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Showing posts with label International. Show all posts
Showing posts with label International. Show all posts

Tuesday, April 19, 2022

Amazon ordered to reinstate warehouse worker who was fired after protest

Amazon is facing legal consequences for its history of expelling protest participants. Reports that Judge Benjamin Green has ordered Amazon to reinstate warehouse employee Gerald Bryson, who was fired from his position at the JFK8 facility on Staten Island (recently voted for merger) after allegedly violating language policies during COVID security. -19. protest on April 6, 2020. Green sided with the National Labor Board's claim that Amazon had retaliated against Bryson in protest, and reportedly used a "perverted" investigation to find reasons to dismiss the job.



Bryson (pictured above) was protesting outside JFK8 and asked Amazon to close the repository for security reasons. He got into an argument with a female coworker who said she appreciated the work. Only Bryson was fired despite two trade scandals - the woman received a written warning. People interviewed by Amazon have provided versions of "one-sided, exaggerated" events, according to Green, which includes allegations of racial slurs that were not supported by video evidence. Amazon did not interview the person who recorded the video.


The judge also found that Amazon had previously issued simple penalties for serious offenses (such as violent use). The company also did not provide all the documents requested for the summons.


In a statement released by The Times, Amazon said it "strongly disagrees" with Green's decision and said the NLRB wants the company to "tolerate" Bryson's conduct. The technology giant plans to challenge the decision on the NLRB.


Amazon has repeatedly been accused of retaliating against employees who challenge its policies. Security protest leader Chris Smalls accused the company of firing him by highlighting the poor protection against COVID-19. Maren Costa and Emily Cunningham, on the other hand, were reportedly fired for being too critical of the Amazon climate and labor practices. Amazon said the workers were fired for violating the policy, but opponents disputed that.


Bryson's victory comes as Amazon faces a growing staffing crisis. In addition to the successful union vote in JFK8, the company faces re-election mergers at the Alabama warehouse and the upcoming second round of Staten Island. Employees are increasingly seeking better medical treatment, and the company's efforts to eliminate the opposition are not always successful.

Here's how much private equity firms could pay in Twitter bidding war with Elon Musk

Private equity may be set aside for additional donations to help break Twitter in the extended hand of millionaire Elon Musk.



A source familiar with the matter tells that Apollo Global Management (the parent company of Yahoo Finance) is analyzing options to provide potential subscribers with an agreement to keep Twitter private. The private equity powerhouse does not plan to buy Twitter directly, the source said.


"When it comes to private equity, we think $ 60 to $ 65 a bid is needed. That's $ 40 billion in equitable funding by check and $ 12 billion in debt to operate," Wells Fargo analyst Brian Fitzgerald told, referring to the amount of Twitter that can earn a good return on a private company.


Musk owns a 9.2% stake in Twitter, and offered to buy a social media platform for $ 54.20 a share last week. Musk believes the forum should not rely solely on advertising and better cool its content, among other original ideas from an unexpected perspective.


Fitzgerald believes that if the Twitter board could use Musk, it could find his price increased to "$ 50 high." But as expected, Twitter never welcomes a wealthy businessman.


Twitter has since developed a toxic pill to prevent Musk from getting more out of the company.


And now Wall Street is growing concerned that a war of attrition could hurt the sales of Twitter ads - and by increasing its ratings - in the future.


Veteran advertising veteran Sir Martin Sorrell believes Twitter has an important audience, and may not be overwhelmed by the war with Musk. But the outcome is far from certain.


"Yes, there are a few million followers on Twitter or Twitter users, average daily users. So an effective platform on a small scale. I doubt it will block it much in the short term. We'll see what happens," said S4 Capital founder.

Monday, April 18, 2022

Elon Musk says Twitter board will be paid nothing if he acquires the company

Elon Musk said on Monday if he gets Twitter, the board of directors will not be compensated.

"The board's salary will be $ 0 if my application is successful, so that's ~ $ 3M / year saved right there," Musk tweeted.




It is not yet clear who will be elected to the Twitter board of directors headed by Musk. According to a SEC submission, Twitter currently spends approximately $ 2.9 million on stock and stock articles for board members. Managers do not receive additional compensation for their positions, so payments to CEO Parag Agrawal and former CEO Jack Dorsey are not included.


