WILL DONALD TRUMP RETURN TO TWITTER?
By: JJosephaNews
Reading Time: 1:00 mins.
Twitter: @JJosephaNews
Willemstad, Curacao. Billionaire Elon Musk reached an agreement on Monday (April 25, 2022) to buy Twitter for approximately $44 billion. This was definitely a victory for the richest man in the world to take over the giant and influential social network. Twitter agreed to sell itself to Musk for $54.20 a share, a 38 percent premium to the company's share price this month before he revealed he was the company's largest shareholder.
QUESTIONS PEOPLE ASKED ABOUT ELON MUSK AND TWITTER
Has Elon Musk bought Twitter?
The answer is; Yes, even though the firm initially rebuffed Elon Musk's bid, but it will now ask shareholders to vote to approve the deal.
How much did Elon Musk pay for Twitter?
Twitter's board has agreed to a $44bn dollar takeover offer from Elon Musk.
Why Elon Musk bought Twitter?
Mr Musk said in a statement announcing the deal; “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,”
He also stated; “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans,”
“Twitter has tremendous potential - I look forward to working with the company and the community of users to unlock it.”
How did Elon Musk get the money to buy Twitter?
Musk raised $46.5 billion to fund his Twitter acquisition, with his own assets backing two-thirds of that amount. Musk's portion includes a giant $12.5 billion margin loan secured by his equity stake in Tesla Inc. (TSLA).
Will Donald Trump return to Twitter?
Trump told Fox News that he will formally join his own startup Truth Social over the next seven days, as planned. He said; “I am not going on Twitter, I am going to stay on Truth,”
“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,”
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