What changes after Elon Musk took over Twitter $44 billion
What changes after Elon Musk took over Twitter $44 billion
What changes after Elon Musk took over Twitter $44 billion? On April 25, PR Newswire reported that Twitter has entered in an agreement with Elon Musk, who took over it in $44 billion. After the completion of the transaction it will become a privately held company. As per the agreement, Twitter stockholders will receive $54.20 in cash for share of Twitter common stock that they own upon closing of the proposed transaction.
Elon Musk want to bring changes in Twitter
Elon Musk said, ”Free speech is the bedrock of a functioning democracy and Twitter is the digital town square where matters vital to the future of of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential. I look forward to working with the company and the community of users to unlock it.”
Parag agrawal tweeted, ”Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”
Former CEO of Twitter tweeted, Elon’s goal of creating a platform that is ”maximally trusted and broadly inclusive” is the right one. This is also Parag’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path, I believe it with all my heart.”
