The billionaire finally bought the social network for $ 44 billion. He claims to be motivated by the defense of freedom of expression.
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“The bird is released,” tweeted Elon Musk. With a day in advance, the richest man in the world became, Thursday, October 27, owner of Twitter, announced the same day in the evening the American press. The day before, the boss of Tesla and SpaceX went to the Californian headquarters of the company, in San Francisco. This sometimes abstruse humor had curiously arrived with a sink in his arms.
Elon Musk immediately dismissed the CEO of the firm, Parag Agrawal, which he had stopped criticizing for months, the financial director Ned Segal, and the head of legal affairs Vijaya Gadde. All three have definitively left the business.
The new owner of the social network has also changed the title of his Twitter account, renamed “Chief Twit”, “Twit” wanting to say “moron” in English. In any case, he bought a company for $ 44 billion (44 billion euros), at a price of 54.20 dollars per share, an amount deemed very overpayed by all observers and the interested party himself, having regard to the fall on the stock market of digital values since March, in particular those funding by advertising.
m. Musk, 51, tried for months to dedicate himself from his repair of buyout, explaining in particular that the management of the company had lied to him on the number of false accounts or inactive accounts. Attacked before the courts by the management of Twitter, he ended up changing his mind in early October due to the risks of legal defeat which he incurred and respected his initial commitment. The acquisition is funded up to 12 billion dollars by partner banks, while the American Federal Reserve (Fed, Central Bank) and inflation marked the end of free money.
As early as Friday, October 28, the Twitter action will leave the side by Wall Street definitively, after a very mediocre course since her first day of rating, in November 2013, where she had finished the session at 45 dollars.
An increasingly Trumpist attitude 2>
In a post published Thursday, the richest man in the world very seriously assures that he “did not buy Twitter for money. I did it to try to help humanity that I ‘love “. He invokes the defense of freedom of expression to explain his purchase. “The reason for which I acquired Twitter is because it is important for the future of civilization to have a common digital debate forum, where a vast diversity of opinions can be debated in a healthy way, without resorting to violence “, writes Mr. Musk.
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