KYIV. UkraineGate .28 . October .2022 | Society .
American billionaire and SpaceX founder Elon Musk posted a letter to advertisers on his Twitter page confirming that he had finally bought Twitter. In the letter, Musk said he wanted to have a digital platform to discuss a wide range of opinions .
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“I wanted to reach out to you personally to share my motivation in acquiring Twitter. There has been a lot of speculation about why I bought Twitter and what I think about advertising. Most of them were false. The reason I acquired Twitter is that it is important for a future civilization to have a shared digital platform where you can discuss a wide range of beliefs in a healthy manner without resorting to cruelty,” Musk said.
In addition, he added that it would not be possible to publish anything on the social network without further consequences. At the same time, according to Musk, Twitter will remain hospitable to everyone.
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CNBC, citing its own sources, reported that Musk now runs Twitter, and the former management has left the company’s San Francisco headquarters.
Elon Musk and Twitter
Tesla and SpaceX owner Elon Musk offered to buy back the remaining shares of Twitter after he bought 9.2% of its shares.
He struck a deal to buy Twitter Inc for $44 billion in cash as part of a transaction that transfers control of the social media platform.
Musk later threatened to forgo the $44 billion deal with Twitter. Elon accused Twitter of “resisting and undermining” its right to information about fake accounts on the platform, calling it a “clear material violation” of the terms of their merger agreement.
It also previously became known that Elon Musk’s deal to buy Twitter was under threat, as his analysts did not find effective ways to verify and identify the correct number of spam accounts on the social network.
According to CNBC, referring to a letter sent by Musk’s lawyer to Twitter’s chief legal officer, Musk terminated the agreement to acquire the social network. According to Skadden Arps attorney Mike Ringler, “Twitter has not fulfilled its contractual obligations.”
Twitter Inc. sued Elon Musk for violating a $44 billion deal to buy a social media platform and asked Delaware’s court to order the richest man in the world to complete the merger at an agreed price of $54.20 per share of Twitter. Musk later began a legal battle to buy back Twitter.
In August, he said his planned $44 billion takeover of Twitter Inc. should continue if the company can confirm some details about how it determines whether user accounts are “spambots” or real people.
In addition, Musk hinted at the possibility of creating his own social platform X.com after failing to acquire the social network Twitter.
In September, Twitter shareholders approved a deal to sell the company to billionaire Elon Musk. The meeting lasted seven minutes.
Musk later changed his signature on the social network Twitter to “Twit Chief,” most likely hinting that the company’s purchase deal had likely been completed. In addition, the billionaire visited Twitter headquarters and brought a handwashing sink there.
Source: Ukrgate
