Musk’s plans for Twitter as billionaire launches takeover supply

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Tesla Chief Government Elon Musk has supplied to purchase

Twitter Inc for about $41 billion in money, days after rejecting a seat

on the social media firm’s board.

It began with Musk disclosing a 9.1% stake in Twitter on April 4 and

later mentioned he would take a board seat. However, turning into a director would have

prevented Musk from turning into a helpful proprietor of greater than 14.9% of Twitter’s

frequent inventory.

Right here’s a chronology of developments, together with some tweets from Musk and

newest feedback disclosed in a submitting:

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Date Tweets and feedback from firm submitting

April 14, 2022 “Nevertheless, since making my funding I now understand the

firm will neither thrive nor serve this societal

crucial in its present kind. Twitter must be

remodeled as a non-public firm,” Musk mentioned in a submitting https://www.sec.gov/Archives/edgar/information/0001418091/000110465922045641/tm2212748d1_sc13da.htm

April 14, 2022 “My supply is my finest and ultimate supply and if it’s not

accepted, I would wish to rethink my place as a

shareholder,” Musk added within the submitting

April 14, 2022 “Twitter has extraordinary potential. I’ll unlock it,”

Musk mentioned within the submitting

April 14, 2022 Musk tweeted https://twitter.com/elonmusk/standing/1514564966564651008

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saying “I made a proposal,” with a hyperlink to the corporate

submitting

April 12, 2022 Musk was sued by former Twitter shareholders who declare

they missed out on the current run-up in its inventory value

as a result of he waited too lengthy to reveal a 9.2% stake within the

social media firm.

April 10, 2022 Musk polled followers on Twitter asking whether or not the

firm’s headquarters in San Francisco ought to be

transformed right into a homeless shelter. The tweet is now

deleted. Amazon.com founder Jeff Bezos had backed

Musk’s thought.

April 10, 2022 Twitter CEO Agrawal shared a observe https://twitter.com/paraga/standing/1513354622466867201

on Twitter saying that Musk rejected the corporate’s supply

to hitch its board. Musk deleted the tweet, the place he

responded with an emoticon with a

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face-with-hand-over-mouth.

April 10, 2022 Musk began a ballot asking if “w” ought to be deleted from

Twitter’s title, leaving two voting choices, “sure” and “of

course.” He deleted that too.

April 9, 2022 With respect to Twitter’s enterprise mannequin, Musk tweeted

earlier than deleting it: “And no adverts. The facility of firms

to dictate coverage is significantly enhanced if Twitter relies upon

on promoting cash to outlive.”

April 9, 2022 Musk tweeted https://twitter.com/elonmusk/standing/1512946176244473863,

“Everybody who indicators up for Twitter Blue (ie pays

$3/month) ought to get an authentication checkmark” about

its subscription service that gives “unique entry to

premium options” on a month-to-month foundation. Later, he deleted

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the tweet.

April 5, 2022 Agrawal tweeted https://twitter.com/paraga/standing/1511320953598357505?s=21&t=Is9i_R_hPKzFuUV5VhxUZQ

Musk is being appointed to Twitter’s board. “He’s each a

passionate believer and intense critic of the service

which is strictly what we’d like on

@Twitter, and within the boardroom, to make us stronger within the

long-term,” a follow-on tweet mentioned.

April 5, 2022 Twitter CEO Jack Dorsey welcomed Musk to Twitter’s board

in a tweet https://twitter.com/jack/standing/1511329369473564677?ref_src=twsrcpercent5Etfwpercent7Ctwcamppercent5Etweetembedpercent7Ctwtermpercent5E1511329369473564677percent7Ctwgrpercent5Epercent7Ctwconpercent5Es1_&ref_url=httpspercent3Apercent2Fpercent2Feconomictimes.indiatimes.compercent2Fmagazinespercent2Fpanachepercent2Fto-celebrate-memelord-elon-musks-twitter-board-entry-netizens-flood-the-internet-with-jokespercent2Farticleshowpercent2F90687616.cms,

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added: “Parag and Elon each lead with their hearts, and

they are going to be an unimaginable group.”

April 4, 2022 Musk posted a Twitter ballot asking customers in the event that they wished an

edit button. “Would you like an edit button?” Musk requested in

the tweet, in response to which Agrawal mentioned the

penalties of the ballot shall be vital. “Please vote

fastidiously,” he tweeted.

April 4, 2022 In his first tweet because the disclosure of his stake in

Twitter, he mentioned, “Oh hello lol”

March 26, 2022 Musk mentioned Twitter failing to stick to free speech

rules basically undermines democracy and requested if

a brand new platform was wanted.

(Reporting by Akash Sriram, Eva Mathews, Chavi Mehta, Tiyashi Datta and Yuvraj

Malik in Bengaluru; Enhancing by Sriraj Kalluvila and Shounak Dasgupta)