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Elon Musk buys Twitter for $44bn

Elon Musk has instructed a brand new identify for Donald Trump’s Fact Social app as he accused Twitter, which has simply agreed to purchase for $44bn, of censorship.

The Tesla boss, whose takeover of the San Francisco-based platform was introduced earlier this week, took to Twitter to match it to to the previous president’s personal social media firm.

“Fact Social (horrible identify) exists as a result of Twitter censored free speech,” Mr Musk tweeted. “Ought to be referred to as Trumpet as a substitute!”

]Musk can pay $54.20 money per share for the San Francisco-based firm, which is able to now be taken personal after days of intense negotiations between the entrepreneur and the platform’s board.

The board introduced it had reached a take care of Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing worth on 1 April, the day earlier than the world’s richest individual made his transfer for the corporate by asserting his 9 per cent stake.

Musk will possible make some important adjustments to the social media platform, having made a number of hints in current months about what his intentions are. It comes after Musk’s good friend Dorsey stepped down as CEO and Parag Agrawal took over.

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Elon Musk jokes about shopping for Coca-Cola, placing ‘cocaine’ again within the widespread drink

ICYMI: Potential Twitter proprietor Elon Musk is legendary for peppering his extremely lively account on the platform with lighthearted jests alongside posts sharing severe inventory acquisitions.

Now the billionaire entrepreneur, within the wake of agreeing to purchase Twitter for $44bn, has stirred up his followers by posting a tweet that has led many to attract a clean: is he critically contemplating shopping for Coca-Cola or simply trolling his greater than 80 million followers?

Graeme Massie29 April 2022 04:01

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US market surges on information of Fb dad or mum Meta’s outcomes regardless of fears over GDP figures

Wall Avenue noticed know-how and progress shares surge on Thursday after sturdy earnings from Fb’s dad or mum firm Meta allayed considerations the US financial system contracted within the first quarter of 2022.

As of 3pm, the markets had been having fun with their finest day since Might 2020, with all three main indexes having fun with a sustained increase.

Bevan Hurley has the main points.

Graeme Massie29 April 2022 03:03

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Trump lastly posts on his Fact Social platform – reviving one in all his most well-known phrases

The silence was by no means going to final.

Donald Trump has lastly posted on his Fact Social app, the struggling Twitter rival he launched earlier this yr, after an uncharacteristic monthslong quiet from the often voluable former president.

Josh Marcus has the story.

Graeme Massie29 April 2022 02:15

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Musk tweets meme on political change

ICYMI: The potential new proprietor of Twitter posted a cartoon meme that seems to point his perception that it’s truly the left-wing of American politics that has moved to the intense since 2008, and never the right-wing.

The stick-figure cartoon suggests that individuals with centrist views in 2008, labelled “me” within the cartoon, are actually to the fitting due to this alteration.

Graeme Massie29 April 2022 01:14

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Marjorie Taylor Greene says she needs to satisfy with Elon Musk to debate Twitter bans

Consultant Marjorie Taylor Greene mentioned that she hoped that she might meet with Tesla chief government Elon Musk amid information that he has acquired Twitter.

The appropriate-wing congresswoman from Georgia made the remarks throughout a information convention in entrance of the Capitol when introducing laws that may abolish Part 230 of the Communications Decency Act, which says that service suppliers can’t be handled as a writer or or speaker of data supplied by one other supplier.

Graeme Massie29 April 2022 01:03

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Self-proclaimed ‘socialist’ to ‘crimson capsule’ anti-lockdown crusader: What are Elon Musk’s politics?

ICYMI: The Tesla and SpaceX tycoon has donated to each events and attacked everybody from Joe Biden via Donald Trump to commerce unions and ‘pronouns’, however beneath all of it there’s a constant ideology, writes Io Dodds.

Graeme Massie29 April 2022 00:28

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Twitter: Will Elon Musk truly purchase social media platform for $44bn?

Elon Musk has develop into the world’s richest individual, and one of many enterprise world’s most polarising figures on the again of the staggering industrial success of Tesla and engineering brilliance of SpaceX.

And together with his $44bn supply for Twitter having been accepted by the social media’s platform’s board, Mr Musk will presumably add a 3rd CEO function to his assortment.

Graeme Massie29 April 2022 00:02

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Tumblr will get new customers as individuals go away Twitter

Matt Mullenwag, the founding father of Automattic, which owns Tumblr, tweeted that Tumblr noticed a 19% bump in new person registration within the wake of the information that Elon Musk was shopping for out the corporate

Adam Smith28 April 2022 17:30

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Twitter has been miscounting its customers

Twitter has additionally been overstating the variety of day by day customers on its service for the previous, overcounting by as much as 1.9 million customers every quarter, in information that broke following its quaterly earnings.

The error was as a result of Twitter counting a number of accounts as lively once they had been all owned by one person – even when they weren’t in use.

Adam Smith28 April 2022 16:07

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Twitter declares quarterly outcomes

Twitter has simply posted its quarterly earnings, revealing a 16 per cent enhance in customers and a income of $1.2 billion.

The primary three months of the yr noticed the San Francisco firm obtain a median 229 million day by day lively customers – although this doesn’t bear in mind any impactf Musk’s involvement with the platform might need had. His 9.2 per cent stake, adopted by his takeover bid, had been all revealed in April.

Anthony Cuthbertson28 April 2022 14:04


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