberté d’expression et de la modération des contenus, qu’il juge trop sévère. Elon Musk a réussi son pari. « Cela les a mis le dos au mur et les a contraints à venir à la table de négociations », a ajouté l’analyste. « La liberté d’expression est le socle d’une démocratie qui fonctionne, et Twitter est la place publique numérique où les sujets vitaux pour le futur de l’humanité sont débattus », a déclaré Elon Musk, cité dans le communiqué de Twitter.

Post cover
Image courtesy of "CTV News"

Elon Musk has an agreement to acquire Twitter for about US$44B (CTV News)

THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below. Elon Musk's bid to buy Twitter is gaining steam and could be announced as early as Monday, ...

Musk himself is a prolific tweeter with a following that rivals several pop stars in the ranks of the most popular accounts. Eventually he became CEO and led the company to astronomical success as the world's most valuable automaker and largest seller of electric vehicles. Truth Social is part of Trump's new media company, which has agreed to be taken public by Digital World Acquisition Corp. Shares of DWAC dropped 16.2% Monday and are down 46% since Musk revealed his stake in Twitter. But much of his money is tied up in Tesla stock - he owns about 17% of the electric car company, according to FactSet, which is valued at more than $1 trillion - and SpaceX, his privately held space company. The SEC has been investigating Musk's August 2018 tweets in which he asserted that he'd secured funding to take Tesla private for $420 a share, though he had not. Asked during a recent TED talk if there are any limits to his notion of “free speech,” Musk said Twitter or any forum is “obviously bound by the laws of the country that it operates in. With initial concerns of its own about the deal, Twitter had enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. During his candidacy and presidency, Trump used Twitter as a powerful megaphone that enabled him to speak to the public directly, often using incendiary and divisive language on hot-button issues. Some users said Monday that they were planning to quit the platform if Musk took it over. Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company's board to negotiate a deal. So obviously there are some limitations on free speech in the US, and, of course, Twitter would have to abide by those rules.” “Do not allow 45 to return to the platform.

Post cover
Image courtesy of "The Wall Street Journal"

Twitter, Elon Musk Deal Could Be Announced Monday (The Wall Street Journal)

The social-media company is in discussions to sell itself to Elon Musk, a dramatic turn of events just 11 days after the billionaire unveiled his $43 ...

Assuming there isn’t a last-minute snag, the deal is expected to be announced after the market closes Monday, if not sooner. - Twitter, Elon Musk Deal Could Be Announced Monday You may cancel your subscription at anytime by calling Customer Service.

Post cover
Image courtesy of "Peace Arch News"

Elon Musk has an agreement to acquire Twitter for about $44B (Peace Arch News)

The outspoken Tesla CEO, the world's wealthiest person, has said he wants to buy Twitter because he thinks it's not living up to its potential as a platform for ...

Eventually he became CEO and led the company to astronomical success as the world’s most valuable automaker and largest seller of electric vehicles. But much of his money is tied up in Tesla stock — he owns about 17% of the electric car company, according to FactSet, which is valued at more than $1 trillion — and SpaceX, his privately held space company. Musk himself is a prolific tweeter with a following that rivals several pop stars in the ranks of the most popular accounts. Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal. The Times, citing people with knowledge of the situation who it did not identify, said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart. So obviously there are some limitations on free speech in the US, and, of course, Twitter would have to abide by those rules.” It was sold to eBay for $1.5 billion in 2002. In a recent TED interview, the billionaire said he’d like to see Twitter err on the side of allowing speech instead of moderating it. He used his share to create what would become PayPal, an internet service that bypassed banks and allowed consumers to pay businesses directly. Twitter had initially enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. “Deeply proud of our teams and inspired by the work that has never been more important.” Twitter’s board at first enacted an anti-takeover measure known as a poison pill that could have made a takeover attempt prohibitively expensive.

Elon Musk to Acquire Twitter (PRNewswire)

PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon.

