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Twitter agrees to the buyout on Elon Musk’s offer

Twitter agrees to the buyout on Elon Musk's offer

Elon Musk now controls Twitter entirely. Musk’s billion-dollar plan was accepted by the microblogging site after a week of consideration. Initially, CEO Parag Agrawal and the board of directors opposed Musk’s takeover, but it is believed that shareholder pressure compelled them to make a favorable decision. Elon Musk, the Tesla CEO, now owns Twitter.

Since Musk acquired a 9.2 percent stake in Twitter, a great deal has transpired between the two businesses. Musk has made it quite clear that he has always desired to control 100% of the company and take it private. The decision to deny the offer of a board seat was part of the plan.

Now that Musk is the sole owner of Twitter, it’s worth reflecting on how it all started and where it’s headed.

  1. It all started when Musk advocated creating a social media app in response to his belief that Twitter violated the core notion of free speech.
  2. To summarize, Musk now owns 100% of Twitter. After Musk acquired Twitter, the site became a private company. The billionaire believes Twitter has enormous potential and wants to assist it in realizing its full potential. Musk’s acquisition of Twitter has the backing of Twitter co-founder Jack Dorsey. Musk believes that his acquisition of Twitter is a beneficial development for the site.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

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