Elon Musk Twitter acquisition

Some people who have previously violated the social media platform's community guidelines hope for a new opportunity on the app. But some are staying for ...

We stay on and fight back," he wrote on Monday. "I still think Elon Musk owning Twitter is a bad idea. He intends to allow misinformation and disinformation, which are legal, on the platform." Watching. His platform is hemorrhaging users," she tweeted on Monday. Should this place become more toxic, I pledge to strive even harder to lift up reason, science, compassion and the rule of law. He intends to allow hate speech and white supremacy, which are legal in the United States, on the platform. "Free at last! He also re-shared Musk's tweet, in which Musk explains what he means by his "free speech" plans for Twitter. "I simply mean that which matches the law. "Do you know how much money I'm not making because of that years-long Twitter ban?" Activist and author Amy Siskind had a similar reaction to the acquisition. Best of luck." Just really *any* excuse to show pics of Barold," she wrote, sharing photos of herself and her dog.

At the same time, Twitter also saw a wave of newly created accounts a day after Musk's deal was announced, the platform said.

In addition, the account of right-wing pro-Trump broadcast news channel One America News Network also gained 13,568 followers on Tuesday, compared to 522 on average per day. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it," Musk said. Conversely, many accounts that saw a leap in followers belonged to right-wing politicians or pundits. Politically left-leaning accounts appear to have borne the brunt of the shift. According to statistics from SocialBlade, among the most prominent users who lost followers was President Joe Biden, who saw a decline of 5,610 followers on Tuesday compared with his consistent daily average gain of 15,551. The platform said it saw an exodus of users on Tuesday, coupled with a wave of newly created accounts following the news of Musk's acquisition.

World's richest person Elon Musk is slated to buy Twitter (TWTR) and take the company private. How does it affect investors?

These and other objectives are geared toward the goal of ensuring that Twitter allows for free speech, according to Musk.2 It is difficult to say exactly how these changes could affect the everyday Twitter user, but it's possible that users will need to submit additional information for verification, that rules regarding acceptable content could be changed, or that users who have been banned may be allowed back onto the platform, for instance. Elon Musk has suggested that he may change elements of the platform itself, including adding an "edit" button. For investors who don't hold Twitter stock, the fact that the company is likely to go private could have rippling impacts on other social media companies like Meta Platforms, Inc. ( FB), the company behind the Facebook network, and tech giants like Apple Inc. ( AAPL). With unilateral control over Twitter's popular platform, Musk could institute changes that put pressure on other tech companies. For investors in the social media and tech industries, this means less transparency overall from one of the biggest players.2 The ramifications are particularly significant for Twitter shareholders and the social media company's users. The back-and-forth between Musk and Twitter has been highly publicized for months.

Why did the richest man in the world buy a social media site? What will he do with it? Here's our best guess, in 25 tweet-length takes.

23. Second is a gentle tap on the brakes of some of the site’s more controversial moderation decisions. 22. But back to Musk. What should we look out for in the weeks to come? 17. “Since August 2018 I have run a social network site called Friend Camp for about 50 of my friends,” writes Darius Kazemi, the creator of one such Mastodon instance. 13. And while he wants Twitter to be a free-speech platform, the direction of travel is against him, especially overseas. 24. In the mid-to-long term, I wonder if there’s cause for optimism. Maybe he’ll ruin everything, but at least he’s focusing on the right thing. 12. Musk has also suggested that “the twitter algorithm” needs to be made open source. 16. The question is, where does a Twitter power user go? What is he going to do when Twitter’s lawyers tell him about the UK’s Online Safety Act, which requires all sorts of content moderation? 6. On the former, Twitter has already built an edit button that it could enable at the flick of a switch. 15. And so people are leaving Twitter. Not in their millions, yet, but certainly in their thousands. If you’re famous enough that your Twitter ban catches Musk’s attention, you might have a good shot at a reversal.

It remains to be seen whether Musk's 'free speech' policy extends to pro-Palestine tweets, Palestinian activists say.

At this point, we have nothing to lose." "We have the power to take back the narrative. "For all of its dangers, social media has become an indispensable platform. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans." The Tesla and SpaceX chief executive, whose wealth hovers around $260bn, struck the deal on Monday, though it is not expected to be finalised for another three to six months. Elon Musk was promoting himself as a "free speech" campaigner long before his $44bn Twitter acquistion bid was announced this week.

As extremists cheer Musks's Twitter takeover, experts have warned that rolling back Twitter's recent policies could lead to an explosion in disinformation, ...

