7 Incredible Elon Musk Kone Products You’ll Wish You Discovered Sooner. A regulatory filing from Tuesday shows that Twitter’s board of directors has unanimously recommended that shareholders agree to Elon Musk’s $44 billion offer to buy the company. Musk is a billionaire and the CEO of Tesla.
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Musk told Twitter employees in a virtual meeting last week that he still wanted to go through with the acquisition. However, Twitter shares are still far below his offer price, which shows that there is a lot of doubt that it will happen.
In an interview with Bloomberg on Tuesday at the Qatar Economic Forum, Musk said that shareholders’ approval of the deal was one of several “unresolved matters” related to the Twitter deal.
Shares of Twitter Inc. were pretty much flat right before the opening bell on Tuesday, and they were a long way from Musk’s offer to pay $54.20 per share. The company’s stock was last at that level on April 5, before Musk made an offer to buy all of Twitter. At that time, the company gave Musk a seat on the board.
In a report to investors filed with the U.S. Securities and Exchange Commission on Tuesday, Twitter’s board of directors said, “We recommend unanimously that you vote for the adoption of the merger agreement.” If the deal went through right now, investors in the company would make $15.22 for each share they own if the deal went through.
Musk, on the other hand, gave a very negative view of the economy when he spoke at the Qatar Economic Forum in Doha. He said that a recession is “inevitable at some point” and that one is “more likely than not” to happen soon.
About the Twitter takeover elon musk kone, which is backed by more than a dozen other investors, Musk flashed a yellow light and said that his concerns about the number of fake “bot” accounts have not been resolved. “I have to watch what I say in public,” he said. “It is a bit of a touchy subject.”
If Musk decided to back out of the Twitter deal, he would have to pay a $1 billion fee, but he has already told Twitter that this is a possibility. In a filing with the SEC this morning, Twitter told its investors that if the deal doesn’t go through, “the price of our common stock could drop by a lot.”
Twitter says that less than 5 percent of its accounts are made up of bots elon musk kone, but Musk says that’s not true. “That’s probably not how most users feel,” he said at the event in Qatar, where he was there virtually.
Musk told moderator and editor-in-chief of Bloomberg News John Micklethwait that the debt part of the deal is the third problem that needs to be solved before the deal can go through. The other two problems are the bot problem and how the shareholders vote.
The way the Twitter deal is set up now, Musk would pay $33.5 billion in cash for the company, and other investors would make additional commitments of $7.1 billion. The rest of the money will come from a set of bank loans that haven’t been finalized yet.
Musk was asked about more than just the money involved in the Twitter deal. He was also asked what he thought about the kind of content that would be allowed on the platform. “My goal for Twitter or the digital town square in general would be for it to be as open as possible in the broadest sense of the word,” he said. “That looks like a good way to do things.” Eventually, he said, the goal would be to get “80 percent of North America and half the world” on Twitter. This would be a big jump from the current level of 229 million daily active users.
Musk said that if Twitter wants to reach more people, it can’t be a place where people feel uncomfortable or harassed. “There’s a big difference between freedom of speech and freedom of reach. In the U.S., you can go to Times Square and yell pretty much anything you want. People around you will be annoyed, but you can pretty much yell anything you want in a crowded public place, except “This is a robbery.”
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Musk’s idea elon musk kone for Twitter is that users would choose what kind of posts they want to see in their feed, and “offensive” posts wouldn’t show up for those who choose not to see them. He didn’t say anything about how he would decide what was offensive. Twitter has had trouble with content moderation, just like Facebook and other popular tech sites.
In 2020, it set up a way to flag tweets, but most of the time, it didn’t kick people off the platform. After the attack on the U.S. Capitol in January 2021, former president Donald Trump and others were banned from Twitter because they posted about it. Twitter said they were encouraging violence. Musk has made it clear that Trump and other people could be welcome back if the deal goes through.
Micklethwait asked Musk if elon musk kone he would vote for Trump for president in the 2024 election. “At this point, I haven’t made up my mind about that election,” Musk said. Last week, the executive said he was seriously thinking about supporting Ron DeSantis, the Republican governor of Florida whose policies are similar to Trump’s elon musk kone.