The way Twitter is owned by Elon Musk

The way Twitter is owned by Elon Musk

The incident of April 4. Twitter users woke up to find Elon and Elon Musk trending on Twitter today, the most talked about names. This is not because Elon Musk is the richest man in the world or the world-famous technology entrepreneur has announced the opening of a new company as a surprise. Elon Musk’s name was the most talked about name on Twitter that day, when he surprised everyone by announcing that he had bought a significant number of shares on Twitter.

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Musk, who bought more than 9 percent of Twitter’s shares, suddenly became the company’s biggest investor. As soon as the speculation started, how much influence would the microblogging social media have on Twitter? He also tweeted about various policy reforms and restructuring of Twitter. Musk received an offer to join Twitter’s board of directors the following week. But five days later he turned down the offer. This left Twitter’s management, staff, investors and people interested in Twitter in a quandary. They didn’t understand what Elon Musk’s plan was with Twitter.

On Monday, Elon Musk and Twitter announced that they had reached an agreement on the acquisition of Twitter. They hope to have a formal agreement by the end of the year and that much more can happen before then. NDTV has published a report on the purchase of shares of Musk and what has happened since then. It is highlighted for the reader.

January 31: Silent buying of shares begins

On January 31, Musk silently started buying Twitter shares. He bought more than 5 percent of Twitter shares by March 14. Elon Musk will then report the matter to the Securities and Exchange Commission, which is the rule. To put it bluntly, Twitter will make the purchase of shares public. But he failed to report the matter to the Securities and Exchange Commission within 10 days or did not want to. Because, if the news is published that Musk is buying shares of Twitter, the share price of Twitter will start rising. So he was buying cheap shares without telling about buying shares. But it’s the wrong approach, investors sued.

March 24: Criticism of Twitter by tweet

It is unknown at this time what he will do after leaving the post. Meanwhile, at the end of March, he started criticizing Twitter. On March 24, he tweeted that Twitter’s biased algorithm was having a big impact on people. Twitter’s algorithm should be open source.

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