The world's richest man Elon Musk has managed to strike a deal with the American micro-blogging site Twitter. The Tesla CEO will now be buying twitter for $44 billion, an all-cash deal.

A deal in the name of Free Speeh: Will Twitter open-source its platform?

As Billionaire Elon Musk looks all set to buy Twitter, here's look at what's wrong with Twitter as a business model. Is it a broken business?

Twitter CEO: Direction of the platform unclear

Elon Musk's Twitter takeover has met with a mixed reaction from the general public, people in Washington DC voiced their concerns with the spread of fake news and also hate speech while others fear that the world's richest man could now control content for his own purpose.

'Musk may control content for his own purpose,' mixed reactions on Elon Musk's Twitter acquisition

The world's richest man Elon Musk has managed to strike a deal with the American micro-blogging site Twitter. The Tesla CEO will now be buying twitter for $44 billion, an all-cash deal. Now, what changes can be expected at Twitter? Will Twitter get an edit button?

Elon Musk acquires social media giant, will Twitter get an 'edit' button now?

Elon Musk, world’s richest man, is set to takeover Twitter for $44 billion. But this deal may be ‘concerning’ for some. The White House Secretary Jen Psaki said US President Joe Biden has “long been concerned about the power of large social media platforms.” Some even speculate the road ahead of Twitter CEO Parag Agrawal while others find a China angle in the story.

Elon Musk’s Twitter deal has people ‘concerned’

Elon Musk, world's richest man, is set to buy Twitter for $44 billion. The deal is likely to cause major changes in tech universe. But is this the biggest-ever acquisition? Not really. Here's a look at biggest-ever tech acquisitions so far.

Elon Musk buys Twitter, is this biggest-ever tech acquisition?

Twitter accepts Elon Musk's buyout deal

Twitter accepts Elon Musk's buyout deal as it is set to be owned by World's richest man

<p>Twitter on Monday (April 25) confirmed the sale of the company to Tesla and SpaceX boss Elon Musk for $44 billion. The sale will now give control of one of the most popular social media platforms to the world's richest person. Twitter is used by millions of people.&nbsp;</p>

<p>In a joint release announcing the takeover, 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 humanity are debated."&nbsp;</p>

<p>Reports related to the bid were circulated and the discussions over the deal dominated the media reports&nbsp;globally.</p>

<p>The talks were reportedly accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer.&nbsp;</p>

<p><strong>IN PICS |&nbsp;<a href="https://www.wionews.com/photos/as-twitter-hammers-out-deal-to-sell-itself-to-musk-lets-look-at-microblogging-sites-rich-history-473749">The Twitter saga: From Jack Dorsey's first tweet to $43bn bid by Elon Musk</a>&nbsp;</strong></p>

<p>It has been reported that shareholders will receive $54.20 in cash for each share of Twitter stock they own as per the terms of the deal.&nbsp;</p>

<p>CNN reported that it is apparently matching Tesla CEO's original offer and marking a 38 per cent premium over the stock price the day before Musk revealed his stake in the company.&nbsp;</p>

<p>Twitter independent board chair Bret Taylor said in a statement: "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing."&nbsp;</p>

<p>Taylor hailed the deal as "the best path forward for Twitter's stockholders."&nbsp;</p>

<p>Meanwhile, the European Commission said it was too early to comment on the deal but recalled that the bloc's digital services rules apply to all major platforms.</p>

<p><strong>ALSO READ | <a href="https://www.wionews.com/entertainment/hollywood/news-a-brief-history-of-amber-heard-elon-musk-romance-473065">A brief history of Amber Heard-Elon Musk romance</a></strong></p>

<p><strong>WATCH |&nbsp;Elon Musk acquires social media giant, will Twitter get an 'edit' button now?</strong></p>

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<p>The sale is termed as a dramatic shift for the board as the deal has ended Twitter's run as a public company since its 2013 initial public offering. The board originally manoeuvred to block Musk from taking the social media network private.&nbsp;</p>

<p>As reported, The New York Stock Exchange (NYS) also suspended trading of Twitter stock amid reports the company was close to accepting Tesla boss Elon Musk's takeover offer.&nbsp;</p>

<p>Around 1850 GMT, the NYSE said trading was halted on Twitter due to news pending. The stock had gained 5.5 per cent in the day's session.&nbsp;</p>

<p><strong>Watch WION live:&nbsp;</strong></p>

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<p><em>(With inputs from agencies)</em></p>


Twitter on Monday (April 25) confirmed the sale of the company to Tesla and SpaceX boss Elon Musk for $44 billion. The sale will now give control of one of the most popular social media platforms to the world's richest person.

Twitter on Monday (April 25) confirmed the sale of the company to Tesla and SpaceX boss Elon Musk for $44 billion. The sale will now give control of one of the most popular social media platforms to the world's richest person. Twitter is used by millions of people. In a joint release announcing the takeover, 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 humanity are debated." Reports related to the bid were circulated and the discussions over the deal dominated the media reports globally. The talks were reportedly accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer. IN PICS | The Twitter saga: From Jack Dorsey's first tweet to $43bn bid by Elon Musk It has been reported that shareholders will receive $54.20 in cash for each share of Twitter stock they own as per the terms of the deal. CNN reported that it is apparently matching Tesla CEO's original offer and marking a 38 per cent premium over the stock price the day before Musk revealed his stake in the company. Twitter independent board chair Bret Taylor said in a statement: "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing." Taylor hailed the deal as "the best path forward for Twitter's stockholders." Meanwhile, the European Commission said it was too early to comment on the deal but recalled that the bloc's digital services rules apply to all major platforms. ALSO READ | A brief history of Amber Heard-Elon Musk romance WATCH | Elon Musk acquires social media giant, will Twitter get an 'edit' button now? × The sale is termed as a dramatic shift for the board as the deal has ended Twitter's run as a public company since its 2013 initial public offering. The board originally manoeuvred to block Musk from taking the social media network private. As reported, The New York Stock Exchange (NYS) also suspended trading of Twitter stock amid reports the company was close to accepting Tesla boss Elon Musk's takeover offer. Around 1850 GMT, the NYSE said trading was halted on Twitter due to news pending. The stock had gained 5.5 per cent in the day's session. Watch WION live: × (With inputs from agencies)

Twitter confirms sale of company to Elon Musk for $44 billion

<p>As soon as the news of Tesla CEO Elon Musk buying Twitter hit the internet, the&nbsp;microblogging site exploded in a whirlwind of memes and a&nbsp;frenzy of&nbsp;amusing tweets.</p>

<p>Musk, the eccentric and brilliant CEO who, by his own admission, is a strong believer in free speech, has bought Twitter after weeks of controversy.</p>

<p>The world's richest man, known for his innovative ideas, has investments in a wide range of industries, including space exploration, electric automobiles, and artificial intelligence. He's on his way to becoming the social media king.</p>

<p><strong>Watch |&nbsp;'Musk may control content for his own purpose,' mixed reactions on Elon Musk's Twitter acquisition</strong></p>

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<p>From memes to jokes to suggestions, here's how Twitterati are reacting to this acquisition:&nbsp;</p>

<p>Let's start with a tweet by Jeff Bezos, the founder of Amazon, and the response people gave to his tweet.</p>

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<p dir="ltr" lang="en">Interesting question. Did the Chinese government just gain a bit of leverage over the town square? <a href="https://t.co/jTiEnabP6T">https://t.co/jTiEnabP6T</a></p>
— Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1518734031566778368?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p dir="ltr" lang="en">Elon musk things...😂😂<a href="https://twitter.com/hashtag/ElonMuskBuyTwitter?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMuskBuyTwitter</a> <a href="https://twitter.com/hashtag/ElonMusk?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMusk</a> <a href="https://t.co/mzLZVu2Sdc">pic.twitter.com/mzLZVu2Sdc</a></p>
— COLDPLAYER..🎸🎶🎶 (@swaroop_124) <a href="https://twitter.com/swaroop_124/status/1518577694119952385?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p>And now let's move on to the people's reactions:</p>

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<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/ElonMuskBuyTwitter?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMuskBuyTwitter</a> <a href="https://twitter.com/hashtag/ElonMusk?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMusk</a> right now : <a href="https://t.co/SJO3HfXnq4">pic.twitter.com/SJO3HfXnq4</a></p>
— _H@rîs_ (@imharis_10) <a href="https://twitter.com/imharis_10/status/1518727000105570304?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p dir="ltr" lang="en">Suspended accounts coming back after Twitter takeover by Elon Musk <a href="https://t.co/1tJD66El3i">pic.twitter.com/1tJD66El3i</a></p>
— Sagar (@sagarcasm) <a href="https://twitter.com/sagarcasm/status/1518631080706076673?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p dir="ltr" lang="en">Elon Musk has finally set the blue bird free: <a href="https://t.co/LXjzYCS2ZU">pic.twitter.com/LXjzYCS2ZU</a></p>
— Mikey (@MikeDulaimi) <a href="https://twitter.com/MikeDulaimi/status/1518669089010561027?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains | The Elon Musk-Twitter saga; from hostile bid to the actual takeover</a></strong></p>

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<p dir="ltr" lang="en">Elon Musk's first visit to <a href="https://twitter.com/Twitter?ref_src=twsrc%5Etfw">@Twitter</a> office. <a href="https://t.co/ri98EGuQPc">pic.twitter.com/ri98EGuQPc</a></p>
— Rofl Gandhi 2.0 🏹 (@RoflGandhi_) <a href="https://twitter.com/RoflGandhi_/status/1518833089723596800?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p dir="ltr" lang="en">Elon Musk paid $44 billion for Twitter.<br />
Me who downloaded it for free: <a href="https://t.co/fMmep8hY16">pic.twitter.com/fMmep8hY16</a></p>
— Aman (@imboyaman) <a href="https://twitter.com/imboyaman/status/1518835834748739584?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p dir="ltr" lang="en">Elon Musk after buying twitter for $44 billion to Donald Trump <a href="https://twitter.com/hashtag/twittersold?src=hash&amp;ref_src=twsrc%5Etfw">#twittersold</a> <a href="https://t.co/aiVlr0Yi1e">pic.twitter.com/aiVlr0Yi1e</a></p>
— Harsh nandan (@nandanharsh181) <a href="https://twitter.com/nandanharsh181/status/1518790013625856000?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p dir="ltr" lang="en">Me showing Elon Musk how to download twitter for free on the App Store instead of spending $45 billion <a href="https://t.co/HIVmJDPEhY">pic.twitter.com/HIVmJDPEhY</a></p>
— formu1a.fun (@formu1a_fun) <a href="https://twitter.com/formu1a_fun/status/1518826927359942657?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/tech-visionary-turned-social-media-king-elon-musks-a-list-enterprises-and-how-much-they-are-worth-473896">Tech visionary turned social media king Elon Musk's A-list enterprises and how much they are worth</a></strong></p>

