It's official Elon musk is twitter new boss
The fellow who builds electric powered powered vehicles and is making an attempt to go to mars is now officially a social media mogul it wasn't easy twitter's board activated what is called a poison tablet a manner of looking to prevent someone from obtaining the commercial enterprise organization through flooding the marketplace with stocks making a buyout more expensive information board warmed as a great deal as the idea of a takeover after he disclosed he secured forty six.5 billion in financing according to the securities and change commission filing musk said he installed 21 billion in equity financing at the same time as banks which encompass morgan stanley and different round the world covered up every different 25 and a half of billion in numerous forms of debt and margin mortgage financing that is greater than is obtainable to shop for twitter at fifty 4.20 a percentage totaling about 40 four billion which he said come to be his quality and final offer and if it didn't exercise he stated he'd promote the nine percentage of inventory he currently owns and stroll away nicely twitter's board ended up accepting his specific provide of forty four billion the board then nixed the poison pill had they stored it in area it may have reinforced musk's argument that the board isn't always looking out for the hobby of shareholders the board unanimously legal the sale twitter's unbiased board chair stated the twitter board performed a thoughtful and comprehensive manner to evaluate elon's notion with deliberate attention on rate reality and financing the proposed transaction will deliver a large coins top rate and we accept as true with it's far the direction forward for twitter's stockholders musk reportedly met with a few shareholders within the hopes they could stress the enterprise and sway their selection he had hinted that he changed into even on linedonline to keep away from the board by way of manner of attractive to shareholders to promote their inventory immediately to him referred to as a smooth provide he alluded to the approach tweeting blank is the knight potentially in connection with f scott fitzgerald's novel tender is the night time more than one days earlier than that he tweeted on the lyrics love me gentle from elvis presley's hit so expertise will twitter vary now that musk is on the helm he is flirted with numerous adjustments from converting its san francisco headquarters right into a homeless refuge adding an edit button or amusing about converting the fowl logo to a doge specially else musk says he needs twitter to emerge as a public rectangular free of price speech in his unique sec submitting affirming his desire to buy the social app musk stated twitter has capacity to be the platform without cost speech round the arena know-how does now not experience it's miles in its state pronouncing i now understand the business organization will neither thrive nor serve the societal vital in his modern form a few have speculated that he'd reinstate donald trump's twitter account which end up shut down absolutely over his tweets surrounding the 2021 capitol riots he apparently mused about searching for twitter in march constant with the pinnacle of the christian satire website the babylon b after the b had been given its twitter account suspended for naming transgender reliable dr rachel levine as the person of the yr after united statesa. nowadays named dr levine honestly considered one of its women of the year conservatives have long accused the platform of discriminating in competition to them in 2020 twitter blocked customers from sharing a new york publish article that changed into important of hunter biden the son of then presidential candidate joe biden twitter stated the submit violated its hacked materials insurance then twitter ceo jack dorsey later said it turned into incorrect to dam the tale vital to musk's vision is open sourcing twitter's algorithm that comes to a decision which tweets get promoted or demoted in different phrases have it to be had for human beings to appearance and enhance upon that way he says there won't be any manipulation behind the scenes to push sure tweets in the front of more eyeballs whilst de-emphasizing others musk views free speech as essential to a democracy and concerns that there is too much censorship in the course of a ted speak in april he said speech need to be as unfastened as feasible and that he'd err on the aspect of not removing arguable posts he feels the suitable policy for a social app is while the most severe ten percentage at the left and the right are similarly unhappy expertise content material cloth moderation could be very very hard billions of dollars reviewing hundreds and thousands of uploads every day former reddit ceo yeshuan wong warned musk is in for a international of pain arguing in a thread that the tesla ceo does now not without a doubt apprehend the trouble of content moderation and shielding loose speech can put up something everywhere at any time so it has to be moderated in a few way he ended his lengthy thread with the aid of concluding musk purchasing for twitter will harm all of humanity with the aid of distracting him from his mission at spacex and tesla because it's going to suck up his time and harm his psyche musk's reaction to the novella of a thread as he known as it he stated twitter is manner late for lengthy-shape tweets his legion of die-difficult fans may additionally say do not guess in opposition to him as for his critics and there are pretty a few musk tweeted want that even my worst critics stay on twitter due to the fact that is what unfastened speech manner at the same time as he formally showed he preferred to buy the app that serves over two hundred million every day customers he stated inside the