Twitter, its directors and certain executive officers are participants in the solicitation of proxies from stockholders in connection with the pending acquisition of Twitter (the "Transaction"). Twitter plans to file a proxy statement (the "Transaction Proxy Statement") with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies to approve the Transaction. Additional information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with the Transaction. Information relating to the foregoing can also be found in Twitter's definitive proxy statement for its 2022 Annual Meeting of Stockholders (the "2022 Proxy Statement"), which was filed with the SEC on April 12, 2022. This communication contains forward-looking statements that involve risks and uncertainties, including statements regarding: the Transaction, including the expected timing of the closing of the Transaction; considerations taken into account by Twitter's Board of Directors in approving the Transaction; and expectations for Twitter following the closing of the Transaction. If any of these risks or uncertainties materialize, or if any of Twitter's assumptions prove incorrect, Twitter's actual results could differ materially from the results expressed or implied by these forward-looking statements. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it." The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders." Mr. Musk has secured $25.5 billion of fully committed debt and margin loan financing and is providing an approximately $21.0 billion equity commitment. The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter. Upon completion of the transaction, Twitter will become a privately held company. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. Additional risks and uncertainties include those associated with: the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from Twitter's stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained; potential litigation relating to the Transaction; uncertainties as to the timing of the consummation of the Transaction; the ability of each party to consummate the Transaction; possible disruption related to the Transaction to Twitter's current plans and operations, including through the loss of customers and employees; and other risks and uncertainties detailed in the periodic reports that Twitter files with the SEC, including Twitter's Annual Report on Form 10-K filed with the SEC on February 16, 2022, which may be obtained on the investor relations section of Twitter's website ( https://investor.twitterinc.com). All forward-looking statements in this communication are based on information available to Twitter as of the date of this communication, and Twitter does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law. To the extent that holdings of Twitter's securities have changed since the amounts printed in the 2022 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Promptly after filing the definitive Transaction Proxy Statement with the SEC, Twitter will mail the definitive Transaction Proxy Statement and a WHITE proxy card to each stockholder entitled to vote at the special meeting to consider the Transaction. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT TWITTER WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by Twitter with the SEC in connection with the Transaction at the SEC's website ( http://www.sec.gov). Copies of Twitter's definitive Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by Twitter with the SEC in connection with the Transaction will also be available, free of charge, at Twitter's investor relations website ( https://investor.twitterinc.com) or by writing to Twitter, Inc., Attention: Investor Relations, 1355 Market Street, Suite 900, San Francisco, California 94103. The transaction, which has been unanimously approved by the Twitter Board of Directors, is expected to close in 2022, subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions. Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction.

Post cover
Image courtesy of "La Presse"

Elon Musk rachète Twitter pour 44 milliards (La Presse)

Elon Musk a réussi son pari : le patron de Tesla et de SpaceX a passé un accord définitif avec le conseil d'administration de Twitter pour racheter le ...

Le fantasque milliardaire avait créé la surprise début avril en annonçant avoir acquis environ 9 % des actions du groupe. C’est aussi l’un des critiques les plus acerbes de la plateforme. Je suis très fier de nos équipes et inspiré par le travail qui n’a jamais été aussi important », a déclaré sobrement Parag Agrawal, l’actuel dirigeant de Twitter. « Je veux rendre Twitter meilleur que jamais en l’améliorant avec de nouvelles fonctionnalités, rendre les algorithmes open source pour augmenter la confiance, vaincre les robots qui font du spam et authentifier tous les humains », a indiqué Elon Musk dans le communiqué, précisant vouloir « débloquer le potentiel » du réseau en « travaillant avec l’entreprise et la communauté ». « Cela les a mis le dos au mur et les a contraints à venir à la table de négociations », a ajouté l’analyste. « La liberté d’expression est le socle d’une démocratie qui fonctionne, et Twitter est la place publique numérique où les sujets vitaux pour le futur de l’humanité sont débattus », a déclaré Elon Musk, cité dans le communiqué de Twitter.

Post cover
Image courtesy of "CTV News"

Elon Musk has an agreement to acquire Twitter for about US$44B (CTV News)

Elon Musk, the CEO of Tesla and SpaceX, has finalized a deal to buy 03:06. Elon Musk buys Twitter for $44 billion. BNN ...

