News
“I buy Twitter to help humanity”: Elon Musk takes possession of the network (Update)
27/10/2022
Message in English below to the whole platform.
07/09/2022
A legal battle looms on the horizon after the termination of the agreement to buy Twitter for 44 billion dollars by Elon Musk, the boss of Tesla and SpaceX, which marks the end of a dream for some, d a nightmare for others
In a letter published Friday July 8 by the American stock market policeman, his lawyers ensure that Twitter has not respected its commitments made in the agreement, in particular by not providing all the information requested on the number of inauthentic accounts and spam.
“False and misleading information”
“Twitter failed to comply with multiple terms of the agreement, and appears to have given false and misleading information on which Mr. Musk relied to enter into the acquisition agreement”indicates the letter.
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The chairman of the board of directors (CA) of the platform, Bret Taylor, has also tweeted that the CA was “determined to conclude the transaction at the price and on the terms agreed” and intended to prevail in court. The decision displayed by Elon Musk does not guarantee that the acquisition will not take place. “He signed an agreement that he is legally bound to follow,” tweeted Ann Lipton, a law professor at Tulane University.
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The cross
05/05/2022
Finally, Elon Musk is not buying Twitter alone. The largest contribution comes from the Saudi prince Al-Walid for $1.9 billion. Qatar invests $375 million
Elon Musk secured funding from $7.14 billion (6.76 billion euros) from a group of investors including the Oracle Corp co-founder Larry Ellisonand Sequoia Capital to fund its $44 billion takeover of Twitter, according to a filing Thursday.
A Saudi investor, Prince Al-Walid bin Talalwhich had initially opposed the takeover, also agreed to integrate its stake of $1.89 billion in the transaction, according to the document filed with the US federal financial markets regulator. […]
Qatar Holding and Vy Capitalbased in Dubaialso an investor in The Boring Company, Elon Musk’s other company, are also part of the group. […]
Les Echos / Numerama
04/28/2022
After the takeover agreement, Elon Musk publicly criticizes Twitter executives and the social network’s moderation policy (Update)
The future boss of Twitter Elon Musk does not hesitate to make fun of certain executives of the company in public. The world of Tech is outraged and employees are worried.
Elon Musk, who has just made an agreement to buy Twitter, has criticized and publicly mocked executives of the Californian company, arousing anger when many employees already seem worried about the idea of being directed by the boss of Tesla.
After supporting a derogatory tweet about Vijaya Gadde, the social network lawyer in charge of regulations and security, the multi-billionaire also split a meme (parody image) on Wednesday April 27 to mock the rules of the platform. in terms of content moderation and who is responsible
Elon Musk decided to acquire Twitter in particular because he believes that the network does not sufficiently respect freedom of expression. But his absolutist vision worries defenders of everyone’s freedoms on the Internet, who advocate exchanges without hatred or misinformation.
According to the Politico news site, Vijaya Gadde broke down in tears during an online meeting with her teams, gathered to discuss the change of ownership. “She expressed in detail her pride in the work of her colleagues and encouraged employees to continue their good work,” the article said.
Harassment
The initial tweet about him referred to Twitter’s decision to block an article from the New York Post, a conservative American daily, from being shared during the presidential campaign because it violated its guidelines. The case had angered elected Republicans and the platform had relaxed the sanction.
“Suspending the Twitter account of a major news organization for publishing a truthful article was, of course, incredibly inappropriate,” Elon Musk said in a comment to this post.
France 24
04/25/2022
According to the “Wall Street Journal”, the social network is in talks with the billionaire boss of Tesla about a takeover. After many adventures, the discussions seem to be accelerating.
A “fresh look” surprising since it comes after about two weeks of twists and turns since Elon Musk’s takeover proposal. The latter was first fiercely opposed by the company’s board of directors, which on April 15 revealed a defense strategy – known as the “poison pill” – aimed at preventing the boss of SpaceX from getting away with it. seize.