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<p dir="ltr" lang="en">One fine morning, bored <a href="https://twitter.com/hashtag/ElonMusk?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMusk</a> decided to go for a shopping and bought Twitter. Say hello to the new CEO of Twitter.<a href="https://twitter.com/hashtag/TwitterCEO?src=hash&amp;ref_src=twsrc%5Etfw">#TwitterCEO</a> <a href="https://twitter.com/hashtag/twittersold?src=hash&amp;ref_src=twsrc%5Etfw">#twittersold</a> <a href="https://t.co/soFRewB6wm">pic.twitter.com/soFRewB6wm</a></p>
— Django (@DaringDjango) <a href="https://twitter.com/DaringDjango/status/1518812104878215169?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p dir="ltr" lang="en">Elon Musk should restore Donald Trump’s Twitter account, regardless of whether he plans to use it or not.<br />
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Free Speech on Twitter starts with righting previous wrongs.</p>
— Benny Johnson (@bennyjohnson) <a href="https://twitter.com/bennyjohnson/status/1518802224230678531?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p dir="ltr" lang="en">Bought twitter for one reason: get rid of this annoying stalking bot <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> <a href="https://twitter.com/ElonJet?ref_src=twsrc%5Etfw">@ElonJet</a> <a href="https://t.co/kQTmyTkr3H">pic.twitter.com/kQTmyTkr3H</a></p>
— Ellon Musk (@marskellion) <a href="https://twitter.com/marskellion/status/1518838825673531393?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p dir="ltr" lang="en">One fine morning, bored <a href="https://twitter.com/hashtag/ElonMusk?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMusk</a> decided to go for a shopping and bought Twitter. Say hello to the new CEO of Twitter.<a href="https://twitter.com/hashtag/TwitterCEO?src=hash&amp;ref_src=twsrc%5Etfw">#TwitterCEO</a> <a href="https://twitter.com/hashtag/twittersold?src=hash&amp;ref_src=twsrc%5Etfw">#twittersold</a> <a href="https://t.co/soFRewB6wm">pic.twitter.com/soFRewB6wm</a></p>
— Django (@DaringDjango) <a href="https://twitter.com/DaringDjango/status/1518812104878215169?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/after-elon-musks-purchase-of-twitter-white-house-expresses-concerns-473856">After Musk's Twitter deal, White House says concerned over 'power of large social media platforms'</a></strong></p>

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<p dir="ltr" lang="en">Donald Trump celebration🎉🤸‍♀️ after <a href="https://twitter.com/hashtag/ElonMusk?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMusk</a> <a href="https://twitter.com/hashtag/TwitterTakeover?src=hash&amp;ref_src=twsrc%5Etfw">#TwitterTakeover</a> <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> announce free speech .<a href="https://twitter.com/hashtag/CEO_of_Twitter?src=hash&amp;ref_src=twsrc%5Etfw">#CEO_of_Twitter</a> <a href="https://twitter.com/hashtag/ParagAgrawal?src=hash&amp;ref_src=twsrc%5Etfw">#ParagAgrawal</a><br />
<a href="https://twitter.com/hashtag/jackdorsey?src=hash&amp;ref_src=twsrc%5Etfw">#jackdorsey</a> <a href="https://twitter.com/hashtag/leavingtwitter?src=hash&amp;ref_src=twsrc%5Etfw">#leavingtwitter</a> <a href="https://twitter.com/hashtag/twittersold?src=hash&amp;ref_src=twsrc%5Etfw">#twittersold</a> <a href="https://t.co/M7CQHqB5Bh">pic.twitter.com/M7CQHqB5Bh</a></p>
— Subhash Suman (@Subha7Suman) <a href="https://twitter.com/Subha7Suman/status/1518830694155251718?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p dir="ltr" lang="en">Everyone is thinking that Elon Musk has bought Twitter for Donald Trump.. but the real reason is something else.. 😂😂🤣🤣<a href="https://twitter.com/hashtag/twittersold?src=hash&amp;ref_src=twsrc%5Etfw">#twittersold</a> <a href="https://twitter.com/hashtag/ElonMusk?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMusk</a> <a href="https://twitter.com/hashtag/Twitter?src=hash&amp;ref_src=twsrc%5Etfw">#Twitter</a><a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> <a href="https://twitter.com/hashtag/ParagAgrawal?src=hash&amp;ref_src=twsrc%5Etfw">#ParagAgrawal</a><a href="https://twitter.com/hashtag/ElonMuskBuyTwitter?src=hash&amp;ref_src=twsrc%5Etfw">#ElonMuskBuyTwitter</a><a href="https://t.co/BJZ6tEdrU5">pic.twitter.com/BJZ6tEdrU5</a></p>
— Tòxìç 🚫 (@m_k_s_1_1) <a href="https://twitter.com/m_k_s_1_1/status/1518819687001296897?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p>Twitter independent board chair Bret Taylor said in a statement: "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing."&nbsp;</p>

<p>Taylor hailed the deal as "the best path forward for Twitter's stockholders."&nbsp;</p>


As soon as the news of Tesla CEO Elon Musk buying Twitter hit the internet, the microblogging site exploded in a whirlwind of memes and a frenzy of amusing tweets.

As soon as the news of Tesla CEO Elon Musk buying Twitter hit the internet, the microblogging site exploded in a whirlwind of memes and a frenzy of amusing tweets. Musk, the eccentric and brilliant CEO who, by his own admission, is a strong believer in free speech, has bought Twitter after weeks of controversy. The world's richest man, known for his innovative ideas, has investments in a wide range of industries, including space exploration, electric automobiles, and artificial intelligence. He's on his way to becoming the social media king. Watch | 'Musk may control content for his own purpose,' mixed reactions on Elon Musk's Twitter acquisition From memes to jokes to suggestions, here's how Twitterati are reacting to this acquisition: Let's start with a tweet by Jeff Bezos, the founder of Amazon, and the response people gave to his tweet. Interesting question. Did the Chinese government just gain a bit of leverage over the town square? https://t.co/jTiEnabP6T — Jeff Bezos (@JeffBezos) April 25, 2022 × Elon musk things...😂😂#ElonMuskBuyTwitter #ElonMusk pic.twitter.com/mzLZVu2Sdc — COLDPLAYER..🎸🎶🎶 (@swaroop_124) April 25, 2022 × And now let's move on to the people's reactions: #ElonMuskBuyTwitter #ElonMusk right now : pic.twitter.com/SJO3HfXnq4 — _H@rîs_ (@imharis_10) April 25, 2022 × Suspended accounts coming back after Twitter takeover by Elon Musk pic.twitter.com/1tJD66El3i — Sagar (@sagarcasm) April 25, 2022 × Elon Musk has finally set the blue bird free: pic.twitter.com/LXjzYCS2ZU — Mikey (@MikeDulaimi) April 25, 2022 × Also read | WION explains | The Elon Musk-Twitter saga; from hostile bid to the actual takeover Elon Musk's first visit to @Twitter office. pic.twitter.com/ri98EGuQPc — Rofl Gandhi 2.0 🏹 (@RoflGandhi_) April 26, 2022 × Elon Musk paid $44 billion for Twitter. Me who downloaded it for free: pic.twitter.com/fMmep8hY16 — Aman (@imboyaman) April 26, 2022 × Elon Musk after buying twitter for $44 billion to Donald Trump #twittersold pic.twitter.com/aiVlr0Yi1e — Harsh nandan (@nandanharsh181) April 26, 2022 × Me showing Elon Musk how to download twitter for free on the App Store instead of spending $45 billion pic.twitter.com/HIVmJDPEhY — formu1a.fun (@formu1a_fun) April 26, 2022 × Also read | Tech visionary turned social media king Elon Musk's A-list enterprises and how much they are worth One fine morning, bored #ElonMusk decided to go for a shopping and bought Twitter. Say hello to the new CEO of Twitter.#TwitterCEO #twittersold pic.twitter.com/soFRewB6wm — Django (@DaringDjango) April 26, 2022 × Elon Musk should restore Donald Trump’s Twitter account, regardless of whether he plans to use it or not. Free Speech on Twitter starts with righting previous wrongs. — Benny Johnson (@bennyjohnson) April 26, 2022 × Bought twitter for one reason: get rid of this annoying stalking bot @elonmusk @ElonJet pic.twitter.com/kQTmyTkr3H — Ellon Musk (@marskellion) April 26, 2022 × One fine morning, bored #ElonMusk decided to go for a shopping and bought Twitter. Say hello to the new CEO of Twitter.#TwitterCEO #twittersold pic.twitter.com/soFRewB6wm — Django (@DaringDjango) April 26, 2022 × Also read | After Musk's Twitter deal, White House says concerned over 'power of large social media platforms' Donald Trump celebration🎉🤸‍♀️ after #ElonMusk #TwitterTakeover @elonmusk announce free speech .#CEO_of_Twitter #ParagAgrawal #jackdorsey #leavingtwitter #twittersold pic.twitter.com/M7CQHqB5Bh — Subhash Suman (@Subha7Suman) April 26, 2022 × Everyone is thinking that Elon Musk has bought Twitter for Donald Trump.. but the real reason is something else.. 😂😂🤣🤣#twittersold #ElonMusk #Twitter#Trump #ParagAgrawal#ElonMuskBuyTwitterpic.twitter.com/BJZ6tEdrU5 — Tòxìç 🚫 (@m_k_s_1_1) April 26, 2022 × Twitter independent board chair Bret Taylor said in a statement: "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing." Taylor hailed the deal as "the best path forward for Twitter's stockholders."

From freeing the blue bird to Trump memes, here's how twitteratti reacted to Elon Musk's Twitter purchase

<p>After Twitter on Monday (April 25) confirmed the sale of the company to Tesla and SpaceX boss Elon Musk for $44 billion, rumours started circulating that&nbsp;former US President Donald Trump might return to the micro-blogging platform.&nbsp;</p>

<p>This may come as a shock, but apparently, former Trump would not be returning to Twitter.&nbsp;</p>

<p>As soon as the news broke that Tesla CEO Elon Musk had successfully purchased Twitter, the social media site was very quickly flooded with tweets and memes about the return of this controversial figure to the platform.&nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains | The Elon Musk-Twitter saga; from hostile bid to the actual takeover</a></strong></p>

<p>However, the business mogul himself has declared that he will not be returning to Twitter. Talking to Fox News, he said that he will join his own startup Truth Social over the next seven days.</p>

<p>"I am not going on Twitter, I am going to stay on Truth."</p>

<p>The Republican leader however did say a few words of praise for Elon Musk.</p>

<p>"I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth," he said.</p>

<p>Trump has been barred from using Twitter for life.&nbsp;</p>

<p><strong>Watch |&nbsp;'Musk may control content for his own purpose,' mixed reactions on Elon Musk's Twitter acquisition</strong></p>

<p><iframe allowfullscreen="" autoplay="1" frameborder="0" height="350" src="https://www.wionews.com/videos/musk-may-control-content-for-his-own-purpose-mixed-reactions-on-elon-musks-twitter-acquisition-473883/embed" width="560"></iframe></p>

<p>This happened after the infamous assault on the US Capitol in January 2021. Following Trump's inciting tweets and speeches, his supporters rallied on the Capitol, protesting Biden's election as President.</p>

<p>It soon turned bloody, and led to the death of five people, injuring another hundred plus.</p>

<p>At the time of this ban, the businessman had more than 88 million followers. Quite predictably, he didn’t take the ban very nicely.</p>

<p>Using the POTUS Twitter account, he accused Twitter staff of colluding with his political opponents in response to the account suspension.</p>

<p>“As I have been saying for a long time, Twitter has gone further and further in banning free speech, and tonight, Twitter employees have coordinated with the Democrats and Radical Left in removing my account from their platform, to silence me — and YOU, the 75,000,000 great patriots who voted for me.”</p>

<p><img alt="Trump's tweets" data-entity-type="file" data-entity-uuid="742d65ea-7f1f-400b-a605-6415205f6803" src="//cdn.wionews.com/sites/default/files/inline-images/Gallery%20%2811%29_0.jpg" /></p>

<p><em><sup>(Image courtesy: TechCrunch)</sup></em></p>

<p>It was then that he declared his intention of launching his own social media platform, an idea that took the form of Truth Social.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/tech-visionary-turned-social-media-king-elon-musks-a-list-enterprises-and-how-much-they-are-worth-473896">Tech visionary turned social media king Elon Musk's A-list enterprises and how much they are worth</a></strong></p>

<p>However, as per an AFP report, Trump has only posted once since the platform's launch in February.</p>

<p>Following its launch, the app was downloaded by over one million people, but interest appears to have dwindled due to technical issues and excessive wait times to access accounts.</p>

<p>Still, Trump claims that “what we're finding is that the response on TRUTH is much better than being on Twitter. Twitter has bots and fake accounts, and we are doing everything we can”.</p>

<p>Meanwhile,&nbsp;Elon Musk said that free speech is the "bedrock of a functioning democracy".</p>

<p>He further added that Twitter is the "digital town square where matters vital to the future of humanity are debated".&nbsp;</p>

<p><strong>Watch WION, Live:</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p><em>(With inputs from agencies)</em></p>


After Twitter on Monday (April 25) confirmed the sale of the company to Tesla and SpaceX boss Elon Musk for $44 billion, rumours started circulating that former US President Donald Trump might return to the micro-blogging platform.