In one August 2018 tweet, for instance, Musk asserted that he had the funding to take Tesla private for $420 a share, although a court has ruled that it wasn't true. Musk himself is a prolific tweeter with a following that rivals several pop stars in the ranks of the most popular accounts. Truth Social is part of Trump's new media company, which has agreed to be taken public by Digital World Acquisition Corp. Shares of DWAC dropped 16.2% Monday and are down 46% since Musk revealed his stake in Twitter. Eventually he became CEO and led the company to astronomical success as the world's most valuable automaker and largest seller of electric vehicles. Some users said Monday that they were planning to quit the platform if Musk took it over. It was sold to eBay for $1.5 billion in 2002. “Do not allow Twitter to become a petri dish for hate speech or falsehoods that subvert our democracy.” As both candidate and president, Trump made Twitter a powerful megaphone for speaking directly to the public, often using incendiary and divisive language on hot-button issues. Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company's board to negotiate a deal. Advertisers, currently Twitter's main customers, have also pushed for the stronger content rules Musk has criticized. On April 14, Musk announced an offer to buy Twitter for $54.20 per share. Musk believes he can increase revenue through subscriptions that give paying customers a better experience - possibly even an ad-free version of Twitter.

Post cover
Image courtesy of "The Globe and Mail"

Why is Elon Musk buying Twitter? What you need to know about the ... (The Globe and Mail)

Here's what Elon Musk's Twitter takeover could mean for Twitter stock prices, the future of the social media platform and Tesla.

Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” Mr. Musk said in a tweet Monday. “Donald Trump had to be pushed off the platform after the Jan. 6 insurrection,” so any move to bring him back “will be tricky for folks saying, ‘We need more limits.’” The social-media platform’s shares were below US$40 a share in late March before beginning to rally. … It has been a fundamental part of the American spirit,” said Mariam Humayun, an assistant professor of marketing at the University of Ottawa’s Telfer School of Management with research interests in the intersection of consumer culture, technology, branding and social media. “He wants to protect freedom of speech.

Post cover
Image courtesy of "The Washington Post"

Why did Elon Musk buy Twitter? (The Washington Post)

Elon Musk has said he wants to promote free and open speech on the service, which he has said he sees as an essential place for sharing viewpoints.

Here’s what he’s said about his plan and how fast he could change things. Musk offered $54.20 per share for Twitter and outlined his plan to secure $46.5 billion to finance his deal.

Post cover
Image courtesy of "Parksville Qualicum Beach News"

Elon Musk has an agreement to acquire Twitter for about $44B (Parksville Qualicum Beach News)

The outspoken Tesla CEO, the world's wealthiest person, has said he wants to buy Twitter because he thinks it's not living up to its potential as a platform for ...

Eventually he became CEO and led the company to astronomical success as the world’s most valuable automaker and largest seller of electric vehicles. But much of his money is tied up in Tesla stock — he owns about 17% of the electric car company, according to FactSet, which is valued at more than $1 trillion — and SpaceX, his privately held space company. Musk himself is a prolific tweeter with a following that rivals several pop stars in the ranks of the most popular accounts. Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal. The Times, citing people with knowledge of the situation who it did not identify, said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart. So obviously there are some limitations on free speech in the US, and, of course, Twitter would have to abide by those rules.” It was sold to eBay for $1.5 billion in 2002. In a recent TED interview, the billionaire said he’d like to see Twitter err on the side of allowing speech instead of moderating it. He used his share to create what would become PayPal, an internet service that bypassed banks and allowed consumers to pay businesses directly. Twitter had initially enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. “Deeply proud of our teams and inspired by the work that has never been more important.” Twitter’s board at first enacted an anti-takeover measure known as a poison pill that could have made a takeover attempt prohibitively expensive.

Post cover
Image courtesy of "Le Journal de Montréal"

Twitter passe aux mains d'Elon Musk: le risque d'un jouet pour ... (Le Journal de Montréal)

Le possible achat de Twitter par Elon Musk pour 44 milliards $ US inquiète des experts au Québec, qui craignent que la plateforme devienne un jouet.

