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BumRushDaShow

(127,312 posts)
Mon Apr 25, 2022, 03:02 PM Apr 2022

Elon Musk acquires Twitter for roughly $44 billion [View all]

Source: Washington Post

Elon Musk acquired Twitter for $44 billion on Monday, the company announced, giving the world’s richest person command of one of its most influential social media sites — which serves as a platform for political leaders, a sounding board for experts across industries, and an information hub for millions of everyday users.

Under the terms of the deal, Twitter will become a private company and shareholders will receive $54.20 per share, the company said in a press release. Ownership of Twitter gives Musk power over hugely consequential societal and political issues, perhaps most significantly the ban on former president Donald Trump that the website enacted in response to the Jan. 6 riots.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in the release. “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.”

The company’s board of directors met with Musk on Sunday, and negotiations extended into the early hours of Monday, according to a person familiar with the negotiations, who spoke on the condition of anonymity because of the sensitivity of the discussions. The two sides were focused on determining whether Musk had the financing to complete the acquisition, and did not spend much time discussing Musks’s strategy for the future of the social network, the person said.

Read more: https://www.washingtonpost.com/technology/2022/04/25/twitter-elon-musk-deal/

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FUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! n/t RKP5637 Apr 2022 #1
I second that! Katcat Apr 2022 #29
i. hate. musk. put him on a 1 wat rocket to the moon. he will kill free speech Trueblue1968 Apr 2022 #36
Exactly! So That's what our Democracy is Cha Apr 2022 #50
In other words, Trump takes over again on 1/20/25... regnaD kciN Apr 2022 #2
Not if he's drooling out the side of his mouth. NEOBuckeye Apr 2022 #23
No, not gonna happen. Anyway... LymphocyteLover Apr 2022 #62
And Donald Trump is a man of his word! /s Prof. Toru Tanaka Apr 2022 #78
Unbanning Slammer Apr 2022 #106
Yes, that an interesting question. I would think from a legal liability perspective, twitter would LymphocyteLover Apr 2022 #131
This will be fun to watch LetMyPeopleVote Apr 2022 #3
You are just partying all over the place! BumRushDaShow Apr 2022 #16
There goes the neighborhood, again. Libertarianitis uber alles! Ford_Prefect Apr 2022 #99
Looks like I didn't over react early this morning when I deleted my account. Comfortably_Numb Apr 2022 #4
Me either. IrishAfricanAmerican Apr 2022 #15
Truth to power. And truth just died on Twitter today. Comfortably_Numb Apr 2022 #22
So glad I never joined Twitter. luvtheGWN Apr 2022 #123
Let the Great FU begin, 2Gingersnaps Apr 2022 #30
44$.... Q Apr 2022 #125
a step on the road to Trump's re-election qazplm135 Apr 2022 #5
Not if Merrick Garland can get off his butt and indict him. totodeinhere Apr 2022 #46
I just closed my account. 33taw Apr 2022 #6
Same here Pacifist Patriot Apr 2022 #14
Not even a dent in his coffers. Twitter caved and got robbed. nt Akoto Apr 2022 #7
Oh gawd, I really thought this was never going to happen. LiberalLovinLug Apr 2022 #8
Depressing news to start the week ificandream Apr 2022 #9
BULLSHIT, musk.. LIES KILL Democracy.. Cha Apr 2022 #57
Why do you think he is facsist? hueymahl Apr 2022 #103
I close my account. Naio Apr 2022 #10
+1 nt Jarqui Apr 2022 #77
He'll Myspace it into death vercetti2021 Apr 2022 #11
MySpaceX tinrobot Apr 2022 #24
That has to catch on genxlib Apr 2022 #54
LOL! LymphocyteLover Apr 2022 #63
MYSPACEX Make that fucker choke on Twit nvme Apr 2022 #122
The circus is coming back to town eissa Apr 2022 #12
