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Elon Musk Just Bought Twitter – Is the Company Really Worth It?
Elon Musk and Vanguard are increasing their stake in Twitter, but is the company really worth it? This article will discuss the motivations behind Musk’s bid, what Trump’s tweets may mean for the company’s future, and what’s in it for Musk. Also, we’ll discuss the role of Twitter’s CEO, Jack Dorsey, in the new deal. This article was originally published in July 2015, but has since been updated.
Elon Musk
The news that Elon Musk just bought Twitter is very exciting for Tesla investors. The CEO has already put up a sizable chunk of his wealth to back the acquisition. However, it will be interesting to see what the company’s future holds. The Facebook core app generated nearly $70 billion in advertising revenue last year, more than 15 times that of Twitter. Tesla investors are excited to see how Musk will use the platform to grow Tesla. Musk made it clear in a recent TED speech that the bid was not about making money, but rather enhancing the product.
The deal has created quite a stir, with rumors swirling that Musk plans to use Twitter to help build Tesla. Despite the rumors, Musk’s Twitter followers are overwhelmingly supportive of the new company. The company has already had several run-ins with the S. To see also : How Do I Use Twitter API With Python?.E.C., but experts are still trying to figure out what Musk wants to do with the site. Musk has expressed support for authenticating all humans and preserving anonymity.
Vanguard increased its stake in twitter
American investment firm Vanguard increased its stake in Twitter last month, making it the biggest shareholder. The company is currently in the midst of a buyout discussion, with Elon Musk and other tech billionaires lining up to buy up shares. The company recently announced that it owns 82. Read also : Is There a Difference Between Personal and Business Twitter Accounts?.4 million shares of Twitter, a 10.1 percent stake. In addition to Musk, Vanguard is the second-largest shareholder after BlackRock.
To get access to Vanguard’s latest investment, investors will need to open a brokerage account. This will allow them to trade the stock without incurring taxes. Twitter’s stock price rose more than 30% in the past year, and it will likely continue to climb in the future. A Twitter IPO could result in more than a billion dollars in revenue, and Vanguard wants to be a part of that growth.
Musk’s bid to buy twitter
Elon Musk’s bid to buy Twitter has been a roller-coaster ride. After he announced his intention to buy the company in April, he then hinted he may have cold feet. In May, he declared that the deal was on hold until he looked into the issue of spam and fake accounts. See the article : Is Twitter a Good Company to Work For?. He also demanded access to Twitter’s “firehose,” which is a database of 500 million tweets per day. Despite the hurdles, the two companies have been working to close the deal.
The government usually intervenes when a company purchases its competition. The government sometimes challenges such a deal if it unfairly benefits the purchaser. However, Musk’s bid to buy Twitter has raised eyebrows among some corporate governance experts. Musk has not lined up any financing for the acquisition of Twitter. And the company says it’s working with Morgan Stanley and hasn’t yet gotten the necessary financing to buy the social network.
Trump’s tweets about the deal
Following news that Elon Musk pulled out of the Twitter deal, Trump and his supporters took to Twitter to mock his lack of dealmaking skills. Trump claimed that Musk lied to him about voting for him in 2016 and he called for the end of his presidency. The Twitter account was suspended after the Jan. 6 attack on the U.S. Capitol, but some users continued to mock Trump. One Twitter user even purchased ice cream with the hashtag #TrumpFakeBill.
The deal with Iran restricts Iran’s nuclear enrichment to 3.67% U-235, which is appropriate for a nuclear reactor. This is far less than the ninety percent U-235 that would be needed for nuclear weapons. Trump also chose two top intelligence officials to oversee the deal. One is the US Director of National Intelligence, Dan Coats, and the CCIA’s Gina Haspel. Both of these officials are staffed by senior members of the intelligence community, so he has access to their secrets. But Trump has provided no proof that his top intelligence appointees were accurate about the agreement.
Expectations for the company after Musk’s acquisition
Elon Musk’s proposed acquisition of Twitter is a complicated one, and the uncertainty surrounding the deal is unsettling for both users and advertisers. Twitter had reported a net loss of $270 million last year, and the company is now awaiting a court date in October. Musk has defended his decision to purchase Twitter, saying that he would have done it better. In a recent interview with Bloomberg, he outlined his plans to quintuple the company’s revenue and reach 931 million users by the end of 2028.
The Twitter stock price could fall significantly, but analysts expect the acquisition to be successful. In addition to delivering a substantial cash premium to shareholders, Musk has promised to reshape the company’s operations. The CEO hopes to make Twitter more open source and eliminate intermediary controls. He may also push to change the company’s governance structure, which has been problematic. Regardless of the outcome, Twitter shares could fall another 40%.