After Twitter on Monday (April 25) confirmed the sale of the company to Tesla and SpaceX boss Elon Musk for $44 billion, rumours started circulating that former US President Donald Trump might return to the micro-blogging platform. This may come as a shock, but apparently, former Trump would not be returning to Twitter. As soon as the news broke that Tesla CEO Elon Musk had successfully purchased Twitter, the social media site was very quickly flooded with tweets and memes about the return of this controversial figure to the platform. Also read | WION explains | The Elon Musk-Twitter saga; from hostile bid to the actual takeover However, the business mogul himself has declared that he will not be returning to Twitter. Talking to Fox News, he said that he will join his own startup Truth Social over the next seven days. "I am not going on Twitter, I am going to stay on Truth." The Republican leader however did say a few words of praise for Elon Musk. "I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth," he said. Trump has been barred from using Twitter for life. Watch | 'Musk may control content for his own purpose,' mixed reactions on Elon Musk's Twitter acquisition This happened after the infamous assault on the US Capitol in January 2021. Following Trump's inciting tweets and speeches, his supporters rallied on the Capitol, protesting Biden's election as President. It soon turned bloody, and led to the death of five people, injuring another hundred plus. At the time of this ban, the businessman had more than 88 million followers. Quite predictably, he didn’t take the ban very nicely. Using the POTUS Twitter account, he accused Twitter staff of colluding with his political opponents in response to the account suspension. “As I have been saying for a long time, Twitter has gone further and further in banning free speech, and tonight, Twitter employees have coordinated with the Democrats and Radical Left in removing my account from their platform, to silence me — and YOU, the 75,000,000 great patriots who voted for me.” (Image courtesy: TechCrunch) It was then that he declared his intention of launching his own social media platform, an idea that took the form of Truth Social. Also read | Tech visionary turned social media king Elon Musk's A-list enterprises and how much they are worth However, as per an AFP report, Trump has only posted once since the platform's launch in February. Following its launch, the app was downloaded by over one million people, but interest appears to have dwindled due to technical issues and excessive wait times to access accounts. Still, Trump claims that “what we're finding is that the response on TRUTH is much better than being on Twitter. Twitter has bots and fake accounts, and we are doing everything we can”. Meanwhile, Elon Musk said that free speech is the "bedrock of a functioning democracy". He further added that Twitter is the "digital town square where matters vital to the future of humanity are debated". Watch WION, Live: (With inputs from agencies)

Will Donald Trump return to Twitter? Ex-Prez responds after Elon Musk's Twitter takeover

<p>Twitter on Monday (April 25) confirmed that it is selling the micro-blogging platform to the world's richest person Elon Musk in a stunning deal valued at $44 billion. How many zeroes does $44 billion have? Nevermind!&nbsp;</p>

<p>After the deal. the publicly traded firm will now become a private company owned by Musk. Apart from this, Musk's efforts have raised hopes about the commercial potential of the micro-blogging platform.&nbsp;</p>

<p>In a statement after the deal was finalised, Tesla and SpaceX CEO said that free speech is the "bedrock of a functioning democracy". He further added that Twitter is the "digital town square where matters vital to the future of humanity are debated".&nbsp;</p>

<p>Ever wondered what else could have been done with <a href="https://www.wionews.com/technology/twitter-confirms-sale-of-company-to-elon-musk-for-44-bn-473837">$44 billion</a>?&nbsp;</p>

<p>Twitter is one of the most popular social media platforms and millions of people use it. When the news broke, Twitterati reacted with jokes, memes and suggestions.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/after-musks-twitter-deal-whats-next-for-ceo-parag-agrawal-473891">After Musk's Twitter deal, what's next for CEO Parag Agrawal?</a></strong></p>

<p>Among other users, Umar Saif, who is a Pakistani computer scientist and academic, also commented. He rather insinuated that the money used to buy Twitter could have helped Sri Lanka amid the economic crisis.&nbsp;</p>

<p>In a tweet, Saif, who also serves&nbsp;as an advisor to the United Nations Development Programme in Pakistan, wrote, "Elon Musk just bought Twitter for $43 billion."&nbsp;</p>

<p>"For a slightly larger amount, he could have also saved Sri Lanka's international default on its debt of $45 billion. Such is the power of big wealth. Focus on that startup you have been dreaming about," he added.&nbsp;</p>

<p>The European Commission has said that it was too early to comment on the deal&nbsp;but recalled that the bloc's digital services rules apply to all major platforms.&nbsp;</p>

<p><strong>IN PICS |&nbsp;<a href="https://www.wionews.com/photos/elon-musk-buys-twitter-here-are-other-biggest-ever-tech-acquisitions-so-far-473886">Elon Musk buys Twitter, here are other biggest-ever tech acquisitions so far</a></strong></p>

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<p dir="ltr" lang="en">Elon Musk just bought Twitter for $43 billion.<br />
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For a slightly larger amount, he could have also saved Sri Lanka's international default on its debt of $45 billion.<br />
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Such is the power of big wealth. Focus on that startup you have been dreaming about …</p>
— Umar Saif (@umarsaif) <a href="https://twitter.com/umarsaif/status/1518671314445344769?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p><strong>What else could have been done?&nbsp;</strong></p>

<p>Such an amount could help in solving world hunger. For instance, in a detailed plan, United Nations' World Food Programme noted that Musk could support 42 million people facing famine by giving them one meal per person per day for a year.&nbsp;</p>

<p>As per The Verge report, the cost of that plan was apparently, $6.6 billion. The report also mentioned that the billionaire had donated $5.7 billion to charity in November.&nbsp;</p>

<p><strong>WATCH | Elon Musk acquires social media giant, will Twitter get an 'edit' button now?</strong></p>

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<p>Musk could have bought a media house to support journalism, similar to what Jeff Bezos did when he spent $250 million to buy The Washington Post. Laurene Powell Jobs spent around $100 million and owns a majority stake in The Atlantic.&nbsp;</p>

<p>Such an amount could help economies that have been battered by the coronavirus (COVID-19) pandemic. The amount can facilitate planning for future pandemics.&nbsp;</p>

<p>The amount would&nbsp;help underdeveloped nations to provide citizens with basic amenities like food, clean water, proper sanitation, etc.&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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<p>&nbsp;</p>


Twitter on Monday (April 25) confirmed that it is selling the micro-blogging platform to the world's richest person Elon Musk in a stunning deal valued at $44 billion.

Twitter on Monday (April 25) confirmed that it is selling the micro-blogging platform to the world's richest person Elon Musk in a stunning deal valued at $44 billion. How many zeroes does $44 billion have? Nevermind! After the deal. the publicly traded firm will now become a private company owned by Musk. Apart from this, Musk's efforts have raised hopes about the commercial potential of the micro-blogging platform. In a statement after the deal was finalised, Tesla and SpaceX CEO said that free speech is the "bedrock of a functioning democracy". He further added that Twitter is the "digital town square where matters vital to the future of humanity are debated". Ever wondered what else could have been done with $44 billion? Twitter is one of the most popular social media platforms and millions of people use it. When the news broke, Twitterati reacted with jokes, memes and suggestions. ALSO READ | After Musk's Twitter deal, what's next for CEO Parag Agrawal? Among other users, Umar Saif, who is a Pakistani computer scientist and academic, also commented. He rather insinuated that the money used to buy Twitter could have helped Sri Lanka amid the economic crisis. In a tweet, Saif, who also serves as an advisor to the United Nations Development Programme in Pakistan, wrote, "Elon Musk just bought Twitter for $43 billion." "For a slightly larger amount, he could have also saved Sri Lanka's international default on its debt of $45 billion. Such is the power of big wealth. Focus on that startup you have been dreaming about," he added. The European Commission has said that it was too early to comment on the deal but recalled that the bloc's digital services rules apply to all major platforms. IN PICS | Elon Musk buys Twitter, here are other biggest-ever tech acquisitions so far Elon Musk just bought Twitter for $43 billion. For a slightly larger amount, he could have also saved Sri Lanka's international default on its debt of $45 billion. Such is the power of big wealth. Focus on that startup you have been dreaming about … — Umar Saif (@umarsaif) April 25, 2022 × What else could have been done? Such an amount could help in solving world hunger. For instance, in a detailed plan, United Nations' World Food Programme noted that Musk could support 42 million people facing famine by giving them one meal per person per day for a year. As per The Verge report, the cost of that plan was apparently, $6.6 billion. The report also mentioned that the billionaire had donated $5.7 billion to charity in November. WATCH | Elon Musk acquires social media giant, will Twitter get an 'edit' button now? × Musk could have bought a media house to support journalism, similar to what Jeff Bezos did when he spent $250 million to buy The Washington Post. Laurene Powell Jobs spent around $100 million and owns a majority stake in The Atlantic. Such an amount could help economies that have been battered by the coronavirus (COVID-19) pandemic. The amount can facilitate planning for future pandemics. The amount would help underdeveloped nations to provide citizens with basic amenities like food, clean water, proper sanitation, etc. WATCH WION LIVE HERE ×

Elon Musk buys Twitter: What else could have been done with a mind-boggling amount of $44 billion?

