Millions of people around the world have Twitter accounts. It can be said that many people live on Twitter every day. Elon Musk-owned company shared that Twitter bought it for $ 54.20 per share. He shared on Twitter the information that Elon Musk bought Twitter for $ 44 billion. This news is currently trending.
The Twitter Board has previously conducted a thoughtful and comprehensive process to evaluate Elon Musk’s proposal. Brett Taylor, chairman of Twitter’s Independent Board, said Elon’s proposal was accepted because it was the best way for Twitter’s shareholders. Depending on the price per share, shareholders will receive $ 54.20 in cash per share. It had a premium of 38% on Twitter’s closing price on April 1, 2022.
Elon Musk has a large following on Twitter. Many will buy and stock up on his products with just one tweet. To that extent his value is greater on Twitter than on any other site. And the Twitter platform has been operating around the world with a purpose and goal. But Elon Musk has previously said that there is no transparency in this. So it was suggested that this site should be left as open source. He was pointing out some such contradictions. Since then he has now taken possession of Twitter.
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Free speech is the foundation of functioning democracy, and Twitter is the main digital platform. Elon Musk said that important issues for the future of mankind are being discussed here. Elon also said that the features that are a part of this handset are that it’s a great way to get word out that Twitter is open to all human beings. “Twitter has tremendous potential. I want to work with the company and its community of users,” said Barack Agarwal, CEO of Twitter.
Elon Musk has borrowed $ 25.5 billion in full to buy Twitter. He also said he would pay approximately $ 21.0 billion in equity shares. Let’s see what kind of changes are going to come after he buys Twitter.
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