Stay updated with breaking news from Twitter Update. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Elon Musk is about to buy Twitter. Ahead of becoming the head of the microblogging site, the Tesla CEO takes a dig at Twitter once again. Musk hinted that he wants all users to enjoy “free speech” on the platform.
Elon Musk has finally bought 100 per cent stake in Twitter for approx $44 billion, around $54.20 per share, and all of it in cash.
Report suggests that Elon Musk will invest between $10 billion and $15 billion from his own pocket to buy Twitter. Last week, Musk proposed an offer to buy 100 per cent stake in Twitter for $54.20 per share in cash.
Twitter might keep all the edited versions of a tweet and instead of deleting the old one, the platform will just create an entirely new tweet.
Twitter’s board of directors has issued a new “shareholder rights plan” to block Elon Musk’s offer. This comes as a major setback to the billionaire’s efforts to take full control of Twitter.