The CEO of Tesla and SpaceX was in tears over Twitter. Musk tried to buy Twitter for $ 43 billion after owning more than 9% of the company's assets. In response, Twitter adopted a short-term shareholder rights program, called the “poison pill,” in an effort to avoid possible malicious acquisitions. Musk may be considering awarding tenders to Twitter shareholders to control the company.

A senior official urged that Twitter should be "transformed" into an independent organization in order to function as a platform for free speech. He also said the interests of Twitter board members "are not in line with shareholders," and that the board "probably has no shares" in the company.

Stock market news live updates: Stocks edge lower as earnings roll in

U.S. stocks plummeted Monday as investors return over the holiday weekend and prepare for another busy week of corporate earnings.



The S&P 500 has declined to defer its previous gains. Each Dow and Nasdaq also declined slightly. Treasury bears improved fruit, with an average yield of 10 years over 2.8%. The future of the crude oil interior of the U.S. West Texas rose and expanded last week's profits.


For equals investors, the pay season will remain stable this week as several major companies including United Airlines (UAL), American Express (AXP), Netflix (NFLX) and Tesla (TSLA) each report its latest quarterly results. This will follow a mixed salary of last week's big bank, with several companies including Morgan Stanley, JPMorgan Chase and Goldman Sachs leading the metrics while warning of impending uncertainty due to inflation and the ongoing Russia-Ukraine crisis.


To date, approximately 7% of the S&P 500 index components reported actual Q1 results and 77% of these have exceeded Wall Street earnings per share (EPS), equivalent to a five-year average, according to data. This week, the S&P 500's average wage growth rate stands at 5.1%. If maintained, this will mark the lowest growth rate index in the fourth quarter of 2020.


Some strategists also suggest that investors look at volatile growth during the quarterly reporting period, as companies face higher inflation levels over decades, supply chain challenges and global turmoil.


"I think we are in a difficult time leading the way, only because when people give direction [last quarter], the installation costs have been much worse than they expected," Rhys Williams, chief strategist at Spouting Rock Asset Management, told, Williams added that many companies last issued a directive before Russia invaded Ukraine in late February and also raised concerns about the supply of chains and global markets.


"So you have a further increase in costs. And then at the same time, the buyer got a little rockier in March. So I expect there to be a loss of revenue," Williams said. "That is probably a sign that there are going to be some very bad surprises, certainly a lot bigger compared to the last four or five quarters, when the salary news was very exciting."



9:31 a.m. ET: Shares are slowly opening up

Here is where the markets were trading just after opening the bell on Monday morning:




9:20 a.m. ET: Higher interest rates for Bank of America


The Bank of America (BAC) reported that earnings in the first quarter were higher than expected, and working in the major consumer banking sector helped boost results.


Consumer bank revenues for the first quarter grew by 9%, reaching $ 8.8 billion for the quarter ending March. In total, interest on expenditure on interest rates reached $ 23.23 billion, or in line with compliance rates, according to data. And interest rates increased by 13% to $ 11.6 billion, "supported by strong credit growth and deposit growth," chief financial officer Alastair Borthwick said in a statement.


Trade and trade revenue reached $ 4.7 billion, according to Bank of America, which, while falling 7% last year, exceeded $ 4.3 billion. Shares sales and trading revenues alone grew by 9.5% reaching a quarterly record of $ 2 billion.

Sunday, April 17, 2022

Elon Musk Has an Original Strategy to Take Control of Twitter

The billionaire has filed a $ 43 billion bid to buy a microblogging website but is facing board opposition.



2017, 2018 AND 2019, VERY BAD YEARS ON TESLA'S (TSLA) - MANY PEOPLE ARE SINGING THE CONTRIBUTION TO THE ELECTRICITY VEHICLE SYSTEM.


"2017, '18, AND 19 WAS THREE YEARS OLD, IT WAS A LONG TIME TO EAT THE PAIN THAT WAS SAFE IN MY LIFE. THERE'S NO OTHER WAY, AND WE HAVE NEVER DONE IT WELL. FOR TED TALK.


BUT MUSK CONTINUED TO BELIEVE AS TESLA STRUGGLES TO MAKE MASS-PRODUCING MODERN 3, ITS QUALITY OF ENTRY WHICH ALLOW IT TO ALLOW IT TO SELL MORE NUMBER OF PEOPLE OVER MORE. NEWS RELEASES SHOW THAT MUSK ATTACKED HIS TESLA ACTORS IN ORDER TO GET TASLA ACTION BANKING.


