Twitter accepts Elon Musk’s buyout deal
Posted By: Pete Stone, 4/25/2022 3:14:15 PM
Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The cash deal at $54.20 per share is valued around $44 billion, according to the press release. Twitter will become a private company once the deal is complete. The announcement ends a weeks-long saga Musk kicked off when he disclosed a large stake in the company. Soon after, the company said he would join the board, only for Musk to reverse course on that plan several days later. Then, he offered to buy the company
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Twitter accepts Elon Musk’s buyout deal
12 replies
Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday.
The cash deal at $54.20 per share is valued around $44 billion, according to the press release. Twitter will become a private company once the deal is complete.
The announcement ends a weeks-long saga Musk kicked off when he disclosed a large stake in the company. Soon after, the company said he would join the board, only for Musk to reverse course on that plan several days later. Then, he offered to buy the company
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GOP Needs Trump to Get Past 2020
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Deep State Deep-Sixed COVID Probe
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A Capitol Offense
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House Democrats say Facebook,
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enjoy ‘monopoly power’ and
recommend big changes 10 replies
Amazon, Alphabet, Apple
enjoy ‘monopoly power’ and
recommend big changes 10 replies
After a 16-month investigation into competitive practices at Apple, Amazon, Facebook and Google, the House Judiciary subcommittee on antitrust has released Tuesday its findings and recommendations on how to reform laws to fit the digital age.
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to acknowledge that it spreads
through airborne transmission 18 replies
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This is breaking news. Please check back for updates.
(Entire story)
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Nikki Haley resigns from Boeing board
18 replies
Nikki Haley, former United Nations Ambassador, resigned from Boeing's board effective immediately over objections of a possible government aid package for the planemaker, one of many initiatives being discussed by the federal government amid the coronavirus crisis. (Snip)
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Most Active Articles (last 48 hours)
Jeff Bezos on Monday questioned whether his fellow billionaire Elon Musk could be making Twitter vulnerable to pressure from China, as a result of Musk's extensive business liabilities in the Asian nation.'Interesting question,' mused Bezos, who in 2013 bought The Washington Post with a view to protecting free speech and supporting journalism. 'Did the Chinese government just gain a bit of leverage over the town square?'He commented atop a retweet from a New York Times journalist, noting that Musk's Tesla was extremely exposed to China. China is Tesla's second largest market,
Twitter employees have reportedly struggled with the news that the company is on the verge of being acquired by Tesla CEO Elon Musk with some of them too "shocked" to speak over the billionaire’s plans to promote freedom of speech. Several Twitter employees expressed serious concerns and fear over Musk’s $44 billion acquisition of the company including a prominent worry that Musk would undo censorship mechanisms they had worked to implement over the years, The Washington Post reported Monday.
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Elon Musk’s purchase of Twitter already has produced at least one liberal casualty. Shaun King apparently quit the platform after having claimed earlier in the day that Mr. Musk wanted to buy the platform to advance “white power.” “At its root, @ElonMusk wanting to purchase Twitter is not about left vs right. It’s about white power. The man was raised in Apartheid by a white nationalist. He’s upset that Twitter won’t allow white nationalists to target/harass people. That’s his definition of free speech,” King tweeted just after 9 a.m. Monday, as rumors were circulating of the imminent purchase. In another tweet, the Black Lives Matter activist noted that Mr. Musk
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There’s an Elon Musk exposé on a possible coverup of Tesla deaths coming to FX next month as part of the network’s The New York Times Presents series.
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According to TeslaDeaths.com
Psaki responds to Musk’s takeover of
Twitter by announcing ‘reforms’ to
combat misinformation 22 replies
Twitter by announcing ‘reforms’ to
combat misinformation 22 replies
The progressive left’s worst nightmare became a reality when billionaire Elon Musk bought Twitter, a day that will live in infamy for Democrats and their shock troops and the idea that free speech will be restored appears to be of major concern to the White House. (Video) During Monday’s press briefing, White House Press Secretary Jen Psaki reacted to Musk’s takeover of the social media giant with her answer suggesting that there could be political moves coming to counter Musk’s relaxing of the censorship of conservatives, an alarming prospect for her party’s control over the narrative.
Twitter employees reacted with shock and dismay Monday as a new reality sank in: Elon Musk — the world’s richest man, free speech defender and strong critic of Twitter — would be the company’s new owner. On Twitter, in private messages and in interviews with The Washington Post, employees expressed fear about Musk’s $44 billion takeover. Twitter CEO Parag Agrawal, along with board chair Bret Taylor, held an internal town hall on Monday afternoon in which the leaders tried to assure anxious staff but offered few direct answers. A central concern was that Musk would attempt to break down safeguards to protect everyday users that staff had built over many years, CORRECTION*
Comments:
A big setback for the Left.