This October 27, after months of comings and goings after agreeing to buy Twitter, billionaire Elon Musk confirmed that he bought the social network. However, the purchase is expected to take place officially on October 28.
The reason I bought Twitter is because it is important for the future of civilization to have a common digital square, where a wide range of beliefs can be discussed in a healthy way, without resorting to violence.
I didn’t do it to make more money. I did it to try to help humanity, which I love. And I do so with humility, recognizing that failure to pursue this goal, despite our best efforts, is a very real possibility.
In addition, he said that he did it to allow “healthy” debates on the Internet and announced that advertising will have a relevant place on the network. Upon learning of Musk’s message, Twitter shares rose 1.16 percent on Wall Street on the day before it was made official.
Elon Musk is expected to close the deal on October 28, officially taking over one of the world’s largest social networks. According to US media reports, Musk informed bankers of his plans to meet the deadline in a call on October 24.
The Tesla and SpaceX chief signaled his plans to finalize the deal this week, changing his Twitter bio to “Chief Twit” and his location to Twitter headquarters in San Francisco, California.
Similarly, on October 26, Musk shared a short video in which he is seen entering the headquarters carrying a porcelain sink, along with the message “let that sink in”, an expression that refers to the verbal phrase “sink” (sink), which means “to enter the mind”. In addition, “sink” in English also means sink.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Entering Twitter headquarters, settle down!
His visit occurred after a leak of Washington Post which revealed that when the world’s richest man becomes owner he plans to lay off up to 75 percent of Twitter’s staff.
The deadline to consummate the deal was ordered by the Delaware Court of Chancery, in early October. This is the latest move in an epic battle during which Musk signed a deal to acquire Twitter and then tried to back out, prompting the social network to sue Tesla’s CEO to force him to close the deal.
However, if the two sides miss the October 28 deadline, the next step could be a trial in November.
Source: Okchicas
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