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Elon Musk buys Twitter for $44bn
Elon Musk has advised a brand new identify for Donald Trump’s Fact Social app as he accused Twitter, which has simply agreed to purchase for $44bn, of censorship.
The Tesla boss, whose takeover of the San Francisco-based platform was introduced earlier this week, took to Twitter to match it to to the previous president’s personal social media firm.
“Fact Social (horrible identify) exists as a result of Twitter censored free speech,” Mr Musk tweeted. “Ought to be referred to as Trumpet as an alternative!”
]Musk can pay $54.20 money per share for the San Francisco-based firm, which can now be taken personal after days of intense negotiations between the entrepreneur and the platform’s board.
The board introduced it had reached a cope with Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing value on 1 April, the day earlier than the world’s richest individual made his transfer for the corporate by saying his 9 per cent stake.
Musk will possible make some vital modifications to the social media platform, having made a number of hints in latest months about what his intentions are. It comes after Musk’s good friend Dorsey stepped down as CEO and Parag Agrawal took over.
US market surges on information of Fb mum or dad Meta’s outcomes regardless of fears over GDP figures
Wall Road noticed expertise and development shares surge on Thursday after robust earnings from Fb’s mum or dad firm Meta allayed considerations the US economic system contracted within the first quarter of 2022.
As of 3pm, the markets had been having fun with their finest day since Could 2020, with all three main indexes having fun with a sustained enhance.
Bevan Hurley has the main points.
Graeme Massie29 April 2022 03:03
Trump lastly posts on his Fact Social platform – reviving one in every of his most well-known phrases
The silence was by no means going to final.
Donald Trump has lastly posted on his Fact Social app, the struggling Twitter rival he launched earlier this yr, after an uncharacteristic monthslong quiet from the often voluable former president.
Josh Marcus has the story.
Graeme Massie29 April 2022 02:15
Musk tweets meme on political change
ICYMI: The potential new proprietor of Twitter posted a cartoon meme that seems to point his perception that it’s really the left-wing of American politics that has moved to the intense since 2008, and never the right-wing.
The stick-figure cartoon suggests that folks with centrist views in 2008, labelled “me” within the cartoon, at the moment are to the fitting due to this alteration.
Graeme Massie29 April 2022 01:14
Marjorie Taylor Greene says she needs to fulfill with Elon Musk to debate Twitter bans
Consultant Marjorie Taylor Greene mentioned that she hoped that she may meet with Tesla chief government Elon Musk amid information that he has acquired Twitter.
The best-wing congresswoman from Georgia made the remarks throughout a information convention in entrance of the Capitol when introducing laws that will abolish Part 230 of the Communications Decency Act, which says that service suppliers can’t be handled as a writer or or speaker of data supplied by one other supplier.
Graeme Massie29 April 2022 01:03
Self-proclaimed ‘socialist’ to ‘pink tablet’ anti-lockdown crusader: What are Elon Musk’s politics?
ICYMI: The Tesla and SpaceX tycoon has donated to each events and attacked everybody from Joe Biden by means of Donald Trump to commerce unions and ‘pronouns’, however beneath all of it there’s a constant ideology, writes Io Dodds.
Graeme Massie29 April 2022 00:28
Twitter: Will Elon Musk really purchase social media platform for $44bn?
Elon Musk has change into the world’s richest individual, and one of many enterprise world’s most polarising figures on the again of the staggering business success of Tesla and engineering brilliance of SpaceX.
And together with his $44bn provide for Twitter having been accepted by the social media’s platform’s board, Mr Musk will presumably add a 3rd CEO position to his assortment.
Graeme Massie29 April 2022 00:02
Tumblr will get new customers as folks depart Twitter
Matt Mullenwag, the founding father of Automattic, which owns Tumblr, tweeted that Tumblr noticed a 19% bump in new consumer registration within the wake of the information that Elon Musk was shopping for out the corporate
Adam Smith28 April 2022 17:30
Twitter has been miscounting its customers
Twitter has additionally been overstating the variety of every day customers on its service for the previous, overcounting by as much as 1.9 million customers every quarter, in information that broke following its quaterly earnings.
The error was attributable to Twitter counting a number of accounts as lively once they had been all owned by one consumer – even when they weren’t in use.
Adam Smith28 April 2022 16:07
Twitter broadcasts quarterly outcomes
Twitter has simply posted its quarterly earnings, revealing a 16 per cent improve in customers and a income of $1.2 billion.
The primary three months of the yr noticed the San Francisco firm obtain a mean 229 million every day lively customers – although this doesn’t bear in mind any impactf Musk’s involvement with the platform might need had. His 9.2 per cent stake, adopted by his takeover bid, had been all revealed in April.
Anthony Cuthbertson28 April 2022 14:04
Elon Musk unable to flee SEC ‘b******s’
Elon Musk remains to be dealing with the results of a tweet he made 4 years in the past about taking Tesla personal at $4.20 a share.
The US Securities and Trade Fee compelled him to pay a high-quality on the time, in addition to have all future tweets about Tesla to be checked by a lawyer earlier than he posts them. He claims it infringes his free speech, calling the regulators “bastards” at a latest TED occasion, however a federal decide simply denied that the settlement be scrapped.
Anthony Cuthbertson28 April 2022 12:48
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