Elon Musk took to Twitter on Friday to offer a sense of his vision for the social media platform, after the acquisition goes through, also offering a sense of what its employees can expect, with regard to work life under his leadership.
20.04.2022 - 19:05 / deadline.com
Two business stories converged as Elon Musk took a Twitter kick at Netflix after the streamer’s stock sank on subscribers losses.
“The woke mind virus Is making Netflix unwatchable,” Musk tweeted in a chain responding to news of Netflix’ share crash following yesterday’s earnings report. He didn’t elaborate. Netflix stock is down 35% today, a massive hit, as confluence of factors (not really content related) have slowed its once mighty growth trajectory.
Musk has also been pretty busy slamming the board of Twitter in other posts on Twitter, which he wants to buy. Twitter’s board of directors put in place a so-called “poison pill” to make that harder. Musk is attempting to raise funds for a $43 billion cash offer with the help of Morgan Stanley and if he does, has hinted he’ll launch a public tender — going to directly to Twitter shareholders to buy their stock over the head of management.
How do we know? Three words – he tweeted “Love Me Tender” (an Elvis Presley song) after the poison pill, or shareholder rights plan, was announced. That allows current holders to buy stock at a discount if any entity acquires more than 15% of the company, diluting the position. Musk currently own 9.1% of Twitter.
The New York Post on Tuesday cited sources saying that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private.
Twitter shares have been volatile since Musk disclosed his investment and since his offer of $54.20 per share to buy it. The stock is pretty flat today, up 0.06% at $46.18.
Tesla reports earnings after market close today.
The woke mind virus is making Netflix unwatchable
— Elon Musk (@elonmusk) April 20, 2022
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Elon Musk took to Twitter on Friday to offer a sense of his vision for the social media platform, after the acquisition goes through, also offering a sense of what its employees can expect, with regard to work life under his leadership.
Meek Mill has asked “big homie” Elon Musk to let him get in on his recent Twitter investment.The Tesla founder and entrepreneur successfully acquired the social media platform last month (April 25) for approximately $44billion (£34.5b).His offer was initially turned down by Twitter, which put a “poison pill” measure in place to stop a takeover attempt by Musk. However, the two parties later entered talks before the deal entered its final stages of negotiations.Mill has now publicly tweeted Musk and asked him directly if there’s any room for him to get in on the deal.“Elon musk let us invest in Twitter with you ‘big homie,’” Mill wrote, as you can see below.
Todd Spangler NY Digital EditorElon Musk, the mega-billionaire Twitter power user who last week clinched a deal to acquire the company, has floated a new idea for the social network make money.Musk on Tuesday posted that Twitter may impose “a slight cost” for companies or government accounts to use the service, without elaborating.“Ultimately, the downfall of the Freemasons was giving away their stonecutting services for nothing,” Musk tweeted. “Twitter will always be free for casual users, but maybe a slight cost for commercial/government users.”To be sure, it’s just Musk spitballing at this point about what may happen once he closes the $44 billion deal to buy Twitter.
The method behind the mega-purchase. Elon Musk made headlines around the world when he bought Twitter — and now he’s explaining why he did it.
Elon Musk brought a very special lady to this year's Met Gala — his mom, Maye Musk, and the pair seemed to have a great time at the star-studded celebration of fashion.This year's Met Gala accompanies the second part of the Costume Institute's exhibition, «In America: An Anthology of Fashion,» with the controversial theme «Gilded Glamour and White Tie.» The concept is a homage to the United States' Gilded Age, an era of immense economic growth and major industrialization, as well as massive income inequality, political upheaval, and post-Civil War racism.Musk himself has been at the center of some controversy recently and has faced criticism for his $44 billion purchase of Twitter, with critics chastising him for not spending that money on philanthropic efforts.Speaking with ET's Rachel Smith on the carpet the the Metropolitan Museum of Art in New York City on Monday, Musk defended the acquisition, arguing, «I do a lot of things philanthropically.»«Really, my companies are intended to do good for the future of humanity,» he continued. «With Tesla trying to accelerate the advances in sustainable transport and energy and SpaceX is um providing internet to the lesser [served] people of the world.»«We are able to help Ukraine with the Starlink terminals and give connectivity, particularly in some of the hardest hit areas,» Musk added.