“Twitter is the vehicle of narrative shaping.” Another agreed: “Right, Twitter can literally steer world events and more importantly the public’s perception of the meaning of world events.” America’s Frontline Doctors, a right-wing political group that has built a loyal following in anti-vaccine circles by spreading health disinformation and selling access to alternative Covid-19 cures, posted several articles about the Musk deal, including one encouraging people to use the #ThanksElon hashtag. (“Truth Social (terrible name) exists because Twitter censored free speech,” Musk tweeted on Wednesday.) Twitter has proven to be uniquely powerful when it comes to skewing the information ecosystem, says Alicia Wanless, director of the Partnership for Countering Influence Operations at the Carnegie Endowment for Peace in Washington. “It’s very telling that there is a body of users who are celebrating being able to come back, who likely are finding that they can’t reach or grow their audiences on those smaller platforms,” she says. After many prominent far-right influencers, white nationalists, conspiracists, and grifters peddling political and health disinformation were banned from Twitter in recent years, legions of their followers swore off the platform and decamped to alternative ones. “If it’s a gray area, let the tweet exist,” Musk said in a TED Talk last week, echoing his previous statements that he thinks the company’s efforts to moderate legal but problematic, controversial, or offensive content have gone too far. “Today is a massive cause for celebration!” one user posted on the messaging app Telegram.

Musk's non-rhetorical flamethrower was on display in 2018 when the entrepreneur retweeted a fake news article claiming that he'd bought the popular video game ...

“At least 50% of my tweets were made on a porcelain throne,” the tech boss boasted in a November Twitter post. In the realm of stock-tanking antics, nothing holds a candle to Musk smoking pot on the “Joe Rogan Experience” in 2018. Some of Musk’s most epic tweets followed his Twitter acquisition, a move that prompted sparking threats of exodus by left-leaning celebs. “I am running for president of the United States.” What’s more, the home was conveniently near the company’s Texas location. “He’s not much involved in vaccines. Pronouns aren’t the only hot topic Musk has thumbed his nose at. In June last year, Musk tweeted that his primary residence is a rental from SpaceX, worth about $50,000. I know this is not your heart.” “I cannot support this hate. In fact, following the SpaceX honcho’s Twitter takeover and privatization, many conservative pundits claimed their follower counts skyrocketed. Elon Musk’s $44 billion Twitter takeover wasn’t the first time he owned the platform.

USA TODAY found no evidence Elon Musk tweeted that he will shut down Twitter after the recent announcement that he will acquire the tech platform.

USA TODAY found no evidence the tweet in the post exists or that Musk said he will shut down the platform. Mark Levin, Azealia Banks and other popular figures have recently returned to Twitter after the acquisition was announced. A Facebook post shared April 25 shows a screenshot of a tweet Musk purportedly shared the same day.

World's richest man aims to reassure followers saying he will not seek to politicise social media network.

My goal is to maximise area under the curve of total human happiness, which means the ~80% of people in the middle.” “While we continue to take action on accounts that violate our spam policy which can affect follower counts, these fluctuations appear to largely be a result of an increase in new account creation and deactivation,” a spokesperson said in a statement. Followers of the UK prime minister, Boris Johnson, are up by nearly 10,000, but the Twitter account of the former Labour leader Jeremy Corbyn has lost just over 1,000 followers. Katy Perry, the pop star who is the site’s third biggest user, lost 7,000 followers in a few days, while Obama, whose 132 million followers makes the former US president’s account the most popular on the site, lost 5,000 on Tuesday alone. “If people want less free speech, they will ask government to pass laws to that effect,” Musk added. His statements have been interpreted as criticism of Twitter’s existing moderation policies, particularly of those that have affected the US right.

The deal, which is valued at $44 billion, is expected to close in 2022, subject to shareholder and regulatory approval, customary closing conditions.

The self-described "free-speech absolutist" has been critical of the platform and its CEO Parag Agrawal's approach to free speech. Twitter's monetizable daily active user base grew 15.9% year-over-year to 229 million in the first quarter of 2022. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. The social media giant reported net income of $513 million, 61 cents per share, compared to $68 million, or 8 cents per share a year ago. The error was made after Twitter overcounted due to a feature launched in March 2019 that allowed users to link multiple separate accounts together. Musk has secured approximately $46.5 billion to finance the transaction, including $25.5 billion of fully committed debt and margin loan financing and $21 billion in equity financing.

In the span of two days since the deal was finalised, influential conservative accounts saw a surge in their follower counts at about 10 times the average daily ...

On an average, each account lost 6,062 followers on April 26, the report said. Out of the 50 conservative accounts, 48 made unusually large follower gains on April 25 and 26, while only two accounts lost followers. On the other hand, popular liberal accounts saw a decline, facing a collective loss in hundreds of thousands of followers on April 25 and 26 after a month of gains.

Musk isn't allowed to disparage Twitter or its employees on the social media platform while the deal is pending, but he may already be crossing the line.

Financial terms were not disclosed. Financial terms were not disclosed. Financial terms were not disclosed. Financial terms were not disclosed. Financial terms were not disclosed. Financial terms were not disclosed. Financial terms were not disclosed. Financial terms were not disclosed. Perhaps he won't make you keep reading about Twitter. Until I return, It reported net income of $513.3 million (which includes proceeds from its sale of MoPub), up from $68 million in the first quarter of 2021. She reportedly cried during a meeting Monday when she told Twitter’s privacy and legal teams about how the company might change moving forward. Perhaps it depends on what you consider to be “disparaging” or not, but it appears that these tweets may cross the line of what Musk is permitted to say on Twitter while his acquisition of the social media network is underway.