<p>Tesla CEO Elon Musk has successfully purchased Twitter for $44 billion. The deal will give the world's richest person control of the social media platform populated by millions of users and global leaders.</p>

<p>Now that the Tesla CEO&nbsp;has purchased Twitter, the US government has expressed some concerns.</p>

<p>During a Monday press briefing, the White House said that US President Joe Biden was concerned about the power that large social media outlets hold.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains: The Elon Musk-Twitter controversy</a></strong><br />
&nbsp;<br />
Dismissing that this concern had anything to do with the billionaire, spokesperson Jen Psaki said the White House would not comment on an individual transaction.</p>

<p>"Our concerns are not new," said Psaki.</p>

<p>"No matter who owns or runs Twitter, the President has long been concerned about the power of large social media platforms, that power they have over our everyday lives."</p>

<p>She added that Biden "has long argued that tech platforms must be held accountable for the harm they cause."&nbsp;</p>

<p><strong>Watch |&nbsp;Elon Musk's mission Twitter: Musk to seal the deal with Twitter? Twitter shares jump over 3%</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musks-mission-twitter-musk-to-seal-the-deal-with-twitter-twitter-shares-jump-over-3-473852/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Just a few hours ago on Monday, Musk successfully clinched a deal to purchase micro-blogging site Twitter for $44 billion.&nbsp;</p>

<p>His takeover of Twitter is the culmination of a whirlwind of announcements and counter-announcements, punctuated by gleefully fired punches at the company, that too on its own platform.</p>

<p>Musk's new character as a social media tyrant is sure to stoke a debate over his political leanings, corporate practices, and outsized personality.</p>

<p>Even as he touts himself as an advocate of free speech, he is known to be libertarian, anti-woke, and impulsive. His critics describe him as autocratic and bullying.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/that-is-what-free-speech-means-elon-musks-appeal-to-worst-critics-as-he-nears-deal-with-twitter-473789" hreflang="en">'That is what free speech means': Elon Musk's appeal to 'worst critics' as he nears deal with Twitter</a></strong></p>

<p>Officials in the Biden administration believe that more vigilance will help to avoid the spread of misleading information about political concerns and the COVID-19 epidemic.</p>

<p>According to Psaki, the White House continues to push for the repeal of Section 230, a rule that protects online corporations from liability for user-submitted content, as well as more anti-trust and transparency enforcement against digital giants.</p>

<p>"We engage regularly with all social media platforms about steps that can be taken," Psaki added. "That has continued, and I'm sure will continue, but there are also reforms that we think Congress could take."</p>

<p><strong>Watch WION, Live:</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p><em>(With inputs from agencies)</em></p>


Tesla CEO Elon Musk has successfully purchased Twitter for $44 billion. The deal will give the world's richest person control of the social media platform populated by millions of users and global leaders.

Tesla CEO Elon Musk has successfully purchased Twitter for $44 billion. The deal will give the world's richest person control of the social media platform populated by millions of users and global leaders. Now that the Tesla CEO has purchased Twitter, the US government has expressed some concerns. During a Monday press briefing, the White House said that US President Joe Biden was concerned about the power that large social media outlets hold. Also read | WION explains: The Elon Musk-Twitter controversy Dismissing that this concern had anything to do with the billionaire, spokesperson Jen Psaki said the White House would not comment on an individual transaction. "Our concerns are not new," said Psaki. "No matter who owns or runs Twitter, the President has long been concerned about the power of large social media platforms, that power they have over our everyday lives." She added that Biden "has long argued that tech platforms must be held accountable for the harm they cause." Watch | Elon Musk's mission Twitter: Musk to seal the deal with Twitter? Twitter shares jump over 3% Just a few hours ago on Monday, Musk successfully clinched a deal to purchase micro-blogging site Twitter for $44 billion. His takeover of Twitter is the culmination of a whirlwind of announcements and counter-announcements, punctuated by gleefully fired punches at the company, that too on its own platform. Musk's new character as a social media tyrant is sure to stoke a debate over his political leanings, corporate practices, and outsized personality. Even as he touts himself as an advocate of free speech, he is known to be libertarian, anti-woke, and impulsive. His critics describe him as autocratic and bullying. Also read | 'That is what free speech means': Elon Musk's appeal to 'worst critics' as he nears deal with Twitter Officials in the Biden administration believe that more vigilance will help to avoid the spread of misleading information about political concerns and the COVID-19 epidemic. According to Psaki, the White House continues to push for the repeal of Section 230, a rule that protects online corporations from liability for user-submitted content, as well as more anti-trust and transparency enforcement against digital giants. "We engage regularly with all social media platforms about steps that can be taken," Psaki added. "That has continued, and I'm sure will continue, but there are also reforms that we think Congress could take." Watch WION, Live: (With inputs from agencies)

Elon Musk takes over Twitter: White House says concerned over 'power of large social media platforms'

<p>Twitter CEO Parag Agrawal on Monday told employees that the company was in dark about future under Elon Musk. The billionaire is soon to take over social media giant.</p>

<p>Agrawal was speaking with his employees in a company-wide town hall meeting.</p>

<p>The company told the staff that Musk will hold a question-and-answer session with employees at a later date.</p>

<p>During the town hall meeting, Agrawal was asked about the possibility of layoffs, Twitter board's rationale for the deal and also about Musk's plans for the company. Agrawal deferred many questions as ones that should be asked of Musk.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/world/after-elon-musks-purchase-of-twitter-white-house-expresses-concerns-473856">After Musk's Twitter deal, White House says concerned over 'power of large social media platforms'</a></strong></p>

<p>Musk has said he believes Twitter should be a platform for free speech. Employees asked Agrawal whether former US President Donald Trump, who was permanently suspended from Twitter last year, would be allowed to return once Musk takes over.</p>

<p>"Once the deal closes, we don't know which direction the platform will go," Agrawal said, referring to the question regarding Trump. "I believe when we have an opportunity to speak with Elon, it's a question we should address with him."</p>

<p><strong>Also Read | <a href="https://www.wionews.com/technology/twitter-confirms-sale-of-company-to-elon-musk-for-44-bn-473837">Twitter confirms sale of company to Elon Musk for $44 billion</a></strong></p>

<p>Agrawal told employees that there were no plans for layoffs.</p>

<p>Bret Taylor, chair of Twitter's board of directors, aimed to reassure employees that the agreement with Musk prioritized "operating continuity" until the deal was closed.</p>

<p><strong>Watch WION Live!</strong></p>

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<p>"I think we feel very comfortable that (the deal) gives this team the ability to continue to make the company successful in between signing and closing the transaction," Taylor said.</p>

<p><em>(With inputs from agencies)</em></p>


Twitter CEO Parag Agrawal on Monday told employees that the company was in dark about future under Elon Musk. The billionaire is soon to take over social media giant.

Twitter CEO Parag Agrawal on Monday told employees that the company was in dark about future under Elon Musk. The billionaire is soon to take over social media giant. Agrawal was speaking with his employees in a company-wide town hall meeting. The company told the staff that Musk will hold a question-and-answer session with employees at a later date. During the town hall meeting, Agrawal was asked about the possibility of layoffs, Twitter board's rationale for the deal and also about Musk's plans for the company. Agrawal deferred many questions as ones that should be asked of Musk. Also Read | After Musk's Twitter deal, White House says concerned over 'power of large social media platforms' Musk has said he believes Twitter should be a platform for free speech. Employees asked Agrawal whether former US President Donald Trump, who was permanently suspended from Twitter last year, would be allowed to return once Musk takes over. "Once the deal closes, we don't know which direction the platform will go," Agrawal said, referring to the question regarding Trump. "I believe when we have an opportunity to speak with Elon, it's a question we should address with him." Also Read | Twitter confirms sale of company to Elon Musk for $44 billion Agrawal told employees that there were no plans for layoffs. Bret Taylor, chair of Twitter's board of directors, aimed to reassure employees that the agreement with Musk prioritized "operating continuity" until the deal was closed. Watch WION Live! × "I think we feel very comfortable that (the deal) gives this team the ability to continue to make the company successful in between signing and closing the transaction," Taylor said. (With inputs from agencies)

Under Elon Musk, Twitter's future in the dark, CEO Parag Agrawal tells employees

<p>Wang Wenbin, the spokesperson of the Chinese foreign ministry, on Tuesday (April 26) dismissed speculation that the country may&nbsp;try to influence Twitter through Tesla.</p>

<p>Addressing a press conference, Wenbin said, "I noticed that you're good at speculating but there is no basis."</p>

<p>Tesla CEO Elon Musk has bought Twitter with a cash deal of $44 billion and since China is the biggest market for the electric automobile company it was speculated that it might use this to influence the content on the microblogging site Twitter.</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musks-deal-to-takeover-twitter-subject-to-a-shareholder-vote-473970/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Earlier, Amazon founder Jeff Bezos had said the Twitter deal gives China "a bit of leverage over the town square."</p>

<p>"My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter," Bezos had tweeted.</p>

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<p dir="ltr" lang="en">Interesting question. Did the Chinese government just gain a bit of leverage over the town square? <a href="https://t.co/jTiEnabP6T">https://t.co/jTiEnabP6T</a></p>
— Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1518734031566778368?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p>In response, Musk, who is the world's richest man and a competitor of Bezos said, "I hope that even my worst critics remain on Twitter, because that is what free speech means."</p>

<p>Interestingly, Twitter is blocked in China and Beijing uses Weibo as its replacement in the Communist country.</p>

<p><strong>Also see |&nbsp;<a href="https://www.wionews.com/photos/elon-musk-buys-twitter-here-are-other-biggest-ever-tech-acquisitions-so-far-473886">Musk buys Twitter, here are other biggest-ever tech acquisitions so far</a></strong></p>

<p>After Musk opened a new showroom in China’s northwestern region of Xinjiang, American activists had urged him to close it as Beijing has made concentration camps over there to abuse Uighur Muslims.</p>

<p>According to Ibrahim Hooper, the communications director of the Council on American-Islamic Relations, “No American corporation should be doing business in a region that is the focal point of a campaign of genocide targeting a religious and ethnic minority.”</p>

<p><strong>Watch WION's live TV here:</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p>Even White House Press Secretary Jen Psaki had condemned the move saying, “The international community, including the public and private sectors cannot look the other way when it comes to what is taking place in Xinjiang.”&nbsp;</p>

<p>In 2019, Musk opened Tesla's first factory outside the US in Shanghai. He has been at loggerheads with the US Securities Exchange Commission over a tweet claiming he will take Tesla private in 2018.</p>

<p><em>(With inputs from agencies)</em></p>


Wang Wenbin, the spokesperson of the Chinese foreign ministry, on Tuesday (April 26) dismissed speculation that the country may try to influence Twitter through Tesla.

