Stock Groups

Elon Musk’s deal to buy Twitter leaves many key questions unanswered

[ad_1]

Elon Musk, SpaceX founder, reacts after his SpaceX Falcon 9 rocket carried the Crew Dragon spacecraft lifted off from Cape Canaveral (Florida), U.S.A, on March 2, 2019, for an uncrewed test flight. 

Mike Blake | Reuters

A $44 Billion buyout proposal was made by billionaire to the Twitter Board. TeslaChief Executive Officer Elon Musk. We don’t know much about the plans of the richest man in the world for his social media platforms.

Below the termsMusk has agreed to pay $54.20 for each share of Twitter cash. This announcement ends a long-running saga Musk began when he offered to purchase Twitter at $54.20 per share. He called it his “best offer” and said that it was the end of a lengthy process.

Twitter released Monday’s statement saying that Musk has provided $21 billion, secured $25.5 billion in debt, and had “margin loans financing.” It also stated that “there are not financing conditions for the transaction closing.”

Musk has taken over. However, there are still many key questions regarding Twitter’s future. These topics are hotly awaited by users, politicians, and investors.  

Which one will take the reins of the business?

Twitter has a big problem: who will Musk choose to become the next CEO?

Parag Agrawal is the current CEO. just five months after succeeding co-founder Jack Dorsey. Agrawal had to quickly deal with Musk who bought about 9% of stock and then briefly offered to be on the board.

Musk opted to pursue the entire company instead of ending that agreement. Agrawal warned that there would be “distractions” ahead.

Musk is unlikely to be his partner in the future. He was distracted. Agrawal said nothing in Monday’s release except that “Twitter’s purpose and relevance impacts the whole world.” Our teams are deeply proud and we feel inspired by their work.

Which members will sit on the board of directors?

Directorships are headed by SalesforceBret Taylor was co-CEO and adopted a poison pill to stop a hostile takeover by Musk. After Musk refused to sign the agreement, that was when this happened.

Musk will have his opportunity to start fresh. The list of possible candidates for Musk’s assistance is extensive. Both he and Dorsey are a bit of a chum lately. Do you think he will join his tech billionaire co-founder?

What control can Musk exercise?

Twitter said the company is being acquired by “an entity wholly owned by Elon Musk.” This does not indicate how much power Musk will have.

Musk is the CEO of Tesla with a market value of $1 trillion and SpaceX which is valued at $100 million in private markets. Musk also owns his two start-ups, Neuralink and The Boring Company.

Is he going to take the Jeff BezosYou can approach the Washington Post, and let an independent management team run the operations. Will there be an owner who is involved in the operation? It will be possible to determine what you can expect from content moderators and whether many of the prominent people kicked off will return to the site in the near future.

How will Twitter evolve?

Musk tried to gather opinions about Twitter features by asking his more than 83 million followers to vote on changes such as an edit button. He will decide based on the opinions of his followers.

The release contains the following:

Twitter, the online town square for important issues facing humanity’s future, is where free speech can be debated. Twitter needs to be improved. This includes new features, open-source algorithm development to boost trust and defeat spambots. It also requires authenticating everyone. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

Musk defines free speech. On Monday Musk wrote in a tweet, “I hope even my worst critics stay on Twitter. That is what freedom of speech means.”

He will let all the people stay. It is crucial to keep a social media network from being a disaster. Private corporations don’t need to use the First Amendment as a guideline for free speech.

Trump returning?

An ex-President Donald Trump was banned by Twitter last year for violating its rules — a move that drew ire from Trump and many conservative politicians. Musk stated that he isn’t happy with the company’s policies on censorship. Will Trump return? Users will leave the site as a consequence. How can open-sourcing help us learn who has gone where and why?

Trump told CNBC on Monday he wouldn’t return to Twitter even if Musk reversed the former president’s ban, saying that he’ll be on his own service, Truth Social, “within a week.”

When I was at The White House, we did lots for Twitter. Trump stated. Trump stated, “I was dissatisfied by how Twitter treated me. “I won’t go back to Twitter.”

Was will become of the workforce?

Musk must create a new system for employee compensation by taking the company public. Stock grants and other rewards that were previously granted are meaningless. They will be replaced with equity by the new Twitter version, which could give employees upside potential should the company become public for the second time.

Tech industry faces a highly competitive talent market that is tightening. Employers have greater pressure to keep what they have. Twitter should be your home, not a place you’d like to move.

Who does Musk actually keep? Musk can make a lot more employees irrelevant if he eliminates content moderation. Is the Musk army now Twitter’s workforce

How about Tesla Investors?

[ad_2]