La même année, il avait annoncé, dans un tweet, qu’il souhaitait retirer Tesla de la Bourse, ce qui a eu des impacts sur le titre. «Ça fait longtemps qu’il a des opinions sur quoi dire, ne pas dire, et ce qui est acceptable comme prise de parole sur les médias sociaux. Il reste maintenant à savoir s’il se gardera davantage une gêne s’il devient le grand patron. «Il y a vraiment une pièce de théâtre fort divertissante qui va commencer, mais moi, elle me fait peur», a-t-il dit sur QUB radio. «S’il choisit de payer une prime pour acquérir Twitter, c’est qu’il croit qu’il a une façon de valoriser la plateforme et qu’il est le mieux placé pour le faire», a souligné M. Cimon. «C’est clair qu’en acquérant Twitter, c’est beaucoup plus efficace que de démarrer un autre média social», a-t-il poursuivi. «Cet achat est significatif parce que ce n’est pas comme la famille qui possède le New York Times, qui a toujours été garante d’objectivité et d’avoir un produit d’information de qualité. Là, on parle de l’une des plateformes les plus importantes au monde qui va être privée», a avancé le professeur Yan Cimon.

Post cover
Image courtesy of "Le Soleil"

Elon Musk rachète Twitter (Le Soleil)

Elon Musk a réussi son pari: le patron de Tesla et de SpaceX a passé un accord définitif avec le conseil d'administration de Twitter pour racheter le réseau ...

Je suis très fier de nos équipes et inspiré par le travail qui n’a jamais été aussi important», a déclaré sobrement Parag Agrawal, l’actuel dirigeant de Twitter. Le fantasque milliardaire avait créé la surprise début avril en annonçant avoir acquis environ 9% des actions du groupe. C’est aussi l’un des critiques les plus acerbes de la plateforme. «Cela les a mis le dos au mur et les a contraints à venir à la table de négociations», a ajouté l’analyste. Elle lui reproche notamment de se servir de Twitter pour attaquer les personnes qu’il n’aime pas, souvent de façon «infantile», encouragé et aidé par sa «meute de fans fidèles». «Une fois que le financement a été mis en place avec la menace d’une OPA hostile, le CA ne pouvait plus avoir recours à un chevalier blanc ou à un second enchérisseur», a relevé Dan Ives de Wedbush Securities.

Post cover
Image courtesy of "FRANCE 24"

Le milliardaire Elon Musk rachète Twitter pour 44 milliards de dollars (FRANCE 24)

Le patron de Tesla et homme le plus riche au monde Elon Musk a passé lundi un accord avec le conseil d'administration de Twitter pour racheter le réseau ...

Je suis très fier de nos équipes et inspiré par le travail qui n'a jamais été aussi important", a réagi Parag Agrawal, l'actuel dirigeant de Twitter, après l'annonce de l'acquisition. Elon Musk détient actuellement un peu plus de 9 % des actions ordinaires du réseau social. "Confier les rênes de Twitter à Elon Musk déchaînera à coup sûr des théories du complot que la plateforme a essayé de réprimer", a réagi Angelo Carusone, président de l'ONG progressiste Media Matters for America. "Toute tentative d'utiliser la plateforme pour partager des informations légitimes sera éclipsée par un bourbier toxique de désinformation." "Cela les a mis le dos au mur et les a contraints à venir à la table de négociations", a ajouté l'analyste. Il a critiqué Twitter à de nombreuses reprises, notamment au sujet de la liberté d'expression, et de la modération des contenus, qu'il juge trop sévère. "La liberté d'expression est le socle d'une démocratie qui fonctionne, et Twitter est la place publique numérique où les sujets vitaux pour le futur de l'humanité sont débattus", a déclaré Elon Musk, cité dans le communiqué de Twitter.

Post cover
Image courtesy of "La Presse"

L'action Twitter suspendue à Wall Street (La Presse)

Illustration shows Twitter logo and a rising stock graph in this illustration taken, April 25, 2022. REUTERS/Dado Ruvic/Illustration.

Post cover
Image courtesy of "Le Guide de l'auto"

Elon Musk rachète Twitter, valorisé à 44 milliards de dollars (Le Guide de l'auto)

Elon Musk a réussi son pari: le patron de Tesla et de SpaceX a passé un accord définitif avec le conseil d'administration de Twitter pour racheter le réseau ...