Far from being offended, Elon Musk, known for his troll skills on the social network, announced on Thursday that he had managed to secure nearly 46.5 billion dollars to finance the transaction. In all, 21 billion come from his personal fortune, estimated at 281 billion dollars by the magazine Forbes. Morgan Stanley Bank – also a shareholder with more than 8% in Twitter – has also undertaken to grant him two loans, one of 13 billion dollars and another of 12.5 billion.
Release
04/15/2022
The plan must “reduce the possibility that any entity, person or group will take control of Twitter by accumulating stock in the market without paying all shareholders an appropriate premium or giving the board sufficient time to make informed decisions,” the group said in a statement.
This clause, nicknamed “poison pill” in financial jargon, will be triggered if the hostile shareholder exceeds 15% of the company’s shares without the agreement of the board of directors (CA).
Elon Musk owns just over 9% of Twitter’s capital at this stage.
If he buys back enough shares to reach the 15%, all the other holders of shares on the platform will be able to buy them back at a reduced price, which would greatly increase the price that the entrepreneur would have to pay to get his hands on the social network.
This Twitter announcement shows that the San Francisco-based company intends to fight against this attempt by the richest man in the world to buy it out and make it an unlisted company.
(…) The future
04/14/2022
Billionaire Elon Musk has offered to buy Twitter for $41.39 billion, according to a regulatory filing Thursday.
Musk’s proposed price of $54.20 per share represents a 38% premium to the closing price of Twitter stock on April 1, the last trading day before the public announcement of the investment of more 9% of Tesla’s CEO in the company.
Market Zone
05/04/2022
The billionaire has become the first shareholder of the social network.
Elon Musk will weigh in on the future of Twitter. After acquiring a 9.2% share in the social network two weeks ago, the richest man in the world joins its board of directors. In exchange, he undertook not to increase his stake beyond 14.9%
The announcement was made by Parag Agrawal, the company’s current director. “In our conversations with Elon over the past few weeks, it has become clear to us that he will bring great value to our board.“says Parag Agrawal. “He is both a passionate and fierce critic of our service, which is exactly what we need to grow stronger in the long run.“. The respondent replied:I look forward to working with Parag and the other admins to significantly improve Twitter in the months to come!»
Le Figaro
Two weeks ago, Elon Musk asked his more than 80 million followers if they thought Twitter respects freedom of expression: 70% no
04/04/2022
The founder of SpaceX and Tesla acquired 9.2% of the publicly traded social network. The action immediately took off by more than 25%.
The action of the social network Twitter is blazing on Wall Street. As of 6:30 a.m. New York time on Monday, it was up more than 25% in pre-market trading. The cause of this frenzy is called Elon Musk. The founder of Tesla and SpaceX has indeed taken a large stake in the social network.
The information was revealed Monday in the publications of the SEC, the policeman of the American stock market. We learn that Elon Musk acquired nearly 73.5 million common shares of Twitter on March 14, or 9.2% of the company’s stock market value. This represents an investment of nearly $2.9 billion. The entrepreneur, yet very dissertation on social networks, had not mentioned it.
Nevertheless, eleven days after this acquisition, Elon Musk asked his followers if, in their opinion, Twitter respects freedom of expression. “The consequences of this survey will be significant. Please think carefully“, he had warned. The “Nope» won by 70%. In his exchanges with his subscribers, the entrepreneur said he was thinking “seriouslyto the creation of a new social network.
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Le Figaro
Tesla and SpaceX CEO Elon Musk is now the largest shareholder in social network Twitter. Documents published on April 4 by the regulator of the American Stock Exchange show that Mr. Musk acquired 9.2% of the shares of the social network, for a value of approximately 2.9 billion dollars (2.62 billion euros ). This acquisition, carried out on March 14 in all discretion by the multi-billionaire, created a surprise – the value of Twitter shares rose by around 25% on Monday, before the opening of the New York Stock Exchange.
The world
