The purchase of Twitter by Elon Musk latest news
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The purchase of Twitter by Elon Musk: latest news

Published by IT-technews

Possibly the most talked about financial transaction in recent months, the very likely purchase of Twitter by Elon Musk continues to generate news. In this article we focus on the latest news on the subject, so you can get up to speed in less than five minutes.

  • Twitter’s board unanimously accepts Elon Musk’s offer: the directors have advised the shareholders to approve the purchase at the next meeting, since they consider that the merger is fair and recommendable for the company and its shareholders. If its approval is confirmed, there would only be two steps left for Musk to confirm his purchase: the publication of the false user accounts and the financing.
  • Although the market is not quite sure about the purchase, Elon Musk has been acting for weeks as if he were the owner of the social network. In fact, on June 21st, he declared that his goal was to have half the world’s population use Twitter, which includes 80% of North Americans. The key to achieving this, according to the richest man in the world, would be not to limit freedom of expression. This means that, instead of blocking problematic tweets, their reach would be limited, since for Musk there is a considerable difference between freedom of expression and freedom of dissemination.

Musk has suggested that the possibility of layoffs at the company would be quite likely if his purchase is confirmed. According to an audio to which the Reuters news agency had access, the billionaire would have declared that the costs are greater than the income, which is not a good situation for Twitter. This, naturally, has been interpreted in terms of potential layoffs, even though nothing has been specified in this regard.

  • Elon Musk will meet for the first time with Twitter employees this Thursday, June 23rd.  It will be in a come online meeting, as announced by Parag Agrawal, the CEO of Twitter, in an email sent to the workers of the social network.

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