Elon Musk jokes about buying Coke to 'return C**n' as investors worry about whether his Twitter feed will pass.
Elon Musk Says He'll Buy Coca-Cola Next
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Elon Musk jokes about buying Coke to 'return ' as investors worry about whether his Twitter feed will pass. Two days after Elon Musk's $ 44 billion bid to keep Twitter a private was approved by the board, Musk wrote sarcastically on Twitter, "Next I bought
Why Digital World Acquisition Was Surging Higher Again Today
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Digital World Acquisition (DWAC 9.17%) shares continue to rise on Wednesday, with the empty check company up 13.2% at 11:40 a.m. ET. The second consecutive day of double-digit stock profits follows the announcement that the Twitter board of directors (TWTR -1.96%) has agreed to Elon Musk's purchase proposal. Stoc...
Two days after Elon Musk's $ 44 billion bid to keep Twitter a private was approved by the board, Musk wrote sarcastically on Twitter, "Next I bought Coca-Cola to get back the
Musk then sent another photo of a fake tweet written by him, which read: "Now I'm going to buy a McDonald's and fix all the ice cream machines," quoting the picture "Listen, I can't do any miracles ok. ”
After promising $ 21 billion in equity and raising $ 25.5 billion in debt and loans, Musk has continued to use Twitter to portray his image as a billionaire who is not afraid to break the rules of a decent society. But as Musk talks about the tremendous power and impact it has on markets and corporations, investors on Twitter may not be on the same page.
Twitter shares currently traded at 11% below Musk's $ 54.20 gift price, a sharp decline in the contract that could see an antitrust reversal — indicating that investors may expect a contract collapse in its current structure.
Tesla shares fall by more than 25% since Musk began buying 10% of Twitter on April 4, with market observers fearing that Musk may not have enough money sitting to fund Twitter purchases and will sell Tesla shares to support this work. .
And if investor skepticism was not enough to convince Musk for a second acquisition - which would cost $ 1 billion to get out - Musk might have gotten a taste of what his "free speech" platform looks like after his tweet. vitriol is racist and sexual.
Troublesome tweets
A day after the SEC requested that Musk should refrain from sending derogatory tweets about Twitter and its agents until the purchase agreement was finalized, Musk sent a meme on Wednesday mocking the head of law, policy, and trust company, Vijaya Gadde.
Gadde, who was officially Jack Dorsey's right-hand man, has become the main driver of Twitter's new rules governing the content of its users. Gadde was behind the company's decision to block political advertisements, expel Donald Trump from the platform, and delete controversial COVID-19 tweets. The changes he made to Twitter have come to fruition in Silicon Valley, where Spotify suspended political ads two months after Twitter's performance and Reddit also ended hate speech.
But during the US 2020 election, there was an error in the Twitter poll, which Gadde faces. Twitter has criticized the New York Post article about Hunter Biden's laptop content, questioned the media and believes it may be part of a crackdown on Russian intelligence disinformation. The story later became a reality and was confirmed by many other news organizations.
"Setting up a Twitter account for a major news organization by publishing a true story was clearly inappropriate," Musk wrote in the YouTuber Saagar Edge on YouTuber on April 26, referring to but not naming Gadde. Musk was responding to Enjeti's post about the Politico case in which Twitter's "chief research attorney" reportedly cried during a meeting discussing Musk's discovery.
A day later, Musk wrote on Twitter a recollection of an imaginary conversation between Gadde and YouTube presenter Tim Pool about left-wing Twitter bias. The discussion revolves around the Joe Rogan Experience logo, which has also recently been criticized for spreading inaccurate information on COVID-19.
As soon as Musk posted the photo on Twitter, a series of racist and sexual comments were directed at India-born Gadde on the platform. Users have accused him of "destroying a lot of @ Twitter accounts for telling the truth." Many abusive tweets were later removed for violating Twitter rules.
Jason Goldman, a member of the founding team of Twitter Inc. and a former board member, he told, "You should never let a prospective company owner ignore your employees' decisions."
Goldman criticized Elon Musk's plan to relax speech barriers in the platform, adding that it "reveals a senseless, indifferent approach to content rating problems he will face."