The Tesla CEO may have more problems than attracting wayward conservatives back to Twitter after the social media platform revealed numerous challenges.

The was driven in part to a 60% surge in stock-based compensation. It also planned to reach a minimum of 315 million mDAUs. Shares in Tesla sank as much as 7% on Thursday on fears that Musk's ownership of Twitter will ultimately hurt the carmaker. While Tesla sank during a friendly market session on Thursday, shares in Twitter rose on its results. Otherwise Musk will likely be alarmed. As a result, should Tesla stock fall far enough below key thresholds, he could find himself in breach of his loan terms.

The other big factor is that investors don't know if Musk is going to sell more Tesla shares to cover the Twitter acquisition deal. Musk already pledged shares ...

Also, Musk has often said that he would be the last one to sell Tesla stock, which if he is indeed selling would be a bad signal to investors. Musk already pledged shares of Tesla against $12 billion in debt for the deal, but he also needs to come up with $21 billion in equity. After a few weeks of back and forth, Twitter’s board of directors approved the acquisition on Monday, and Tesla’s stock has been in a freefall ever since.

Elon Musk's $44 billion deal to buy Twitter isn't yet complete. Here are the reasons things could still fall apart, from stock prices to Musk's own tweets.

Musk could be called upon to pay the fee in specific circumstances, including if his funding doesn’t come through. Musk said he plans to fund about $21 billion of the deal with his own equity. Many of the machines he sent were noninvasive devices that can aid in coronavirus treatment but that typically don’t work for the sickest patients unless they are converted into more advanced machines. If the company does get a better offer, it would probably have to pay the split fee. The drop carved $100 billion from the stock, in turn leading to a hit to Musk’s fortune. Analysts said that indicates some investors were spooked the deal could fall through.

Acquiring undervalued Twitter shares gives Elon Musk a good reason to unload some overpriced Tesla stock and diversify his reliance on the electric ...

After paying a gigantic $11 billion tax bill related to exercising stock options, he allocated about $3 billion to buying 9.2 percent of Twitter, he disclosed on April 4. As of this week, the electric carmaker has a price-to-earnings (P/E) ratio of 136. Seven months later, Musk told Tesla employees in an internal letter, “Investors are giving us a lot of credit for future profitability. Musk’s fortune is valued at $250 billion by Bloomberg. Nearly 85 percent of that is tied to Tesla stock and options. (Musk owns 47 percent of SpaceX, according to the company’s Federal Communications Commission disclosure.) Assuming the deal actually happens ( and there are doubts), he plans to borrow the rest from investment banks and put up more Tesla shares as collateral.

Elon Musk has appeared to waste no time before violating his merger agreement with Twitter.

Musk himself has been a purveyor of damaging misinformation and disinformation on Twitter — promoting the useless anti-COVID nostrum hydroxychloroquine as well as economically dubious cryptocurrencies, for example. Much of the discourse that has made Twitter resemble a toxic cesspool of hate speech, violence-mongering and disinformation isn’t illegal in the United States, but noxious enough to undermine the platform’s utility to millions of potential users. Musk called that blocking “obviously incredibly inappropriate.” The exchange reportedly prompted a surge of tweeted attacks on Gadde. One is that the extent to which he is financing the deal by borrowing against his Tesla holdings. Musk needs to learn that not everybody lives on his street. Musk has been explicit about some of what he would do with Twitter once he takes over. Twitter stock has not converged decisively toward the $54.20 sale price since the announcement, nestled below $50 for much of the week. Most of it is tied up in his 21% ownership of Tesla, but some of those shares have already been borrowed against and the company has imposed limits on how much more borrowing he can do against them. About half of the required $44 billion would come from Musk himself, including $21.5 billion in the form of margin loans against his Tesla shares. (Musk and Tesla settled a government lawsuit over the tweet for $20 million each. He has lined up financial backing to buy the Twitter shares he doesn’t already own—about 91% of them, at $54.20 each. So it’s worthwhile to examine the cost-benefit calculation for Musk if he chooses to walk away.

This week, Twitter accepted a $44 billion buyout offer from Tesla and SpaceX founder Elon Musk. As part of the purchase, Musk, who calls himself a "free ...

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As part of his pitch to Bbanks while raising funds to acquire Twitter, Elon Musk apparently "floated" the idea of cutting jobs at Twitter to improve its ...

“My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization. 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. The Washington Post reported that Musk discussed making “efficiencies” at the company in the conversations with bankers, “which could include job cuts.”

The volatility of Tesla shares will be important over the life of the deal, as Musk's $12.5 billion margin loan is secured by the stock, he said. The merger arb ...

The transaction is expected to close in 2022, pending shareholder and regulatory approvals. His unpredictability might be the biggest factor in the large discount to the $54.20 a share deal price.” The merger arb community sees the loan as the biggest risk to the deal, Cowen’s Glick said.