I'll be avoiding... 2naSalit Apr 2022 #13
I will miss the great posters, 2Gingersnaps Apr 2022 #32
Musk says he's going to banish bots. C_U_L8R Apr 2022 #17
otoh, no shareholders, no fiduciary responsibility nt intrepidity Apr 2022 #41
We'll see how far that $44 billion goes. C_U_L8R Apr 2022 #42
He has enough money already so he may not care if Twitter makes any totodeinhere Apr 2022 #47
He doesn't actually Deminpenn Apr 2022 #64
In the form of a loan. Igel Apr 2022 #111
As the richest man in the world I suspect that any bank would loan him whatever he wants. totodeinhere Apr 2022 #121
Yes, it's a loan with Tesla stock as collateral afaik Deminpenn Apr 2022 #134
He supports Russian propaganda. From his own tweet bronxiteforever Apr 2022 #58
+1 dalton99a Apr 2022 #69
So will Elon Musk essentially hand over America to Putin? DSandra Apr 2022 #128
Says he's going away from ad based, too Deminpenn Apr 2022 #61
Just look at the pic in this thread at the un-American pos with other un-American fascist pos. rockfordfile Apr 2022 #90
I think he said you will have a checkmark after your name if you prove you are a real person womanofthehills Apr 2022 #120
So Twitter is now controlled by a megalomaniac who uses it for smearing people as pedophiles muriel_volestrangler Apr 2022 #18
He refuses to answer when asked if he'll allow Trump back on IronLionZion Apr 2022 #19
Trump says he's sticking with the "Truth Social" train wreck. oldsoftie Apr 2022 #97
Closing my account before 5pm. bucolic_frolic Apr 2022 #20
The stockholders still have to vote on this. Dare we hope? Native Apr 2022 #21
Is this for sure? bluestarone Apr 2022 #28
Yes, they have to approve it. Several articles have pointed this out. Native Apr 2022 #31
Wondering if just over 50% approves it bluestarone Apr 2022 #38
Don't know. I did read that financial experts estimated its value at $60/share Native Apr 2022 #45
Are those "financial experts' rich? n/t PoliticAverse Apr 2022 #73
We aren't talking a lot of individual shareholders.... Native Apr 2022 #75
I rarely post on twitter, I just have an account to follow people that interest me. Calista241 Apr 2022 #25
I'm set up in a similar way. I follow lawyers, politicians, scientists, animals and some chowder66 Apr 2022 #33
News almost always hits Twitter first. That's why I like it. Native Apr 2022 #35
Well atreides1 Apr 2022 #26
Gone! Katcat Apr 2022 #27
It's not a done deal until approved by the shareholders andym Apr 2022 #34
They'll get $54.20 a share, and it's at $51.90 now. Native Apr 2022 #37
And Twitter was at $71.69 on July 23 2021 $71.69 is greater than $54.20 andym Apr 2022 #39
I did hear on my news radio station as part of the CBS breaking BumRushDaShow Apr 2022 #43
And how much was myspace worth years ago? n/t PoliticAverse Apr 2022 #55
Not relevant: Myspace was defeated by Facebook, due to Facebook's better social interactivity andym Apr 2022 #59
There's nothing magic about things like Twitter, they're just fads. n/t PoliticAverse Apr 2022 #65
Nothing magic? Of course! It's not magic-- it's being the first and dominant mover andym Apr 2022 #68
"it's being the first and dominant mover" - yeah. like Myspace... PoliticAverse Apr 2022 #72
Dominance is defined over a longer period than these companies achieved andym Apr 2022 #80
"We will see.". Exactly. Fads end when they end. Dominance ends when it ends. PoliticAverse Apr 2022 #86
Predictions are also for scientists andym Apr 2022 #110
No one can ever compete with SuperCalc! OilemFirchen Apr 2022 #83
Sounds like you were an early spreadsheet adopter... n/t PoliticAverse Apr 2022 #87
Yup. OilemFirchen Apr 2022 #92
Or Kodak. n/t PoliticAverse Apr 2022 #94
Sears! OilemFirchen Apr 2022 #96
Quattro Pro FTW !!!11!!!111!!! BumRushDaShow Apr 2022 #102
Good thing I've never had an account with Twitter. DinahMoeHum Apr 2022 #40
