Business

Elon Musk set to complete Twitter deal, gives reason for purchase

The world’s richest man arrived at Twitter’s San Francisco offices on Wednesday ahead of a Friday deadline to complete the acquisition of the social media service.

Elon Musk claims that he is buying Twitter to “help humanity” as the billionaire set out his aims for taking over the social media platform.

In a tweet, Elon Musk said he didn’t buy the firm “to make more money. I did it to try to help humanity, whom I love”.

The entrepreneur has until Friday to complete a $44bn (£38bn) takeover of Twitter or risk going to trial.

The tweet addressed to Twitter’s advertisers states that he has “acquired” the firm.

However, there has been no official confirmation that the deal has been completed.

Earlier this week, Elon Musk published a video of himself walking into Twitter’s headquarters carrying a sink, raising speculation about his aims for the firm.

“Entering Twitter HQ – let that sink in!” Elon Musk wrote.

In business parlance, “kitchen sinking” means taking radical action at a company, though it is not clear if this was Elon Musk’s message – he also updated his Twitter bio to read “chief twit”.

In his latest tweet, Elon Musk set out some of his goals for the company, saying that Twitter must be “warm and welcoming for all”.

He wrote that he wanted “civilization to have a common digital town square” but he denies the platform will take an anything-goes approach.

“Twitter cannot become a free-for-all hellscape where anything can be said with no consequences!” He also said the platform must adhere to the laws of the land.

Elon Musk has said the social media site needs significant changes.

It was not clear whether Elon Musk met Twitter executives Wednesday when he made his trip with the sink but he listed his location as the Twitter headquarters in San Francisco on the social media platform.

However, everything we have seen today here in San Francisco would suggest that he will own Twitter in the coming days.
CONTINUE READING…

Do you have any information you wish to share with us? Do you want us to cover your event or programme? For Adverts or reports call/WhatsApp us on +2348072633727

Agency1

Recent Posts

Political parties get INEC’s access code Monday

THE Independent National Electoral Commission (INEC) has shifted the date for the release of the…

13 hours ago

NYFF Delegates Showcase Youth-led SDG at 6th African Youth Summit in Ghana

News Update It was an inspiring moment at the just concluded 6th African Youth SDGs…

15 hours ago

APC Chieftain Writes Governor Aiyedatiwa Over Marginalization, Imposition in Ilara Mokin Ward 1

A top All Progressives Congress, APC, chieftain in Ifedore Local Government has petitioned the Ondo…

1 day ago

NDC Vice Chairman, Assembly ‘Candidate’, Others Defect to APC

THE Nigeria Democratic Congress (NDC) in Bayelsa State has lost key members of the party…

1 day ago

Osun Councils Boost Security as ALGON Shares Remaining Operational Vehicles To Army, Police, Others

News Update As part of effort to fulfilling their promises, the Osun State council executives…

1 day ago

INEC Reacts To Court Judgment On NDC, Reveals Next Step

News Update THE Independent National Electoral Commission, INEC, has said it is yet to receive…

1 day ago