Wang Wenbin, the spokesperson of the Chinese foreign ministry, on Tuesday (April 26) dismissed speculation that the country may try to influence Twitter through Tesla. Addressing a press conference, Wenbin said, "I noticed that you're good at speculating but there is no basis." Tesla CEO Elon Musk has bought Twitter with a cash deal of $44 billion and since China is the biggest market for the electric automobile company it was speculated that it might use this to influence the content on the microblogging site Twitter. Earlier, Amazon founder Jeff Bezos had said the Twitter deal gives China "a bit of leverage over the town square." "My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter," Bezos had tweeted. Interesting question. Did the Chinese government just gain a bit of leverage over the town square? https://t.co/jTiEnabP6T — Jeff Bezos (@JeffBezos) April 25, 2022 × In response, Musk, who is the world's richest man and a competitor of Bezos said, "I hope that even my worst critics remain on Twitter, because that is what free speech means." Interestingly, Twitter is blocked in China and Beijing uses Weibo as its replacement in the Communist country. Also see | Musk buys Twitter, here are other biggest-ever tech acquisitions so far After Musk opened a new showroom in China’s northwestern region of Xinjiang, American activists had urged him to close it as Beijing has made concentration camps over there to abuse Uighur Muslims. According to Ibrahim Hooper, the communications director of the Council on American-Islamic Relations, “No American corporation should be doing business in a region that is the focal point of a campaign of genocide targeting a religious and ethnic minority.” Watch WION's live TV here: Even White House Press Secretary Jen Psaki had condemned the move saying, “The international community, including the public and private sectors cannot look the other way when it comes to what is taking place in Xinjiang.” In 2019, Musk opened Tesla's first factory outside the US in Shanghai. He has been at loggerheads with the US Securities Exchange Commission over a tweet claiming he will take Tesla private in 2018. (With inputs from agencies)

Twitter-Elon Musk deal: China junks speculations it may gain influence over the site

<p>Just hours after Tesla chief Elon Musk brought Twitter in a mega $44 billion deal, Amazon founder Jeff Bezos questioned China's influence with Tesla's electric car company running in China.</p>

<p>"Interesting question. Did the Chinese government just gain a bit of leverage over the town square?" Bezos said in a tweet after a user set details on Tesla's operations in China and the fact that the Communist government had banned Twitter.</p>

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<p dir="ltr" lang="en">Interesting question. Did the Chinese government just gain a bit of leverage over the town square? <a href="https://t.co/jTiEnabP6T">https://t.co/jTiEnabP6T</a></p>
— Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1518734031566778368?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p>The Amazon boss then added: "My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter," adding, "But we'll see. Musk is extremely good at navigating this kind of complexity."</p>

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<p dir="ltr" lang="en">My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter.</p>
— Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1518758025946800131?ref_src=twsrc%5Etfw">April 26, 2022</a></blockquote>
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<p><strong>Watch:&nbsp;Twitter accepts Elon Musk's buyout deal</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/twitter-accepts-elon-musks-buyout-deal-473865/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Musk's bid to takeover Twitter was hampered by a hostile takeover threat as the Tesla chief sought to win over investors.&nbsp;</p>

<p>Musk had earlier bought nine per cent stake in Twitter but then&nbsp;sought to buy the social medial giant even as the Twitter board said it would adopt a "poison pill" approach to thwart Musk's plan.</p>

<p><a href="https://www.wionews.com/world/after-elon-musks-purchase-of-twitter-white-house-expresses-concerns-473856">Also Read:&nbsp;White House says concerned over 'power of large social media platforms'</a></p>

<p>However, Musk won the fight as he informed that he had put together a mammoth $46.5 billion as the Twitter board accepted the offer.</p>

<p>(Wit inputs from Agencies)</p>


Just hours after Tesla chief Elon Musk brought Twitter in a mega $44 billion deal, Amazon founder Jeff Bezos questioned China's influence with Tesla's electric car company running in China.

Just hours after Tesla chief Elon Musk brought Twitter in a mega $44 billion deal, Amazon founder Jeff Bezos questioned China's influence with Tesla's electric car company running in China. "Interesting question. Did the Chinese government just gain a bit of leverage over the town square?" Bezos said in a tweet after a user set details on Tesla's operations in China and the fact that the Communist government had banned Twitter. Interesting question. Did the Chinese government just gain a bit of leverage over the town square? https://t.co/jTiEnabP6T — Jeff Bezos (@JeffBezos) April 25, 2022 × The Amazon boss then added: "My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter," adding, "But we'll see. Musk is extremely good at navigating this kind of complexity." My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter. — Jeff Bezos (@JeffBezos) April 26, 2022 × Watch: Twitter accepts Elon Musk's buyout deal Musk's bid to takeover Twitter was hampered by a hostile takeover threat as the Tesla chief sought to win over investors. Musk had earlier bought nine per cent stake in Twitter but then sought to buy the social medial giant even as the Twitter board said it would adopt a "poison pill" approach to thwart Musk's plan. Also Read: White House says concerned over 'power of large social media platforms' However, Musk won the fight as he informed that he had put together a mammoth $46.5 billion as the Twitter board accepted the offer. (Wit inputs from Agencies)

Elon Musk-Twitter deal: Did Chinese government just gain a bit of leverage? Bezos trolls Musk

<p>Ahead of Elon Musk's Twitter deal, the Twitter CEO Parag Agrawal had said, "Once the deal closes, we don't know which direction the platform will go."</p>

<p>Agrawal said he would have an "opportunity to speak with Elon" once he take control of the social media giant. Agrawal had insisted there were&nbsp;no plans of laying off employees.</p>

<p><a href="https://www.wionews.com/technology/twitter-is-in-dark-about-future-under-musk-ceo-parag-agrawal-tells-employees-473866">Also Read |&nbsp;Twitter is in dark about future under Musk, says&nbsp;Parag Agrawal&nbsp;</a></p>

<p>Reports claim Agrawal&nbsp;will get an estimated $42 million if he leaves within a year of joining if there is a change in the social media company. He&nbsp;had taken over as Twitter CEO last year.</p>

<p>Agrawal&nbsp;has been a longtime employee at Twitter and had joined the company in 2011 while serving as the company's Chief Technology Officer(CTO) since 2017. He was responsible for scaling Twitter ads and ensuring audience growth.</p>

<p><strong>Watch:&nbsp;'Musk may control content for his own purpose'</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/musk-may-control-content-for-his-own-purpose-mixed-reactions-on-elon-musks-twitter-acquisition-473883/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>According to US SEC, Agrawal receives an annual salary of $1,000,000 including perks and bonuses and is part of the company's executive bonus plan and reportedly has target bonus of 150 per cent of his annual base salary. &nbsp;&nbsp;</p>

<p>The Twitter board has also granted Agrawal stock options "with a grant date face value of $12,500,000", according to the US regulatory.</p>

<p>There is however no official comment on Agrawal's role as Musk takes control over the social media giant.</p>

<p>Just after the takeover by Musk, Agrawal&nbsp;took to Twitter saying: "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."</p>

<div class="ui-state-default" contenteditable="false">
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<p dir="ltr" lang="en">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. <a href="https://t.co/5iNTtJoEHf">https://t.co/5iNTtJoEHf</a></p>
— Parag Agrawal (@paraga) <a href="https://twitter.com/paraga/status/1518664847768006656?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p>Was it a farewell note?&nbsp;</p>

<p>(With inputs from Agencies)</p>


Ahead of Elon Musk's Twitter deal, the Twitter CEO Parag Agrawal had said, "Once the deal closes, we don't know which direction the platform will go." Agrawal said he would have an "opportunity to speak with Elon" once he take control of the social media giant.

Ahead of Elon Musk's Twitter deal, the Twitter CEO Parag Agrawal had said, "Once the deal closes, we don't know which direction the platform will go." Agrawal said he would have an "opportunity to speak with Elon" once he take control of the social media giant. Agrawal had insisted there were no plans of laying off employees. Also Read | Twitter is in dark about future under Musk, says Parag Agrawal Reports claim Agrawal will get an estimated $42 million if he leaves within a year of joining if there is a change in the social media company. He had taken over as Twitter CEO last year. Agrawal has been a longtime employee at Twitter and had joined the company in 2011 while serving as the company's Chief Technology Officer(CTO) since 2017. He was responsible for scaling Twitter ads and ensuring audience growth. Watch: 'Musk may control content for his own purpose' According to US SEC, Agrawal receives an annual salary of $1,000,000 including perks and bonuses and is part of the company's executive bonus plan and reportedly has target bonus of 150 per cent of his annual base salary. The Twitter board has also granted Agrawal stock options "with a grant date face value of $12,500,000", according to the US regulatory. There is however no official comment on Agrawal's role as Musk takes control over the social media giant. Just after the takeover by Musk, Agrawal took to Twitter saying: "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." 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. https://t.co/5iNTtJoEHf — Parag Agrawal (@paraga) April 25, 2022 × Was it a farewell note? (With inputs from Agencies)

After Elon Musk's Twitter deal, what's next for CEO Parag Agrawal?

<p>Twitter&nbsp;Inc and its advisers were not sure at first how seriously to take him.</p>

<p>Elon&nbsp;Musk's&nbsp;$54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope for smoking marijuana. Financing documents he submitted last week in support of his bid were signed on April 20, abbreviated as 4/20.</p>

<p>Such references harken back to his 2018 "funding secured" tweet stating that he was considering taking electric car maker Tesla Inc private for $420 per share. Tesla and Musk subsequently&nbsp;agreed&nbsp;to pay $20 million each to settle charges that he misled investors.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/even-after-elon-musks-twitter-takeover-donald-trump-is-going-to-stay-on-truth-473932">Even after Elon Musk's Twitter takeover, Donald Trump is going 'to stay on Truth'</a></strong></p>

<p>Musk said he rounded the price up to $420 because he had recently learned about the number's significance in marijuana culture and thought his girlfriend would find it funny, "which admittedly is not a great reason to pick a price," according to a US Securities and Exchange Commission complaint filed at the time.</p>

<p>Discussions with&nbsp;Twitter&nbsp;turned serious, however, when the San Francisco-based company's advisers, including bankers at Goldman Sachs Group Inc, JPMorgan Chase &amp; Co and Allen &amp; Co, started poring through&nbsp;Musk's&nbsp;financing documents in support of his $44&nbsp;billion&nbsp;bid on April 21.</p>

<p>Many of the biggest Wall Street banks, led by Morgan Stanley, Bank of America Corp and Barclays Plc, committed to providing $25.5&nbsp;billion&nbsp;in debt, some of it secured against&nbsp;Twitter&nbsp;and some of it tied to&nbsp;Musk's&nbsp;Tesla stock. Musk himself committed another $21&nbsp;billion&nbsp;in cash.</p>

<p>Twitter's board, which was still reviewing&nbsp;Musk's&nbsp;bid after he had presented it with little detail a week earlier, went into overdrive. It rushed to complete an analysis to assign a value on its standalone plan which Parag Agrawal, five months into his role as&nbsp;Twitter&nbsp;chief executive, was delivering on. And it asked its bankers to triple-check if there was any other bidder who could offer more than Musk.</p>

<p>This account of how&nbsp;Musk's&nbsp;deal&nbsp;for&nbsp;Twitter&nbsp;came together is based on interviews with four people familiar with the negotiations, who requested anonymity to discuss them.</p>

<p>Representatives for Musk,&nbsp;Twitter&nbsp;and the banks either declined to comment or did not respond to requests for comment.</p>

<p>Overseeing&nbsp;deal&nbsp;negotiations for&nbsp;Twitter&nbsp;was its board chairman Bret Taylor, who is also co-chief executive of Salesforce. It became clear to&nbsp;Twitter's board directors there was no white knight, as technology and media companies fretted about the potential antitrust risk, while private equity firms could not saddle the company with enough debt to juice returns, given its limited cash flow.</p>

<p><strong>Watch |&nbsp;'Musk may control content for his own purpose,' mixed reactions on Elon Musk's Twitter acquisition</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/musk-may-control-content-for-his-own-purpose-mixed-reactions-on-elon-musks-twitter-acquisition-473883/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Musk had said he did not care about the economics of the&nbsp;deal&nbsp;"at all" and was pursuing&nbsp;Twitter&nbsp;to advance free speech, disillusioned by many of its platform moderation decisions.</p>

<p>His bid was not rich by historical standards. While it came with a 38% premium to where&nbsp;Twitter&nbsp;shares were trading before April 4, when he emerged as a&nbsp;Twitter&nbsp;shareholder, the stock had traded higher than his offer for most of last year.</p>