THREE YEARS LATER, TESLA RULES THE VEHICLE MARKET AND IS EXPECTED TO RELEASE 1.42 MIGRATION VEHICLES IN 2022, ACCORDING TO PHYSICAL RESOURCES. THREE GROUP ALSO MAKE A PROFIT AND WE HAVE 1.01 RETAIL MARKET PAYMENTS. THE WAY WE WENT, FROM NEAREST COMPANY TO ONE OF THE LARGEST COMPANIES IN THE WORLD ACCORDING TO THE MARKET CAP.


REGULAR VS SECRET MEETINGS

CURRENTLY, THE SERAL BUSINESS FINDS HIMSELF IN A DIFFICULT STATE WHERE THE OPPORTUNITIES OF VICTORY ARE VERY GOOD, according to experts.


ELON MUSK PRESENTS $ 43 BILLION ON APRIL 14 AT $ 54.20 EVERY SHARE TO TWITTER (TWTR) -WHICH BECAME THE GREATEST BAD AT APRIL 4%. He later harassed an agreement with the party in which he offered himself that he would not buy more than 14.9% of TWITTER UNTIL 2024 IN TURN IN THE BOARD.


BUT IMMEDIATELY ON APRIL 9, THE DAY WHICH WAS HIS FIRST BOARD MEETING AS A BOARD MEMBER, MUSK ANNOUNCED THAT HE WAS ALREADY IN HOLDING THIS AGREEMENT. FIVE DAYS AGO, HE LEGALLY DETERMINED HIS COLLECTION DEDICATION. SINCE THEN THE BOARD REPRESENTED A "TOXIC PILL", A TYPE OF BUSINESS RIGHTS TO MAKE A MILITARY BID.


THE SYSTEM WORKS IF THE GROUP RECEIVES 15% OF STOCK WITHOUT PREPARATION AND AIMS TO MAKE SURE ANY TWITTER MANAGER OPEN MARKET PAID ALL BUSINESSMEN THE RIGHT MONEY.

Elon Musk doesn't give up. 

It has always been like this.


FACED WITH THIS INTERNAL OPPOSITION, MUSK APPEARS TO HAVE LAUNCHED A PUBLIC CAMPAIGN IN THE INTERNAL COURT TO WIN A PUBLIC VIEW ON HIS REQUEST.


CERTAINLY, THE FUTURE OF TWITTER WILL END ON TWITTER. WHY IT DOES, MUSK COMPARES TWO PICTURES. THAT'S WHAT HAPPENS - HE'S REALLY - PLAYING ALL HIS CARDS ON THE TABLE WITH THIS SYSTEM STARTING WITH SECRET MEETINGS.


ACTUALLY, WHILE THE BOARD OF TWITTER DIRECTORS HOLD MEETINGS AFTER CLOSED DOCUMENTS TO DISCUSS MUSK, TECH TYCOON REQUESTS USERS OF THE NETWORK SOCIAL BABY ANNOUNDABIAN NEL.


"I MADE A DONATION," THE BIBLE SAID ON APRIL 14, WITH A FINANCIAL STATEMENT INFORMATION FOR ALL DETAILS. EACH USER CAN CONTACT THE SUBSCRIBE QUESTION AND BUILD HIS OPINION WHETHER WRONG OR NOT.


As usual, MUSK THEN HOLDED A POLLUTION TO PUT A COMMUNITY CAMPAIGN ON THE BOARD.


"TAKING A TWITTER PRIVATE FOR $ 54.20 SHOULD BE FOR ADVISORS, NOT BOARD," he asked.


Musk Plays The People vs The System

Nearly 3 million Twitter users voted and most of them said yes, which is exactly what Musk wants. The richest man in the world was determined to respond to Twitter users' comments about the current war against his superiors and the board of directors.


"Elon Musk is in a bad mood," one of the users wrote on April 16. "I'm not sure you're ready to take a few PhDs, a few MBAs, and a Baroness using Twitter once a year (resetting their PhD .. passwords) and by the company's 77 shareholders, "added a photo with the names of Twitter board members.

"Wow, with Jack departing, the Twitter board collectively owns almost no shares!" Musk responded, referring to Jack Dorsey, the founder and former CEO who left in November. Musk and Dorsey seem to be friends.

"Objectively, their economic interests are simply not aligned with shareholders," Musk added.

"In fairness to the Twitter board, this might be more of a concern about other potential bidders vs just me," Musk said.

