📈 Business & Markets

Hi, my name is Elon

Thursday, Jun 16, 2022

Elon Musk will address Twitter employees for the first time at a virtual all-hands meeting later today, during which he’ll field questions from the company he’s in the process of buying, per CEO Parag Agwal.

💰🐦 Let's back up... In late April, Twitter agreed to Musk’s proposal to take the company private at $54.20 per share (aka $44 billion) after he declined their offer for a board seat.

  • Weeks later, Musk said the deal was on hold over concerns about the company inaccurately reporting the number of spam accounts on its platform; most recently, Musk earlier this month threatened to pull out of the transaction entirely.
  • Twitter’s board responded by saying it planned to enforce the merger. Days later, the company also agreed to give Musk access to the its “firehose” of data, meaning all 500+ million daily tweets and basic info about the accounts and devices they tweet from.

📸 The big picture: Musk has said in tweets, regulatory filings and interviews that he would make a number of changes to Twitter upon buying it, including offering longer character limits, creating an edit button, and reversing all permanent user bans (including the one on former President Trump).

Share this!

Recent Business & Markets stories

Business & Markets
  |  June 14, 2022

This little bear went to market

📉 All three major US indexes fell significantly yesterday, with the S&P entering a bear market for the first time since the early days of the pandemic; a bear market is defined as a 20% loss from a recent high, which occurred on January 4 for the S&P.

Kyle Nowak & Peter Nowak
Read More
Business & Markets
  |  June 10, 2022

Get the salt and limes ready

🍹 This year, for the first time ever, Americans will spend more money on tequila and mezcal than US-made whiskeys.

Peter Nowak & Kyle Nowak
Read More
Business & Markets
  |  June 9, 2022

Austin, Texas: weird, and apparently forgetful

🚗 Uber recently released its sixth annual Lost & Found Index… and as an Austin-based company, we feel quite seen.

Peter Nowak & Kyle Nowak
Read More

You've made it this far...

Let's make our relationship official, no 💍 or elaborate proposal required. Learn and stay entertained, for free.👇

All of our news is 100% free and you can unsubscribe anytime; the quiz takes ~10 seconds to complete