Je suis très fier de nos équipes et inspiré par le travail qui n’a jamais été aussi important », a réagi Parag Agrawal, l’actuel dirigeant de Twitter, après l’annonce de l’acquisition. M. Musk détient actuellement un peu plus de 9% des actions ordinaires du réseau social. Il a critiqué Twitter à de nombreuses reprises, notamment au sujet de la liberté d’expression, et de la modération des contenus, qu’il juge trop sévère. « Cela les a mis le dos au mur et les a contraints à venir à la table de négociations », a ajouté l’analyste. « La liberté d’expression est le socle d’une démocratie qui fonctionne, et Twitter est la place publique numérique où les sujets vitaux pour le futur de l’humanité sont débattus », a déclaré Elon Musk, cité dans le communiqué de Twitter. Elon Musk a réussi son pari: le patron de Tesla et de SpaceX a passé un accord définitif avec le conseil d'administration de Twitter pour racheter le réseau social au prix de 54,20 dollars par action, et en faire une entreprise privée, non cotée en Bourse.

Post cover
Image courtesy of "TVA Nouvelles"

Trump exclut un retour sur Twitter malgré son rachat par Elon Musk (TVA Nouvelles)

Donald Trump a exclu lundi de revenir sur Twitter, dont il a été banni en janvier 2021, malgré le rachat du réseau social par Elon Musk.

«J'espère qu'Elon achètera Twitter parce qu'il fera des améliorations et c'est un gars bien, mais je reste sur Truth», a-t-il répété, expliquant que «Twitter a des bots et faux comptes». «Je ne vais pas sur Twitter, je reste sur TRUTH», a-t-il déclaré à la chaîne américaine Fox News en référence à la plateforme Truth Social, qu'il a lancée en février et présentée comme une alternative à Facebook, Twitter et YouTube.

Post cover
Image courtesy of "The Guardian"

Jokes, cheers and dire warnings: Twitter reacts to Musk's takeover (The Guardian)

As the self-declared 'free-speech absolutist' takes the reins, some activists and politicians fear for the platform's future.

“Once the deal closes, we don’t know which direction the platform will go,” he said. The Tesla chief executive is a longtime, highly active, and at times controversial user of the platform, where he has 83m followers. The Democratic senator Elizabeth Warren, who has been a prominent critic of big tech, warned the deal is “dangerous for democracy”.

Post cover
Image courtesy of "Globalnews.ca"

Twitter has accepted Elon Musk's takeover bid. What happens next? (Globalnews.ca)

The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the U.S. and elsewhere.

At this early stage, it’s unclear what will happen to Twitter’s current board or management team if the deal is completed, but Musk has made it abundantly clear that he believes the company has been poorly run. Twitter hasn’t announced the timing of a shareholder vote, though the company’s annual meeting is set for May 25, which could offer a convenient time to poll shareholders. Last year, Twitter generated $5 billion in revenue, with $2.8 billion from the U.S. and the rest earned overseas, Zino said. “I think there is nothing better for Twitter than Elon Musk buying it and ideally replacing the board, and also doubling down on investments into products and new revenue-generating sources,” said John Meyer, a technology entrepreneur and investor. The deal is expected to close sometime this year. Musk said other investors could contribute to the financing.

Post cover
Image courtesy of "Reuters"

Twitter set to accept Musk's $43 billion offer (Reuters)

Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the ...

"Our concerns are not new," said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. On the other hand, he said, "Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the EV (electric vehicle) race." I don't care about the economics at all," he said in a recent public talk. "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement. read more Register now for FREE unlimited access to Reuters.com

Post cover
Image courtesy of "The Washington Post"

Twitter workers face a reality they've long feared: Elon Musk as owner (The Washington Post)

On Twitter, in private messages and in interviews with The Washington Post, employees expressed fear about Musk's $44 billion takeover. Twitter CEO Parag ...

