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Showing posts from April, 2022

Elon fully buys Twitter

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  In more shocking social media news, two days ago Elon Musk officially bought the entire platform of Twitter.  This comes after a long battle with the board of directors of Twitter, and after facing backlash from some of the public from him trying to buy twitter.  It is reported that he is buying twitter for how much he said he was willing to pay for it two weeks ago, 44 billion.  He said this money is going to come from a variety of places but the majority of it is going to come from his own pocket.  I think roughly 21 billion of it is coming from his own pocket with the rest being in both a loan from banks, and I believe the other portion is from him selling stocks but I am not quite sure.  Elon buying twitter has many people scared he is going to change many things about it, and I am wondering why people are so scared of him buying it?  In my eyes, Elon buying twitter does not fundamentally change any part of my life in the slightest.  I feel ...
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  I know that my last two articles have been about this subject, but it is too massive in the social media realm to let go without diving into each thing that happens with this subject.  As my other articles have stated so far, the last thing that we knew about Elon and Twitter is that he owned roughly 9.2% of the companies stock.  Well, a few days ago on the 14th of April it was reported that Musk was willing to pay roughly 44 billion for twitter. However, twitter's board of directors did not want to sell twitter to Mr. Musk, and did what they could to keep him from buying it.  However, with Musk willing to pay 44 billion, which comes out to 54.20 per share, the board of directors had a obligation to hear out the shareholders of the company.  The reason for this is because since twitter was a publicly traded company, the board of directors have an obligation to take an offer as crazy as Mr. Musk's.  That is simply because they would make the shareholders a...

Timeline of Elon Musk buying Twitter

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  Yesterday the owner of Spacex and Tesla bought a massive stake in the company Twitter.  It is reported that he bought roughly 9.2% worth of shares in the company.  This equates to roughly 2.9 million based on the share price.  This makes him the largest single shareholder on twitter, and today it was reported that he was able to get a hold of a seat on the board of twitter.  This is interesting because in my last article I talked about Musk having massive interest in acquiring or at least acquiring a portion of twitter.  Now we can see that he is serious in his claims.  With Elon now being the largest shareholder it will be interesting to see if he makes changes, buys more of the company, or just wanted a place of the board at twitter so he can have his ideas be heard.  However, I think it interesting that one of the richest people in the world is taking the time to buy into a social media platform, and I am wondering what he is going to do with...