Tesla stock has reversed its slump after Elon Musk said he is finished selling stock in the electric vehicle firm he runs as CEO in order to fund his pending $44 billion acquisition of Twitter.
Elon Musk, Tesla entrepreneur, SpaceX founder and world’s richest man, announced that he bought Twitter for $44billion to “unlock its potential” as a “free speech platform”. It’s been a busy year for Musk. As well as making headlines for his billionaire business investments, he’s welcomed a second baby daughter, Exa Dark Sideræll, with on-and-off girlfriend Grimes, has been called to testify in ex-girlfriend Amber Heard’s televised trial with her former husband Johnny Depp and has been with rumoured new girlfriend actress Natasha Bassett.
With huge culture-defining comedy hits and franchises like “Wayne’s World” (1992–1993), “Austin Powers” (1997–2002), and “Shrek” (2001–2010), comedian Mike Myers absolutely dominated comedy on screen for at least all of the ’90s. Myers proved their was much life in his career beyond “Saturday Night Live” and that he was a malleable comedy star who could eccentric and outrageous characters like Adam Sandler, and Jim Carrey did.
Todd Spangler NY Digital EditorElon Musk, who’s set to become Twitter’s sole owner, is prohibited from posting tweets that “disparage” the social network.But that didn’t stop Musk, the CEO of Tesla and SpaceX and the world’s richest person, from criticizing Twitter’s 2020 decision to freeze the account of the New York Post, after the paper published unverified stories about Hunter Biden.“Suspending the Twitter account of a major news organization for publishing a truthful story was obviously incredibly inappropriate,” Musk tweeted Tuesday evening.That was in reply to a post by Saagar Enjeti, political commentator and co-host of “Breaking Points,” which linked to a story by Politico describing how Vijaya Gadde, Twitter’s head of legal, policy and trust, and safety — the exec who oversaw the company’s suspension of the New York Post — cried during a meeting with staffers discussing Musk’s takeover. In October 2020, Twitter blocked the New York Post’s account for 16 days over the newspaper’s series of disputed stories on Hunter Biden, in what became a flashpoint for Republicans charging Twitter with censorship of conservatives.
The Tesla mogul and richest man in the world made a surprise offer to buy the social media platform putting in a succesful bid of $54. 20 a share to acquire it which the board accepted. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Mr Musk said in a statement.
accepted his bid to take over the company. Mr Musk, said to be worth around $219 billion and the 'world's richest man' according to Forbes' magazine, struck a deal to buy the 16-year-old business for roughly $44 billion (£36. 2bn).
Todd Spangler NY Digital EditorTwitter is now in Elon Musk’s hands. What his successful maneuver to buy the company means for its 200 million-plus users — or for media and entertainment companies that use the platform to reach global audiences — is anything but clear.In the space of three weeks, Musk went from disclosing a 9.2% stake in Twitter to clinching a $44 billion deal for the company on April 25.
Naman Ramachandran The 11-member Twitter board met on Sunday to consider billionaire Elon Musk’s $43 billion takeover offer for the social media company, according to reports.Musk “wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer,” according to Reuters which quoted people familiar with the matter. “The company’s decision to engage with Musk… does not mean that it will accept his $54.20 per share bid,” according to Reuters.
Zack Sharf Elon Musk weighed in on Netflix’s subscriber loss in the first quarter of 2022 by claiming “the woke mind virus” is making the streaming platform “unwatchable.” Netflix announced April 19 that it had lost 200,000 subscribers, marking the first time in 10 years the streamer has reported a loss in subscribers. Following the news, Netflix’s stock crashed to a four-year low.While Musk did not detail why Netflix shows are contributing to “the woke mind virus” that’s killing the streaming giant, he did agree with one follower who claimed that the “woke mind virus is the biggest threat to the civilization.” Musk replied, “Yes.”Another follower wrote to Musk, “It’s not just Netflix.