Once the company goes private, employees’ shares would be paid out to them in cash. In the town hall, Twitter executives and board chair Taylor acknowledged emotions were running high for people. The acquisition, which would rank among the largest-ever activist takeovers of a publicly traded company, would take the company private over the course of three to six months, executives said in the town hall. He has also been known as a harsh manager who will seek to fire people on the spot when they are not onboard with his way of thinking, including at one point disbanding his entire public relations team. Twitter was the first company to take action against former president Donald Trump for his tweets supporting Capitol rioters on Jan. 6, 2021, and engineering teams have spent years building tools to fight spam, disinformation and hate speech under an initiative known as healthy conversations. Some tweeted tear-filled emoji and memes of people having emotional breakdowns, while others told The Post they were too in shock to speak.

Post cover
Image courtesy of "FRANCE 24"

Twitter pour Musk et chacun pour soi (FRANCE 24)

San Francisco (AFP) – A quoi va ressembler Twitter dirigé par Elon Musk ? L'homme le plus riche du monde a promis plus de liberté, plus de transparence et ...

Donc ça va surtout créer des controverses et des frictions". Et au-delà des inquiétudes éthiques, laisser les utilisateurs se débrouiller ne fera pas forcément recette : "Dès que vous retirez les arbitres, la partie peut devenir brutale. Mais c'est plus facile à dire qu'à faire, soulignent les experts. Mais attention à ne pas aller trop vite en besogne, avertissent de nombreux spécialistes, comme l'auteur Chris Bail, qui a appelé Elon Musk à "préserver la tradition de Twitter en termes de recherches empiriques consciencieuses et de partage des résultats". La transparence ne va pas "susciter une épiphanie" chez les utilisateurs, "qui ne lisent même pas le règlement" avant de l'accepter, s'amuse Kyla Garrett-Wagner. Un Twitter contrôlé par Musk n'a rien d'une victoire pour la liberté d'expression, estime Kyla Garrett-Wagner, professeure de Droit de la communication à la Syracuse University. "C'est le Far West, contrôlé par une élite qui ne représente pas les voix des minorités".

Post cover
Image courtesy of "Le Monde"

Elon Musk rachète Twitter : ce que cela pourrait changer pour la ... (Le Monde)

Une sortie de la Bourse, de nouvelles règles de modération, un algorithme plus transparent… le milliardaire a donné ces derniers temps quelques indices ...

Dans sa déclaration publiée lundi, Elon Musk a affirmé son intention de « vaincre les spams bots », faisant écho à une promesse formulée le 21 avril. Rendre le code source accessible, c’est en théorie permettre aux internautes de mieux comprendre pourquoi tel ou tel message lui a été suggéré. « L’algorithme de Twitter devrait être open source », affirmait M. Musk déjà en mars. A de nombreuses reprises par le passé, ce libertarien, historiquement proche des libéraux américains, a fait savoir qu’il trouvait les règles de modération de la plate-forme trop contraignantes. Cela ne veut pas pour autant dire que Donald Trump, qui en est exclu depuis le mois de janvier 2021, fera son grand retour. Ajoutant : « Twitter a un énorme potentiel. L’homme d’affaires a déboursé plus de 43 milliards d’euros.

Post cover
Image courtesy of "La Presse"

Un troll à la barre de Twitter (La Presse)

Quand le Canada a déclaré l'état d'urgence pour chasser les manifestants du centre-ville d'Ottawa, en février, un internaute en colère a publié un mème ...

