Dharanidharan S

In a filing to the US SEC, Musk wrote, “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” adding that “Twitter has extraordinary potential. I will unlock it.”Musk made an unsolicited bid worth more than $40 billion for the influential social network, saying that he wanted to make Twitter a private company and that he wanted people to be able to speak more freely on the service.Musk made an unsolicited bid worth more than $40 billion for the influential social network, saying that he wanted to make Twitter a private company and that he wanted people to be able to speak more freely on the service.He said: Musk offered to buy Twitter in early April, pushing the value of the company from just under $40 per share to more than $50. While under its recent record highs set in 2021, the price that Musk agreed to pay for Twitter was a comfortable premium over its then-trading price.Why did Elon Musk want to buy Twitter? Musk has said he wants to promote free and open speech on the service, which he has said he sees as an essential place for sharing viewpoints. During a TED interview shortly after announcing his bid, he expanded on some of his plans.Twitter executives presented the company's current business plans and financial projections, as an alternative to Musk's offer. Musk announced that he secured $46.5 billion in financing for the acquisition, the first real assurance that Musk would be able to buy the company.The Tesla and SpaceX CEO has struck a deal to acquire Twitter for $44bn. How will the platform change? It has been a volatile deal, and if it goes through it would be one of the largest leveraged buyouts on record.It's tempting. But experts say buying Twitter stock right now is not such a good idea. “Investors should not buy Twitter,” Matthew Tuttle, CEO of Tuttle Capital Management told Money via email.Twitter Inc. executives told employees Thursday that the $44-billion deal to sell the company to billionaire Elon Musk is moving forward as planned, and that they won't renegotiate the agreed-upon price of $54.20 per share.Elon Musk Says "Committed" To Twitter Deal Just After He Announced It Was "On Hold" The board accepted his all-cash offer for $54.20 a share last month. The bot issue surfaced last week and Musk said then the purchase was on hold until he had more information, but later tweeted that he was “committed” to the deal.Twitter makes money in two ways: advertising and data licensing. In 2021, Twitter generated $4.5 billion from advertising and $570 million from data licensing. While Twitter generated $5 billion in total revenues, it lost 221 million. In April 2022, Elon Musk took over Twitter for about $44 billion.The 25 analysts offering 12-month price forecasts for Twitter Inc have a median target of 54.20, with a high estimate of 75.00 and a low estimate of 38.00. The median estimate represents a +38.97% increase from the last price of 39.00.Musk has also said he wants to make the company's algorithm, or its computer code, public to promote transparency. That's easier said than done, experts say. He called on Twitter direct messages, which are private, to be end-to-end encrypted so they are more secure and “so no one can spy on or hack your