Four Years After Smoking Blunt, Elon Musk Buys Twitter

Four Years After Smoking Blunt, Elon Musk Buys Twitter
HIghtimes main

Billionaire and self-described free speech champion Elon Musk will acquire Twitter, Inc. according to an April 25 press release. The move will make Twitter private and set off a firestorm of speculation—ranging from whether or not Musk will allow Donald J. Trump to return, to the possibility of an edit button. Twitter, Inc. entered into a definitive agreement to be acquired by an entity wholly owned by Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Musk is the world’s richest person, according to Forbes and most other lists. Bloomberg estimates he has $3 billion in cash, give or take. Musk described $13 billion in bank financing secured by Twitter and the $12.5 billion backed by a pledge of Tesla stake, but it’s not clear how he’s going to come up with the remaining $21 billion to complete the transaction. The billionaire is citing the move as a victory for free speech, while others disagree on the ethics of the deal and its implications for the future of social media. “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,” said Musk. “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.” Yesss!!! pic.twitter.com/0T9HzUHuh6— Elon Musk (@elonmusk) April 25, 2022https://platform.twitter.com/widgets.js With 85.2 million followers and counting, Musk ranks number 8 in the list of the Top 10 Most Followed Twitter Accounts, trailing people like Justin Bieber and former president Barack Obama. He’s gained millions of followers just…

Excerpt only …
READ MORE BELOW
Source : Four Years After Smoking Blunt, Elon Musk Buys Twitter

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.