The Bitcoin Archive account has organized a poll to ask users if they want Elon Musk to buy Twitter. It is important to note that Musk is a supporter of bitcoin.

"Thanks for the support!" the billionaire responded.

He himself commented on his tweets with an upside-down emoji.

Saturday, April 16, 2022

Would Musk Allow Trump Back on Twitter? The Changes Ahead if He Wins Control.

Elon Musk wants to allow anyone to say anything on Twitter if he succeeds in buying a social media platform.




What that paradise of free speech would be like — and who would want to live there — is another question.


"If his response is, 'If it is legitimate, it will always be so,' whatever he builds will be uncontrollable and will not be useful to most users," said Matthew Feeney, director of Project on Emerging Technologies in Cato. Institute, a think tank that fights for freedom.


Hours after Musk announced his promise to pay $ 54.20 a share in a deal that would include Twitter under his personal ownership, a Tesla chief executive said during an interview at a TED conference in Vancouver on Thursday that he intended to restore Twitter "as a free forum."


"Twitter has become a city square, so it is very important that both people have the truth and the idea that they can speak freely, within the confines of the law," he said.


His view would contradict the recent actions of  Twitter and other popular social networking sites, including Meta Platforms' Facebook, so that police can raid their sites on charges of cyberbullying, unauthorized information, and other offensive language.


Twitter attaches warning labels to tweets that contain misleading information about the coronavirus vaccine and suspends content from official Russian government accounts in favor of timelines, notices or elsewhere on the site as the country leads the war in Ukraine.


After Donald Trump used Twitter to plant doubts about the legitimacy of his election defeat in the days surrounding January 6, 2021, a mob attack on a U.S. building. The Capitol, the former president, was permanently dismissed from the podium.


Musk, a full-time and sometimes controversial tweeter writer, seems to want to take the site to another laissez-faire case.


"My strong point is that having a more responsible and more inclusive public forum is crucial to the future of this civilization," Musk said at a TED conference.


For some — especially those on the left side of politics — that would be an unacceptable development.


"In the worst case scenario, that Elon Musk successfully transformed Twitter into a free-to-speak platform would be a major disaster for the information system," said Jesse Lehrich, founder of the Accountable Tech representative group. .


Reducing guidelines on what users can and cannot send will encourage lies, propaganda and hate speech to spread among hundreds of millions of Twitter users, many of whom rely on the platform as a major source of news and information, Lehrich said.


At the time, it was certain that Trump would be invited to return to the site if Musk became its owner, Lehrich said.


Trump, meanwhile, said in an interview with Americano Media broadcast Wednesday - after Musk revealed he had 9.2% stake in the company, but before saying he planned to acquire the company altogether - he said he "probably will not have. Interest" to return to the platform.


If Trump returns to Twitter, it will open the way for Facebook and Alphabet's YouTube to remove the former black president from the list of blacks he was arrested for in the days surrounding the January 2021 uprising, Lehrich said.


"I do not think it is easy to say that that would change the outcome of the 2024 election," he said. “This could be nothing at all. It can also have a big effect. ”


However, that level of influence will depend on whether Twitter is able to maintain — and grow — its existing user base under a new, free government, which some do not see as a guarantee.


"It's one thing to say that Donald Trump should be online. Far be it from video cuts and animals being crushed to death," said Cato's Feeney.


Phil Napoli, director of the DeWitt Wallace Center for Media and Democracy at Duke University, said there are already online corners that offer free speech, but it seems to draw a lot of users.


Parler's Court imposed a number of restrictions on its post, but failed to attract a large portion of the communications market, while Trump's proposed Truth Social Forum appeared to be struggling to get out, Napoli said.


"When these areas try to use this kind of freedom platform, it works faster and it is not clear whether that is the way to growth or sustainability," he said.


However, Napoli said, "Elon Musk may be in a situation where it is something he can support and lose if it is something he feels very much about."


Indeed, Musk, the richest man in the world, said at a TED conference that he was "not interested in the economy at all" about his Twitter application.


"This is not a way to make money," he said.

Why The Ukraine War hasn't Crashed Stock Market

To summarize JP Morgan's banking advice Jamie Dimon to investors and analysts this week, everything looks pretty good except for the fact that something really bad may happen.




The stock market, so far, has regained its pattern from previous wars: selling rumors, buying news. The S&P 500 fell sharply on February 23, the day before the Russian offensive. It went up by 167 points from there.

