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Elon Musk turns around and offers to buy Twitter again

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Elon Musk turns around and offers to buy Twitter again, Magnate Daily
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Steph Deschamps / October 5, 2022

U.S. multi-billionaire Elon Musk has finally offered to buy the social network from Twitter at the price agreed in April, two weeks before the expected trial between the two parties on this eventful acquisition.
 
The Tesla boss “intends to complete the transaction contemplated by the purchase agreement of April 25, 2022”, according to the terms, wrote his lawyers in a letter addressed to the Californian group on Monday, and filed Tuesday with the U.S. securities regulator, the SEC.
 
The only condition expressed in the letter: the end of legal proceedings pending before the specialized court of Delaware.
 
Twitter’s stock rose more than 22% on the New York Stock Exchange. It had previously been suspended all afternoon “pending information”, after an article from the agency Bloomberg revealing this rebound.
 
Elon Musk had proposed in the spring to acquire the platform for $54.20 per share, valuing it at $44 billion. The board of directors of the social network, initially very reluctant, had finally accepted.
 
The contractor had unilaterally reneged on this agreement in July. The group with the blue bird had then launched a lawsuit to force him to honor his commitment, and everything indicated that he was well positioned to win.
 
Tuesday, the group confirmed in a brief statement “having received the letter” and having the intention “to conclude this transaction” at the defined price.
 
Elon Musk had bombarded Twitter with criticism before and after the signing of the contract, accusing the platform of censoring users.
 
He had justified his backtracking by saying that the proportion of automated accounts on the platform was well above the 5%, the figure put forward by the company of San Francisco.
 
Faced with Twitter’s complaint, the president of the specialized court of Delaware that had to deal with the case granted the company a quick trial, while Elon Musk wanted to wait until next year and asked for astronomical amounts of data.
 
The trial was supposed to take place from October 17 to 21, but it will not take place if Twitter accepts this new offer.

Chris TDL Organizations is a Multinational parent managing company or multiple marketing and brand management entities.

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Apple would work on a new Mac with touch screen.

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Apple would work on a new Mac with touch screen., Magnate Daily
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Steph Deschamps / January 13, 2023

Apple is considering giving its Mac computers a touchscreen, Bloomberg news agency reported Wednesday.
 
This would be a major turning point for the company, as co-founder Steve Jobs once said that the technology was “ergonomically terrible”.
 
Bloomberg has learned from a good source that engineers at the American company are actively working on the project, a sign that touchscreen Macs are being seriously considered. However, this has not yet been confirmed. Apple has refrained from commenting.
 
Apple has been saying for more than a decade that a touchscreen is not suitable for laptops and that an iPad is a better option for those who want to have this technology. An opinion that Apple’s competitors don’t necessarily share, as many of them have launched touchscreen computers.

 

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Nearly 100 Starlink internet terminals active in Iran, according to Elon Musk

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Nearly 100 Starlink internet terminals active in Iran, according to Elon Musk, Magnate Daily
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Steph Deschamps / December 27, 2022

Nearly a hundred Internet terminals of the Starlink network are active in Iran, said Monday the boss of SpaceX Elon Musk.
 
The American billionaire had promised in September to deploy the Starlink satellite network in Iran at a time when Iranian authorities are increasingly restricting access to the Internet.
 
Soon 100 active Starlinks in Iran,” Musk tweeted Monday.
 
Starlink has a network of more than 2,000 small satellites in low orbit above the earth, which can provide internet access. Ground terminals are then connected to routers that generate wifi and thus internet access.
 
Since the beginning of the war in Ukraine, SpaceX has delivered thousands of terminals to provide internet access. Some 25,000 terminals have been deployed in the country to date.
 
Protests have been shaking Iran since the September 16 death of Mahsa Amini, a 22-year-old Iranian Kurdish woman, after she was arrested in Tehran by police. Since then, hundreds have been killed, thousands arrested and two 23-year-old men hanged.
 
Iranian authorities have since restricted access to Instagram and WhatsApp — until this fall the only social networks still available — and to VPNs, which Iranians use to access banned sites.
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Elon Musk announces he will step down as head of Twitter

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Elon Musk announces he will step down as head of Twitter, Magnate Daily
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Steph Deschamps / December 22, 2022

Musk announced Tuesday on Twitter his intention to leave the head of the social network once he has “found someone crazy enough” to replace him, explaining that he will then focus on the “software and server teams.
 
The owner of the microblogging platform was reacting to the result of the poll that he himself had initiated on Monday on Twitter, asking whether he should step down as head of the company or not, with 57% of the 17 million voters having answered in the affirmative.
 
If he had initially stated that he would comply with the result of his poll, Mr. Musk had sent in recent hours rather contradictory signals, seeming at first to believe that the result had been distorted by the vote of bots.
 
Less than eight weeks after its takeover of the social network for $44 billion, Twitter does not see the storm subsiding. The company is on the verge of a financial collapse having lost a number of advertisers in the face of the risk that the billionaire’s desire to reduce content moderation represents for brands.
 
Earlier in the day, Elon Musk had retweeted the result of an opinion survey conducted by the HarrisX institute, among its own sample of users of the platform, and which gave 61% of respondents in favor of his retention as CEO.
 
“Interestingly, this seems to suggest that we have a slight problem of bots on Twitter,” said the owner of the platform in response to the tweet of the institute presenting the results.
 
A comment that came after Elon Musk approved another tweet suggesting that his survey had been victimized by bots. He also said that any new poll would now be reserved for paying Twitter users.
 
In the past, the businessman had already relied on polls to support debatable decisions, such as the reactivation of the account of former U.S. President Donald Trump, as well as other users who were suspended.
 
The result of its latest poll initially led to a rise in the share of Tesla, whose investors are increasingly critical of the attention given to Twitter since the acquisition, to the detriment of the car manufacturer, they believe.
 
Several U.S. media had assured that Elon Musk was looking for a replacement, citing anonymous sources, an information that the owner of Twitter had then rejected by a simple mocking emoticon on the social network.
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