<p>Twitter's bankers projected, however, that even if the company did as well as last year, investors would value it less, because the advertising market in the social media world had become more price-competitive. The board did not believe Agrawal could bring the stock back to $54.20 anytime soon.</p>

<p>That view was shared by many&nbsp;Twitter&nbsp;shareholders, including big active mutual funds, who reached out to&nbsp;Twitter&nbsp;after Musk showed he had financing for his offer. These shareholders asked the company not to let the opportunity for a&nbsp;deal&nbsp;slip away.</p>

<p>If&nbsp;Twitter&nbsp;ignored Musk, some of the investors threatened to side with him in a tender offer that he had said he was exploring. A poison pill that&nbsp;Twitter&nbsp;had adopted would protect the company&nbsp;from&nbsp;a takeover, but it would not spare it&nbsp;from&nbsp;publicly losing the support of its shareholders.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/after-musks-twitter-deal-whats-next-for-ceo-parag-agrawal-473891">After Musk's Twitter deal, what's next for CEO Parag Agrawal?</a></strong></p>

<p><strong>Bleak backdrop</strong></p>

<p>The stars aligned for Musk in more ways. Technology stocks plunged for most of April amid concerns over inflation and an economic slowdown - a bleak backdrop for&nbsp;Twitter.</p>

<p>Musk also had some allies on&nbsp;Twitter's board. Egon Durban, the co-head of private equity firm Silver Lake who partnered with Musk on his abandoned bid for Tesla, serves on&nbsp;Twitter's board. Jack Dorsey, another board director and the company's former CEO, shares&nbsp;Musk's&nbsp;passion for cryptocurrencies and has often exchanged compliments with him online.</p>

<p>"Elon is the singular solution I trust. I trust his mission to extend the light of consciousness," Dorsey tweeted on Monday, adding that taking&nbsp;Twitter&nbsp;"back&nbsp;from&nbsp;Wall Street is the correct first step."</p>

<p>Twitter's advisers met with Musk on Sunday and tried to convince him to raise his offer, but he stuck to his position that the $54.20-per-share offer was his "best and final".</p>

<p>As a small concession, Musk&nbsp;agreed&nbsp;to offer&nbsp;Twitter&nbsp;a chunky break-up fee in the event he changed his mind and walked away. The exact fee is expected to be disclosed in regulatory filings on Tuesday.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/elon-musk-buys-twitter-here-are-other-biggest-ever-tech-acquisitions-so-far-473886">Elon Musk buys Twitter, here are other biggest-ever tech acquisitions so far</a></strong></p>

<p>In the small hours of Monday, the two sides&nbsp;agreed&nbsp;to a&nbsp;deal, and&nbsp;Twitter's board met to approve it later in the day.&nbsp;Twitter&nbsp;shares, which had ended trading at $45.08 the day that Musk unveiled his bid, closed at $51.70, only a small discount to the&nbsp;deal&nbsp;price.</p>

<p>Four years after walking away&nbsp;from&nbsp;a $72&nbsp;billion&nbsp;acquisition of Tesla he once contemplated, the world's richest person now has a mega&nbsp;deal&nbsp;to brag about.</p>

<p>"I hope that even my worst critics remain on&nbsp;Twitter, because that is what free speech means," Musk tweeted on Monday.</p>


Twitter Inc and its advisers were not sure at first how seriously to take him. Elon Musk's $54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope for smoking marijuana.

Twitter Inc and its advisers were not sure at first how seriously to take him. Elon Musk's $54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope for smoking marijuana. Financing documents he submitted last week in support of his bid were signed on April 20, abbreviated as 4/20. Such references harken back to his 2018 "funding secured" tweet stating that he was considering taking electric car maker Tesla Inc private for $420 per share. Tesla and Musk subsequently agreed to pay $20 million each to settle charges that he misled investors. Also read | Even after Elon Musk's Twitter takeover, Donald Trump is going 'to stay on Truth' Musk said he rounded the price up to $420 because he had recently learned about the number's significance in marijuana culture and thought his girlfriend would find it funny, "which admittedly is not a great reason to pick a price," according to a US Securities and Exchange Commission complaint filed at the time. Discussions with Twitter turned serious, however, when the San Francisco-based company's advisers, including bankers at Goldman Sachs Group Inc, JPMorgan Chase & Co and Allen & Co, started poring through Musk's financing documents in support of his $44 billion bid on April 21. Many of the biggest Wall Street banks, led by Morgan Stanley, Bank of America Corp and Barclays Plc, committed to providing $25.5 billion in debt, some of it secured against Twitter and some of it tied to Musk's Tesla stock. Musk himself committed another $21 billion in cash. Twitter's board, which was still reviewing Musk's bid after he had presented it with little detail a week earlier, went into overdrive. It rushed to complete an analysis to assign a value on its standalone plan which Parag Agrawal, five months into his role as Twitter chief executive, was delivering on. And it asked its bankers to triple-check if there was any other bidder who could offer more than Musk. This account of how Musk's deal for Twitter came together is based on interviews with four people familiar with the negotiations, who requested anonymity to discuss them. Representatives for Musk, Twitter and the banks either declined to comment or did not respond to requests for comment. Overseeing deal negotiations for Twitter was its board chairman Bret Taylor, who is also co-chief executive of Salesforce. It became clear to Twitter's board directors there was no white knight, as technology and media companies fretted about the potential antitrust risk, while private equity firms could not saddle the company with enough debt to juice returns, given its limited cash flow. Watch | 'Musk may control content for his own purpose,' mixed reactions on Elon Musk's Twitter acquisition Musk had said he did not care about the economics of the deal "at all" and was pursuing Twitter to advance free speech, disillusioned by many of its platform moderation decisions. His bid was not rich by historical standards. While it came with a 38% premium to where Twitter shares were trading before April 4, when he emerged as a Twitter shareholder, the stock had traded higher than his offer for most of last year. Twitter's bankers projected, however, that even if the company did as well as last year, investors would value it less, because the advertising market in the social media world had become more price-competitive. The board did not believe Agrawal could bring the stock back to $54.20 anytime soon. That view was shared by many Twitter shareholders, including big active mutual funds, who reached out to Twitter after Musk showed he had financing for his offer. These shareholders asked the company not to let the opportunity for a deal slip away. If Twitter ignored Musk, some of the investors threatened to side with him in a tender offer that he had said he was exploring. A poison pill that Twitter had adopted would protect the company from a takeover, but it would not spare it from publicly losing the support of its shareholders. Also read | After Musk's Twitter deal, what's next for CEO Parag Agrawal? Bleak backdrop The stars aligned for Musk in more ways. Technology stocks plunged for most of April amid concerns over inflation and an economic slowdown - a bleak backdrop for Twitter. Musk also had some allies on Twitter's board. Egon Durban, the co-head of private equity firm Silver Lake who partnered with Musk on his abandoned bid for Tesla, serves on Twitter's board. Jack Dorsey, another board director and the company's former CEO, shares Musk's passion for cryptocurrencies and has often exchanged compliments with him online. "Elon is the singular solution I trust. I trust his mission to extend the light of consciousness," Dorsey tweeted on Monday, adding that taking Twitter "back from Wall Street is the correct first step." Twitter's advisers met with Musk on Sunday and tried to convince him to raise his offer, but he stuck to his position that the $54.20-per-share offer was his "best and final". As a small concession, Musk agreed to offer Twitter a chunky break-up fee in the event he changed his mind and walked away. The exact fee is expected to be disclosed in regulatory filings on Tuesday. Also read | Elon Musk buys Twitter, here are other biggest-ever tech acquisitions so far In the small hours of Monday, the two sides agreed to a deal, and Twitter's board met to approve it later in the day. Twitter shares, which had ended trading at $45.08 the day that Musk unveiled his bid, closed at $51.70, only a small discount to the deal price. Four years after walking away from a $72 billion acquisition of Tesla he once contemplated, the world's richest person now has a mega deal to brag about. "I hope that even my worst critics remain on Twitter, because that is what free speech means," Musk tweeted on Monday.

From weed joke to agreed deal: Inside Musk's $44 billion Twitter buyout

The world's richest man Elon Musk has managed to strike a deal with the American micro-blogging site Twitter. The Tesla CEO will now be buying twitter for $44 billion, an all-cash deal. Now, deal subject to a shareholder vote.

Elon Musk's deal to takeover Twitter subject to a shareholder vote

Elon Musk buys Twitter, here are other biggest-ever tech acquisitions so far

<p>Elon Musk's feud with Twitter is expected to come to an end soon, according to Bloomberg News, which reports that Twitter is close to reaching an agreement with Elon Musk on his bid to buy the social media giant.</p>

<p>According to the sources, the social media company is working on transaction conditions and might strike a deal as early as Monday if talks go well.</p>

<p>Many of the social media company's stockholders had been wooed by Musk's $43 billion buyout bid, which included financing information.</p>

<p>In filings filed with US securities regulators last week, he stated that the funds would come from Morgan Stanley and other banks, with some of them secured by his large interest in the electric vehicle manufacturer.</p>

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<h5>The price of Twitter's stock has risen by 5.3 percent as a deal for Musk's purchase of the company appears to be imminent.</h5>
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<p>The company's willingness to work with Musk does not imply that it will accept his $54.20 per share offer.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains: The Elon Musk controversy and the current top shareholders of Twitter</a></strong></p>

<p>However, it indicates that Twitter is currently looking at the possibility of selling the firm to Musk on favourable terms.</p>

<p>Musk, the CEO of Tesla, has been meeting with Twitter shareholders in recent days to seek backing for his takeover proposal.</p>

<p>He believes that in order for Twitter to thrive and become a true forum for free speech, it needs to be taken private.</p>

<p>Following Musk's presentation of a detailed financial plan for his bid, several Twitter shareholders contacted the company, urging it not to miss out on the opportunity.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/stung-by-the-poison-pill-elon-musk-takes-a-dig-at-twitter-boards-salaries-472114">Stung by the 'poison' pill, Elon Musk takes a dig at Twitter board's salaries</a></strong></p>

<p>Musk has stated that he wants to buy Twitter because he believes it is not living up to its potential as a free expression medium.</p>

<p>He has recommended a number of reforms to the firm in recent weeks, ranging from loosening content restrictions — such as the ones that suspended former President Donald Trump's account — to resolving the platform's issues with phoney and automated accounts.</p>

<p>According to Forbes, Musk is the world's wealthiest individual, with a worth of almost $279 billion.</p>

<p>However, much of his wealth is invested in Tesla shares — he owns approximately 17% of the company, which is valued at over $1 trillion, according to FactSet — and SpaceX, his privately held space enterprise.</p>

<p>It's unclear how much money Musk possesses.</p>

<p><strong>Watch |&nbsp;Elon Musk triggers another row, now it is Elon Musk versus Bill Gates</strong></p>

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Elon Musk's feud with Twitter is expected to come to an end soon, according to Bloomberg News, which reports that Twitter is close to reaching an agreement with Elon Musk on his bid to buy the social media giant.