Par rapport à un journal classique, le pouvoir de nuisance du réseau social est décuplé. Ça risque de mal tourner. On sait que les mots ne sont pas sans conséquences. Utilisera-t-il Twitter à ses propres fins ? Pour attaquer ses ennemis ? En tout cas, ce ne serait pas le premier homme riche à se payer un média pour promouvoir ses intérêts. « Elon Musk est un Citizen Kane numérique3 », a écrit le New York Times, en référence au classique du cinéma qui s’inspire du magnat de la presse William Randolph Hearst. Elle a fait des victimes bien réelles2 : musulmans tués au Nigeria, jeunes battus à mort au Mexique, hommes lynchés en Inde… Elle a provoqué des soulèvements, des émeutes, des massacres. Il n’a pas cessé de minimiser la gravité de la pandémie. Il a soutenu les manifestants qui ont paralysé le centre-ville d’Ottawa. « Canadian Truckers Rule », a-t-il écrit sur Twitter avant de comparer Trudeau à Hitler. Pendant que Twitter tentait tant bien que mal de juguler le flot de désinformation, Elon Musk fulminait contre les mesures sanitaires, qu’il qualifiait de « fascistes ». En attendant, il est bon de se rappeler que Mark Zuckerberg voulait rendre le monde meilleur, « plus ouvert et plus connecté », quand il a créé Facebook dans un dortoir de l’Université Harvard, en 2004. « La liberté d’expression est le fondement d’une démocratie qui fonctionne, et Twitter est la place publique numérique où sont débattues des questions vitales pour l’avenir de l’humanité », a-t-il fait valoir au moment de l’annonce. Quand le Canada a déclaré l’état d’urgence pour chasser les manifestants du centre-ville d’Ottawa, en février, un internaute en colère a publié un mème d’Adolf Hitler sur Twitter1. « CESSEZ DE ME COMPARER À TRUDEAU », se lamentait le führer. « J’AVAIS UN BUDGET. » Elon Musk laisse entendre qu’il démantèlera le programme de surveillance de contenu de Twitter. Il est convaincu que tout le monde devrait pouvoir dire n’importe quoi, même les pires bêtises, sur la plateforme, lui qui ne s’en prive pas. Vendredi encore, Elon Musk a publié une photo peu flatteuse de Bill Gates. « Au cas où vous voudriez perdre une érection rapidement », a-t-il écrit. Une preuve, si vous en doutiez encore, qu’avoir de l’argent ne garantit pas le savoir-vivre.

Post cover
Image courtesy of "The Guardian"

Elon Musk's Twitter takeover: what will change, is free speech at risk ... (The Guardian)

Billionaire's buyout of social media company reignites debate about leaving the platform but is it too soon to act – and where could you go?

The easiest way to do that is through the “Settings and privacy” tab in the menu of the Twitter app. It really comes down to why you used Twitter in the first place. It’s partially why Musk might have been motivated to buy Twitter rather than starting his own social media site, like others, including Trump, have attempted. If you’ve stuck with what many people call “the hell site” for this long, it’s questionable whether Musk taking it over will be some sort of final straw. The Guardian asked Twitter what data was retained once a user permanently deletes their account. Musk has suggested he is a “free speech absolutist”.

Post cover
Image courtesy of "The Guardian"

Jack Dorsey backs Elon Musk's Twitter deal, but CEO Agrawal ... (The Guardian)

Rolling coverage of the latest economic and financial news, including the latest on Elon Musk's takeover of Twitter.

The tweet said China may now have a way of holding leverage over However despite speculation, Fox News is reporting that Donald Trump will not be returning to Twitter as he is using his own Truth Social platform instead. There is the possibility that its headquarters could be moved to Austin, headcount could face cuts and there is likely to be a ideological shift in terms of the company’s focus away from content moderation and towards free speech instead. Then there is the cultural chasm between working at Tesla and Twitter. Will Musk’s new employees buy into the plans? Musk is flaunting his influence. Musk is flaunting his power. Away from grand ideas about promoting free speech, what Musk actually sees is a special situation here, in much the same way as any other value-minded investor. “The social media platform is currently trading at $51.92 despite the board agreeing to sell the company for $54.20 per share. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.” Musk’s deal Tweet is that “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated”. An unmoderated platform could foster a toxic environment and see users leave in droves.” Twitter’s shares had already rallied since Musk revealed his 9% stake in the company three weeks ago.

Post cover
Image courtesy of "The Washington Post"

Twitter lags behind its rivals. Here's why Elon Musk bought it anyway. (The Washington Post)

Twitter has fewer users and less money than many of its social media peers, but it has captured the attention of an influential group of users — including ...

I don’t care about the economics at all,” he said. The Tesla CEO is putting up a significant portion of his wealth to back the deal. After activist investor Elliott Management took a stake in the company in 2020, Twitter announced ambitious goals to boost its business, including increasing user growth and doubling its annual revenue by 2023. “Trump had a relationship with Twitter where he was really good at using the platform to get attention in his presidential campaign and then through the end of his presidency,” Porter said. Experts said Musk is not wrong to target Twitter if he wants to have an impact on public discourse. Twitter had a humble 338.6 million monthly global users last year, according to the estimates.

Explore the last week