The U.S. tycoon and CEO of Tesla published yesterday, Wednesday, October 26, a video in which he smilingly enters the Twitter headquarters with a sink on his back, implying that the purchase of the social network has finally been finalized.
Through his account on the platform, the billionaire stated:
“Entering Twitter headquarters, suck it up!”.
He also included a message with the word “sink” in English, humorously referring to the moment of entering the building.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Elon Musk and Twitter
Elon Musk, by order of the U.S. justice, must complete the purchase of Twitter for 44,000 million dollars, no later than next Friday, October 28, in case of not acquiring the social network, he will go to a trial driven by the company’s board of directors.
The owner of Tesla and SpaceX tried to negotiate a reduction in the price of the operation; however, Twitter did not accept. Musk gave up and announced that he agreed to close the deal under the original terms.
The acquisition of Twitter is intended to close at a price of $54.20 per share. The social network’s share price has soared on the news, closing at $52.78 per share and up 2.45% on the day, Yahoo Finance reported.
A couple of hours before finalizing the deal, Elon Musk had written on the platform:
“One beautiful thing about Twitter is how it empowers citizen journalism, people can disseminate news without an establishment bias.”
A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias
— Elon Musk (@elonmusk) October 26, 2022
The Initial Agreement
Elon Musk agreed last April to buy Twitter for $44 billion in cash, or $54.20-
At the time, Twitter’s board of directors showed its satisfaction, voting unanimously in favor of the deal that turned the social network back into a private company.
However, a letter from Elon Musk filed with the Securities and Exchange Commission (SEC) argued that Twitter was unclear on these two issues:
- Auditing spam and fake accounts on monetizable daily active users (mDAUs).
- Identification and suspension of such accounts.
Allegedly, Twitter kept the daily mDAU metrics secret for the past two years.
Twitter CEO Bret Taylor assured that the board was looking to close the transaction at the previously agreed price and would pursue legal action if necessary.
“We are confident we will prevail in Delaware Chancery Court,” Taylor wrote on his Twitter account.
Twitter is developing a cryptocurrency wallet.
Last Monday, October 24, security researcher Jane Manchun Wong reported that the social network Twitter is working on a “prototype” cryptocurrency wallet that will support deposits and withdrawals.
This researcher, with more than 122,800 followers on Twitter, is known in social networks for unveiling the most hidden secrets of companies before they are officially published.
So far, Twitter has not commented on the matter; however, Wong’s followers have already shown their euphoria and excitement for the news.
Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal”
— Jane Manchun Wong (@wongmjane) October 24, 2022
Musk and the dogecoin
Last June 21, Elon Musk stated in an interview to Bloomberg that he has never encouraged people to invest in cryptocurrencies after the digital market crash.
However, he reiterated that he will continue to support digital assets such as bitcoin (BTC) and the “meme dog” dogecoin (DOGE).
“I personally try to support dogecoin because I know a lot of people who are not that wealthy who have encouraged me to buy and support dogecoin, so I’m responding to those people,” he noted.
We will support DOGE whenever possible,” Musk added.
However, last June 16, the American billionaire was sued for 258 billion dollars for being part of an alleged pyramid scheme with the dogecoin cryptocurrency.
The US citizen, Keith Johnson, sued Musk alleging that his companies constitute a racketeering organization and gambling under US and New York laws.
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