Elon Musk's feud with Twitter is expected to come to an end soon, according to Bloomberg News, which reports that Twitter is close to reaching an agreement with Elon Musk on his bid to buy the social media giant. According to the sources, the social media company is working on transaction conditions and might strike a deal as early as Monday if talks go well. Many of the social media company's stockholders had been wooed by Musk's $43 billion buyout bid, which included financing information. In filings filed with US securities regulators last week, he stated that the funds would come from Morgan Stanley and other banks, with some of them secured by his large interest in the electric vehicle manufacturer. The price of Twitter's stock has risen by 5.3 percent as a deal for Musk's purchase of the company appears to be imminent. × The company's willingness to work with Musk does not imply that it will accept his $54.20 per share offer. Also read | WION explains: The Elon Musk controversy and the current top shareholders of Twitter However, it indicates that Twitter is currently looking at the possibility of selling the firm to Musk on favourable terms. Musk, the CEO of Tesla, has been meeting with Twitter shareholders in recent days to seek backing for his takeover proposal. He believes that in order for Twitter to thrive and become a true forum for free speech, it needs to be taken private. Following Musk's presentation of a detailed financial plan for his bid, several Twitter shareholders contacted the company, urging it not to miss out on the opportunity. Also read | Stung by the 'poison' pill, Elon Musk takes a dig at Twitter board's salaries Musk has stated that he wants to buy Twitter because he believes it is not living up to its potential as a free expression medium. He has recommended a number of reforms to the firm in recent weeks, ranging from loosening content restrictions — such as the ones that suspended former President Donald Trump's account — to resolving the platform's issues with phoney and automated accounts. According to Forbes, Musk is the world's wealthiest individual, with a worth of almost $279 billion. However, much of his wealth is invested in Tesla shares — he owns approximately 17% of the company, which is valued at over $1 trillion, according to FactSet — and SpaceX, his privately held space enterprise. It's unclear how much money Musk possesses. Watch | Elon Musk triggers another row, now it is Elon Musk versus Bill Gates

Deal for Elon Musk's bid to buy Twitter might happen today: Report

Tesla CEO Elon Musk wooed many of the social media company shareholders with financing details on his 43 billion dollar acquisition offer for Twitter. According to reports, Twitter has kicked off deal negotiations with Elon Musk.

Twitter begin deal talks with Elon Musk

<p>Twitter&nbsp;on Friday banned ads that deny the reality of climate change.</p>

<p>Twitter's announcement on &nbsp;Earth Day came as it tries to fend off an unwanted takeover bid by billionaire Elon Musk, who has said he thinks people should be able to say pretty much whatever they want on the platform.</p>

<p>"Misleading advertisements on&nbsp;Twitter&nbsp;that contradict the scientific consensus on climate change are prohibited, in line with our&nbsp;inappropriate content policy,"&nbsp;Twitter&nbsp;global sustainability manager Casey Junod said in a blog post.</p>

<p>"We believe that climate denialism shouldn’t be monetized on&nbsp;Twitter, and those misrepresentative ads shouldn’t detract from important conversations about the climate crisis."</p>

<p>Twitter&nbsp;last year introduced a Topic feature to help users find conversations about climate change and rolled out hubs of "credible, authoritative" information on an array of high-profile topics including the science backing climate change.</p>

<p>"We recognize that misleading information about climate change can undermine efforts to protect the planet," Junod said.</p>

<p>"Now more than ever, meaningful climate action, from all of us, is critical."</p>

<p>As tempting as access to Musk's wealth may be,&nbsp;Twitter&nbsp;is not eager to be ruled by a billionaire known for shooting from the hip with little regard for the consequences.</p>

<p>The global one-to-many messaging platform is moving to prevent Musk from getting his hands on all of&nbsp;Twitter's outstanding shares, signalling that worries about where he would lead the company to outweigh the proffered payoff.</p>

<p>Earlier this month Musk, the world's richest person and a controversial and frequent user of&nbsp;Twitter&nbsp;himself, made an unsolicited bid of $43 billion for the social media network, citing better freedom of speech as a motivation.&nbsp;</p>

<p>Musk advocates a hands-off approach to policing content, a thorny matter, particularly in high-profile cases such as that of former US President Donald Trump, who was banned after the assault on the Capitol by his supporters as they sought to overturn the US election result last year.</p>

<p>But the polarizing Tesla CEO's campaign has also sparked concern among technology and free-speech experts who point to Musk's unpredictable statements and history of bullying critics, which contradict his stated aims.</p>

<p>Twitter's board opted to employ a "poison pill" defence, under which any acquisition of over 15 per cent of the firm's stock without its OK would trigger a plan to flood the market with shares and thus make a buyout much harder.&nbsp;</p>


Twitter on Friday banned ads that deny the reality of climate change. Twitter's announcement on Earth Day came as it tries to fend off an unwanted takeover bid by billionaire Elon Musk, who has said he thinks people should be able to say pretty much whatever they want on the platform.

Twitter on Friday banned ads that deny the reality of climate change. Twitter's announcement on Earth Day came as it tries to fend off an unwanted takeover bid by billionaire Elon Musk, who has said he thinks people should be able to say pretty much whatever they want on the platform. "Misleading advertisements on Twitter that contradict the scientific consensus on climate change are prohibited, in line with our inappropriate content policy," Twitter global sustainability manager Casey Junod said in a blog post. "We believe that climate denialism shouldn’t be monetized on Twitter, and those misrepresentative ads shouldn’t detract from important conversations about the climate crisis." Twitter last year introduced a Topic feature to help users find conversations about climate change and rolled out hubs of "credible, authoritative" information on an array of high-profile topics including the science backing climate change. "We recognize that misleading information about climate change can undermine efforts to protect the planet," Junod said. "Now more than ever, meaningful climate action, from all of us, is critical." As tempting as access to Musk's wealth may be, Twitter is not eager to be ruled by a billionaire known for shooting from the hip with little regard for the consequences. The global one-to-many messaging platform is moving to prevent Musk from getting his hands on all of Twitter's outstanding shares, signalling that worries about where he would lead the company to outweigh the proffered payoff. Earlier this month Musk, the world's richest person and a controversial and frequent user of Twitter himself, made an unsolicited bid of $43 billion for the social media network, citing better freedom of speech as a motivation. Musk advocates a hands-off approach to policing content, a thorny matter, particularly in high-profile cases such as that of former US President Donald Trump, who was banned after the assault on the Capitol by his supporters as they sought to overturn the US election result last year. But the polarizing Tesla CEO's campaign has also sparked concern among technology and free-speech experts who point to Musk's unpredictable statements and history of bullying critics, which contradict his stated aims. Twitter's board opted to employ a "poison pill" defence, under which any acquisition of over 15 per cent of the firm's stock without its OK would trigger a plan to flood the market with shares and thus make a buyout much harder.

Twitter bans 'misleading' climate change ads

<p>Elon Musk has urged his "worst critics" to stay on Twitter as the platform's board of directors prepares to accept the Tesla founder's $43 billion cash bid.</p>

<p>Musk took to Twitter amid reports he could become its owner as early as Monday, and wrote, "I hope that even my worst critics remain on Twitter, because that is what free speech means."</p>

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<p dir="ltr" lang="en">I hope that even my worst critics remain on Twitter, because that is what free speech means</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1518623997054918657?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p>The entrepreneur has made free speech a core issue in his attempted takeover of Twitter, prompting detractors to speculate that he could reinstate banned right-wing figures like Donald Trump and Marjorie Taylor Greene.</p>

<p><strong>Watch |&nbsp;Elon Musk triggers another row, now it is Elon Musk versus Bill Gates</strong></p>

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<p>According to reports, Twitter &nbsp;will be accepting Elon Musk's $43 billion cash offer to purchase the company. The Tesla and SpaceX Founder and CEO had earlier called the offer, also valued at $54.20 per share, his "best and final" in the offering document.</p>

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Elon Musk has urged his "worst critics" to stay on Twitter as the platform's board of directors prepares to accept the Tesla founder's $43 billion cash bid. Musk took to Twitter amid reports he could become its owner as early as Monday, and wrote, "I hope that even my worst critics remain on Twitter, because that is what free speech means.

Elon Musk has urged his "worst critics" to stay on Twitter as the platform's board of directors prepares to accept the Tesla founder's $43 billion cash bid. Musk took to Twitter amid reports he could become its owner as early as Monday, and wrote, "I hope that even my worst critics remain on Twitter, because that is what free speech means." I hope that even my worst critics remain on Twitter, because that is what free speech means — Elon Musk (@elonmusk) April 25, 2022 × The entrepreneur has made free speech a core issue in his attempted takeover of Twitter, prompting detractors to speculate that he could reinstate banned right-wing figures like Donald Trump and Marjorie Taylor Greene. Watch | Elon Musk triggers another row, now it is Elon Musk versus Bill Gates According to reports, Twitter will be accepting Elon Musk's $43 billion cash offer to purchase the company. The Tesla and SpaceX Founder and CEO had earlier called the offer, also valued at $54.20 per share, his "best and final" in the offering document.

'That is what free speech means': Elon Musk's appeal to 'worst critics' as he nears deal with Twitter

<p>If reports are to be believed Twitter is now reconsidering Elon Musk’s buyout proposal.</p>

<p>This comes as a shock after the social media giant’s board resorted to the “poison pill” approach to negate Musk’s attempts at a takeover.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains: The Elon Musk controversy and the current top shareholders of Twitter</a></strong></p>

<p>As per a report by the Wall Street Journal, the discussions between Twitter and Musk are ongoing and follow a meeting between the Tesla CEO and shareholders of the company.</p>

<p>"The potential turnabout on Twitter’s part comes after Mr. Musk met privately Friday with several shareholders of the company," the business daily reported, citing sources familiar with the matter.</p>

<p>According to the Journal, Musk has also promised to address the free-speech issues that he claims affect “the platform and the country more broadly, whether his bid succeeds or not".</p>

<p><strong>Watch |&nbsp;Elon Musk triggers another row, now it is Elon Musk versus Bill Gates</strong></p>

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<p>Musk "made his pitch to select shareholders in a series of video calls, with a focus on actively managed funds... in hopes that they could sway the company’s decision", reported Wall Street Journal.</p>

<p>The report states that not only is Twitter taking a fresh look at Musk’s offer, but that the company is more likely to negotiate this time around.</p>

<p>On Thursday, the billionaire announced that he has secured around $46.5 billion to finance the transaction and that he plans to make a direct appeal to shareholders.</p>

<p>As per a BBC report, he plans to back his bid with the backing of Morgan Stanley among other financial institutions.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/stung-by-the-poison-pill-elon-musk-takes-a-dig-at-twitter-boards-salaries-472114">Stung by the 'poison' pill, Elon Musk takes a dig at Twitter board's salaries</a></strong></p>

<p>The opposition of the Twitter board is now widely known, as is the “poison pill” they swallowed to make it more difficult for Musk to acquire from the market a share higher than 15 per cent.</p>

<p>However, following Musk's announcement of the fundraising proposal, a number of Twitter shareholders allegedly contacted the firm, urging it not to miss out on a potentially lucrative deal.</p>

<p><em>(With inputs from agencies)</em></p>


If reports are to be believed Twitter is now reconsidering Elon Musk’s buyout proposal. This comes as a shock after the social media giant’s board resorted to the “poison pill” approach to negate Musk’s attempts at a takeover.

