Skip to main content

Did Elon Musk take Twitter in an unavoidable situation?

The acquisition of Twitter is making it difficult for Elon Musk the richest man in the world. This huge takeover of 4,400 crores has become a treasure of his personal wealth. As soon as Twitter came into Musk's hands, his net worth (net worth) melted by around $10 billion. Bloomberg Billionaires Index states this. In fact, at one stage, Musk thought to say goodbye to the Twitter deal. They looked to say goodbye to the deal in the name of bogus accounts. Musk had to buy Twitter as a matter of necessity as Twitter dragged this matter to the court and made a fuss.

Problems from the beginning since the announcement

Elon Musk announced in April this year that he is going to buy Twitter for 4.4 billion dollars at a price of 54.2 dollars per share. Wall Street was suddenly shocked that this is the price for Twitter whose income is falling. There have been reports that Tesla will sell some of its equity shares to raise the necessary funds for the acquisition of Twitter. Tesla's shares were eclipsed by the news. Tesla shares are still trading down 35 percent from this year's high. If we include this loss, the value of Musk's personal wealth this year has been wiped out by 6.6 billion dollars.

$12 crore for Parag and Vijaya

Although the purchase of Twitter brought loss to Elon Musk, it was good for the company's CEO Parag Agarwal, and policy Chief Gadde Vijaya. Musk removed them from their existing jobs. As a result, they have to pay up to 12 crore dollars as compensation. It is estimated that 6.7 crore dollars will be given to Parag Agarwal and 5.47 crore dollars to Gadde Vijaya.

Possible changes expected from users

Twitter has around 396.5 million users around the world. Though it has far behind popular social media platforms like Facebook and Instagram which have billions of users, Twitter has loyal and active users. Soon after Musk’s takeover of Twitter users are expected the below changes from new management:


·         Providing the EDIT option

·         Restricting or controlling FAKE accounts using bots

·        To what extent will allow Free and Fair expression of the opinions

·        Tweet can contain up to 280 characters or Unicode glyphs. Can the new management increase the 

        size of the characters?

Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

Suchi Leaks Next Target - Samantha

Wikileaks created huge political uproar among Indian Politics and Bureaucrats. Suchi leaks causes disturbances both in Tollywood and Kollywood. Female Singer Suchitra discloses personal issues of celebrities in Telugu and Tamil. She leaked few photographs of Heros and Heroines who spend their personal time in private parties. Karthik, husband of Suchitra responded on leaks that she was not mentally firm. Few actors in particular Tamanna, Trisha, Dhanush, Anirudh and Rana were feel uncomfortable on these leaks. Trisha reacted on Photo of Rana who kissed her said that it was just peck between two friends. There was nothing more beyond that. Suchitra said that she was raped by Dhanush and Anirudh after the party in the night. In her another leak, Tamanna was too raped by Dhanush. As per buzz, Suchi's next leak will be related to Heroine Samantha. Earlier, Samantha had love affair with Hero Siddhartha. Both were participated in Rahu-Kethu pooja in Srikalahasti. There were many go...
Post a Comment
Read more

Girl signed on 100/- Stamp Paper for getting 5K!

YSRCP Govt gave notification for more than 2.6 lakh jobs for Village Volunteers and was selected through interview process. All unemployed youth from SSC to Graduate were applied for the posts. 
Post a Comment
Read more