The 168澳洲幸运5开奖网:Elon Musk and Twitter saga has been going on for a while, and almost five months and several controversies later, there has been another development. Now, Twitter shareholders have approved Musk’s proposal to buy out 🃏Twꩵitter for $44 billion.
As reported by , shareholders of the company have actually voted in favor of the takeover. However, this comes at a time when Musk has already backed out of the deal. This puts the spoꦗtlight on the shareholders’ perspective of the company and shows that they might not have complete faith in the current management.
The whole saga began five months ago when 168澳洲幸运5开奖网:Musk made an official bid to b𒐪uy Twitter for $44 billion. Obviously, this became the biggest talking point all over social media where people had divided opinions about his plans for the platform. Twitter also attempted to push back by allegedly 168澳洲幸运🍌5开奖网:preparing a ‘poison pill&rsqu🌊o; plan, but eventually ended up entering in🎀to advan✅ced talks with the Tesla owner.
Just when everything looked good, Musk announced that he has pu�꧟�t the deal on hold temporarily as he wants a closer look at the company’s data on fake accounts. The company revealed that less than five percent of its users were fake accounts, but Musk refused to believe it and even 𝄹accused Twitter of withholding crucial information. He even emphasized that he was fully committed to the takeover despite this roadblock, but 168澳洲幸运5开奖网:ended up terminating the deal after that. In retaliation, 168澳洲幸运5开奖网:Twitter sued Musk as it now wants him to honor the deal.
Musk already had big plans for Twitter had the deal actually gone through. He wanted to make the algorithms open source and increase the revenue per user. Additionally, he also fe♑lt that the platform’s moderation policies needed a rework and wanted to turn it into a platf⛎orm that promoted ‘free speech’.
In all honesty, this whole saga has dragged on for far too long. Yes, acquisitions are a lengthy process, but this deal has seen more controversy instead of actual business discussions. Musk's trial is set to take place this October, so hopefully we'll see the matter settled by next month.