The Canadian Treasurer made headlines by advising his investors to continue buying stocks because in the endless nuclear war the allocation of their portfolio would not work. Looking back and trying to explain the estimated 7% decline in the Cuban missile disaster, economists get the same explanation: There is no need to diminish the worst outcome because no one will benefit from a wise investment decision.

Fritz Todt, the founder of the autobahn, told Hitler in November 1941 that war was invincible and should be ended politically. Hitler replied: "I do not yet see the end of politics."

Führer was speaking his book. Negotiated conclusions remain on the cards, as can now be Vladimir Putin. Germany had no “existing” danger. Even under very strict conditions — unconditional devotion — Germany survived and soon was on the verge of becoming Europe's leading country. under any possible solution, he would have to relinquish his power and accept responsibility for his actions.

Mr. Putin, surprisingly briefly, has turned his Ukrainian lark into the same danger not to Russia but to Mr. Hence the increase in recent speeches. RIA Novosti, Moscow's official news service, issued a grim call for the dissolution of Ukraine. Sergey Karaganov, Putin's leading think tank, told a Western diplomat, "The numbers of Russian officials are very high - for them it is a war," and gave a hailstorm in a situation where nuclear threats made the U.S. NATO.



I started quoting Hitler-Todt's episode in this column in 2014, expecting Mr. Putin to bring the world to the present. It is hard to imagine him now putting on his weapons of mass destruction, especially his brilliant nuclear war, and wondering if they could offer a way out of his predicament — the concerns expressed this week by CIA Director William Burns.


There is only one answer that seems to fit this situation: a clear sign to Mr. With the end of the war now raging in eastern Ukraine, the open space is well suited for this air campaign.


The idea of ​​saving his army to fight one day would be hard for Mr. Putin to ignore if he hoped to stay in his job. Seven weeks of war have also been a relief: He and his comrades have had the opportunity to wrap their heads around a possible defeat. For colleagues, moreover, the simple decision is not to see everything they value being destroyed because of a man they already hate.


Somehow, the U.S. they may find themselves approaching the scene of an argument and its end. Germany and others are resisting Mr. Putin's significant reduction in power dollars not just out of concern for their economy; they do not wish for the dangers and uncertainties that come with making Mr. Putin in Moscow is totally unacceptable. Perhaps Mr. Biden's advisers, with the exception of a few soldiers, agree. And if there is anything that can make Xi Jinping of China move away and work with the US and Europe in Ukraine, it will be a wish not to see Mr.


Only Ukrainians, who have experience of living in Russia and see it as a means to acknowledge the massacre, which is a word that may be true and strengthen the spine. Recently recalled were JFK's remarks about the need to leave Khrushchev on the way out. In Mr. Putin's case, the advice is too late. Through his mistakes and wrong calculations, his survival is now in his hands; he left nothing to his colleagues to work on. The extravagance of Joe Biden's speech is alleged to have been all that - calling Mr. Putin is a war criminal, referring to the massacre (not the absurd interpretation of Russia's latest speech), which Mr.


My guess is that these drop-out statements come out for a reason — because they agreed after hours of White House talks that Mr. Putin is probably more than saving regardless of the U.S.

Friday, April 15, 2022

Stock Market Holidays 2022: Is The Stock Market Open On Good Friday?

Check out this stock market holiday list for 2022 to find out if the market will open on days like Veterans' Day, Christmas Eve and others.




What Are the Holidays in the Market?

The so-called market holiday is any day other than a weekend when the New York Stock Exchange, Nasdaq, or bond markets close on that day. Usually, that holiday is similar to Thanksgiving or Christmas.


On some holidays, or days around it, stock markets remain open, while bond markets remain closed or closed early. At one time, markets were closed on national mourning days, as did the New York Stock Exchange and Nasdaq in honor of the late president George H.W. Bush in 2018.


If a given holiday occurs on a Saturday, the Friday before it is a stock market holiday. Similarly, markets usually close the following Monday when the holiday season arrives on Sunday.


Regular hours on the New York Stock Exchange and Nasdaq depart from 9:30 a.m. to 4 p.m. ET from Monday to Friday. Markets are closed on weekends.


