Elon Musks Twitter Offer Accepted
Elon Musk and Twitter have come to an agreement wherein the social media platform has officially accepted a $54.20-per-share buyout offer from the Tesla CEO, valuing the company at approximately $44 billion in cash.
Twitter will henceforth become a privately owned firm once the transaction is finalized.
Elon argues that free speech is the foundation of a healthy democracy, and that Twitter is the main virtual hub where important issues affecting humanity&39s future are often discussed.
He went on to declare that he wants to make Twitter better than ever by adding new features, making the algorithms open-source in order to promote trust, combating spam bots, and authenticating everyone.
In related news, Jack Dorsey praised the Tesla CEO and his new acquisition, claiming that Elon could very well be the singular solution to Twitter&39s various contemporary issues. Whether that is indeed the case or not remains to be seen.
Top News
42 months ago
42 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
24250 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.