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Tuesday, December 06, 2022

Elon Musk says he will buy Twitter after confirming he plans to launch a new app

Elon Musk says he will buy Twitter after confirming he plans to launch a new app

Elon Musk spoke after learning about the purchase of Twitter and revealed that he is planning to launch a new application (REUTERS).

After this Tuesday’s confirmation, finally, will buy twitter On behalf of Elon Musk, the world’s richest man wrote a message on his account on the social network, where he will indicate his future plans with him.

,Buy Twitter is an accelerator for making X, the application of everything”, he wrote today and formulated a series of theories about his next move.

One user replied to the tweet saying that he thought it would have been easier to start X from scratch, to which Musk replied that “Twitter probably extends X to 3 to 5 yearsBut I could be mistaken.” This only sowed more doubts about the future of the social network.

Elon Musk'S Tweet After Twitter Purchase
Elon Musk’s Tweet After Twitter Purchase

musk is domain owner x.com, which was born in 1999 with the creation of the co-founded Online Bank. In the early 2000s, it merged with PayPal and years later, in 2017, Musk bought it back. However, the only thing that can be seen when trying to access the site today is a blank page with an “x”.

However, this wouldn’t be the first time Musk has referred to the domain as a social network. The last 9 august Another Twitter user asked him if he had any plans to create his own platform for this genre, to which he replied very directly. “X.com”,

It is believed that this will be a page less restrictions on contentwith one message encryption And, as he already commented on Twitter, it will promote Authentication of accounts to avoid bot,

What is clear at this point is that the new owner of Twitter loves the letter “x”: It exists in his space company. SpaceXin the name of his son X A-12 and in the Tesla Model X SUV,

Finally, Musk will buy Twitter

It was confirmed this Tuesday that, finally, The deal between the world’s richest man and one of the most popular social networks will close, transaction will be $44 billion, as previously agreed. This represents a value of $54.20 per share.

The advance came from a letter sent by Tesla’s CEO to the company and the US Securities Market Commission (seconds Its abbreviation in English) and takes place a few days before a trial begins, which experts say would have been counterproductive.

    There Will Be A $44,000 Million Transaction For The Purchase Of Twitter
There will be a $ 44,000 million transaction for the purchase of Twitter

Musk was about to be next October 17 before Delaware officials Following a demand made by Twitter, with which it was demanded that Tycoon proceed with the purchase. Both sides agreed to acquire the company, but later, the billionaire backed down for the transaction, arguing that it has found a substantial breach of several provisions of the Agreement, including the number of false accounts recorded by the Company.

According to Eric Tallya professor at Columbia University explained that he did not find the recent change in CEO position strange because “legally, his case was not very strong. It seemed like a typical scenario of a remorseful buyer.” , he said that if he loses the case, he will not only have to finalize the purchase, but he will have to face it. Payment of interest which will increase the price.

though still The date on which the settlement will be made is unknown, Looks like Elon Musk already has his all armed plan And a clearly outlined future for app.

read on:

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