Technology

Twitter: new developments on Musk’s attempt to climb, various rumors

With rumors increasingly in the background, it is once again Musk’s attempt to climb to catalyze the attention that revolves around the social network of the blue canary, increasingly coveted in the acquisition-
Twitter: new developments on Musk's attempt to climb, various rumors

Lately, there is a lot of talk about Twitter, the social network of the blue canary, in relation to which new developments have emerged relating to the acquisition attempt undertaken by Elon Musk, without however subtracting too much attention from the action of the leakers, as always committed in probing the well-known microblog to anticipate novelties and functional initiatives.

In recent days, positions have multiplied regarding Musk’s attempt to buy Twitter to make it a private company (thus being able to focus on long-term strategies that do not involve having to periodically report to investors, or provide continuous reports to the SEC. ): after the endorsement made by former CEO Jack Dorsey, who criticized the closing attitude of the Board, it was the turn of the controversial podcaster Joe Rogan to support Musk’s takeover, claiming that the famous billionaire is a “super intelligent guide who it also seems to have a great ethics and morals “.

The person concerned, Elon Musk, according to Bloomberg, has a liquid assets of 3 billion dollars, given that many of his substances are engaged in stakes in his companies: to reach the 43 billion that he considers necessary to buy the rest (given that he holds already 9.2%) shares of the platform (priced at $ 54.20 per share) will need to resort to loans.

In this regard, according to the editor of the New York Times, Lauren Hirsch, Musk would have turned to the investment bank Morgan Stanley to put together a team of co-investors, also with the aim of reducing the hostility (and fears) of the Board of Directors towards you. All while also the investment bank “Apollo Management” would be considering whether to intervene in the acquisition of Twitter, although at the moment it is not clear whether to support the proposal of Elon Musk or that of the private equity fund Thoma Bravo.

While waiting to understand if his proposal will have the strength to overcome the resistance of the Twitter board, or if he will have to resort to his feared “plan B”. Musk fooled the wait at times with cryptic tweets, at times with clear and threatening statements, such as the one that he would like among his first decisions as the platform’s deus ex-machina him to establish a salary of 0 for board members. administration, benefiting from savings of $ 3 million.

Finally, in terms of rumors, new indiscretions have arrived from the leakers circuit. According to Nima Owji, Twitter is working on an undefined function known as “Dance tools” while, according to Alessandro Paluzzi, the social network is busy launching new seasonal icons and two new reactions (black and brown) in the shape of a heart.

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