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Wednesday, April 27, 2022

Repost: Elon Musk Buys Twitter for $44B

Image courtesy of Instagram: elonmusk

Source: www.gsmarena.com

Last week Elon Musk announced his bid to fully acquire Twitter and take it off the stock market, and initially it seemed like the company would politely (or not so politely) decline. However, a few days later it appears as it did some more thinking and today it officially announced that it's accepting Musk's bid.

This means that Twitter has now "entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk", according to the company's press release. The price is $54.20 per share in cash (which means not shares in SEC-speak, and not actual cash, by the way). Thus the total value of the transaction is approximately $44 billion. Upon completion (which could take months because of all the regulatory scrutiny it's bound to come across), Twitter will become a privately held company and will no longer have its shares traded on any stock exchange.

This was Musk's initial plan after all, and it looks like it's all coming together quite nicely for him. The price per stock he's paying represents a 38% premium over Twitter's closing stock price when its shares were last traded.

"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated", Musk said. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it", he continued.

Musk has secured $25.5 billion of "fully committed debt and margin loan financing" and is using about $21 billion of his own equity on top of that to finance the purchase.

99 comments:

  1. Omgee. Si Papi Elon, so mega ultra rich talaga! Pero ano kaya tunay na motive nya sa pagbili sa Twitter?

    ReplyDelete
    Replies
    1. More money obviously

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    2. His already the richest man in the world 5:50. Twitter is one the most influential social networks so maybe his purpose is deeper than money.

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    3. Freedom of speech ang habol niya. So yung mga banned sa twitter pwede na bumalik, ie. Trump.

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    4. Para ibenta kay Trump

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    5. He is known for innovation. Twitter is getting old.

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    6. 1:09 misinformation naman pinagkakalat ni trump

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    7. I saw his tweet.. he said na he want freedom of speech so binili nya twitter. Twitter naman sell it kasi kapag hindi mag ppull out mga investors at malulugi sila.

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    8. 10:20 kaya nga nakakainis. Freedom of speech nga perp puro bs naman.

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    9. 10:20 kaya nga nakakainis. Freedom of speech nga perp puro bs naman.

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    10. Oks lang yan... the power of aocial media lies with its user base. Kung ayaw nyo, leave! May mga artista na gumagawa na nun. Less celebrities and influencers, less users, goodbye social media platform.

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    11. Just another investment.

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    12. Di nyo lang alam ang importance ng free speech sa America. Kaya nga sya ang number 1 sa bill of rights. Ang dami nang personalities ang banned sa Twitter just for saying things na against sa leftist ideology. You get banned for saying hydrochloroquine can help with covid pero yung radical Islamists na nagti-tweet ng violence against americans, di nila bina-ban.

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  2. wla mgawa si Elon sa pera nya... Bigay mo nlng skn..Haha

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  3. Parang barya lang sa kanya yung $44B. Sanaol talaga.

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  4. Nakakaloka ang hirap nga naman tanggihan ng $44 BILLION!

    i remember marck Zuckerberg bought Instagram for just $1 BILLION!
    Shocks

    ReplyDelete
  5. Twitter is now a private company
    Wala pa ako ma search about the implications
    May account ako jan pero no activity
    Nagpa follow lang ako mga alter accounts! Hahaha wag naman sana alisin yung mga GANERN na content
    Parang sa Tumblr before inalis yung mga ganun na dead ang Tumblr hahaha

    ReplyDelete
    Replies
    1. 5:56 hahahahha almost same. Private acct na pangfollow sa mga alters and other shenanigans. Nakaanon din and no one from my acquintances knows. Pangpasttime lng if mag isa hahhahah

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    2. Ummm.. eversince naman private company twitter?

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    3. No! Twitter is uhh a perfect company..

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    4. Anon 9:30 Twitter is publicly traded company. Elon's plan of making it private means delisting it from all stock exchange so he can have private ownership of it.

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    5. 9:38 nope kaya nga may public offerings e

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    6. 9:38 nope, it was publicly shared sa stock market

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    7. 9:38 binasa mo ba yung article sa taas?

      And I quote:

      Upon completion (which could take months because of all the regulatory scrutiny it's bound to come across), Twitter will become a privately held company and will no longer have its shares traded on any stock exchange.

      This was Musk's initial plan after all, and it looks like it's all coming together quite nicely for him. The price per stock he's paying represents a 38% premium over Twitter's closing stock price when its shares were last traded.

      Delete
    8. Publicly listed ang Twitter.

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    9. Mas marami pala talaga alter sa Twitter kaya ayun kahit ano pa-trend waley.