I wonder what will happen if he reinstates the toxic right wingers like TFG Warpy Apr 2022 #44
The crap has already started: "When is Trump coming back?" "Let's storm the Pentagon!" Native Apr 2022 #49
My sign on is disabled after so many years of giving it a miss Warpy Apr 2022 #70
And Trump said today that he wouldn't come back to Twitter. Lol. Native Apr 2022 #74
Who is he kidding? His cheap unsecured phone will melt from all the manic posting Warpy Apr 2022 #89
Supposedly he's going to start posting in like a week, and it's basically migrating to Rumble. Native Apr 2022 #115
Rumble. Now thare is a perect name Warpy Apr 2022 #124
I seldom used Twitter, but I just closed my account anyway on principle. jcmaine72 Apr 2022 #48
Bye Bye Rebl2 Apr 2022 #51
Musk is the dog who finally caught the car and now he is stuck with it. Jon King Apr 2022 #52
+10000 Pachamama Apr 2022 #126
Here's a few tweets from famous folks geardaddy Apr 2022 #53
TY! Some made me feel better..I'm staying Cha Apr 2022 #60
After he runs twitter THESE pics need to be bluestarone Apr 2022 #91
So... BWdem4life Apr 2022 #56
Another message app will be created. rockfordfile Apr 2022 #88
There goes the neighborhood... nt. BlueIdaho Apr 2022 #66
Just deactivated my account. Jon King Apr 2022 #67
Imagine spending $44 billion for a cesspool. sinkingfeeling Apr 2022 #71
its the END of the UNITED STATES OF AMERICA! James48 Apr 2022 #76
So the board of Twitter are clearly money whores. TNNurse Apr 2022 #79
I fear that Musk may be Charles Foster Kane. Kablooie Apr 2022 #81
Isn't SpaceX a federal contractor? LeftInTX Apr 2022 #98
Well since Russia is the only other country that has proven tech to ferry people to/from the ISS BumRushDaShow Apr 2022 #105
"Citizen Kane" became my favorite (non-scifi) movie BumRushDaShow Apr 2022 #101
Musk reveals his lack of understanding in his statement about the "digital town square." CaptainTruth Apr 2022 #82
This message was self-deleted by its author Kablooie Apr 2022 #84
Around $225 per user worldwide. twodogsbarking Apr 2022 #85
I'm keeping my Twitter account. I wanna own my user name. OilemFirchen Apr 2022 #93
There are other people that have sold their Tesla cars. rockfordfile Apr 2022 #108
Most "Town Squares" are publicly owned Elon. Glad I was never on the Twit. JanMichael Apr 2022 #95
I guess I don't get closing your accounts, stay and fight for truth. OverBurn Apr 2022 #100
We need a Web3 twitter alternative hueymahl Apr 2022 #104
Make hashtag "Qwitter" a meme Simeon Salus Apr 2022 #107
Free speech, just don't criticize Tesla. flvegan Apr 2022 #109
That's just obscene. trof Apr 2022 #112
tax the rich larwdem Apr 2022 #113
well larwdem Apr 2022 #114
I have already requested a download of my archived stuff and will delete my account when I get kimbutgar Apr 2022 #116
This is not a good thing. We need a Twitter alternative and we need it fast. Joinfortmill Apr 2022 #117
Twitter is Bad Swamp Snob Apr 2022 #118
This buy out is more of the creation The Grand Illuminist Apr 2022 #119
This message was self-deleted by its author jfz9580m Apr 2022 #127
Howard Hughes built the Spruce Goose. Aussie105 Apr 2022 #129
This message was self-deleted by its author jfz9580m Apr 2022 #130
If the "libs" they want to own leave the site, there will be no one to harass, demean and Vinca Apr 2022 #132
I am so happy that I don't use Twitter. hamsterjill Apr 2022 #133
Hahaha, never mind ck4829 Jul 2022 #135
This was dated 4-25-22. nt leftyladyfrommo Jul 2022 #136
Yup and so was the OP BumRushDaShow Jul 2022 #137
Now they are suing each other. Musk is a really strange leftyladyfrommo Jul 2022 #138
Correction... BlueIdaho Jul 2022 #139
I don't follow him that closely. I just see headlines leftyladyfrommo Jul 2022 #140
Tesla may soon be BlueIdaho Jul 2022 #141
I hope he goes forward with a fee system. Mosby Jul 2022 #142
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