The world’s richest man has finally obtained one of his major goals - seizing control of Twitter’s ownership.
The Tesla owner was all smiles yesterday after Twitter confirmed how they were going to move ahead with his proposal and sell itself for a whopping $44 million.
It wouldn’t be wrong to say that the past few weeks have been an absolute rollercoaster of a ride as we saw Musk first become the company’s largest shareholder. This was followed by Musk agreeing to join the board of directors and then declining the offer with bigger objectives in mind.
And before we knew it, a hostile takeover was up on the cards which culminated in success for the billionaire.
Twitter has confirmed that it will be accepting the bombshell offer to sell its company at $53.20 for every share, which is the same offer made by him 14 days back.
Musk was pressurized by other stakeholders to do better as they felt the offer was not good enough but the Tesla owner revealed how this was the best that he could do and would also stand as his final offering.
The billionaire has mentioned time and time again how one of his main objectives of acquiring the platform was to promote free speech for all as he felt it was the foundation for democracy. Moreover, he called the app a fundamental digital world where so many pivotal matters dealing with everyday life and humanity, in general, were discussed.
But that was not his only goal. He also hoped to enhance the platform by incorporating enhanced features, combating spam, and ensuring complete authentication of humans. In the end, he acknowledged the great potential the firm had to grow better and unlock a plethora of benefits for its users.
This was closely followed up with a statement by the app’s former CEO Parag Agrawal. He congratulated his team for their inspiring work and shed light on how the platform’s purpose played a huge impact on the world as a whole.
It wouldn’t be wrong to say the world’s richest person is now ahead of the game in so many aspects. From being the CEO of the world’s most renowned electric car organization to heading space stations too, he is now the owner of a platform that once helped him turn into the web’s leading character.
With that being said, it must be reiterated that Twitter did not go easy with Elon Musk’s offerings. In the past week, we saw the firm adopt the ‘poison pill’ that is designed to help corporations fend off those trying to gain greater control than desired.
Therefore, it was obvious that they were not going to give in quite so easily, making it more difficult and less attractive for the billionaire to gain control of the company.
On the other hand, there was a great talk about whether or not Elon Musk even had the cash to back up the mega-deal as most of the billionaire’s wealth is invested in his own firms.
But a bombshell report was unveiled last week which spoke in detail about how a recent filing revealed that the Tesla owner managed to secure a whopping $46.5 billion to make the mega acquisition through numerous financial institutions via loans or equity financing.
However, the drama did not end over there as many of Twitter’s employees began expressing their own reservations about how a hostile succession of the company would end up creating a massive exodus.
Similarly, others even went as far as mentioning that should the hostile takeover succeed, it would be rather interesting to see Twitter being run without any of its employees.
While some users expressed their anger and shock, others revealed great sarcasm and even cries as they felt the time was near to shift their posting powers to a series of other platforms. But still, it’s best to give Elon Musk a chance before making such drastic moves. What do you think?
For now, users are looking forward to changing and Elon Musk’s much-anticipated Edit Button is the start of many more wonderful offerings. But how far Musk can go to fulfill his promises, well, we’d need to glue our eyes to the screen to figure that one out.
Read next: Twitter May Allow Users The To Post A Mixture Of Content, Such As Videos And GIFs, Within The Same Tweet
The Tesla owner was all smiles yesterday after Twitter confirmed how they were going to move ahead with his proposal and sell itself for a whopping $44 million.
It wouldn’t be wrong to say that the past few weeks have been an absolute rollercoaster of a ride as we saw Musk first become the company’s largest shareholder. This was followed by Musk agreeing to join the board of directors and then declining the offer with bigger objectives in mind.
And before we knew it, a hostile takeover was up on the cards which culminated in success for the billionaire.
Twitter has confirmed that it will be accepting the bombshell offer to sell its company at $53.20 for every share, which is the same offer made by him 14 days back.
Musk was pressurized by other stakeholders to do better as they felt the offer was not good enough but the Tesla owner revealed how this was the best that he could do and would also stand as his final offering.
The billionaire has mentioned time and time again how one of his main objectives of acquiring the platform was to promote free speech for all as he felt it was the foundation for democracy. Moreover, he called the app a fundamental digital world where so many pivotal matters dealing with everyday life and humanity, in general, were discussed.
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022
If our twitter bid succeeds, we will defeat the spam bots or die trying!
— Elon Musk (@elonmusk) April 21, 2022
But that was not his only goal. He also hoped to enhance the platform by incorporating enhanced features, combating spam, and ensuring complete authentication of humans. In the end, he acknowledged the great potential the firm had to grow better and unlock a plethora of benefits for its users.
This was closely followed up with a statement by the app’s former CEO Parag Agrawal. He congratulated his team for their inspiring work and shed light on how the platform’s purpose played a huge impact on the world as a whole.
It wouldn’t be wrong to say the world’s richest person is now ahead of the game in so many aspects. From being the CEO of the world’s most renowned electric car organization to heading space stations too, he is now the owner of a platform that once helped him turn into the web’s leading character.
With that being said, it must be reiterated that Twitter did not go easy with Elon Musk’s offerings. In the past week, we saw the firm adopt the ‘poison pill’ that is designed to help corporations fend off those trying to gain greater control than desired.
Therefore, it was obvious that they were not going to give in quite so easily, making it more difficult and less attractive for the billionaire to gain control of the company.
On the other hand, there was a great talk about whether or not Elon Musk even had the cash to back up the mega-deal as most of the billionaire’s wealth is invested in his own firms.
But a bombshell report was unveiled last week which spoke in detail about how a recent filing revealed that the Tesla owner managed to secure a whopping $46.5 billion to make the mega acquisition through numerous financial institutions via loans or equity financing.
However, the drama did not end over there as many of Twitter’s employees began expressing their own reservations about how a hostile succession of the company would end up creating a massive exodus.
Similarly, others even went as far as mentioning that should the hostile takeover succeed, it would be rather interesting to see Twitter being run without any of its employees.
While some users expressed their anger and shock, others revealed great sarcasm and even cries as they felt the time was near to shift their posting powers to a series of other platforms. But still, it’s best to give Elon Musk a chance before making such drastic moves. What do you think?
For now, users are looking forward to changing and Elon Musk’s much-anticipated Edit Button is the start of many more wonderful offerings. But how far Musk can go to fulfill his promises, well, we’d need to glue our eyes to the screen to figure that one out.
Read next: Twitter May Allow Users The To Post A Mixture Of Content, Such As Videos And GIFs, Within The Same Tweet