From acquisition to termination: Everything that’s happened post Elon Musk’s Twitter deal

Elon Musk on Friday announced terminating the $44 billion offer to buy microblogging site Twitter citing the failure of providing adequate information about the number of fake accounts.

According to AFP, Musk’s lawyer Mike Ringler took to Twitter and complained that his client (Musk) waited for nearly two months to seek data on “fake or spam” accounts on the social media platform. Today, we look at the timeline of events from Musk announcing the acquisition of Twitter to its termination.

Twitter acquisition

After musk acquired twitter for about $forty four billion with shares worth $fifty four. 20, the tech entrepreneur made a number of feedback approximately what he intends to do with the social platform. In a submitting to the united states sec, musk wrote, “i invested in twitter as i accept as true with in its ability to be the platform totally free speech around the globe, and that i accept as true with free speech is a societal imperative for a functioning democracy,” including that “twitter has tremendous potential. I will unlock it.”

Musk’s ‘free speech’ fiasco

Musk tweeted his stance on unfastened speech, speculations rose that he will permit hatred, within the name of loose speech on twitter. However, the tech ceo clarified that he’s against any sort of censorship that goes some distance beyond the law.

“the extreme antibody response from those who fear loose speech says all of it. Through “loose speech”, i simply mean that which suits the regulation. I’m towards censorship that is going far beyond the law. If human beings need much less loose speech, they will ask the authorities to skip legal guidelines to that impact. Therefore, going past the regulation is opposite to the desire of the people,” he wrote on his twitter feed. The tech ceo wanted to make twitter fun for everyone. He had additionally published that twitter wishes to be “desires to be politically impartial” to regain ‘public consider’. “the a long way left hates anybody, themselves protected! However i’m no fan of the a ways-right either. Allow’s have much less hate and extra love,” he wrote in a tweet.

Paying for Twitter

The billionaire also made plans to monetise the platform. He tweeted that whilst the platform will always be free for informal customers, there may be a mild price for “industrial/government users.”

in might also, twitter offered musk get admission to to raw statistics on loads of millions of every day tweets, consistent with more than one reviews, even though neither the employer nor musk confirmed that.

The warning

In june, musk in an interview with bloomberg information editor-in-leader john spoke approximately his $forty four billion takeover of twitter. He recommended there are a number of troubles to get an accurate measure of bots. Musk stated, ” the share of faux, unsolicited mail and bot bills on the provider remains a completely extensive count…and of path there’s the question of, will the debt portion of the round come collectively, and then will the shareholders vote in favor.”

Ending the deal

Musk ended the deal mentioning that twitter breached more than one provisions of the settlement. This includes more than 5 consistent with cent of bots, and failing to provide facts on letting move of some executives and recruiters. In the meantime, twitter’s chairman is executing criminal action against musk to enforce the deal.

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