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    10. 1:12 pinagsasabi mo jan, mga fina follow mga X RATED ACCOUNTS OK? wala kami pake sa politics no ! L ang habol namin

      Delete
  6. Yung sa world hunger mas mura ang amount wala pa pang na send sa kanya ang who kung paano ma end ang world hunger, willing daw sya mag donate basta may enumeration kung paano gagamitin ang pera to end world hunger

    ReplyDelete
    Replies
    1. Nagbigay na sila ng amount which is 6 Billion, and ways of how they would enforce it kaya lang Elon Musk changed his mind and won't do it anymore. Mas pinili bilhin ang Twitter.

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    2. Kahit walang explanation, nagdodonate naman talaga yang si Elon. Maraming tinutulungan yan.

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    3. 5:58 binigyan na sya ng enumeration…then he bought twitter instead lol

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    4. He can do whatever he wants with his money. He works 18 hours a day sa mga innovations niya. Hindi madali iyon.

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    5. He didn't believe the so called explanation. Guess he found out about the massive corruption from the org

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  7. Ano ba yan, nakatulog kasi ako kaya naunahan ako bilhinπŸ˜‚πŸ˜‚

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  8. I believe this guy has a big plan for Twitter, very rich and a wise man.

    He should develop Twitter to overthrow FB against its controversial political fakery and social irregularities operation.

    ReplyDelete
    Replies
    1. Lol, Twitter is even more faker. Kaloka ka.

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    2. Mas fake ang Twitter. Kya nga goal nya linisin ito.

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  9. I LOVE his mission. I'm not an engineer so i wonder how this strategy is going to be executed. A modified algorithm that identifies authentic from a fake info and authenticating all users. Ambitious BUT he's a genius so.. I'm so excited to see how this is going to unfold..

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    Replies
    1. 11:10 it could be dangerous for only one man to own one of the world’s biggest social media platforms. He can control the media’s narrative if he wants. Someone brought up freedom of speech, but if there are no limitations or fact checking, misinformation can widely spread faster and people who are extremists have open access to incite violence, etc.

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    2. 4:23 the Liberal US media is the one doing the controlling the narrative to push their agenda and if you go against them they will silenced you and suspend your account. Look at the meltdown they are having now while the more open Australian and British news outlet are cheering for Elon! Even the creator of Twitter in an interview he is the one pushing for the sale of Twitter to Elon and the liberal employees at the SF headquarters are the one crying.

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    3. Australian and British media are more open? Most Aussie channels are Liberal leaning.

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    4. 10:09 of course the owner of twitter will push for the sale. He is walking away with BILLIONS

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  10. Just because you could doesn’t mean you should. But it’s a done deal so…good luck na lang.

    ReplyDelete
    Replies
    1. 6:29 one person shouldn’t
      Own the largest socmed in the world, so kaya nga good luck na lang

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    2. 11:32, mukang di bagay sa situation yang quote mo lalo kung may purpose naman yung ginawa niya.

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    3. 3:20 sana hindi maging mas chaotic pa ang twitter world

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    4. 1:08, shouldn't is different from couldn't . He can afford it so he can.

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  11. Freedom of speech is back!

    ReplyDelete
    Replies
    1. 11:37 hmmmm maybe the exact opposite

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    2. Hahahahaha, nonsense. More like lies, fake news, bullying and hate. Gets mo baks.

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    3. Freedom of speech is not absolute. Twitter is all about propaganda and hateful comments.

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    4. 12:37 that’s exactly what the woke and snowflakes say. Hehe

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    5. 8:43 it’s not about being woke or being a snowflake. It’s all about accountability and fact checking before you spew nonsense on twitter. πŸ™„

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    6. Uy may nahurt @12:17 Defend lang besh, woke ka pa din.

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    7. 3:19 anong problema mo sa woke? Better than uto uto

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    8. 5:10 mga wokes nga yung uto uto eh

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    9. 5:10, ang ibig sabihin kapag sinabihan ka na woke ka ay puro pagmamagaling ka lang pero wala namang alam sa real world experience.

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    10. 5:10 Girl! Nahiya ako para sayo. At pinagmalaki mo pang woke ka kesa uto uto. Di ka ata aware na pinagtatawanan ang mga kagaya mo.

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    11. 9:53 parang gawa gawa lang yung “woke” na pangalan to bash people na hindi kaparehas ng viewpoint mo. Very grade school name calling.

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    12. 11:58 woke: aware of and actively attentive to important facts and issues (especially issues of racial and social justice)

      Yeah, nakakahiya nga according to you

      Delete
  12. nabawasan na yung more than 300billion dollars na kayamanan nya

    ReplyDelete
    Replies
    1. Lol. Not really. This is what you call investment. Lalaki lalo yung net worth nya in the future

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    2. He's not just buying the company. He's buying your information. More than $44B ang worth ng data sa Twitter. Watch what he does with your info.