If reports are to be believed Twitter is now reconsidering Elon Musk’s buyout proposal. This comes as a shock after the social media giant’s board resorted to the “poison pill” approach to negate Musk’s attempts at a takeover. Also read | WION explains: The Elon Musk controversy and the current top shareholders of Twitter As per a report by the Wall Street Journal, the discussions between Twitter and Musk are ongoing and follow a meeting between the Tesla CEO and shareholders of the company. "The potential turnabout on Twitter’s part comes after Mr. Musk met privately Friday with several shareholders of the company," the business daily reported, citing sources familiar with the matter. According to the Journal, Musk has also promised to address the free-speech issues that he claims affect “the platform and the country more broadly, whether his bid succeeds or not". Watch | Elon Musk triggers another row, now it is Elon Musk versus Bill Gates Musk "made his pitch to select shareholders in a series of video calls, with a focus on actively managed funds... in hopes that they could sway the company’s decision", reported Wall Street Journal. The report states that not only is Twitter taking a fresh look at Musk’s offer, but that the company is more likely to negotiate this time around. On Thursday, the billionaire announced that he has secured around $46.5 billion to finance the transaction and that he plans to make a direct appeal to shareholders. As per a BBC report, he plans to back his bid with the backing of Morgan Stanley among other financial institutions. Also read | Stung by the 'poison' pill, Elon Musk takes a dig at Twitter board's salaries The opposition of the Twitter board is now widely known, as is the “poison pill” they swallowed to make it more difficult for Musk to acquire from the market a share higher than 15 per cent. However, following Musk's announcement of the fundraising proposal, a number of Twitter shareholders allegedly contacted the firm, urging it not to miss out on a potentially lucrative deal. (With inputs from agencies)

Under pressure from shareholders, Twitter to reconsider Musk's buyout offer

The Twitter saga: From Jack Dorsey's first tweet to $43bn bid by Elon Musk

<p>Billionaire Elon Musk is a very hopeful person. Well, he certainly seems to be. &nbsp;&nbsp;</p>

<p>After his offer to buy Twitter was brutally turned down by the board, the Tesla CEO is saying that if the bid succeeds, he will make concerted efforts to defeat the spam bots or perish in the endeavour. &nbsp;&nbsp;</p>

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<p dir="ltr" lang="en">If our twitter bid succeeds, we will defeat the spam bots or die trying!</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1517215066550116354?ref_src=twsrc%5Etfw">April 21, 2022</a></blockquote>
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<p>In a tweet, Musk said, “If our twitter bid succeeds, we will defeat the spam bots or die trying!” &nbsp;&nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/elon-musk-announces-to-roll-out-robotaxi-with-no-wheels-or-pedals-by-2024-472851" hreflang="en">Elon Musk announces to roll out robotaxi with no wheels or pedals by 2024</a></strong></p>

<p>This comes as Twitter moved to defend itself against the hostile takeover bid of the billionaire last week. &nbsp;</p>

<p>The firm had announced the plan to let shareholders purchase additional stock, which is also called 'poison pill' protocol. &nbsp;</p>

<p>Musk’s relationship with this social media platform is quite long. After holding numerous polls on it, the Tesla CEO had recently suggested a raft of changes for the platform. He was also going to join its board of directors but later abandoned the plan. Elon Musk was also reportedly sued by the shareholders of Twitter. &nbsp;</p>

<p>However, Twitter bots have been a major concern for years. The number of automated bot accounts have been growing in the recent past. &nbsp;&nbsp;</p>

<p><strong>Watch:&nbsp;Billionaire Elon Musk has lined up $46.5 billion to buy Twitter</strong></p>

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<p>Although Twitter has banned thousands of these bots, their number keeps growing.&nbsp; &nbsp;</p>

<p>Wondering what are these automated bot accounts? Well, these accounts can actually interact with users, follow them, tweet content, or retweet content with a specific hashtag. As per an estimate,&nbsp;over 15% accounts on Twitter are these bot accounts.</p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-a-brief-history-of-amber-heard-elon-musk-romance-473065" hreflang="en">A brief history of Amber Heard-Elon Musk romance&nbsp;&nbsp;</a></strong></p>

<p>In an investigation, it was also found that the company had a stock of over 3.5 million Twitter bots. As per records, the company also sold its customers over 200 million automated Twitter accounts to push the number of followers. &nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


Billionaire Elon Musk is a very hopeful person. Well, he certainly seems to be. After his offer to buy Twitter was brutally turned down by the board, the Tesla CEO is saying that if the bid succeeds, he will make concerted efforts to defeat the spam bots or perish in the endeavour.

Billionaire Elon Musk is a very hopeful person. Well, he certainly seems to be. After his offer to buy Twitter was brutally turned down by the board, the Tesla CEO is saying that if the bid succeeds, he will make concerted efforts to defeat the spam bots or perish in the endeavour. If our twitter bid succeeds, we will defeat the spam bots or die trying! — Elon Musk (@elonmusk) April 21, 2022 × In a tweet, Musk said, “If our twitter bid succeeds, we will defeat the spam bots or die trying!” Also Read: Elon Musk announces to roll out robotaxi with no wheels or pedals by 2024 This comes as Twitter moved to defend itself against the hostile takeover bid of the billionaire last week. The firm had announced the plan to let shareholders purchase additional stock, which is also called 'poison pill' protocol. Musk’s relationship with this social media platform is quite long. After holding numerous polls on it, the Tesla CEO had recently suggested a raft of changes for the platform. He was also going to join its board of directors but later abandoned the plan. Elon Musk was also reportedly sued by the shareholders of Twitter. However, Twitter bots have been a major concern for years. The number of automated bot accounts have been growing in the recent past. Watch: Billionaire Elon Musk has lined up $46.5 billion to buy Twitter × Although Twitter has banned thousands of these bots, their number keeps growing. Wondering what are these automated bot accounts? Well, these accounts can actually interact with users, follow them, tweet content, or retweet content with a specific hashtag. As per an estimate, over 15% accounts on Twitter are these bot accounts. Also read: A brief history of Amber Heard-Elon Musk romance In an investigation, it was also found that the company had a stock of over 3.5 million Twitter bots. As per records, the company also sold its customers over 200 million automated Twitter accounts to push the number of followers. (With inputs from agencies)

Even after 'poison pill' tactic, Elon Musk hopes to take over Twitter, says will try to defeat spam bots

Netflix lost subscribers for the first time in 10 years. Its shares tanked by more than 30 per cent! Billionaire Elon Musk thinks he knows the reason behind this. "The woke mind virus is making Netflix unwatchable," Musk tweeted. Ok, so wokeness may be one cause for Netflix fall. But what are the other factors?

Musk blames wokeness for Netflix slide, but what are the other factors?

<p>18 House Republicans on Friday (April 22) sent a letter to the board members of Twitter to preserve all records about Elon Musk's offer to buy the company.</p>

<p>According to a report by CNBC, the letter was led by the United States representative for Ohio, Jim Jordan.</p>

<p>“As Congress continues to examine Big Tech and how to best protect Americans’ free speech rights, this letter serves as a formal request that you preserve all records and materials relating to Musk’s offer to purchase Twitter, including Twitter’s consideration and response to this offer, and Twitter’s evaluation of its shareholder interests with respect to Musk’s offer,” the letter stated.</p>

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<p>“You should construe this preservation notice as an instruction to take all reasonable steps to prevent the destruction or alteration, whether intentionally or negligently, of all documents, communications, and other information, including electronic information and metadata, that is or may be potentially responsive to this congressional inquiry,” said the letter.</p>

<p>Tesla CEO Elon Musk has raised $46.5 billion in debt and equity financing to buy Twitter Inc.</p>

<p>The South African billionaire has already presented a "best and final" cash offer of $43 billion to Twitter's board of directors.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/even-after-poison-pill-tactic-billionaire-elon-musk-hopes-to-take-over-twitter-says-will-defeat-spam-bots-472953" hreflang="en">Even after 'poison pill' tactic, Elon Musk hopes to take over Twitter, says will try to defeat spam bots</a></strong></p>

<p>In response, a Twitter representative said, "As previously announced and communicated to Mr. Musk directly, the board is committed to conducting a careful, comprehensive, and deliberate review to determine the course of action that it believes is in the best interest of the company and all Twitter stockholders."&nbsp;</p>

<p>Musk, who is the world's richest man, has described himself as a “free speech absolutist.” He believes Twitter is not living up to free speech principles.</p>

<p>His opinion is shared by former US President Donald Trump and several right-wing political figures who have accused Twitter of unfairly removing or moderating posts on ideological grounds.</p>

<p>Twitter had banned Trump for inciting riots and violence at the US Capitol and posting material that violated its privacy policy.</p>

<p>Political analysts have predicted that if Republicans retake control of the House of Representatives in the November elections, they will open a formal investigation against Twitter. It can also potentially subpoena records from Tesla.<br />
&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>


18 House Republicans on Friday (April 22) sent a letter to the board members of Twitter to preserve all records about Elon Musk's offer to buy the company. According to a report by CNBC, the letter was led by the United States representative for Ohio, Jim Jordan.

18 House Republicans on Friday (April 22) sent a letter to the board members of Twitter to preserve all records about Elon Musk's offer to buy the company. According to a report by CNBC, the letter was led by the United States representative for Ohio, Jim Jordan. “As Congress continues to examine Big Tech and how to best protect Americans’ free speech rights, this letter serves as a formal request that you preserve all records and materials relating to Musk’s offer to purchase Twitter, including Twitter’s consideration and response to this offer, and Twitter’s evaluation of its shareholder interests with respect to Musk’s offer,” the letter stated. “You should construe this preservation notice as an instruction to take all reasonable steps to prevent the destruction or alteration, whether intentionally or negligently, of all documents, communications, and other information, including electronic information and metadata, that is or may be potentially responsive to this congressional inquiry,” said the letter. Tesla CEO Elon Musk has raised $46.5 billion in debt and equity financing to buy Twitter Inc. The South African billionaire has already presented a "best and final" cash offer of $43 billion to Twitter's board of directors. Also read | Even after 'poison pill' tactic, Elon Musk hopes to take over Twitter, says will try to defeat spam bots In response, a Twitter representative said, "As previously announced and communicated to Mr. Musk directly, the board is committed to conducting a careful, comprehensive, and deliberate review to determine the course of action that it believes is in the best interest of the company and all Twitter stockholders." Musk, who is the world's richest man, has described himself as a “free speech absolutist.” He believes Twitter is not living up to free speech principles. His opinion is shared by former US President Donald Trump and several right-wing political figures who have accused Twitter of unfairly removing or moderating posts on ideological grounds. Twitter had banned Trump for inciting riots and violence at the US Capitol and posting material that violated its privacy policy. Political analysts have predicted that if Republicans retake control of the House of Representatives in the November elections, they will open a formal investigation against Twitter. It can also potentially subpoena records from Tesla. (With inputs from agencies)

House Republicans send letter to Twitter's board members to preserve all records about Musk's offer

The world's richest man has double down on his quest to acquire Twitter after the social media giant tried to adopt poison pill approach. Musk has lined up funds for a hostile takeover here's a report.

Billionaire Elon Musk has lined up $46.5 billion to buy Twitter

As billionaire Elon Musk offered a bid to buy Twitter, the microblogging site said it would implement poison pill. The strategy may effectively make it difficult for Musk to buy Twitter. But what exactly is going on and what is poison pill?

Elon Musk, Twitter & poison pill: What’s cooking?

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