Elon Musk information – newest: Dogecoin value shoots up after Twitter takeover

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Elon Musk buys Twitter for $44bn

After Twitter mentioned it has reached an settlement to promote the corporate to Elon Musk for round $44bn, the platform’s former chief and co-founder Jack Dorsey has known as the billionaire’s takeover of the corporate the “singular resolution” he trusts.

The deal was introduced by the social media platform on Monday after days of negotiations between the world’s richest particular person and the Twitter board.

Musk pays $54.20 money per share for the San Francisco-based firm, which is able to now be taken personal after days of intense negotiations between the entrepreneur and the platform’s board.

The board introduced it had reached a cope with Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing value on 1 April, the day earlier than the world’s richest particular person made his transfer for the corporate by asserting his 9 per cent stake.

Musk will probably make some vital adjustments to the social media platform, having made a number of hints in latest months about what his intentions are. It comes after Musk’s buddy Dorsey stepped down as CEO and Parag Agrawal took over.

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What does Elon Musk’s Twitter takeover imply for local weather disinformation?


‘Free speech is the bedrock of a functioning democracy, and Twitter is the digital city sq. the place issues very important to the way forward for humanity are debated,’ Mr Musk tweeted after the sale was introduced on Monday.

Louise Boyle has the story.

Graeme Massie26 April 2022 17:25

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Elon Musk unusually quiet on Twitter after $44bn bid accepted

The Tesla CEO, usually a voracious tweeter has no longer posted for 20-hours, since his “Sure!!!” tweet within the wake of his takeover of the social media platform being introduced by the corporate.

Graeme Massie26 April 2022 16:57

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Twitter CEO says that is ‘interval of uncertainty’

Parag Agrawal, who took over from Jack Dorsey as CEO of Twitter final yr, has advised employees that he doesn’t know whic means the corporate goes to go after Elon Musk purchased it.

“There may be certainly uncertainty about what’s going to occur after the deal closes,” Mr Agrawal reportedly advised employees. “We’ll discover a option to convey Elon in for a Q&A… We don’t have all of the solutions. This can be a interval of uncertainty.”

You may learn the total story right here.

Anthony Cuthbertson26 April 2022 11:33

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Dogecoin value shoots up 30%

Elon Musk’s Twitter takeover appears to have had a serious influence on the crypto market, most notably with dogecoin.

The meme-inspired cryptocurrency, which Musk has beforehand mentioned might be the “forex of the web”, shot up by greater than 30 per cent in a single day amid hypothesis that adjustments made to Twitter beneath Musk might show beneficial for dogecoin.

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Musk, who as soon as modified his Twitter bio to “CEO of Dogecoin” and described himself as “the Dogefather”, has mentioned cracking down on crypto scams will likely be a prime precedence beneath his possession.

You may learn the total story right here.

Anthony Cuthbertson26 April 2022 10:36

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Human rights teams elevate hate-speech issues on Twitter after Musk buyout

Human rights teams, together with Amnesty Worldwide and the American Civil Liberties Union (ACLU), have raised issues about hate speech on Twitter after Elon Musk’s deal to take over the corporate.

“No matter who owns Twitter, the corporate has human rights duties to respect the rights of individuals all over the world who depend on the platform. Adjustments to its insurance policies, options, and algorithms, massive and small, can have disproportionate and generally devastating impacts, together with offline violence,” Deborah Brown, a digital rights researcher, advised Reuters.

With Mr Musk calling free speech “the bedrock of a functioning democracy,” activists elevate issues that new insurance policies might flip a blind eye to violent and abusive speech.

Vishwam Sankaran26 April 2022 08:05

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Twitter CEO admits they ‘don’t know’ what’s going to occur to firm beneath Musk

ICYMI: Twitter’s CEO has advised staff at a city corridor assembly that the way forward for the platform is unclear after agreeing to promote to Elon Musk for $44bn.

Parag Agrawal spoke to staff at a city corridor assembly simply hours after the cope with the Tesla boss was introduced, in line with Reuters, which had entry to it.

“As soon as the deal closes, we don’t know which route the platform will go,” mentioned Mr Agrawal, in accordance tothe information organisation.

The corporate has advised employees that Mr Musk will maintain a question-and-answer session for them at a future date.

Graeme Massie26 April 2022 07:56

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White home says Biden ‘has lengthy been involved concerning the energy of huge social media platforms’

ICYMI: White Home press secretary Jen Psaki advised her Monday press briefing that she was “not going to touch upon a particular transition” however reiterated that the administration continues to imagine that “irrespective of who owns or runs Twitter, the president has lengthy been involved concerning the energy of huge social media platforms” and confused that “tech platforms should be held accountable for the harms they trigger.”

She pointed to bipartisan curiosity in Congress for antitrust measures and reforming part 230 of the Communications Decency Act.

And she or he added: “Our issues aren’t new. We’ve lengthy talked about, and the president has lengthy talked about, the powers of social media platforms … to unfold misinformation, disinformation [and] the necessity for these platforms to be held accountable.”

Graeme Massie26 April 2022 07:03

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Jameela Jamil quits Twitter after Elon Musk buys website for $44bn

ICYMI: Jameela Jamil has introduced that she’s leaving Twitter after information that Elon Musk has bought the platform.

The Tesla founder efficiently acquired the social media website on Monday (25 April) for round $44bn (£34.5bn). Consequently, Twitter will now be a privately owned firm.

Nicole Vassell has the story.

Graeme Massie26 April 2022 06:10

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Elizabeth Warren calls Musk’s Twitter takeover ‘harmful for our democracy’

After Twitter accepted Tesla chief Elon Musk’s bid to take over the corporate for $44bn, US senator Elizabeth Warren mentioned the deal is “harmful for our democracy.”

“Billionaires like Elon Musk play by a distinct algorithm than everybody else, accumulating energy for their very own acquire,” Ms Warren mentioned on Tuesday.

She pointed to the necessity for a wealth tax and “robust guidelines” to “maintain Huge Tech accountable.”

Vishwam Sankaran26 April 2022 06:03

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Trump says he received’t return to Twitter however calls Elon Musk ‘a very good man’

ICYMI: Donald Trump has mentioned he won’t return to Twitter following the information that Elon Musk has purchased the platform the previous president was banned from.

Mr Trump made the announcement that he wouldn’t rejoin twitter regardless of the Tesla boss’s $44bn buy, and as an alternative mentioned he wold use his personal platform TRUTH Social.

Graeme Massie26 April 2022 05:04

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