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    3. 3:11 not much private info to mine on Twitter..it's mostly bite sized opinions.

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    4. But 3:11 is correct 12:18. They don't give a crap about the blurbs people post on there. You enter personal info when you sign up on any social media platform, and data about you accumulates through the posts you like, the people you follow, the info you search, and the posts you interact with. I'm guessing that's what musk is interested in.

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  13. Nagsend ang UN’s WFP, not WHO, ng outline pero dedma, inuna pa bilhin ang Twitter. Kaloka

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    Replies
    1. Pera naman niya iyon. Plus, marami diyang donations sa kung saan-saan. Malay natin baka meron din doon.

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    2. It’s his money, let him do whatever he wants with his money

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    3. Severely corrupted kasi ang orgs na yan

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    4. Willing naman daw siya magdonate to solve world hunger pero kailangan niya ng detailed proposal kung saan pupunta bawat sentimo ng pera niya to solve world hunger. Puro generic at vague proposals lang binigay.

      Delete
  14. 1137 hindi naman nawala. Twitter moderates for abusive and hate speech. no such thing as absolute freedom of speech lalo na kasi pwedeng kasuhan kung off ang sinasabi or sinusulat mo.

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  15. Wow! Love papi Elon!

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  16. panu na mga alter beksπŸ˜‚πŸ€£πŸ˜‚πŸ€£

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  17. Waste of good money. Useless and toxic nonsense. Garbash.

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  18. Papa elon wag mo naman sana i pa ban yung mga alter accounts hahahah nag e enjoy ako jan e

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  19. This guy is too flashy... I prefer the other billionaires.

    ReplyDelete
    Replies
    1. Bill Gates yes but no to MZ kasi inubos ng bilhin ang Hawaii while Bezos yung wife mas malaki pa ang donation kesa sa kanya na ilang taon na syang bilyonaryo. Lol, still at least Musk is doing something worthwhile with his money.

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    2. 5:00 agree ako kay MZ yung mga original locals ng hawaii hi hirap makabili ng house ang daming homeless now sa hawaii yung ang liit na bahay sobrang mahal properties pinagbibili ng mga mayayaman

      Delete
  20. paano na ang mga alter sa twitter haha

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    Replies
    1. Lol he'll definitely take your info and use it.I mean I guess ganun naman na ang nangyayari sa social media.

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  21. binili nya twitter para ma lagyan ng edit button

    ReplyDelete
  22. Jusko tito elon, pagalawin mo naman ung doge... aba'y ngspot trading lang ako, di nako nakaalis, investor na ko ngayon. Pwersahan nga lang. πŸ˜…

    ReplyDelete
    Replies
    1. Same! Bakla pakilinaw kung pgalawin ng pataas bka pababa ang gawin 😭

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    2. Walang capital yung doge. Hindi katulad ng bitcoin at eth. Ibenta nyo na kung kumita na kayo.

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    3. Itong si 4:40. Paanong maibebenta e hindi nga kumita. Luging lugi. Pg umabot ulit sa price ng pgkakabili ko (atleast) sell ko na lahat! I don't want to get involved again! 😫 πŸ˜­πŸ˜‚

      Delete
  23. if you're not in the US you won't see this move as a good one. he is a conservative. babalik na si trump sa twitter.

    ReplyDelete
    Replies
    1. Kaya nga dapat nyang makuha ang twitter para mabawasan na yung censorship sa mga conservatives. Nakakatawa tong mga liberals kuno pero gusto icensor yung mga opinyon na di nila gusto

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    2. He is neither conservative nor liberal. He is in the middle. Kaya nga meron siyang Tesla dahil sa green energy na big time liberal policy.

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    3. hindi daw sya babalik kasi gusto niyang isulong yung truth social niya

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    4. and for now Tesla lost 126billion sa stocks dahil natakot ang investor sa ginawa niya

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    5. 9:25 oh please, he has civil suits against tesla for creating a racist workplace.

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  24. I hope there'd be a new platform to come out that would be bigger and better than twitter.

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  25. Para mamanipulate nya ang crypto currency. Wise move.

    ReplyDelete
  26. Sana ayusin nya muna ang Tesla. Dami nilang kaso for racism sa workplace.
    Nakakapanlumo ung testimonials nung mga empleyado nya.

    ReplyDelete
  27. Sana mas tumino na yung Twitter. Di kasi matino si Jack Dorsey pati yung sumunod sa kanya.

    ReplyDelete

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