आईसीटी समाचार
Twitter has accepted Elon Musk's offer to buy the firm for $44 billion, according to a press release issued today by the company. Musk paid $54.20 per share for the firm, which was the same amount he offered on April 14th. Free speech is the backbone of a functional democracy, and Twitter is the digital town square where important issues affecting humanity's future are debated.
Musk said in a statement accompanying the announcement. "I also want to make Twitter better than it has ever been by adding new features, opening up the algorithms to boost trust, combating spam bots, and authenticating all people." In the press announcement, Twitter CEO Parag Agrawal praised the deal as well. In an accompanying statement, Agrawal added, "Twitter has a purpose and importance that touches the entire globe." "We are extremely proud of our teams and motivated by work that has never been more critical."
In an SEC filing on Thursday, Musk outlined his finance strategy, which includes $25.5 billion in loans and $21 billion in personal equity. According to analysts, the loans might cost Twitter up to $1 billion per year in maintenance expenses, or nearly 20% of its annual income. Twitter's board enacted a "poison pill" mechanism shortly after Musk disclosed the purchase proposal, implying that it intended to reject Musk's takeover. The reason for the company's change of heart is unknown.
According to a New York Times story published on Monday, Twitter employees are divided at the announcement, with little information about the continuing talks. It's unclear how Musk will affect Twitter or where he'll begin making adjustments. He surveyed Twitter users on the establishment of a "edit" button, which Twitter was already working on, when he initially revealed his 9.2 percent ownership in the company. Later, he proposed removing Twitter Blue's advertisements, cutting the membership price, and introducing Dogecoin as a payment option.
