Two days after buying Twitter for $44 billion, Elon Musk stuns Twitter with a new move What’s Elon Musk’s New Move as 0: Owning Twitter and How It Affects You Tesla Billionaire Elon Musk After buying 100 stake in Twitter, he has landed on the ground.
He has begun making changes to his promise before buying the social media company after nearly two weeks of speculation. Uncertainly, the Twitter board agreed to Elon Musk’s proposal to take the social media site private, but a settlement was reached after lengthy negotiations.
Which was done after much bargaining during the weekend of April 24 and 25, with the Tesla CEO agreeing to add 1 billion. Its initial offer of $43 billion had a $44 billion settlement, as revealed via a tweet by then-Twitter Board Chairman Brett Taylor.
In which it was written that the Twitter board has reached an agreement with Elon Musk, Musk also confirmed the purchase in a tweet that I hope even my worst critics stay on Twitter because free speech after the purchase means Twitter’s co-founder and former CEO Jack Dorsey also weighed in on the issue, pushing for Jack Elon to take Twitter private from the very beginning.
Twitter’s co-founder attacked the board on April 15 for disappointing Elon Musk’s attempt to buy the company, the Twitter board had taken a poison pill approach. Also accused the board of taking their shares in a tweet.
In which it was written that when I was fired in 2008 and the shares were taken away most of my shares by the board, I also gave a percentage. back to the company. In 2015 the employee pool ended with very little of the company, but now Jack is a happy man,
Following the success of the Twitter acquisition, he believes his friend Elon has what it takes to fix the company’s problems. In recent times, Twitter has been facing some major financial challenges for the better part of 2022. As of now, the Twitter share price has been in the range of $33 to $38L, although things took a turn when Elon bought a 9.2 stake in the company.
The share price rose 27 on April 4 for $2.9 billion shortly after Elon Musk bought the stake, raising the share price from 38 to 47. Jack is optimistic that the Tesla billionaire has the right solution for Twitter. As seen in his tweet which reads.
In theory I don’t believe anyone should own or run Twitter, it wants to be a public good at the protocol level, not a company solving the problem of being a company, however Elon is the only solution that I trust on his mission to spread the light of consciousness you can trust that Elon has everything it takes to make Twitter great again.
As soon as the Tesla CEO took over the microblogging platform, he immediately outlined his plan and vision for the company in a statement that read that free speech is the basis of a functioning democracy and Twitter is the digital town square where humanity’s future lies. Important matters are debated. I also want to make Twitter better than ever by enhancing the product with new features that make the algorithms open source to increase trust.
Twitter has tremendous potential to defeat spam bots and authenticate all human beings. I look forward to working with the company and its community of users to unlock the new moves by tech billionaires that stunned Twitter as they Everything is about to change completely for social media platforms. As promised, Musk took a crazy step of eliminating ads on the social media platform.
To which the tech icon previously hinted at doing so when he posted a tweet that reads and contains no ads, greatly increasing the power of corporations to determine policy if Twitter is on ad money to survive. Depends, though they deleted the tweet hours after making it before the Twitter takeover ad.
About 90% of Twitter’s revenue. It’s Private Now Twitter tried to address the issue of advertising last year when they introduced the Twitter Blue service, where users who have subscribed to the service.
Elon Musk has said that Twitter Blue users should not see ads and that the cryptocurrency Dogecoin which started as a joke should be accepted as a means of payment for twitterblue subscriptions twitterblue is a premium service that costs three dollars per month.
It includes features like an undo button that allows users to revert tweets before they are published. In the latest move that has made the tech billionaire, Twitter will cut Bluez subscriptions from three dollars to two dollars a month. likely to add.
Dogecoin will be used for some value-added service Twitter Blue to get more users to sign up for Twitter Blue, the Tesla billionaire took a big step in fighting crypto scams on the social media platform for crypto fans Is.
The go-to site is unfortunately also home to some of the most famous cryptocurrency scams, which Musk himself has fallen victim to scammers who use false identities. Social media sites to masquerade as Elon Musk as a way to defraud Musk and steal Elon Musk’s personal account One of the few high-profile Twitter accounts hacked in 2020 to promote a scam Was.
Elon Musk has been a vocal supporter of digital currencies and several alternative coins, despite the fact that bitcoin and ethereum are mined. are incredibly harmful to the environment.
He was instrumental in making Tesla one of the first major automakers. Businesses to accept cryptocurrency payments however stopped Tesla payments via bitcoin and will only resume them as soon as the digital currency starts using sustainable sources of energy as a crypto enthusiast Elon Musk would ensure.
He Throws All Crypto Scammers Out of Twitter Lost without liking, however the question remains how to keep it from being misused such as revising statements after being retweeted or endorsed by others.
An easier option would be to track the revisions through the revision’s log. Similar to Facebook and Slack where people can first check the history of changes on a post, Elon Musk conducted an online survey via a tweet where Twitter users had to vote whether they wanted an edit button, His tweet reads Do you want an edit button.
More than a million people participated in the poll, with a majority of Twitter users 73.6 supporting the idea of an edit button Well, most of the users are excited about the new changes as they are meant to improve their experience on the microblogging platform.
The platform is poised to become a great competitor after the revamp. Other sites in the social media space Facebook Tik Tok and WhatsApp will be some of Twitter’s biggest competitors under Musk, helping Twitter achieve its full potential. Is not competing with competitors.