Full Stock Market Holidays 2022

The following are the stock market holidays in 2022 when the NYSE, Nasdaq and bond markets are all fully closed:

  • Monday, Jan. 17 — Martin Luther King Jr. Day
  • Monday, Feb. 21 — Presidents' Day
  • Friday, April 15 — Good Friday
  • Monday, May 30 — Memorial Day
  • Monday, June 20 — Observance of Juneteenth, as June 19 is a Sunday
  • Monday, July 4 — Independence Day
  • Monday, Sept. 5 — Labor Day
  • Thursday, Nov. 24 — Thanksgiving Day
  • Monday, Dec. 26 — Observance of Christmas Day, which occurs on a Sunday

Below, we run down the partial market closures for 2022.


Is The Stock Market Open On New Year's Day 2022?

New Year's Day 2022 falls on a Saturday. The stock market will not observe the holiday, either with closure or limited hours.

The bond markets close early, at 2 p.m., on Friday, Dec. 31, 2021. Stock markets will be open on that day.


Is The Stock Market Open The Thursday Before Good Friday?

The stock market holds regular hours on April 14, the date on which Maundy Thursday falls in 2022. Bond markets close early, at 2 p.m.


Is The Stock Market Open The Friday Before Memorial Day?

The stock market is open on the Friday before Memorial Day. But the bond markets close early, at 2 p.m.


Is The Stock Market Open On July 1?

It is. But the bond markets shut down at 2 p.m.


Is The Stock Market Open On Columbus Day?

Yes. The NYSE and the Nasdaq are open on Columbus Day, which in 2022 lands on Monday, Oct. 10.

As for the bond markets? Closed that day.


Is The Stock Market Open On Veterans Day?

Similarly, bond traders also have off for Veterans Day, which in 2022 takes place on Friday, Nov. 11. But the NYSE and the Nasdaq will hold regular hours.


Black Friday?

The stock markets close early, at 1 p.m., on Black Friday, the day after Thanksgiving. Black Friday in 2022 lands on Nov. 25. The bond markets close early, at 2 p.m.


The Day Before Christmas Eve?

Dec. 23 takes place on Friday in 2022. The NYSE and Nasdaq will be fully open. Bond markets close at 2 p.m.


Is The Stock Market Open New Year's Eve?

New Year's Eve falls on a Saturday in 2022.

The bond market closes early, at 2 p.m., on Friday, Dec. 30.

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Thursday, April 14, 2022

Elon Musk Offer To Buy Twitter for $41Billion: Tesla CEO Offers $54.20 a Share

The Twitter affair with Elon Musk is far from over - Musk has promised to buy Twitter, revealed by the U.S. Securities and Exchange Commission.





The millionaire said he was willing to pay $ 54.20 per share to buy 100% of the company. It could be a total donation that costs the social media platform $ 43.4 billion.


"I have invested in Twitter as I believe in its ability to be a forum for free speech in the world, and I believe that free speech is essential for society to function effectively," Elon Musk wrote in an email to Bret Taylor, Twitter chairman. board (and chief executive of Salesforce). The email has been redesigned for today's SEC completion. "However, since I made my investment now I can see that the company will not succeed or use this public service the way it is now. Twitter needs to be transformed as an independent company."


"For this reason, I promise to buy 100% of Twitter for $ 54.20 per share, 54% premium the day before I start investing on Twitter and 38% premium the day before my investment "The offer is my best and last gift and if it is not accepted, I will have to reconsider my position as a shareholder," he added.


In pre-market trading, Twitter shares are priced at $ 50.97 per share, an increase of 11.97% from yesterday's closing price. Twitter shares were trading below $ 54.20 as of November 4, 2021. In October, Twitter shares were higher than $ 60.


On April 4, Twitter confirmed that Musk had acquired a significant role on social media. By buying a 9.2% stake in the company, Musk became the largest shareholder in Twitter.


The next day, Twitter announced that a businessman best known for his work at Tesla and SpaceX would join the board of directors. As a board member, Musk would not be allowed to own more than 14.9% of the company.


But Twitter CEO Parag Agrawal later announced a major overhaul; Musk told the company he would not join the board. Since then, there has been a lot of speculation about Musk's next move.


Many people thought that a millionaire would take over the reins of government. Musk is the richest man in the world, it is currently costing $ 273.6 billion. Buying Twitter would be a huge investment for Musk, but it is possible.


Musk shared a link to the SEC's inclusion in his Twitter account. "I made a promise," he said. Twitter released a statement confirming Musk's request and said his board would "carefully consider it".


"[Twitter] today confirmed it has received an unsolicited, non-binding proposal from Elon Musk to acquire all of the Company's outstanding common stock for $54.20 per share in cash.

The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders."


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