Elon Musk buys Twitter
Do you know that Elon Musk, the owner of Tesla, paid $44 billion, or around Rs 3.37 lakh crore, to acquire Twitter? In the past, he owned 9.2% of Twitter. Elon Musk now owns the entire 100% interest. Twitter will also become an Elon Musk-owned private firm, similar to Tesla. The public was informed via Twitter, and Twitter was purchased by Tesla. There might be a lot of changes coming to Twitter right now. Need edited buttons on Twitter? Elon trolling on Twitter previously. And the question asked for a yes or no response. On Yes, more people clicked. Elon spelled the words Yes and No incorrectly in the troll. Both the word “no” and the word “yes” were written by him. Elon has already begun to hint that there will soon be significant changes to Twitter. Elon Musk, who supported the privatization of Twitter, purchased it. This only means that Elon Musk will now be the owner of Twitter, a social media network with millions of users and prominent worldwide leaders.
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Elon Musk’s dispute with Twitter
Elon Musk is frequently involved in Twitter conflicts. On Twitter, he has nearly 80 million followers.
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New features can be on Twitter
- Elon has stated that they would improve Twitter above its current state. He claims that each person will receive a blue tick.
- Elon has initially requested that Twitter fake account policies be stricter.
- Elon wants to make the Twitter algorithm open source to boost public trust in the service.
- A blue tick will be given to each user.
- He wants to eliminate spambots by authenticating every individual.
- On March 24, Musk suggested that Twitter’s algorithm should be open-source. His survey had more than a million responses, and 83% of them indicated that they agreed.
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Elon Musk bought shares for Twitter
About 7.35 crore shares of the social media business Twitter have been purchased by Elon Musk. Elon Musk intends to keep investing for the long term, which is why this Twitter ownership is seen as a passive investment. Elon Musk’s net worth has significantly increased as a result of his investment in Twitter shares. His net worth increased by $ 15.3 billion, or Rs. 1.15 lakh crore, as a result of the Twitter acquisition, although a day earlier, Twitter stock finished with a gain of more than 27%. His current total net worth is Rs 288 billion, or 21.72 lakh crores of rupees. Data from the New York Stock Exchange shows that shares of Twitter have increased by 27.13 percent. Shares of Twitter then increased by $ 10.67 to close at $ 49.97.Over 27% more shares of Twitter were up at the closing.
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New CEO of Twitter
Software developer Parag Agrawal is of Indian and American descent. As a software engineer who joined Twitter in 2011, Parag later rose to the position of Chief Technology Officer. The outgoing CEO of Twitter, Jack Dorsey, resigned on November 21, 2021. New Twitter CEO Parag Aggarwal has been appointed. Parag spent 11 years working at Twitter before being named CEO. The annual compensation for Parag Agarwal will be $1 million, or around Rs 7.5 crore. In addition, Parag Agarwal will participate in the company’s executive incentive program.
Parag Agarwal didn’t send out his first tweet, thanking Twitter CEO Jack Dorsey and the staff, until after taking over as CEO. In addition to this, Parag Aggarwal thanked Jack Dorsey in a selfie they both posted.
Shreya Ghoshal tweeted about Parag Agarwal’s happiness at becoming CEO to express her congratulations. A childhood buddy of Parag is Shreya Agarwal.
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